Euronet Worldwide, Inc. (NASDAQ:EEFT) updated its third quarter earnings guidance on Tuesday. The company provided earnings per share (EPS) guidance of ~$1.60 for the period, compared to the Thomson Reuters consensus estimate of $1.57.
A number of equities research analysts have recently weighed in on the stock. DA Davidson started coverage on shares of Euronet Worldwide in a research note on Wednesday, July 19th. They issued a buy rating and a $105.00 price target on the stock. Zacks Investment Research upgraded shares of Euronet Worldwide from a hold rating to a buy rating and set a $102.00 target price on the stock in a research report on Monday, July 17th. Finally, Lake Street Capital started coverage on shares of Euronet Worldwide in a research report on Monday, June 26th. They set a buy rating and a $96.00 target price on the stock. Six equities research analysts have rated the stock with a buy rating, The stock currently has a consensus rating of Buy and an average target price of $99.60.
Euronet Worldwide, Inc. (NASDAQ EEFT) traded up 0.23% during midday trading on Wednesday, reaching $93.04. 82,576 shares of the company traded hands. The company has a market capitalization of $4.88 billion, a price-to-earnings ratio of 29.00 and a beta of 1.33. The stock’s 50 day moving average is $88.44 and its 200 day moving average is $83.14. Euronet Worldwide, Inc. has a one year low of $70.51 and a one year high of $93.72.
Euronet Worldwide (NASDAQ:EEFT) last issued its earnings results on Tuesday, July 25th. The business services provider reported $1.01 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $1.08 by $0.07. The firm had revenue of $536.60 million during the quarter, compared to analysts’ expectations of $513.10 million. Euronet Worldwide had a return on equity of 22.77% and a net margin of 8.70%. The firm’s quarterly revenue was up 12.5% compared to the same quarter last year. During the same period in the prior year, the company earned $0.97 EPS. On average, equities analysts anticipate that Euronet Worldwide, Inc. will post $4.53 earnings per share for the current year.
In other Euronet Worldwide news, VP Jeffrey B. Newman sold 3,433 shares of the stock in a transaction on Wednesday, July 19th. The stock was sold at an average price of $92.00, for a total value of $315,836.00. Following the completion of the transaction, the vice president now owns 16,386 shares in the company, valued at $1,507,512. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, VP Jeffrey B. Newman sold 24,535 shares of the firm’s stock in a transaction on Monday, July 24th. The shares were sold at an average price of $92.01, for a total value of $2,257,465.35. Following the transaction, the vice president now owns 16,918 shares of the company’s stock, valued at $1,556,625.18. The disclosure for this sale can be found here. In the last quarter, insiders sold 46,094 shares of company stock valued at $4,168,571. 7.70% of the stock is owned by corporate insiders.
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About Euronet Worldwide
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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