Euronet Worldwide (NASDAQ:EEFT) was upgraded by BidaskClub from a “sell” rating to a “hold” rating in a note issued to investors on Friday.
Other research analysts have also recently issued reports about the stock. DA Davidson boosted their target price on shares of Euronet Worldwide to $118.00 and gave the company a “buy” rating in a research note on Thursday, February 1st. Lake Street Capital boosted their target price on shares of Euronet Worldwide from $100.00 to $106.00 and gave the company a “buy” rating in a research note on Thursday, February 8th. Zacks Investment Research upgraded shares of Euronet Worldwide from a “sell” rating to a “hold” rating in a research note on Monday, February 5th. Finally, ValuEngine cut shares of Euronet Worldwide from a “hold” rating to a “sell” rating in a research note on Wednesday, April 4th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and six have given a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average target price of $111.71.
EEFT traded up $0.19 during midday trading on Friday, reaching $76.80. The company had a trading volume of 99,562 shares, compared to its average volume of 680,556. The company has a quick ratio of 1.27, a current ratio of 1.34 and a debt-to-equity ratio of 0.34. The stock has a market cap of $4,005.78, a price-to-earnings ratio of 17.63, a PEG ratio of 1.04 and a beta of 1.50. Euronet Worldwide has a 12-month low of $70.67 and a 12-month high of $101.07.
Euronet Worldwide (NASDAQ:EEFT) last released its earnings results on Wednesday, February 7th. The business services provider reported $1.13 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.12 by $0.01. The firm had revenue of $604.60 million for 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 company’s quarterly revenue was up 16.3% on a year-over-year basis. During the same period in the previous year, the company earned $0.99 earnings per share. sell-side analysts anticipate that Euronet Worldwide will post 5 earnings per share for the current year.
In related news, CEO Michael J. Brown sold 20,000 shares of the company’s stock in a transaction that occurred on 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 directly owns 1,502,348 shares in the company, valued at approximately $119,631,971.24. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Insiders have sold a total of 80,000 shares of company stock worth $6,804,800 over the last 90 days. 7.70% of the stock is currently owned by corporate insiders.
A number of hedge funds and other institutional investors have recently bought and sold shares of the business. The Manufacturers Life Insurance Company lifted its stake in Euronet Worldwide by 7.3% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 1,696 shares of the business services provider’s stock worth $149,000 after purchasing an additional 116 shares in the last quarter. Campbell Newman Asset Management Inc. lifted its stake in Euronet Worldwide by 22.3% in the 4th quarter. Campbell Newman Asset Management Inc. now owns 4,009 shares of the business services provider’s stock worth $338,000 after purchasing an additional 732 shares in the last quarter. FDx Advisors Inc. lifted its stake in Euronet Worldwide by 5.1% in the 4th quarter. FDx Advisors Inc. now owns 15,514 shares of the business services provider’s stock worth $1,307,000 after purchasing an additional 751 shares in the last quarter. Verition Fund Management LLC lifted its stake in Euronet Worldwide by 16.0% in the 4th quarter. Verition Fund Management LLC now owns 6,208 shares of the business services provider’s stock worth $523,000 after purchasing an additional 856 shares in the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in Euronet Worldwide by 50.7% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,707 shares of the business services provider’s stock worth $228,000 after purchasing an additional 911 shares in the last quarter.
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Euronet Worldwide Company Profile
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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