Brokerages expect Euronet Worldwide, Inc. (NASDAQ:EEFT) to announce sales of $691.90 million for the current fiscal quarter, Zacks reports. Six analysts have provided estimates for Euronet Worldwide’s earnings, with estimates ranging from $670.10 million to $731.00 million. Euronet Worldwide posted sales of $622.20 million during the same quarter last year, which would indicate a positive year-over-year growth rate of 11.2%. The business is expected to announce its next earnings results before the market opens on Wednesday, July 24th.
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 $2.72 billion to $2.98 billion. For the next year, analysts forecast that the company will report sales of $3.17 billion, with estimates ranging from $2.95 billion to $3.39 billion. Zacks Investment Research’s sales averages are a mean average based on a survey of sell-side research firms that that provide coverage for Euronet Worldwide.
Euronet Worldwide (NASDAQ:EEFT) last posted its quarterly earnings data on Monday, April 29th. The business services provider reported $0.85 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.83 by $0.02. Euronet Worldwide had a return on equity of 24.83% and a net margin of 9.40%. The firm had revenue of $577.50 million for the quarter, compared to the consensus estimate of $602.73 million. During the same quarter in the prior year, the business earned $0.73 EPS. The business’s revenue for the quarter was up 4.9% compared to the same quarter last year.
Several research analysts have issued reports on the company. Wells Fargo & Co reduced their price objective on MSC Industrial Direct from $85.00 to $80.00 and set a “market perform” rating on the stock in a report on Thursday, April 11th. DA Davidson upped their price objective on Lululemon Athletica to $180.00 and gave the stock a “neutral” rating in a report on Thursday, June 13th. Finally, BidaskClub downgraded Xencor from a “sell” rating to a “strong sell” rating in a report on Tuesday, June 11th. One analyst has rated the stock with a hold rating and ten have given a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average target price of $152.74.
NASDAQ:EEFT traded down $0.95 during trading hours on Friday, hitting $168.41. 260,715 shares of the stock were exchanged, compared to its average volume of 477,070. The company’s 50 day moving average is $161.93. Euronet Worldwide has a twelve month low of $82.72 and a twelve month high of $171.25. The company has a debt-to-equity ratio of 0.50, a current ratio of 1.28 and a quick ratio of 1.28. The firm has a market capitalization of $8.80 billion, a P/E ratio of 31.72, a P/E/G ratio of 1.90 and a beta of 1.16.
In other Euronet Worldwide news, VP Jeffrey B. Newman sold 5,461 shares of the company’s stock in a transaction on Friday, June 7th. The stock was sold at an average price of $161.12, for a total transaction of $879,876.32. The transaction was disclosed in a filing with the SEC, which is available at this link. 6.40% of the stock is currently owned by corporate insiders.
Hedge funds have recently bought and sold shares of the company. Meridian Wealth Management LLC acquired a new position in shares of Euronet Worldwide in the 1st quarter valued at $43,000. Flagship Harbor Advisors LLC acquired a new position in shares of Euronet Worldwide in the 1st quarter valued at $45,000. Captrust Financial Advisors lifted its stake in shares of Euronet Worldwide by 163.0% in the 4th quarter. Captrust Financial Advisors now owns 668 shares of the business services provider’s stock valued at $68,000 after purchasing an additional 414 shares during the period. Tortoise Index Solutions LLC acquired a new position in shares of Euronet Worldwide in the 1st quarter valued at $105,000. Finally, Advisory Services Network LLC lifted its stake in shares of Euronet Worldwide by 7,142.9% in the 4th quarter. Advisory Services Network LLC now owns 1,014 shares of the business services provider’s stock valued at $104,000 after purchasing an additional 1,000 shares during the period. 99.50% of the stock is currently owned by institutional investors.
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 Financial Transaction (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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