Analysts Expect Euronet Worldwide, Inc. (EEFT) Will Post Earnings of $2.10 Per Share
Analysts expect Euronet Worldwide, Inc. (NASDAQ:EEFT) to report $2.10 earnings per share (EPS) for the current quarter, according to Zacks. Six analysts have issued estimates for Euronet Worldwide’s earnings. Euronet Worldwide reported earnings per share of $1.61 in the same quarter last year, which indicates a positive year over year growth rate of 30.4%. The company is scheduled to announce its next quarterly earnings results on Thursday, October 18th.
On average, analysts expect that Euronet Worldwide will report full-year earnings of $5.39 per share for the current fiscal year, with EPS estimates ranging from $5.35 to $5.42. For the next fiscal year, analysts expect that the business will report earnings of $6.16 per share, with EPS estimates ranging from $6.00 to $6.38. Zacks Investment Research’s EPS calculations 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 data on Tuesday, July 24th. The business services provider reported $1.32 earnings per share for the quarter, meeting the consensus estimate of $1.32. Euronet Worldwide had a net margin of 6.11% and a return on equity of 21.71%. The firm had revenue of $622.20 million for the quarter, compared to analyst estimates of $618.93 million. During the same quarter in the prior year, the business earned $1.09 earnings per share. The business’s quarterly revenue was up 16.0% compared to the same quarter last year.
In other news, CFO Rick Weller sold 26,278 shares of the business’s stock in a transaction dated Thursday, August 30th. The shares were sold at an average price of $97.00, for a total transaction of $2,548,966.00. Following the completion of the sale, the chief financial officer now directly owns 77,763 shares of the company’s stock, valued at $7,543,011. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CEO Michael J. Brown sold 25,000 shares of the business’s stock in a transaction dated Friday, July 27th. The stock was sold at an average price of $93.27, for a total transaction of $2,331,750.00. The disclosure for this sale can be found here. Over the last three months, insiders have sold 161,287 shares of company stock valued at $15,449,270. 7.70% of the stock is currently owned by insiders.
A number of hedge funds have recently modified their holdings of EEFT. Wasatch Advisors Inc. grew its position in Euronet Worldwide by 154.3% in the 2nd quarter. Wasatch Advisors Inc. now owns 2,835,150 shares of the business services provider’s stock worth $237,501,000 after purchasing an additional 1,720,465 shares in the last quarter. Wells Fargo & Company MN grew its position in Euronet Worldwide by 20.3% in the 1st quarter. Wells Fargo & Company MN now owns 2,699,640 shares of the business services provider’s stock worth $213,057,000 after purchasing an additional 456,305 shares in the last quarter. Hood River Capital Management LLC bought a new stake in Euronet Worldwide in the 1st quarter worth about $33,347,000. Janus Henderson Group PLC grew its position in Euronet Worldwide by 7.5% in the 2nd quarter. Janus Henderson Group PLC now owns 3,777,040 shares of the business services provider’s stock worth $316,403,000 after purchasing an additional 264,170 shares in the last quarter. Finally, Point72 Asset Management L.P. bought a new stake in Euronet Worldwide in the 1st quarter worth about $20,693,000. 99.33% of the stock is owned by institutional investors and hedge funds.
Shares of NASDAQ EEFT traded up $0.95 during trading on Friday, hitting $97.84. 3,106 shares of the company traded hands, compared to its average volume of 227,718. Euronet Worldwide has a fifty-two week low of $70.67 and a fifty-two week high of $101.07. The firm has a market capitalization of $4.93 billion, a P/E ratio of 22.60, a P/E/G ratio of 1.41 and a beta of 1.49. The company has a current ratio of 1.18, a quick ratio of 1.18 and a debt-to-equity ratio of 0.36.
Euronet Worldwide Company Profile
Euronet Worldwide, Inc provides payment and transaction processing and distribution solutions to financial institutions, retailers, service providers, and individual consumers worldwide. The company operates in three segments: Electronic Financial Transaction (EFT) Processing, epay, and Money Transfer.
Read More: Calculate Your Return on Investment (ROI)
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for Euronet Worldwide Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Euronet Worldwide and related companies with MarketBeat.com's FREE daily email newsletter.