Brokerages Expect Euronet Worldwide, Inc. (EEFT) to Announce $0.73 EPS
Analysts predict that Euronet Worldwide, Inc. (NASDAQ:EEFT) will post earnings of $0.73 per share for the current quarter, according to Zacks Investment Research. Four analysts have made estimates for Euronet Worldwide’s earnings, with estimates ranging from $0.72 to $0.73. Euronet Worldwide also posted earnings of $0.73 per share during the same quarter last year. The firm is expected to report its next quarterly earnings results on Tuesday, April 24th.
On average, analysts expect that Euronet Worldwide will report full-year earnings of $5.20 per share for the current financial year, with EPS estimates ranging from $5.10 to $5.31. For the next financial year, analysts forecast that the company will report earnings of $5.93 per share, with EPS estimates ranging from $5.75 to $6.07. Zacks’ EPS averages are a mean average based on a survey of sell-side research analysts that follow Euronet Worldwide.
Euronet Worldwide (NASDAQ:EEFT) last announced its quarterly earnings results on Wednesday, February 7th. The business services provider reported $1.13 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.12 by $0.01. The firm had revenue of $604.60 million during the quarter, compared to the consensus estimate of $609.53 million. Euronet Worldwide had a return on equity of 21.76% and a net margin of 6.97%. The firm’s quarterly revenue was up 16.3% compared to the same quarter last year. During the same period in the prior year, the company posted $0.99 earnings per share.
In related news, CEO Nikos Fountas sold 296 shares of the business’s stock in a transaction that occurred on Thursday, December 14th. The stock was sold at an average price of $92.00, for a total transaction of $27,232.00. Following the completion of the transaction, the chief executive officer now owns 550 shares in the company, valued at approximately $50,600. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Michael J. Brown sold 20,000 shares of the business’s stock in a transaction that occurred on Monday, February 12th. The shares were sold at an average price of $79.63, for a total value of $1,592,600.00. Following the transaction, the chief executive officer now owns 1,502,348 shares of the company’s stock, valued at approximately $119,631,971.24. The disclosure for this sale can be found here. In the last quarter, insiders sold 108,297 shares of company stock valued at $9,408,404. Insiders own 7.70% of the company’s stock.
Several hedge funds and other institutional investors have recently modified their holdings of the stock. The Manufacturers Life Insurance Company grew its stake in Euronet Worldwide by 7.3% in the second 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 in the last quarter. Campbell Newman Asset Management Inc. grew its stake in shares of Euronet Worldwide by 22.3% in the 4th quarter. Campbell Newman Asset Management Inc. now owns 4,009 shares of the business services provider’s stock valued at $338,000 after purchasing an additional 732 shares during the period. FDx Advisors Inc. grew its position in Euronet Worldwide by 5.1% during the 4th quarter. FDx Advisors Inc. now owns 15,514 shares of the business services provider’s stock worth $1,307,000 after acquiring an additional 751 shares during the last quarter. Cambiar Investors LLC grew its position in Euronet Worldwide by 1.8% during the 3rd quarter. Cambiar Investors LLC now owns 44,460 shares of the business services provider’s stock worth $4,214,000 after acquiring an additional 785 shares during the last quarter. Finally, Macquarie Group Ltd. lifted its holdings in Euronet Worldwide by 22.8% during the 3rd quarter. Macquarie Group Ltd. now owns 4,250 shares of the business services provider’s stock worth $403,000 after buying an additional 788 shares in the last quarter. Institutional investors and hedge funds own 98.88% of the company’s stock.
Shares of Euronet Worldwide (EEFT) traded up $0.94 on Friday, reaching $88.29. The company had a trading volume of 367,417 shares, compared to its average volume of 647,685. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.34 and a quick ratio of 1.44. The firm has a market capitalization of $4,539.87, a P/E ratio of 31.42, a price-to-earnings-growth ratio of 1.18 and a beta of 1.49. Euronet Worldwide has a 52-week low of $76.26 and a 52-week high of $101.07.
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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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