Euronet Worldwide (NASDAQ:EEFT) Releases Quarterly Earnings Results, Beats Estimates By $0.11 EPS

Euronet Worldwide (NASDAQ:EEFT) released its quarterly earnings data on Wednesday. The business services provider reported $3.03 earnings per share for the quarter, topping analysts’ consensus estimates of $2.92 by $0.11, Briefing.com reports. The business had revenue of $1.11 billion for the quarter, compared to analysts’ expectations of $1.04 billion. Euronet Worldwide had a net margin of 7.46% and a return on equity of 27.81%. During the same quarter last year, the company earned $2.53 EPS.

Euronet Worldwide Stock Down 1.7 %

EEFT stock traded down $1.76 during mid-day trading on Friday, hitting $100.50. The stock had a trading volume of 399,843 shares, compared to its average volume of 306,077. Euronet Worldwide has a 1-year low of $75.41 and a 1-year high of $117.66. The company has a fifty day moving average of $100.47 and a 200 day moving average of $104.32. The company has a current ratio of 1.19, a quick ratio of 1.19 and a debt-to-equity ratio of 0.85. The stock has a market capitalization of $4.61 billion, a price-to-earnings ratio of 18.00 and a beta of 1.46.

Analysts Set New Price Targets

A number of brokerages have issued reports on EEFT. StockNews.com lowered Euronet Worldwide from a “buy” rating to a “hold” rating in a research note on Friday, August 9th. Oppenheimer assumed coverage on Euronet Worldwide in a research note on Tuesday, October 1st. They set an “outperform” rating and a $121.00 target price for the company. Needham & Company LLC dropped their price target on shares of Euronet Worldwide from $125.00 to $120.00 and set a “buy” rating on the stock in a research report on Thursday. Monness Crespi & Hardt upped their price target on shares of Euronet Worldwide from $140.00 to $145.00 and gave the company a “neutral” rating in a report on Monday, July 22nd. Finally, Citigroup cut shares of Euronet Worldwide from a “buy” rating to a “neutral” rating and lowered their price objective for the stock from $118.00 to $110.00 in a research note on Friday, October 18th. Five research analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. Based on data from MarketBeat, Euronet Worldwide currently has an average rating of “Moderate Buy” and a consensus target price of $125.38.

Insider Buying and Selling

In other Euronet Worldwide news, Director Thomas A. Mcdonnell purchased 3,206 shares of the business’s stock in a transaction dated Monday, August 5th. The shares were acquired at an average price of $93.86 per share, for a total transaction of $300,915.16. Following the acquisition, the director now owns 90,000 shares of the company’s stock, valued at $8,447,400. This trade represents a 0.00 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In related news, Director Thomas A. Mcdonnell acquired 3,206 shares of the stock in a transaction dated Monday, August 5th. The shares were acquired at an average price of $93.86 per share, with a total value of $300,915.16. Following the acquisition, the director now owns 90,000 shares in the company, valued at approximately $8,447,400. The trade was a 0.00 % increase in their position. The purchase was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Juan Bianchi sold 4,000 shares of the business’s stock in a transaction that occurred on Thursday, September 5th. The stock was sold at an average price of $102.58, for a total value of $410,320.00. Following the completion of the sale, the chief executive officer now owns 12,440 shares of the company’s stock, valued at approximately $1,276,095.20. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 10.50% of the stock is currently owned by corporate insiders.

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. It operates through three segments: Electronic Fund Transfer Processing, epay, and Money Transfer. The Electronic Fund Transfer 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 and prepaid card outsourcing, card issuing, and merchant acquiring services.