Euronet Worldwide, Inc. (EEFT) to Post FY2017 Earnings of $4.32 Per Share, DA Davidson Forecasts
Euronet Worldwide, Inc. (NASDAQ:EEFT) – Equities researchers at DA Davidson reduced their FY2017 earnings estimates for shares of Euronet Worldwide in a research report issued on Monday. DA Davidson analyst P. Heckmann now expects that the business services provider will post earnings per share of $4.32 for the year, down from their previous estimate of $4.35. DA Davidson currently has a “Buy” rating and a $105.00 target price on the stock. DA Davidson also issued estimates for Euronet Worldwide’s Q4 2017 earnings at $1.06 EPS, Q1 2018 earnings at $0.78 EPS, Q2 2018 earnings at $1.18 EPS, Q3 2018 earnings at $1.91 EPS and Q4 2018 earnings at $1.22 EPS.
EEFT has been the topic of a number of other research reports. Piper Jaffray Companies reissued a “buy” rating and issued a $112.00 price target on shares of Euronet Worldwide in a research note on Sunday. Zacks Investment Research raised shares of Euronet Worldwide from a “hold” rating to a “buy” rating and set a $106.00 price target on the stock in a research note on Tuesday, September 26th. SunTrust Banks, Inc. reissued a “buy” rating and issued a $120.00 price target on shares of Euronet Worldwide in a research note on Friday, October 6th. BidaskClub raised shares of Euronet Worldwide from a “buy” rating to a “strong-buy” rating in a research note on Monday, August 14th. Finally, Northland Securities reissued a “buy” rating and issued a $110.00 price target on shares of Euronet Worldwide in a research note on Thursday, October 19th. Seven equities research analysts have rated the stock with a buy rating and one has given a strong buy rating to the stock. Euronet Worldwide presently has an average rating of “Buy” and an average price target of $108.67.
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Euronet Worldwide (NASDAQ EEFT) opened at 96.9221 on Thursday. The stock has a 50 day moving average of $96.92 and a 200 day moving average of $91.32. Euronet Worldwide has a 12-month low of $70.51 and a 12-month high of $101.07. The stock has a market cap of $5.09 billion, a P/E ratio of 31.2854 and a beta of 1.34.
Euronet Worldwide (NASDAQ:EEFT) last released its earnings results on Thursday, October 19th. The business services provider reported $1.61 EPS for the quarter, hitting the consensus estimate of $1.61. Euronet Worldwide had a net margin of 9.63% and a return on equity of 23.76%. The firm had revenue of $637.90 million for the quarter, compared to the consensus estimate of $595.09 million. During the same quarter in the previous year, the firm earned $1.35 earnings per share. The company’s quarterly revenue was up 21.7% compared to the same quarter last year.
Hedge funds and other institutional investors have recently bought and sold shares of the company. Bristlecone Advisors LLC purchased a new position in shares of Euronet Worldwide during the 3rd quarter worth $113,000. Fiduciary Trust Co. purchased a new position in shares of Euronet Worldwide during the 2nd quarter worth $122,000. The Manufacturers Life Insurance Company raised its holdings in shares of Euronet Worldwide by 7.3% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 1,696 shares of the business services provider’s stock worth $149,000 after acquiring an additional 116 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in shares of Euronet Worldwide by 10.3% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,796 shares of the business services provider’s stock worth $157,000 after acquiring an additional 167 shares during the period. Finally, World Asset Management Inc purchased a new position in shares of Euronet Worldwide during the 2nd quarter worth $201,000. Institutional investors and hedge funds own 93.89% of the company’s stock.
In other Euronet Worldwide news, CEO Nikos Fountas sold 20,789 shares of the firm’s stock in a transaction on Monday, August 7th. The stock was sold at an average price of $96.72, for a total value of $2,010,712.08. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Andrej Olechowski sold 10,276 shares of the firm’s stock in a transaction on Friday, September 8th. The shares were sold at an average price of $97.30, for a total value of $999,854.80. Following the completion of the transaction, the director now owns 14,355 shares in the company, valued at approximately $1,396,741.50. The disclosure for this sale can be found here. Insiders sold a total of 344,544 shares of company stock worth $33,692,580 in the last 90 days. 7.70% of the stock is currently owned by 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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