Zacks: Brokerages Anticipate Euronet Worldwide, Inc. (NASDAQ:EEFT) Will Post Quarterly Sales of $618.19 Million
Equities research analysts forecast that Euronet Worldwide, Inc. (NASDAQ:EEFT) will announce $618.19 million in sales for the current quarter, Zacks Investment Research reports. Three analysts have issued estimates for Euronet Worldwide’s earnings, with the lowest sales estimate coming in at $607.26 million and the highest estimate coming in at $625.00 million. Euronet Worldwide posted sales of $583.90 million during the same quarter last year, which would indicate a positive year over year growth rate of 5.9%. The firm is expected to report its next earnings results on Tuesday, April 27th.
On average, analysts expect that Euronet Worldwide will report full year sales of $2.84 billion for the current fiscal year, with estimates ranging from $2.73 billion to $2.93 billion. For the next fiscal year, analysts anticipate that the firm will post sales of $3.44 billion, with estimates ranging from $3.35 billion to $3.53 billion. Zacks’ sales calculations are an average based on a survey of sell-side analysts that that provide coverage for Euronet Worldwide.
Euronet Worldwide (NASDAQ:EEFT) last announced its earnings results on Monday, February 8th. The business services provider reported $1.11 earnings per share for the quarter, beating analysts’ consensus estimates of $0.72 by $0.39. Euronet Worldwide had a net margin of 1.33% and a return on equity of 12.31%. The business had revenue of $706.60 million for the quarter, compared to the consensus estimate of $654.94 million. During the same period last year, the firm posted $1.63 earnings per share. Euronet Worldwide’s quarterly revenue was up 1.9% on a year-over-year basis.
In other Euronet Worldwide news, Director Andrzej Olechowski sold 2,496 shares of the stock in a transaction that occurred on Wednesday, November 25th. The stock was sold at an average price of $134.99, for a total transaction of $336,935.04. Following the transaction, the director now owns 10,000 shares in the company, valued at $1,349,900. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 6.30% of the company’s stock.
Hedge funds have recently modified their holdings of the business. CWM LLC purchased a new position in Euronet Worldwide during the fourth quarter worth approximately $40,000. Acadian Asset Management LLC acquired a new position in shares of Euronet Worldwide during the third quarter valued at approximately $30,000. TD Ameritrade Investment Management LLC acquired a new position in shares of Euronet Worldwide during the fourth quarter valued at approximately $60,000. Knuff & Co LLC acquired a new position in shares of Euronet Worldwide during the third quarter valued at approximately $64,000. Finally, Banque Cantonale Vaudoise raised its holdings in shares of Euronet Worldwide by 130.1% during the third quarter. Banque Cantonale Vaudoise now owns 750 shares of the business services provider’s stock valued at $68,000 after acquiring an additional 424 shares during the last quarter. Institutional investors own 92.94% of the company’s stock.
Shares of EEFT traded up $0.34 during trading hours on Thursday, hitting $152.40. The company had a trading volume of 8,979 shares, compared to its average volume of 326,715. The firm has a fifty day moving average price of $139.90 and a 200-day moving average price of $117.57. The company has a debt-to-equity ratio of 0.87, a quick ratio of 1.85 and a current ratio of 1.85. The stock has a market capitalization of $7.97 billion, a price-to-earnings ratio of 286.91 and a beta of 1.60. Euronet Worldwide has a 52-week low of $61.27 and a 52-week high of $152.73.
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's Electronic Fund Transfer (EFT) Processing segment provides electronic payment solutions, including automated teller machine (ATM) cash withdrawal and deposit services, ATM network participation, outsourced ATM and point-of-sale (POS) management solutions, credit and debit card outsourcing, card issuing, and merchant acquiring services.
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