Euronet Worldwide (NASDAQ:EEFT) Issues Quarterly Earnings Results, Beats Estimates By $0.11 EPS

by · The Cerbat Gem

Euronet Worldwide (NASDAQ:EEFT – Get Free Report) posted its quarterly earnings results on Wednesday. The business services provider reported $3.03 EPS for the quarter, topping the consensus estimate of $2.92 by $0.11, Briefing.com reports. Euronet Worldwide had a net margin of 7.46% and a return on equity of 27.81%. The company had revenue of $1.11 billion for the quarter, compared to the consensus estimate of $1.04 billion. During the same quarter last year, the firm posted $2.53 EPS.

Euronet Worldwide Stock Performance

NASDAQ:EEFT traded down $1.76 during trading hours on Friday, hitting $100.50. 369,882 shares of the company were exchanged, compared to its average volume of 305,932. The stock has a market capitalization of $4.61 billion, a price-to-earnings ratio of 18.00 and a beta of 1.46. Euronet Worldwide has a 52-week low of $75.41 and a 52-week high of $117.66. The company has a debt-to-equity ratio of 0.85, a current ratio of 1.19 and a quick ratio of 1.19. The company’s 50 day moving average price is $100.47 and its 200-day moving average price is $104.32.

Insiders Place Their Bets

In other Euronet Worldwide news, CEO Juan Bianchi sold 4,000 shares of the business’s stock in a transaction that occurred on Thursday, September 5th. The shares were sold at an average price of $102.58, for a total transaction of $410,320.00. Following the sale, the chief executive officer now owns 12,440 shares of the company’s stock, valued at approximately $1,276,095.20. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In other Euronet Worldwide news, CEO Juan Bianchi sold 4,000 shares of the business’s stock in a transaction that occurred on Thursday, September 5th. The shares were sold at an average price of $102.58, for a total transaction of $410,320.00. Following the sale, the chief executive officer now owns 12,440 shares of the company’s stock, valued at approximately $1,276,095.20. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Thomas A. Mcdonnell acquired 3,206 shares of the firm’s stock in a transaction on Monday, August 5th. The shares were acquired at an average price of $93.86 per share, with a total value of $300,915.16. Following the completion of the purchase, the director now owns 90,000 shares in the company, valued at approximately $8,447,400. This trade represents a 0.00 % increase in their position. The disclosure for this purchase can be found here. 10.50% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

Several research analysts have issued reports on EEFT shares. DA Davidson reiterated a “buy” rating and set a $136.00 target price on shares of Euronet Worldwide in a report on Tuesday, October 8th. Needham & Company LLC dropped their target price on shares of Euronet Worldwide from $125.00 to $120.00 and set a “buy” rating on the stock in a report on Thursday. Monness Crespi & Hardt increased their target price on shares of Euronet Worldwide from $140.00 to $145.00 and gave the stock a “neutral” rating in a report on Monday, July 22nd. Oppenheimer initiated coverage on shares of Euronet Worldwide in a report on Tuesday, October 1st. They set an “outperform” rating and a $121.00 target price on the stock. Finally, StockNews.com cut shares of Euronet Worldwide from a “buy” rating to a “hold” rating in a report on Friday, August 9th. Five equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $125.38.

Read Our Latest Analysis on Euronet Worldwide

About Euronet Worldwide

(Get Free Report)

Euronet Worldwide, Inc provides payment and transaction processing and distribution solutions to financial institutions, retailers, service providers, and individual consumers worldwide. It operates through three segments: Electronic Fund Transfer Processing, epay, and Money Transfer. The Electronic Fund Transfer Processing segment provides electronic payment solutions, including automated teller machine (ATM) cash withdrawal and deposit services, ATM network participation, outsourced ATM and point-of-sale (POS) management solutions, credit and debit and prepaid card outsourcing, card issuing, and merchant acquiring services.

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