$688.12 Million in Sales Expected for Euronet Worldwide, Inc. (NASDAQ:EEFT) This Quarter

Equities analysts predict that Euronet Worldwide, Inc. (NASDAQ:EEFT) will post sales of $688.12 million for the current quarter, according to Zacks. Two analysts have made estimates for Euronet Worldwide’s earnings. The lowest sales estimate is $686.00 million and the highest is $690.23 million. Euronet Worldwide reported sales of $527.80 million in the same quarter last year, which indicates a positive year over year growth rate of 30.4%. The company is scheduled to announce its next quarterly earnings report on Wednesday, August 4th.

On average, analysts expect that Euronet Worldwide will report full year sales of $2.88 billion for the current year, with estimates ranging from $2.80 billion to $2.97 billion. For the next financial year, analysts forecast that the business will post sales of $3.56 billion. Zacks Investment Research’s sales calculations are an average based on a survey of analysts that that provide coverage for Euronet Worldwide.

Euronet Worldwide (NASDAQ:EEFT) last posted its quarterly earnings results on Thursday, April 29th. The business services provider reported $0.23 EPS for the quarter, missing the Zacks’ consensus estimate of $0.41 by ($0.18). Euronet Worldwide had a positive return on equity of 8.39% and a negative net margin of 0.55%. The business had revenue of $652.70 million during the quarter, compared to analysts’ expectations of $614.78 million.

A number of analysts have issued reports on EEFT shares. Needham & Company LLC lifted their price objective on Euronet Worldwide from $170.00 to $185.00 and gave the stock a “buy” rating in a research note on Thursday, March 4th. Truist lifted their price objective on Euronet Worldwide from $195.00 to $225.00 in a research note on Thursday, February 11th. Wells Fargo & Company lifted their price objective on Euronet Worldwide from $165.00 to $180.00 and gave the stock an “overweight” rating in a research note on Wednesday, March 17th. TheStreet downgraded Euronet Worldwide from a “b-” rating to a “c+” rating in a research note on Thursday, April 1st. Finally, DA Davidson lifted their price objective on Euronet Worldwide from $166.00 to $180.00 and gave the stock a “buy” rating in a research note on Wednesday, March 17th. One analyst has rated the stock with a sell rating, one has given a hold rating and seven have given a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average target price of $155.73.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Ameritas Investment Company LLC bought a new position in shares of Euronet Worldwide during the 1st quarter valued at approximately $31,000. CWM LLC purchased a new position in Euronet Worldwide during the 4th quarter valued at $40,000. Whittier Trust Co. purchased a new position in Euronet Worldwide during the 1st quarter valued at $41,000. Harvest Fund Management Co. Ltd purchased a new position in Euronet Worldwide during the 1st quarter valued at $52,000. Finally, Quantbot Technologies LP purchased a new position in Euronet Worldwide during the 1st quarter valued at $52,000. 92.08% of the stock is currently owned by hedge funds and other institutional investors.

NASDAQ EEFT traded down $1.52 during trading hours on Friday, reaching $155.44. The company’s stock had a trading volume of 238,688 shares, compared to its average volume of 338,797. The business’s 50-day moving average is $146.12. The company has a quick ratio of 1.76, a current ratio of 1.76 and a debt-to-equity ratio of 0.81. Euronet Worldwide has a 1 year low of $86.06 and a 1 year high of $167.71. The stock has a market cap of $8.21 billion, a P/E ratio of -570.05 and a beta of 1.66.

Euronet Worldwide Company Profile

Euronet Worldwide, Inc provides payment and transaction processing and distribution solutions to financial institutions, agents, retailers, merchants, content providers, and individual consumers worldwide. The company's 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 card outsourcing, card issuing, and merchant acquiring services.

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

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