Euronet Worldwide Inc. (NASDAQ:EEFT) has received a consensus rating of “Buy” from the nine ratings firms that are currently covering the firm. Two research analysts have rated the stock with a hold rating and seven have issued a buy rating on the company. The average 12 month price target among brokers that have issued ratings on the stock in the last year is $84.75.
A number of equities research analysts recently commented on the company. Monness Crespi & Hardt lowered Euronet Worldwide from a “buy” rating to a “neutral” rating in a research report on Friday, June 10th. Zacks Investment Research lowered Euronet Worldwide from a “buy” rating to a “hold” rating in a research report on Tuesday.
Euronet Worldwide (NASDAQ:EEFT) traded up 0.52% during midday trading on Wednesday, hitting $81.67. The stock had a trading volume of 130,963 shares. The stock has a market cap of $4.25 billion, a P/E ratio of 29.68 and a beta of 1.43. The company has a 50-day moving average price of $78.57 and a 200-day moving average price of $75.89. Euronet Worldwide has a 52 week low of $52.00 and a 52 week high of $82.49.
Euronet Worldwide (NASDAQ:EEFT) last released its quarterly earnings results on Tuesday, July 26th. The company reported $0.97 EPS for the quarter, beating analysts’ consensus estimates of $0.90 by $0.07. The business earned $476.90 million during the quarter, compared to analyst estimates of $470.99 million. Euronet Worldwide had a return on equity of 22.65% and a net margin of 8.01%. Euronet Worldwide’s quarterly revenue was up 12.2% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.78 EPS. Equities analysts expect that Euronet Worldwide will post $4.07 EPS for the current year.
In other news, CEO Kevin J. Caponecchi sold 58,573 shares of the stock in a transaction on Wednesday, August 3rd. The stock was sold at an average price of $75.52, for a total transaction of $4,423,432.96. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, VP Jeffrey B. Newman sold 5,772 shares of the stock in a transaction on Tuesday, August 16th. The stock was sold at an average price of $77.80, for a total value of $449,061.60. The disclosure for this sale can be found here. Insiders own 7.30% of the company’s stock.
Several hedge funds and other institutional investors have recently bought and sold shares of the company. Fuller & Thaler Asset Management Inc. purchased a new position in Euronet Worldwide during the second quarter valued at $100,000. Checchi Capital Advisers LLC increased its position in Euronet Worldwide by 1,179.0% in the second quarter. Checchi Capital Advisers LLC now owns 1,586 shares of the company’s stock valued at $110,000 after buying an additional 1,462 shares during the last quarter. BlackRock Japan Co. Ltd increased its position in Euronet Worldwide by 81.0% in the second quarter. BlackRock Japan Co. Ltd now owns 2,014 shares of the company’s stock valued at $139,000 after buying an additional 901 shares during the last quarter. Smithfield Trust Co. increased its position in Euronet Worldwide by 14.6% in the second quarter. Smithfield Trust Co. now owns 2,053 shares of the company’s stock valued at $142,000 after buying an additional 261 shares during the last quarter. Finally, FNY Managed Accounts LLC increased its position in Euronet Worldwide by 204.8% in the second quarter. FNY Managed Accounts LLC now owns 3,048 shares of the company’s stock valued at $211,000 after buying an additional 2,048 shares during the last quarter. Institutional investors own 89.92% of the company’s stock.
Euronet Worldwide Company Profile
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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