Euronet Worldwide, Inc. (NASDAQ:EEFT) – Equities research analysts at William Blair lowered their FY2017 earnings estimates for Euronet Worldwide in a research report issued to clients and investors on Monday, according to Zacks Investment Research. William Blair analyst C. Shutler now expects that the business services provider will earn $4.33 per share for the year, down from their prior forecast of $4.34. William Blair has a “Market Perform” rating on the stock. William Blair also issued estimates for Euronet Worldwide’s FY2018 earnings at $5.07 EPS.
Other analysts also recently issued reports about the stock. Piper Jaffray Companies reissued a “buy” rating and set a $112.00 target price on shares of Euronet Worldwide in a research note on Sunday, October 22nd. Northland Securities reaffirmed a “buy” rating and issued a $110.00 price target on shares of Euronet Worldwide in a research note on Thursday, October 19th. SunTrust Banks reaffirmed a “buy” rating and issued a $120.00 price target on shares of Euronet Worldwide in a research note on Friday, October 6th. Zacks Investment Research raised shares of Euronet Worldwide from a “hold” rating to a “buy” rating and set a $106.00 price target on the stock in a research note on Tuesday, September 26th. Finally, Goldman Sachs Group initiated coverage on shares of Euronet Worldwide in a research note on Thursday, December 14th. They issued a “buy” rating and a $110.00 price target on the stock. Two analysts have rated the stock with a sell rating, one has given a hold rating and seven have given a buy rating to the company. The stock has a consensus rating of “Buy” and a consensus target price of $108.86.
Shares of Euronet Worldwide (NASDAQ EEFT) traded down $0.19 during trading hours on Wednesday, reaching $95.00. 322,189 shares of the company’s stock traded hands, compared to its average volume of 657,933. The company has a debt-to-equity ratio of 0.50, a quick ratio of 1.44 and a current ratio of 1.48. Euronet Worldwide has a 52 week low of $70.51 and a 52 week high of $101.07. The firm has a market cap of $5,010.00, a P/E ratio of 25.07, a P/E/G ratio of 1.27 and a beta of 1.36.
Euronet Worldwide (NASDAQ:EEFT) last announced its earnings results on Thursday, October 19th. The business services provider reported $1.61 earnings per share (EPS) for the quarter, meeting the consensus estimate of $1.61. Euronet Worldwide had a net margin of 9.63% and a return on equity of 22.46%. The company had revenue of $637.90 million for the quarter, compared to the consensus estimate of $595.09 million. During the same period in the previous year, the business earned $1.35 EPS. The company’s revenue was up 21.7% on a year-over-year basis.
Institutional investors have recently bought and sold shares of the business. Bristlecone Advisors LLC bought a new stake in Euronet Worldwide during the third quarter valued at about $113,000. Fiduciary Trust Co. bought a new stake in Euronet Worldwide during the second quarter valued at about $122,000. The Manufacturers Life Insurance Company boosted its holdings in Euronet Worldwide by 7.3% during the second quarter. The Manufacturers Life Insurance Company now owns 1,696 shares of the business services provider’s stock valued at $149,000 after acquiring an additional 116 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in Euronet Worldwide by 10.3% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,796 shares of the business services provider’s stock valued at $157,000 after acquiring an additional 167 shares during the period. Finally, Turner Investments LLC bought a new stake in Euronet Worldwide during the third quarter valued at about $174,000. 95.17% of the stock is currently owned by hedge funds and other institutional investors.
In other Euronet Worldwide news, CEO Michael J. Brown sold 63,538 shares of the stock in a transaction on Monday, October 23rd. The shares were sold at an average price of $100.06, for a total transaction of $6,357,612.28. Following the transaction, the chief executive officer now directly owns 1,603,486 shares of the company’s stock, valued at $160,444,809.16. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CFO Rick Weller sold 15,601 shares of the stock in a transaction on Friday, December 15th. The stock was sold at an average price of $92.01, for a total transaction of $1,435,448.01. Following the transaction, the chief financial officer now directly owns 80,285 shares in the company, valued at $7,387,022.85. The disclosure for this sale can be found here. Insiders sold 94,235 shares of company stock worth $9,201,216 over the last ninety days. 7.70% of the stock is currently owned by company insiders.
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Euronet Worldwide Company Profile
Euronet Worldwide, Inc is an electronic payments provider. The Company offers payment and transaction processing and distribution solutions to financial institutions, retailers, service providers and individual consumers. Its product offerings include automated teller machine (ATM), point-of-sale (POS), card outsourcing, card issuing and merchant acquiring services, electronic distribution of prepaid mobile airtime and other electronic payment products.
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