Euronet Worldwide (NASDAQ:EEFT) Issues Quarterly Earnings Results

Euronet Worldwide (NASDAQ:EEFT) posted its quarterly earnings results on Wednesday. The business services provider reported $3.03 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.92 by $0.11, Briefing.com reports. The company had revenue of $1.11 billion for the quarter, compared to analysts’ expectations of $1.04 billion. Euronet Worldwide had a return on equity of 27.81% and a net margin of 7.46%. During the same quarter in the prior year, the company earned $2.53 earnings per share.

Euronet Worldwide Stock Performance

Shares of NASDAQ EEFT traded down $1.76 during trading hours on Friday, hitting $100.50. 399,843 shares of the company’s stock were exchanged, compared to its average volume of 306,077. The stock has a market capitalization of $4.61 billion, a price-to-earnings ratio of 17.69 and a beta of 1.46. The company’s 50-day moving average price is $100.42 and its 200-day moving average price is $104.26. The company has a debt-to-equity ratio of 0.85, a current ratio of 1.19 and a quick ratio of 1.19. Euronet Worldwide has a 1-year low of $75.41 and a 1-year high of $117.66.

Insider Buying and Selling

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

Wall Street Analyst Weigh In

A number of research firms have commented on EEFT. StockNews.com lowered shares of Euronet Worldwide from a “buy” rating to a “hold” rating in a research note on Friday, August 9th. DA Davidson reissued a “buy” rating and set a $136.00 target price on shares of Euronet Worldwide in a research note on Tuesday, October 8th. Citigroup downgraded Euronet Worldwide from a “buy” rating to a “neutral” rating and lowered their price target for the company from $118.00 to $110.00 in a report on Friday, October 18th. Oppenheimer began coverage on Euronet Worldwide in a research report on Tuesday, October 1st. They set an “outperform” rating and a $121.00 price target on the stock. Finally, Monness Crespi & Hardt lifted their target price on Euronet Worldwide from $140.00 to $145.00 and gave the company a “neutral” rating in a research note on Monday, July 22nd. Five analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. Based on data from MarketBeat, Euronet Worldwide currently has a consensus rating of “Moderate Buy” and a consensus target price of $125.38.

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. 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.