BidaskClub Lowers Euronet Worldwide (EEFT) to Strong Sell

Euronet Worldwide (NASDAQ:EEFT) was downgraded by BidaskClub from a “sell” rating to a “strong sell” rating in a note issued to investors on Friday.

Several other equities analysts also recently commented on the stock. William Blair downgraded shares of Euronet Worldwide from an “outperform” rating to a “market perform” rating in a research report on Monday, December 18th. Zacks Investment Research downgraded shares of Euronet Worldwide from a “buy” rating to a “hold” rating in a research report on Thursday, October 26th. Goldman Sachs Group initiated coverage on shares of Euronet Worldwide in a research report on Thursday, December 14th. They set a “buy” rating and a $110.00 target price on the stock. Piper Jaffray Companies reissued a “buy” rating and set a $112.00 target price on shares of Euronet Worldwide in a research report on Sunday, October 22nd. Finally, Northland Securities reissued a “buy” rating and set a $110.00 target price on shares of Euronet Worldwide in a research report on Thursday, October 19th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and seven have assigned a buy rating to the company. Euronet Worldwide presently has a consensus rating of “Buy” and an average target price of $111.71.

Euronet Worldwide (NASDAQ:EEFT) opened at $83.68 on Friday. The company has a quick ratio of 1.44, a current ratio of 1.48 and a debt-to-equity ratio of 0.50. The firm has a market cap of $4,408.35, a price-to-earnings ratio of 19.42, a PEG ratio of 1.12 and a beta of 1.43. Euronet Worldwide has a one year low of $76.26 and a one year high of $101.07.

Euronet Worldwide (NASDAQ:EEFT) last posted its earnings results on Wednesday, February 7th. The business services provider reported $1.13 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.12 by $0.01. The firm had revenue of $604.60 million for the quarter, compared to the consensus estimate of $609.53 million. Euronet Worldwide had a net margin of 6.97% and a return on equity of 22.41%. The business’s quarterly revenue was up 16.3% on a year-over-year basis. During the same period in the prior year, the business posted $0.99 earnings per share. research analysts predict that Euronet Worldwide will post 5 EPS for the current fiscal year.

In other Euronet Worldwide news, CFO Rick Weller sold 12,400 shares of the company’s stock in a transaction dated Wednesday, December 13th. The shares were sold at an average price of $92.01, for a total transaction of $1,140,924.00. Following the completion of the sale, the chief financial officer now directly owns 80,285 shares in the company, valued at $7,387,022.85. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Michael J. Brown sold 20,000 shares of the company’s stock in a transaction dated Monday, February 12th. The shares were sold at an average price of $79.63, for a total transaction of $1,592,600.00. Following the sale, the chief executive officer now owns 1,502,348 shares of the company’s stock, valued at $119,631,971.24. The disclosure for this sale can be found here. Insiders have sold 68,297 shares of company stock valued at $6,020,604 over the last 90 days. Corporate insiders own 7.70% of the company’s stock.

Hedge funds have recently added to or reduced their stakes in the business. American International Group Inc. bought a new stake in Euronet Worldwide during the fourth quarter valued at about $100,000. Bristlecone Advisors LLC bought a new stake in Euronet Worldwide during the third quarter valued at about $113,000. Delpha Capital Management LLC bought a new stake in Euronet Worldwide during the fourth quarter valued at about $101,000. FNY Managed Accounts LLC bought a new stake in Euronet Worldwide during the fourth quarter valued at about $126,000. Finally, 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. Institutional investors own 95.62% of the company’s stock.

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About Euronet Worldwide

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.

Analyst Recommendations for Euronet Worldwide (NASDAQ:EEFT)

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