Euronet Worldwide (EEFT) Projected to Post Earnings on Thursday

Euronet Worldwide (NASDAQ:EEFT) is expected to post its quarterly earnings results before the market opens on Thursday, February 13th. Analysts expect Euronet Worldwide to post earnings of $2.02 per share and revenue of $1.05 billion for the quarter. Individual that wish to listen to the company’s earnings conference call can do so using this link.

Euronet Worldwide Price Performance

Shares of EEFT opened at $96.69 on Tuesday. The company has a debt-to-equity ratio of 0.88, a quick ratio of 1.26 and a current ratio of 1.26. The firm has a market cap of $4.25 billion, a PE ratio of 13.97, a PEG ratio of 0.77 and a beta of 1.43. The firm’s 50 day moving average price is $101.18 and its 200 day moving average price is $100.91. Euronet Worldwide has a twelve month low of $91.07 and a twelve month high of $117.66.

Insiders Place Their Bets

In related news, CEO Nikos Fountas sold 21,479 shares of Euronet Worldwide stock in a transaction dated Monday, December 9th. The stock was sold at an average price of $103.56, for a total transaction of $2,224,365.24. Following the sale, the chief executive officer now directly owns 52,370 shares of the company’s stock, valued at $5,423,437.20. This trade represents a 29.09 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Kevin J. Caponecchi sold 52,034 shares of the business’s stock in a transaction dated Monday, November 25th. The shares were sold at an average price of $106.61, for a total value of $5,547,344.74. Following the transaction, the chief executive officer now owns 90,288 shares in the company, valued at $9,625,603.68. This represents a 36.56 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 82,910 shares of company stock valued at $8,780,102 in the last three months. Company insiders own 10.50% of the company’s stock.

Analyst Ratings Changes

EEFT has been the subject of several analyst reports. Oppenheimer reduced their price objective on shares of Euronet Worldwide from $135.00 to $128.00 and set an “outperform” rating for the company in a research note on Thursday, December 19th. Citigroup cut Euronet Worldwide from a “buy” rating to a “neutral” rating and reduced their price target for the stock from $118.00 to $110.00 in a research report on Friday, October 18th. StockNews.com raised Euronet Worldwide from a “hold” rating to a “buy” rating in a report on Monday, January 20th. Monness Crespi & Hardt upgraded Euronet Worldwide from a “hold” rating to a “strong-buy” rating in a report on Thursday, October 24th. Finally, Needham & Company LLC reiterated a “buy” rating and set a $120.00 price target on shares of Euronet Worldwide in a report on Thursday, December 12th. Three research analysts have rated the stock with a hold rating, six have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $127.14.

About Euronet Worldwide

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.