Zacks: Brokerages Anticipate Euronet Worldwide (EEFT) to Post $0.73 EPS

Brokerages predict that Euronet Worldwide (NASDAQ:EEFT) will post $0.73 earnings per share for the current quarter, Zacks reports. Five analysts have made estimates for Euronet Worldwide’s earnings, with the highest EPS estimate coming in at $0.73 and the lowest estimate coming in at $0.72. Euronet Worldwide also posted earnings of $0.73 per share during the same quarter last year. The firm is scheduled to issue its next quarterly earnings results before the market opens on Wednesday, April 25th.

On average, analysts expect that Euronet Worldwide will report full-year earnings of $5.20 per share for the current financial year, with EPS estimates ranging from $5.10 to $5.31. For the next year, analysts forecast that the company will post earnings of $5.93 per share, with EPS estimates ranging from $5.75 to $6.07. Zacks’ EPS calculations are an average based on a survey of sell-side analysts that that provide coverage for Euronet Worldwide.

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Euronet Worldwide (NASDAQ:EEFT) last released its quarterly earnings data on Wednesday, February 7th. The business services provider reported $1.13 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.12 by $0.01. The business had revenue of $604.60 million during the quarter, compared to analysts’ expectations of $609.53 million. Euronet Worldwide had a net margin of 6.97% and a return on equity of 21.76%. The firm’s quarterly revenue was up 16.3% compared to the same quarter last year. During the same period in the prior year, the company earned $0.99 EPS.

EEFT has been the subject of a number of research analyst reports. Zacks Investment Research cut shares of Euronet Worldwide from a “hold” rating to a “sell” rating in a research report on Monday, December 25th. BidaskClub upgraded shares of Euronet Worldwide from a “sell” rating to a “hold” rating in a research report on Saturday, January 13th. DA Davidson upped their price objective on shares of Euronet Worldwide to $118.00 and gave the stock a “buy” rating in a research report on Thursday, February 1st. Finally, Lake Street Capital boosted their target price on shares of Euronet Worldwide from $100.00 to $106.00 and gave the stock a “buy” rating in a report on Thursday, February 8th. Two research analysts have rated the stock with a sell rating, two have given a hold rating and six have assigned a buy rating to the company. The company has an average rating of “Hold” and a consensus target price of $111.71.

In other Euronet Worldwide news, CEO Michael J. Brown sold 20,000 shares of the business’s stock in a transaction that occurred on Monday, February 26th. The shares were sold at an average price of $85.40, for a total transaction of $1,708,000.00. Following the sale, the chief executive officer now directly owns 1,462,348 shares of the company’s stock, valued at approximately $124,884,519.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders have sold a total of 80,000 shares of company stock worth $6,804,800 over the last three months. Insiders own 7.70% of the company’s stock.

Several large investors have recently bought and sold shares of EEFT. Millennium Management LLC boosted its stake in shares of Euronet Worldwide by 376.3% in the 4th quarter. Millennium Management LLC now owns 652,525 shares of the business services provider’s stock valued at $54,988,000 after purchasing an additional 515,535 shares during the last quarter. William Blair Investment Management LLC boosted its stake in shares of Euronet Worldwide by 35.7% in the 4th quarter. William Blair Investment Management LLC now owns 1,198,180 shares of the business services provider’s stock valued at $100,971,000 after purchasing an additional 315,396 shares during the last quarter. Victory Capital Management Inc. boosted its stake in shares of Euronet Worldwide by 12.1% in the 4th quarter. Victory Capital Management Inc. now owns 2,712,984 shares of the business services provider’s stock valued at $228,623,000 after purchasing an additional 292,777 shares during the last quarter. Wasatch Advisors Inc. boosted its stake in shares of Euronet Worldwide by 14.5% in the 4th quarter. Wasatch Advisors Inc. now owns 874,298 shares of the business services provider’s stock valued at $73,677,000 after purchasing an additional 111,033 shares during the last quarter. Finally, Gotham Asset Management LLC bought a new stake in shares of Euronet Worldwide in the 4th quarter valued at $9,006,000.

EEFT stock traded down $0.95 during trading on Friday, reaching $76.84. 10,587 shares of the company were exchanged, compared to its average volume of 684,120. The stock has a market cap of $3,982.09, a price-to-earnings ratio of 17.94, a P/E/G ratio of 1.03 and a beta of 1.50. Euronet Worldwide has a twelve month low of $70.67 and a twelve month high of $101.07. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.34 and a quick ratio of 1.27.

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About Euronet Worldwide

Euronet Worldwide, Inc provides payment and transaction processing and distribution solutions to financial institutions, retailers, service providers, and individual consumers worldwide. The company operates in three segments: Electronic Financial Transaction (EFT) Processing, epay, and Money Transfer.

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