Equities analysts predict that Euronet Worldwide, Inc. (NASDAQ:EEFT) will report $602.50 million in sales for the current fiscal quarter, according to Zacks Investment Research. Six analysts have issued estimates for Euronet Worldwide’s earnings. The highest sales estimate is $619.00 million and the lowest is $590.35 million. Euronet Worldwide reported sales of $550.50 million during the same quarter last year, which would suggest a positive year over year growth rate of 9.4%. The business is scheduled to report its next quarterly earnings report on Tuesday, April 23rd.

On average, analysts expect that Euronet Worldwide will report full year sales of $2.93 billion for the current fiscal year, with estimates ranging from $2.81 billion to $3.09 billion. For the next fiscal year, analysts anticipate that the firm will post sales of $3.36 billion, with estimates ranging from $3.15 billion to $3.60 billion. Zacks Investment Research’s sales calculations are an average based on a survey of analysts that follow Euronet Worldwide.

Euronet Worldwide (NASDAQ:EEFT) last issued its earnings results on Thursday, February 7th. The business services provider reported $1.37 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.21 by $0.16. The firm had revenue of $649.40 million during the quarter, compared to the consensus estimate of $663.82 million. Euronet Worldwide had a return on equity of 25.05% and a net margin of 9.18%. The business’s quarterly revenue was up 7.4% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.13 earnings per share.

EEFT has been the subject of several research analyst reports. Zacks Investment Research downgraded Euronet Worldwide from a “buy” rating to a “hold” rating in a research note on Friday, December 7th. BidaskClub raised Euronet Worldwide from a “buy” rating to a “strong-buy” rating in a research note on Tuesday, November 27th. Piper Jaffray Companies upped their price objective on Euronet Worldwide to $159.00 in a research note on Tuesday, March 5th. Needham & Company LLC reaffirmed a “buy” rating and issued a $160.00 price objective (up previously from $135.00) on shares of Euronet Worldwide in a research note on Monday, February 11th. Finally, SunTrust Banks upped their price objective on Euronet Worldwide to $145.00 and gave the company a “buy” rating in a research note on Monday, February 11th. One equities research analyst has rated the stock with a hold rating, ten have issued a buy rating and one has given a strong buy rating to the company. Euronet Worldwide has an average rating of “Buy” and a consensus target price of $142.50.

Several institutional investors have recently added to or reduced their stakes in the company. Norges Bank acquired a new position in shares of Euronet Worldwide in the fourth quarter valued at approximately $43,343,000. Advisory Services Network LLC increased its stake in shares of Euronet Worldwide by 7,142.9% in the fourth quarter. Advisory Services Network LLC now owns 1,014 shares of the business services provider’s stock valued at $104,000 after buying an additional 1,000 shares during the period. Amalgamated Bank increased its stake in shares of Euronet Worldwide by 26.0% in the fourth quarter. Amalgamated Bank now owns 10,085 shares of the business services provider’s stock valued at $1,033,000 after buying an additional 2,081 shares during the period. Public Employees Retirement System of Ohio boosted its holdings in Euronet Worldwide by 25.1% in the fourth quarter. Public Employees Retirement System of Ohio now owns 265,286 shares of the business services provider’s stock valued at $27,160,000 after acquiring an additional 53,144 shares during the last quarter. Finally, Millennium Management LLC boosted its holdings in Euronet Worldwide by 1,511.8% in the fourth quarter. Millennium Management LLC now owns 158,922 shares of the business services provider’s stock valued at $16,270,000 after acquiring an additional 149,062 shares during the last quarter.

Shares of NASDAQ EEFT opened at $140.47 on Tuesday. The company has a debt-to-equity ratio of 0.49, a current ratio of 1.51 and a quick ratio of 1.51. The stock has a market cap of $7.17 billion, a price-to-earnings ratio of 26.45, a price-to-earnings-growth ratio of 1.56 and a beta of 1.27. Euronet Worldwide has a 12 month low of $70.67 and a 12 month high of $143.17.

About Euronet Worldwide

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.

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Earnings History and Estimates for Euronet Worldwide (NASDAQ:EEFT)

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