Euronet Worldwide Inc. (NASDAQ:EEFT) Given Average Recommendation of “Buy” by Brokerages
Euronet Worldwide Inc. (NASDAQ:EEFT) has earned a consensus recommendation of “Buy” from the nine brokerages that are covering the company. Two investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company. The average 12 month price target among brokers that have updated their coverage on the stock in the last year is $84.75.
Several equities analysts have recently weighed in on the stock. Monness Crespi & Hardt cut shares of Euronet Worldwide from a “buy” rating to a “neutral” rating in a research note on Friday, June 10th. Zacks Investment Research cut shares of Euronet Worldwide from a “buy” rating to a “hold” rating in a research note on Tuesday.
In related news, CEO Kevin J. Caponecchi sold 58,573 shares of the firm’s stock in a transaction on Wednesday, August 3rd. The shares were sold at an average price of $75.52, for a total value of $4,423,432.96. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, VP Jeffrey B. Newman sold 5,772 shares of the firm’s stock in a transaction on Tuesday, August 16th. The shares were sold at an average price of $77.80, for a total transaction of $449,061.60. The disclosure for this sale can be found here. 7.30% of the stock is currently owned by corporate insiders.
Institutional investors have recently added to or reduced their stakes in the stock. Smithfield Trust Co. boosted its position in Euronet Worldwide by 14.6% in the second quarter. Smithfield Trust Co. now owns 2,053 shares of the company’s stock valued at $142,000 after buying an additional 261 shares in the last quarter. Northwest Investment Counselors LLC boosted its position in Euronet Worldwide by 6.1% in the second quarter. Northwest Investment Counselors LLC now owns 5,128 shares of the company’s stock worth $355,000 after buying an additional 294 shares during the period. Aviance Capital Management LLC boosted its position in Euronet Worldwide by 10.3% in the second quarter. Aviance Capital Management LLC now owns 4,395 shares of the company’s stock worth $304,000 after buying an additional 410 shares during the period. I.G. Investment Management LTD. boosted its position in Euronet Worldwide by 1.8% in the second quarter. I.G. Investment Management LTD. now owns 32,152 shares of the company’s stock worth $2,225,000 after buying an additional 584 shares during the period. Finally, Riggs Asset Managment Co. Inc. boosted its position in Euronet Worldwide by 0.6% in the second quarter. Riggs Asset Managment Co. Inc. now owns 101,729 shares of the company’s stock worth $7,039,000 after buying an additional 585 shares during the period. 89.92% of the stock is owned by institutional investors and hedge funds.
Euronet Worldwide (NASDAQ:EEFT) traded up 0.52% during trading on Wednesday, reaching $81.67. 130,963 shares of the company traded hands. The company has a market cap of $4.25 billion, a PE ratio of 29.68 and a beta of 1.43. Euronet Worldwide has a 12 month low of $52.00 and a 12 month high of $82.49. The company’s 50-day moving average is $78.57 and its 200 day moving average is $75.89.
Euronet Worldwide (NASDAQ:EEFT) last announced its earnings results on Tuesday, July 26th. The company reported $0.97 EPS for the quarter, topping the consensus estimate of $0.90 by $0.07. The firm had revenue of $476.90 million for the quarter, compared to the consensus estimate of $470.99 million. Euronet Worldwide had a net margin of 8.01% and a return on equity of 22.65%. The business’s quarterly revenue was up 12.2% on a year-over-year basis. During the same period last year, the company posted $0.78 EPS. On average, analysts anticipate that Euronet Worldwide will post $4.07 earnings per share for the current year.
Euronet Worldwide Company Profile
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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