Q3 2016 EPS Estimates for Euronet Worldwide Inc. Raised by Analyst (EEFT)
Euronet Worldwide Inc. (NASDAQ:EEFT) – Equities researchers at William Blair lifted their Q3 2016 earnings per share (EPS) estimates for Euronet Worldwide in a note issued to investors on Tuesday. William Blair analyst C. Shutler now forecasts that the brokerage will earn $1.29 per share for the quarter, up from their prior estimate of $1.28.
Other equities research analysts have also issued research reports about the company. SunTrust Banks Inc. started coverage on Euronet Worldwide in a report on Wednesday. They issued a “buy” rating and a $98.00 price objective for the company. Zacks Investment Research raised Euronet Worldwide from a “hold” rating to a “buy” rating and set a $94.00 price objective for the company in a report on Wednesday. One investment analyst has rated the stock with a hold rating and nine have assigned a buy rating to the company. The company currently has an average rating of “Buy” and a consensus price target of $88.14.
Euronet Worldwide (NASDAQ:EEFT) opened at 83.13 on Thursday. Euronet Worldwide has a 52 week low of $52.00 and a 52 week high of $84.81. The firm’s 50-day moving average price is $80.44 and its 200 day moving average price is $76.80. The firm has a market cap of $4.33 billion, a P/E ratio of 30.21 and a beta of 1.49.
Euronet Worldwide (NASDAQ:EEFT) last issued its earnings results on Tuesday, July 26th. The company reported $0.97 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.90 by $0.07. The firm earned $476.90 million during the quarter, compared to the consensus estimate of $470.99 million. Euronet Worldwide had a return on equity of 22.65% and a net margin of 8.01%. The business’s quarterly revenue was up 12.2% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.78 earnings per share.
Hedge funds have recently modified their holdings of the stock. FMR LLC increased its stake in shares of Euronet Worldwide by 18.2% in the second quarter. FMR LLC now owns 3,522,098 shares of the company’s stock worth $243,694,000 after buying an additional 543,134 shares during the period. Oak Ridge Investments LLC acquired a new stake in shares of Euronet Worldwide during the second quarter worth about $31,130,000. Fiera Capital Corp acquired a new stake in shares of Euronet Worldwide during the second quarter worth about $24,582,000. Adage Capital Partners GP L.L.C. acquired a new stake in shares of Euronet Worldwide during the first quarter worth about $25,939,000. Finally, Teachers Advisors Inc. increased its stake in shares of Euronet Worldwide by 247.8% in the first quarter. Teachers Advisors Inc. now owns 261,758 shares of the company’s stock worth $19,399,000 after buying an additional 186,489 shares during the period. Hedge funds and other institutional investors own 89.92% of the company’s stock.
In other Euronet Worldwide news, CEO Kevin J. Caponecchi sold 58,573 shares of the firm’s stock in a transaction dated Wednesday, August 3rd. The stock was sold at an average price of $75.52, for a total value of $4,423,432.96. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, VP Jeffrey B. Newman sold 5,772 shares of Euronet Worldwide stock in a transaction dated Tuesday, August 16th. The shares were 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. 7.30% of the stock is owned by company insiders.
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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