Investment analysts at SunTrust Banks Inc. initiated coverage on shares of Euronet Worldwide Inc. (NASDAQ:EEFT) in a report issued on Wednesday. The brokerage set a “buy” rating and a $98.00 price target on the stock. SunTrust Banks Inc.’s target price suggests a potential upside of 17.94% from the stock’s previous close.
Separately, Zacks Investment Research lowered shares of Euronet Worldwide from a “buy” rating to a “hold” rating in a research note on Tuesday, September 27th. One investment analyst has rated the stock with a hold rating and nine have given a buy rating to the stock. The company currently has an average rating of “Buy” and a consensus target price of $88.14.
Euronet Worldwide (NASDAQ:EEFT) opened at 83.09 on Wednesday. The firm has a 50-day moving average of $80.28 and a 200 day moving average of $76.72. The company has a market capitalization of $4.33 billion, a P/E ratio of 30.19 and a beta of 1.49. Euronet Worldwide has a 52-week low of $52.00 and a 52-week high of $84.43.
Euronet Worldwide (NASDAQ:EEFT) last posted its quarterly earnings data on Tuesday, July 26th. The company reported $0.97 EPS for the quarter, topping the consensus estimate of $0.90 by $0.07. The firm earned $476.90 million during the quarter, compared to analyst estimates of $470.99 million. Euronet Worldwide had a net margin of 8.01% and a return on equity of 22.65%. Euronet Worldwide’s revenue was up 12.2% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.78 EPS. Equities analysts predict that Euronet Worldwide will post $4.07 earnings per share for the current fiscal year.
In other Euronet Worldwide news, CEO Kevin J. Caponecchi sold 58,573 shares of the business’s stock in a transaction that occurred on Wednesday, August 3rd. The shares were 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 SEC, which is available at this link. Also, VP Jeffrey B. Newman sold 5,772 shares of the business’s stock in a transaction that occurred on Tuesday, August 16th. The stock was sold at an average price of $77.80, for a total transaction of $449,061.60. The disclosure for this sale can be found here. Company insiders own 7.30% of the company’s stock.
Hedge funds have recently added to or reduced their stakes in the stock. Adage Capital Partners GP L.L.C. acquired a new stake in Euronet Worldwide during the first quarter valued at approximately $25,939,000. Kennedy Capital Management Inc. increased its stake in Euronet Worldwide by 13.8% in the first quarter. Kennedy Capital Management Inc. now owns 279,616 shares of the company’s stock valued at $20,722,000 after buying an additional 33,952 shares during the period. Geode Capital Management LLC increased its stake in Euronet Worldwide by 3.7% in the first quarter. Geode Capital Management LLC now owns 344,720 shares of the company’s stock valued at $25,547,000 after buying an additional 12,295 shares during the period. Loomis Sayles & Co. L P increased its stake in Euronet Worldwide by 5.7% in the first quarter. Loomis Sayles & Co. L P now owns 774,445 shares of the company’s stock valued at $57,394,000 after buying an additional 41,439 shares during the period. Finally, State Street Corp increased its stake in Euronet Worldwide by 2.4% in the first quarter. State Street Corp now owns 956,898 shares of the company’s stock valued at $70,918,000 after buying an additional 22,785 shares during the period. 89.92% of the stock is currently owned by institutional investors and hedge funds.
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.
Receive News & Ratings for Euronet Worldwide Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Euronet Worldwide Inc. and related companies with MarketBeat.com's FREE daily email newsletter.