Euronet Worldwide, Inc. (NASDAQ:EEFT) Expected to Announce Quarterly Sales of $688.12 Million

Brokerages expect Euronet Worldwide, Inc. (NASDAQ:EEFT) to announce sales of $688.12 million for the current quarter, Zacks Investment Research reports. Two analysts have provided estimates for Euronet Worldwide’s earnings, with the highest sales estimate coming in at $690.23 million and the lowest estimate coming in at $686.00 million. Euronet Worldwide reported sales of $527.80 million during the same quarter last year, which indicates a positive year over year growth rate of 30.4%. The business is scheduled to issue its next quarterly earnings results on Wednesday, August 4th.

On average, analysts expect that Euronet Worldwide will report full year sales of $2.88 billion for the current fiscal year, with estimates ranging from $2.80 billion to $2.97 billion. For the next financial year, analysts expect that the business will report sales of $3.56 billion. Zacks’ sales calculations are a mean average based on a survey of sell-side analysts that cover Euronet Worldwide.

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

A number of equities analysts recently weighed in on the company. Wells Fargo & Company increased their price target on Euronet Worldwide from $165.00 to $180.00 and gave the company an “overweight” rating in a research report on Wednesday, March 17th. Needham & Company LLC increased their price target on Euronet Worldwide from $170.00 to $185.00 and gave the company a “buy” rating in a research report on Thursday, March 4th. TheStreet lowered Euronet Worldwide from a “b-” rating to a “c+” rating in a research report on Thursday, April 1st. Zacks Investment Research lowered Euronet Worldwide from a “hold” rating to a “strong sell” rating and set a $121.00 price objective for the company. in a research report on Wednesday, May 5th. Finally, Truist raised their price objective on Euronet Worldwide from $195.00 to $225.00 in a research report on Thursday, February 11th. One research analyst has rated the stock with a sell rating, one has issued a hold rating and seven have issued a buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus target price of $155.73.

Institutional investors and hedge funds have recently bought and sold shares of the company. Illinois Municipal Retirement Fund raised its stake in shares of Euronet Worldwide by 108.9% during the 4th quarter. Illinois Municipal Retirement Fund now owns 9,660 shares of the business services provider’s stock worth $1,400,000 after purchasing an additional 5,035 shares in the last quarter. FIL Ltd bought a new position in shares of Euronet Worldwide in the 4th quarter valued at approximately $14,512,000. Strs Ohio bought a new position in shares of Euronet Worldwide in the 1st quarter valued at approximately $1,388,000. Alyeska Investment Group L.P. bought a new position in shares of Euronet Worldwide in the 4th quarter valued at approximately $5,221,000. Finally, Icon Advisers Inc. Co. raised its stake in shares of Euronet Worldwide by 9.5% in the 4th quarter. Icon Advisers Inc. Co. now owns 67,977 shares of the business services provider’s stock valued at $9,851,000 after acquiring an additional 5,900 shares in the last quarter. 92.08% of the stock is owned by institutional investors.

Shares of NASDAQ:EEFT traded down $1.52 during midday trading on Friday, reaching $155.44. The company had a trading volume of 238,688 shares, compared to its average volume of 338,797. The company has a debt-to-equity ratio of 0.81, a quick ratio of 1.76 and a current ratio of 1.76. Euronet Worldwide has a 1-year low of $86.06 and a 1-year high of $167.71. The company has a market capitalization of $8.21 billion, a price-to-earnings ratio of -570.05 and a beta of 1.66. The company has a fifty day simple moving average of $146.12.

About Euronet Worldwide

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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