Euronet Worldwide (NASDAQ:EEFT) Posts Quarterly Earnings Results, Beats Estimates By $0.11 EPS

Euronet Worldwide (NASDAQ:EEFT) announced its quarterly earnings results on Wednesday. The business services provider reported $3.03 earnings per share for the quarter, beating the consensus estimate of $2.92 by $0.11, Briefing.com reports. The business had revenue of $1.11 billion during the quarter, compared to analysts’ expectations of $1.04 billion. Euronet Worldwide had a net margin of 7.46% and a return on equity of 27.81%. During the same quarter in the prior year, the company posted $2.53 EPS.

Euronet Worldwide Stock Down 1.7 %

Shares of Euronet Worldwide stock traded down $1.76 during midday trading on Friday, hitting $100.50. The company had a trading volume of 399,843 shares, compared to its average volume of 306,077. Euronet Worldwide has a 52-week low of $75.41 and a 52-week high of $117.66. The company has a debt-to-equity ratio of 0.85, a quick ratio of 1.19 and a current ratio of 1.19. The stock has a market capitalization of $4.61 billion, a P/E ratio of 17.69 and a beta of 1.46. The company has a 50 day moving average of $100.42 and a 200 day moving average of $104.26.

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on EEFT. Citigroup cut Euronet Worldwide from a “buy” rating to a “neutral” rating and cut their target price for the stock from $118.00 to $110.00 in a research note on Friday, October 18th. Needham & Company LLC dropped their price target on Euronet Worldwide from $125.00 to $120.00 and set a “buy” rating for the company in a research note on Thursday. Oppenheimer assumed coverage on shares of Euronet Worldwide in a research report on Tuesday, October 1st. They set an “outperform” rating and a $121.00 price objective on the stock. DA Davidson reaffirmed a “buy” rating and issued a $136.00 target price on shares of Euronet Worldwide in a research report on Tuesday, October 8th. Finally, StockNews.com cut shares of Euronet Worldwide from a “buy” rating to a “hold” rating in a research report on Friday, August 9th. Five analysts have rated the stock with a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat, Euronet Worldwide has a consensus rating of “Moderate Buy” and an average price target of $125.38.

Insider Buying and Selling at Euronet Worldwide

In other news, CEO Juan Bianchi sold 4,000 shares of the firm’s stock in a transaction on Thursday, September 5th. The stock was sold at an average price of $102.58, for a total transaction of $410,320.00. Following the completion of the transaction, the chief executive officer now directly owns 12,440 shares in the company, valued at $1,276,095.20. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In related news, CEO Juan Bianchi sold 4,000 shares of the firm’s stock in a transaction that occurred on Thursday, September 5th. The shares were sold at an average price of $102.58, for a total transaction of $410,320.00. Following the completion of the sale, the chief executive officer now owns 12,440 shares of the company’s stock, valued at $1,276,095.20. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Thomas A. Mcdonnell acquired 3,206 shares of the stock in a transaction that occurred on Monday, August 5th. The stock was acquired at an average cost of $93.86 per share, for a total transaction of $300,915.16. Following the completion of the transaction, the director now directly owns 90,000 shares in the company, valued at $8,447,400. This represents a 0.00 % increase in their position. The disclosure for this purchase can be found here. 10.50% of the stock is owned by company insiders.

Euronet Worldwide Company Profile

Euronet Worldwide, Inc provides payment and transaction processing and distribution solutions to financial institutions, retailers, service providers, and individual consumers worldwide. It operates through three segments: Electronic Fund Transfer Processing, epay, and Money Transfer. The 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 and prepaid card outsourcing, card issuing, and merchant acquiring services.