Q3 2017 EPS Estimates for Euronet Worldwide, Inc. Decreased by Analyst (EEFT)
Euronet Worldwide, Inc. (NASDAQ:EEFT) – Investment analysts at DA Davidson decreased their Q3 2017 earnings per share (EPS) estimates for shares of Euronet Worldwide in a report issued on Wednesday. DA Davidson analyst P. Heckmann now expects that the business services provider will post earnings per share of $1.54 for the quarter, down from their previous forecast of $1.55. DA Davidson has a “Buy” rating and a $105.00 price objective on the stock. DA Davidson also issued estimates for Euronet Worldwide’s Q4 2017 earnings at $1.10 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 return on equity of 22.32% and a net margin of 8.23%. The firm had revenue of $536.60 million for the quarter, compared to analysts’ expectations of $513.10 million. During the same period in the previous year, the firm posted $0.97 earnings per share. The business’s revenue was up 12.5% compared to the same quarter last year. WARNING: This article was first published by The Cerbat Gem and is the property of of The Cerbat Gem. If you are accessing this article on another website, it was illegally copied and reposted in violation of U.S. and international trademark & copyright legislation. The correct version of this article can be viewed at https://www.thecerbatgem.com/2017/09/20/q3-2017-eps-estimates-for-euronet-worldwide-inc-decreased-by-analyst-eeft.html.
EEFT has been the topic of a number of other reports. BidaskClub raised shares of Euronet Worldwide from a “buy” rating to a “strong-buy” rating in a research note on Monday, August 14th. Lake Street Capital reissued a “buy” rating and issued a $99.00 target price (up from $96.00) on shares of Euronet Worldwide in a research note on Thursday, July 27th. Finally, Zacks Investment Research raised shares of Euronet Worldwide from a “hold” rating to a “buy” rating and set a $102.00 target price on the stock in a research note on Monday, July 17th. One research analyst has rated the stock with a hold rating, five have issued a buy rating and one has given a strong buy rating to the company. The company has a consensus rating of “Buy” and a consensus price target of $100.20.
Shares of Euronet Worldwide (NASDAQ EEFT) opened at 98.02 on Monday. The stock has a 50 day moving average price of $97.00 and a 200 day moving average price of $88.97. Euronet Worldwide has a one year low of $70.51 and a one year high of $99.53. The company has a market capitalization of $5.15 billion, a PE ratio of 31.64 and a beta of 1.36.
A number of institutional investors have recently bought and sold shares of the stock. Wasatch Advisors Inc. increased its holdings in Euronet Worldwide by 8.0% in the 2nd quarter. Wasatch Advisors Inc. now owns 679,962 shares of the business services provider’s stock valued at $59,408,000 after purchasing an additional 50,205 shares during the last quarter. The Manufacturers Life Insurance Company increased its holdings in Euronet Worldwide by 7.3% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 1,696 shares of the business services provider’s stock valued at $149,000 after purchasing an additional 116 shares during the last quarter. Arrowstreet Capital Limited Partnership increased its holdings in Euronet Worldwide by 625.8% in the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 172,746 shares of the business services provider’s stock valued at $15,093,000 after purchasing an additional 148,946 shares during the last quarter. Cubist Systematic Strategies LLC increased its holdings in Euronet Worldwide by 20.4% in the 2nd quarter. Cubist Systematic Strategies LLC now owns 7,144 shares of the business services provider’s stock valued at $624,000 after purchasing an additional 1,209 shares during the last quarter. Finally, Dana Investment Advisors Inc. increased its holdings in Euronet Worldwide by 0.5% in the 2nd quarter. Dana Investment Advisors Inc. now owns 29,239 shares of the business services provider’s stock valued at $2,555,000 after purchasing an additional 156 shares during the last quarter. Hedge funds and other institutional investors own 93.90% of the company’s stock.
In related news, CFO Rick Weller sold 76,563 shares of Euronet Worldwide stock in a transaction that occurred on Thursday, August 31st. The shares were sold at an average price of $97.51, for a total value of $7,465,658.13. Following the completion of the sale, the chief financial officer now owns 81,221 shares in the company, valued at approximately $7,919,859.71. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Andrej Olechowski sold 10,276 shares of Euronet Worldwide stock in a transaction that occurred on Friday, September 8th. The shares were sold at an average price of $97.30, for a total transaction of $999,854.80. Following the completion of the sale, the director now owns 14,355 shares of the company’s stock, valued at approximately $1,396,741.50. The disclosure for this sale can be found here. Insiders have sold a total of 306,574 shares of company stock valued at $29,668,269 in the last 90 days. 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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