Euronet Worldwide (NASDAQ:EEFT) was downgraded by stock analysts at William Blair from an “outperform” rating to a “market perform” rating in a research report issued on Monday, December 18th, Marketbeat.com reports. William Blair also issued estimates for Euronet Worldwide’s FY2017 earnings at $4.33 EPS and FY2018 earnings at $5.07 EPS.
A number of other research analysts have also commented on the company. Zacks Investment Research lowered Euronet Worldwide from a “buy” rating to a “hold” rating in a research report on Thursday, October 26th. Goldman Sachs Group initiated coverage on Euronet Worldwide in a research report on Thursday, December 14th. They set a “buy” rating and a $110.00 price target for the company. BidaskClub raised Euronet Worldwide from a “sell” rating to a “hold” rating in a research report on Thursday, December 7th. SunTrust Banks reaffirmed a “buy” rating and set a $120.00 price target on shares of Euronet Worldwide in a research report on Friday, October 6th. Finally, Piper Jaffray Companies reaffirmed a “buy” rating and set a $112.00 price target on shares of Euronet Worldwide in a research report on Sunday, October 22nd. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and seven have issued a buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average price target of $108.86.
Shares of Euronet Worldwide (NASDAQ EEFT) opened at $95.00 on Monday. The firm has a market capitalization of $5,014.71, a PE ratio of 25.13, a P/E/G ratio of 1.26 and a beta of 1.37. Euronet Worldwide has a fifty-two week low of $70.51 and a fifty-two week high of $101.07. The company has a current ratio of 1.48, a quick ratio of 1.44 and a debt-to-equity ratio of 0.50.
Euronet Worldwide (NASDAQ:EEFT) last issued its earnings results on Thursday, October 19th. The business services provider reported $1.61 earnings per share for the quarter, meeting the consensus estimate of $1.61. The company had revenue of $637.90 million during the quarter, compared to analysts’ expectations of $595.09 million. Euronet Worldwide had a return on equity of 22.46% and a net margin of 9.63%. Euronet Worldwide’s quarterly revenue was up 21.7% compared to the same quarter last year. During the same period in the prior year, the business posted $1.35 EPS. equities analysts predict that Euronet Worldwide will post 4.33 earnings per share for the current fiscal year.
In related news, CEO Nikos Fountas sold 296 shares of the firm’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 of the company’s stock, valued at approximately $50,600. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, CEO Michael J. Brown sold 2,400 shares of the firm’s stock in a transaction that occurred on Friday, October 20th. The shares were sold at an average price of $100.00, for a total value of $240,000.00. Following the transaction, the chief executive officer now directly owns 1,603,486 shares of the company’s stock, valued at approximately $160,348,600. The disclosure for this sale can be found here. Insiders sold a total of 94,235 shares of company stock valued at $9,201,216 in the last three months. Corporate insiders own 7.70% of the company’s stock.
A number of institutional investors and hedge funds have recently modified their holdings of EEFT. Bristlecone Advisors LLC purchased a new stake in Euronet Worldwide during the 3rd quarter valued at $113,000. Fiduciary Trust Co. purchased a new stake in Euronet Worldwide during the 2nd quarter valued at $122,000. The Manufacturers Life Insurance Company boosted its stake in Euronet Worldwide by 7.3% during the 2nd 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 during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in Euronet Worldwide by 10.3% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,796 shares of the business services provider’s stock valued at $157,000 after purchasing an additional 167 shares during the last quarter. Finally, Turner Investments LLC purchased a new position in shares of Euronet Worldwide in the 3rd quarter worth $174,000. Institutional investors and hedge funds own 95.17% of the company’s stock.
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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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