FY2017 EPS Estimates for Euronet Worldwide, Inc. Increased by Analyst (EEFT)
Euronet Worldwide, Inc. (NASDAQ:EEFT) – Equities research analysts at DA Davidson lifted their FY2017 EPS estimates for Euronet Worldwide in a research note issued to investors on Wednesday. DA Davidson analyst P. Heckmann now forecasts that the business services provider will post earnings of $4.35 per share for the year, up from their prior estimate of $4.34. DA Davidson has a “Buy” rating and a $105.00 price target on the stock. DA Davidson also issued estimates for Euronet Worldwide’s FY2018 earnings at $5.08 EPS.
Euronet Worldwide (NASDAQ:EEFT) last issued its earnings results on Wednesday, July 26th. The business services provider reported $1.09 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.08 by $0.01. Euronet Worldwide had a net margin of 8.23% and a return on equity of 22.32%. The firm had revenue of $536.60 million during the quarter, compared to analysts’ expectations of $513.10 million. During the same quarter last year, the company posted $0.97 earnings per share. The firm’s revenue was up 12.5% compared to the same quarter last year.
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A number of other brokerages have also recently weighed in on EEFT. BidaskClub upgraded shares of Euronet Worldwide from a “buy” rating to a “strong-buy” rating in a research note on Sunday, August 6th. Zacks Investment Research cut shares of Euronet Worldwide from a “buy” rating to a “hold” rating in a research note on Friday, July 28th. Finally, Lake Street Capital reiterated a “buy” rating and set a $99.00 price target (up previously from $96.00) on shares of Euronet Worldwide in a research note on Thursday, July 27th. One investment analyst has rated the stock with a hold rating, five have issued a buy rating and one has issued a strong buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $100.20.
Euronet Worldwide (EEFT) opened at 98.68 on Friday. Euronet Worldwide has a one year low of $70.51 and a one year high of $99.04. The stock has a market cap of $5.18 billion, a PE ratio of 31.85 and a beta of 1.36. The company’s 50 day moving average is $96.86 and its 200 day moving average is $88.66.
Several hedge funds have recently added to or reduced their stakes in the company. Vanguard Group Inc. lifted its stake in shares of Euronet Worldwide by 1.8% in the 2nd quarter. Vanguard Group Inc. now owns 3,958,608 shares of the business services provider’s stock worth $345,863,000 after acquiring an additional 69,689 shares during the period. Janus Henderson Group PLC acquired a new stake in shares of Euronet Worldwide in the 2nd quarter worth $329,644,000. FMR LLC lifted its stake in shares of Euronet Worldwide by 4.1% in the 2nd quarter. FMR LLC now owns 3,536,948 shares of the business services provider’s stock worth $309,023,000 after acquiring an additional 138,659 shares during the period. Janus Capital Management LLC lifted its stake in shares of Euronet Worldwide by 15.3% in the 1st quarter. Janus Capital Management LLC now owns 3,361,668 shares of the business services provider’s stock worth $287,489,000 after acquiring an additional 445,746 shares during the period. Finally, Victory Capital Management Inc. lifted its stake in shares of Euronet Worldwide by 3.9% in the 2nd quarter. Victory Capital Management Inc. now owns 2,683,263 shares of the business services provider’s stock worth $234,437,000 after acquiring an additional 100,544 shares during the period. Institutional investors own 93.96% of the company’s stock.
In other news, VP Jeffrey B. Newman sold 3,433 shares of the firm’s stock in a transaction 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 completion of the sale, the vice president now owns 16,386 shares in the company, valued at approximately $1,507,512. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Kevin J. Caponecchi sold 49,238 shares of the firm’s stock in a transaction on Tuesday, September 12th. The stock was sold at an average price of $97.67, for a total transaction of $4,809,075.46. Following the completion of the sale, the chief executive officer now owns 79,096 shares of the company’s stock, valued at approximately $7,725,306.32. The disclosure for this sale can be found here. Insiders sold a total of 306,574 shares of company stock valued at $29,668,269 in the last 90 days. Company insiders own 7.70% 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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