Euronet Worldwide Inc. (EEFT) to Post FY2017 Earnings of $4.34 Per Share, William Blair Forecasts
Euronet Worldwide Inc. (NASDAQ:EEFT) – Analysts at William Blair increased their FY2017 earnings per share estimates for Euronet Worldwide in a research note issued on Tuesday. William Blair analyst C. Shutler now forecasts that the firm will post earnings of $4.34 per share for the year, up from their prior estimate of $4.28.
Euronet Worldwide (NASDAQ:EEFT) last released its earnings results on Tuesday, July 26th. The company reported $0.97 earnings per share for the quarter, topping the Zacks’ 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 company’s revenue was up 12.2% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.78 EPS.
A number of other research firms have also weighed in on EEFT. Zacks Investment Research raised shares of Euronet Worldwide from a “hold” rating to a “buy” rating and set a $94.00 target price for the company in a report on Wednesday. SunTrust Banks Inc. assumed coverage on shares of Euronet Worldwide in a research note on Wednesday. They set a “buy” rating and a $98.00 price objective for the company. One research analyst has rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $88.14.
Euronet Worldwide (NASDAQ:EEFT) traded up 0.05% during mid-day trading on Wednesday, hitting $83.13. 402,949 shares of the stock were exchanged. The stock has a 50 day moving average of $80.28 and a 200-day moving average of $76.72. The stock has a market cap of $4.33 billion, a price-to-earnings ratio of 30.21 and a beta of 1.49. Euronet Worldwide has a 52-week low of $52.00 and a 52-week high of $84.81.
Several hedge funds have recently added to or reduced their stakes in EEFT. Eagle Boston Investment Management Inc. increased its stake in Euronet Worldwide by 0.8% in the third quarter. Eagle Boston Investment Management Inc. now owns 198,892 shares of the company’s stock valued at $16,275,000 after buying an additional 1,566 shares during the period. Creative Planning increased its stake in Euronet Worldwide by 0.5% in the third quarter. Creative Planning now owns 21,198 shares of the company’s stock valued at $1,735,000 after buying an additional 96 shares during the last quarter. Foundry Partners LLC purchased a new stake in Euronet Worldwide during the third quarter valued at $238,000. BNP Paribas Arbitrage SA increased its stake in Euronet Worldwide by 9.0% in the third quarter. BNP Paribas Arbitrage SA now owns 14,080 shares of the company’s stock valued at $1,152,000 after buying an additional 1,158 shares during the last quarter. Finally, Aristotle Capital Boston LLC increased its stake in Euronet Worldwide by 3.7% in the second quarter. Aristotle Capital Boston LLC now owns 139,891 shares of the company’s stock valued at $9,679,000 after buying an additional 4,972 shares during the last quarter. Institutional investors and hedge funds own 89.92% of the company’s stock.
In other news, CEO Kevin J. Caponecchi sold 58,573 shares of Euronet Worldwide stock in a transaction on Wednesday, August 3rd. The stock was sold at an average price of $75.52, for a total transaction of $4,423,432.96. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP Jeffrey B. Newman sold 5,772 shares of Euronet Worldwide stock in a transaction on Tuesday, August 16th. The stock was sold at an average price of $77.80, for a total value of $449,061.60. The disclosure for this sale can be found here. Insiders own 7.30% of the company’s stock.
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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