ValuEngine cut shares of Euronet Worldwide (NASDAQ:EEFT) from a hold rating to a sell rating in a research report sent to investors on Tuesday.
A number of other equities research analysts have also recently weighed in on the stock. BidaskClub cut shares of Euronet Worldwide from a hold rating to a sell rating in a research report on Friday, April 6th. Zacks Investment Research cut shares of Euronet Worldwide from a hold rating to a sell rating in a research report on Thursday, April 26th. DA Davidson dropped their price target on shares of Euronet Worldwide to $108.00 and set a buy rating for the company in a research report on Tuesday, April 24th. Goldman Sachs Group cut shares of Euronet Worldwide from a buy rating to a neutral rating and dropped their price target for the company from $101.00 to $94.00 in a research report on Monday, June 11th. Finally, Needham & Company LLC initiated coverage on shares of Euronet Worldwide in a research report on Thursday, May 10th. They set a buy rating and a $100.00 price target for the company. Two investment analysts have rated the stock with a sell rating, two have assigned a hold rating and seven have assigned a buy rating to the company. The company has an average rating of Hold and a consensus target price of $107.00.
Shares of Euronet Worldwide opened at $84.45 on Tuesday, Marketbeat reports. The company has a current ratio of 1.42, a quick ratio of 1.42 and a debt-to-equity ratio of 0.52. Euronet Worldwide has a 12 month low of $70.67 and a 12 month high of $101.07. The stock has a market cap of $4.49 billion, a price-to-earnings ratio of 19.50, a PEG ratio of 1.16 and a beta of 1.50.
Euronet Worldwide (NASDAQ:EEFT) last announced its quarterly earnings results on Wednesday, April 25th. The business services provider reported $0.73 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.73. Euronet Worldwide had a net margin of 6.66% and a return on equity of 20.77%. The business had revenue of $550.50 million during the quarter, compared to analysts’ expectations of $535.93 million. During the same period last year, the business earned $0.73 earnings per share. The business’s revenue for the quarter was up 16.3% on a year-over-year basis. research analysts anticipate that Euronet Worldwide will post 5.03 EPS for the current fiscal year.
In related news, CEO Kevin J. Caponecchi sold 60,889 shares of Euronet Worldwide stock in a transaction that occurred on Tuesday, May 15th. The shares were sold at an average price of $82.00, for a total value of $4,992,898.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 7.40% of the company’s stock.
Several hedge funds have recently made changes to their positions in the stock. Wells Fargo & Company MN grew its holdings in shares of Euronet Worldwide by 20.3% in the first quarter. Wells Fargo & Company MN now owns 2,699,640 shares of the business services provider’s stock valued at $213,057,000 after purchasing an additional 456,305 shares in the last quarter. William Blair Investment Management LLC lifted its stake in Euronet Worldwide by 35.7% in the fourth quarter. William Blair Investment Management LLC now owns 1,198,180 shares of the business services provider’s stock worth $100,971,000 after acquiring an additional 315,396 shares during the last quarter. Wasatch Advisors Inc. lifted its stake in Euronet Worldwide by 27.5% in the first quarter. Wasatch Advisors Inc. now owns 1,114,685 shares of the business services provider’s stock worth $87,971,000 after acquiring an additional 240,387 shares during the last quarter. Manning & Napier Group LLC lifted its stake in Euronet Worldwide by 3.7% in the first quarter. Manning & Napier Group LLC now owns 1,107,265 shares of the business services provider’s stock worth $87,384,000 after acquiring an additional 39,910 shares during the last quarter. Finally, Van Berkom & Associates Inc. lifted its stake in Euronet Worldwide by 14.6% in the first quarter. Van Berkom & Associates Inc. now owns 886,126 shares of the business services provider’s stock worth $69,933,000 after acquiring an additional 112,973 shares during the last quarter.
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.
To view ValuEngine’s full report, visit ValuEngine’s official website.
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