FY2017 EPS Estimates for Euronet Worldwide, Inc. (EEFT) Lowered by Analyst
Euronet Worldwide, Inc. (NASDAQ:EEFT) – Equities researchers at William Blair dropped their FY2017 EPS estimates for Euronet Worldwide in a note issued to investors on Wednesday. William Blair analyst C. Shutler now forecasts that the business services provider will post earnings per share of $4.32 for the year, down from their previous estimate of $4.36.
Euronet Worldwide (NASDAQ:EEFT) last issued its quarterly earnings results on Wednesday, July 26th. The business services provider reported $1.09 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.08 by $0.01. Euronet Worldwide had a net margin of 8.23% and a return on equity of 23.14%. The business had revenue of $536.60 million for the quarter, compared to analyst estimates of $513.10 million. During the same period in the previous year, the business posted $0.97 earnings per share. The business’s revenue was up 12.5% compared to the same quarter last year.
A number of other equities analysts have also commented on the stock. Zacks Investment Research raised shares of Euronet Worldwide from a “hold” rating to a “buy” rating and set a $96.00 price target on the stock in a research report on Tuesday, April 11th. Lake Street Capital reissued a “buy” rating and issued a $99.00 price target (up previously from $96.00) on shares of Euronet Worldwide in a research report on Thursday. Finally, DA Davidson began coverage on shares of Euronet Worldwide in a research report on Wednesday, July 19th. They issued a “buy” rating and a $105.00 price target on the stock. Six equities research analysts have rated the stock with a buy rating, The company has a consensus rating of “Buy” and an average target price of $100.20.
Euronet Worldwide (NASDAQ EEFT) opened at 95.46 on Friday. The firm has a market capitalization of $5.00 billion, a price-to-earnings ratio of 29.76 and a beta of 1.33. Euronet Worldwide has a 52 week low of $70.51 and a 52 week high of $96.00. The stock’s 50 day moving average is $88.86 and its 200-day moving average is $83.45.
In other news, VP Jeffrey B. Newman sold 3,433 shares of Euronet Worldwide stock in a transaction that occurred on Wednesday, July 19th. The shares were sold at an average price of $92.00, for a total value of $315,836.00. Following the transaction, the vice president now owns 16,386 shares of the company’s stock, valued at $1,507,512. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, VP Jeffrey B. Newman sold 24,535 shares of Euronet Worldwide stock in a transaction that occurred on Monday, July 24th. The shares were sold at an average price of $92.01, for a total transaction of $2,257,465.35. Following the completion of the transaction, the vice president now directly owns 16,918 shares in the company, valued at approximately $1,556,625.18. The disclosure for this sale can be found here. In the last three months, insiders sold 46,094 shares of company stock worth $4,168,571. Insiders own 7.70% of the company’s stock.
Several institutional investors have recently added to or reduced their stakes in EEFT. Cambiar Investors LLC raised its position in Euronet Worldwide by 5.9% in the second quarter. Cambiar Investors LLC now owns 43,675 shares of the business services provider’s stock worth $3,816,000 after buying an additional 2,447 shares in the last quarter. Rothschild Asset Management Inc. raised its position in Euronet Worldwide by 8.5% in the second quarter. Rothschild Asset Management Inc. now owns 223,543 shares of the business services provider’s stock worth $19,531,000 after buying an additional 17,425 shares in the last quarter. NGAM Advisors L.P. raised its position in Euronet Worldwide by 0.3% in the second quarter. NGAM Advisors L.P. now owns 29,932 shares of the business services provider’s stock worth $2,616,000 after buying an additional 95 shares in the last quarter. Boston Advisors LLC purchased a new position in Euronet Worldwide during the second quarter worth approximately $10,961,000. Finally, Russell Investments Group Ltd. raised its position in Euronet Worldwide by 100.6% in the second quarter. Russell Investments Group Ltd. now owns 23,146 shares of the business services provider’s stock worth $2,023,000 after buying an additional 11,606 shares in the last quarter. 94.40% of the stock is currently owned by institutional investors.
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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