Euronet Worldwide (EEFT) Releases Earnings Results
Euronet Worldwide (NASDAQ:EEFT) issued its earnings results on Tuesday. The business services provider reported $1.13 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.12 by $0.01, Bloomberg Earnings reports. The firm had revenue of $604.60 million for the quarter, compared to the consensus estimate of $609.53 million. Euronet Worldwide had a return on equity of 22.46% and a net margin of 9.63%. The company’s revenue was up 16.3% compared to the same quarter last year. During the same quarter last year, the business posted $0.99 EPS.
Shares of Euronet Worldwide (NASDAQ:EEFT) traded down $3.25 on Wednesday, hitting $83.55. The stock had a trading volume of 563,236 shares, compared to its average volume of 556,733. Euronet Worldwide has a one year low of $72.30 and a one year high of $101.07. The company has a market cap of $4,508.44, a PE ratio of 22.96, a price-to-earnings-growth ratio of 1.13 and a beta of 1.43. The company has a quick ratio of 1.44, a current ratio of 1.48 and a debt-to-equity ratio of 0.50.
In related news, CEO Michael J. Brown sold 20,000 shares of the firm’s stock in a transaction on Thursday, February 1st. The stock was sold at an average price of $91.22, for a total transaction of $1,824,400.00. Following the completion of the transaction, the chief executive officer now directly owns 1,522,348 shares of the company’s stock, valued at approximately $138,868,584.56. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CFO Rick Weller sold 12,400 shares of the firm’s stock in a transaction on Wednesday, December 13th. The stock was sold at an average price of $92.01, for a total value of $1,140,924.00. Following the transaction, the chief financial officer now directly owns 80,285 shares of the company’s stock, valued at $7,387,022.85. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 48,297 shares of company stock valued at $4,428,004. 7.70% of the stock is owned by corporate insiders.
A number of brokerages have weighed in on EEFT. BidaskClub raised Euronet Worldwide from a “sell” rating to a “hold” rating in a report on Thursday, December 7th. Goldman Sachs Group began coverage on Euronet Worldwide in a report on Thursday, December 14th. They issued a “buy” rating and a $110.00 target price on the stock. DA Davidson raised their target price on Euronet Worldwide to $118.00 and gave the company a “buy” rating in a report on Thursday, February 1st. Northland Securities reaffirmed a “buy” rating and issued a $110.00 target price on shares of Euronet Worldwide in a report on Thursday, October 19th. Finally, Zacks Investment Research upgraded Euronet Worldwide from a “sell” rating to a “hold” rating in a research note on Monday. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and seven have issued a buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average price target of $110.71.
About Euronet Worldwide
Euronet Worldwide, Inc is an electronic payments provider. The Company offers payment and transaction processing and distribution solutions to financial institutions, retailers, service providers and individual consumers. Its product offerings include automated teller machine (ATM), point-of-sale (POS), card outsourcing, card issuing and merchant acquiring services, electronic distribution of prepaid mobile airtime and other electronic payment products.
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