Euronet Worldwide, Inc. (NASDAQ:EEFT) Expected to Announce Quarterly Sales of $618.19 Million


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Analysts expect Euronet Worldwide, Inc. (NASDAQ:EEFT) to post $618.19 million in sales for the current fiscal quarter, Zacks reports. Three analysts have made estimates for Euronet Worldwide’s earnings, with estimates ranging from $607.26 million to $625.00 million. Euronet Worldwide reported sales of $583.90 million during the same quarter last year, which would suggest a positive year over year growth rate of 5.9%. The firm is expected to issue its next quarterly earnings report on Tuesday, April 27th.

On average, analysts expect that Euronet Worldwide will report full year sales of $2.84 billion for the current financial year, with estimates ranging from $2.73 billion to $2.93 billion. For the next year, analysts forecast that the business will post sales of $3.44 billion, with estimates ranging from $3.35 billion to $3.53 billion. Zacks Investment Research’s sales averages are a mean average based on a survey of sell-side research firms that that provide coverage for Euronet Worldwide.

Euronet Worldwide (NASDAQ:EEFT) last announced its earnings results on Monday, February 8th. The business services provider reported $1.11 EPS for the quarter, beating analysts’ consensus estimates of $0.72 by $0.39. The company had revenue of $706.60 million during the quarter, compared to the consensus estimate of $654.94 million. Euronet Worldwide had a return on equity of 12.31% and a net margin of 1.33%. The firm’s revenue for the quarter was up 1.9% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.63 earnings per share.

EEFT has been the subject of a number of recent analyst reports. Truist upped their target price on Euronet Worldwide from $195.00 to $225.00 in a report on Thursday, February 11th. Needham & Company LLC increased their price objective on Euronet Worldwide from $115.00 to $170.00 and gave the stock a “buy” rating in a report on Thursday, February 11th. Citigroup upgraded Euronet Worldwide from a “neutral” rating to a “buy” rating and increased their price objective for the stock from $122.00 to $161.00 in a report on Tuesday, January 26th. Northland Securities increased their price objective on Euronet Worldwide from $125.00 to $150.00 and gave the stock an “outperform” rating in a report on Friday, December 18th. Finally, The Goldman Sachs Group increased their price objective on Euronet Worldwide from $107.00 to $122.00 and gave the stock a “neutral” rating in a report on Thursday, November 12th. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and seven have given a buy rating to the stock. The stock has a consensus rating of “Buy” and an average target price of $152.55.

In other news, Director Andrzej Olechowski sold 2,496 shares of Euronet Worldwide stock in a transaction dated Wednesday, November 25th. The stock was sold at an average price of $134.99, for a total transaction of $336,935.04. Following the transaction, the director now directly owns 10,000 shares of the company’s stock, valued at approximately $1,349,900. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. 6.30% of the stock is owned by insiders.

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Knuff & Co LLC raised its stake in Euronet Worldwide by 14.3% during the 4th quarter. Knuff & Co LLC now owns 800 shares of the business services provider’s stock valued at $116,000 after purchasing an additional 100 shares during the period. Northwest Investment Counselors LLC raised its stake in Euronet Worldwide by 3.0% during the 3rd quarter. Northwest Investment Counselors LLC now owns 4,630 shares of the business services provider’s stock valued at $422,000 after purchasing an additional 133 shares during the period. Park Avenue Securities LLC raised its stake in Euronet Worldwide by 5.1% during the 3rd quarter. Park Avenue Securities LLC now owns 2,798 shares of the business services provider’s stock valued at $255,000 after purchasing an additional 135 shares during the period. Coe Capital Management LLC raised its stake in Euronet Worldwide by 2.6% during the 4th quarter. Coe Capital Management LLC now owns 6,019 shares of the business services provider’s stock valued at $872,000 after purchasing an additional 155 shares during the period. Finally, Cambiar Investors LLC raised its stake in Euronet Worldwide by 0.4% during the 4th quarter. Cambiar Investors LLC now owns 48,048 shares of the business services provider’s stock valued at $6,963,000 after purchasing an additional 196 shares during the period. 92.94% of the stock is currently owned by institutional investors.

Shares of Euronet Worldwide stock traded up $0.34 during midday trading on Thursday, reaching $152.40. 8,979 shares of the company’s stock traded hands, compared to its average volume of 326,715. The company has a debt-to-equity ratio of 0.87, a quick ratio of 1.85 and a current ratio of 1.85. The company has a market cap of $7.97 billion, a PE ratio of 286.91 and a beta of 1.60. The stock has a 50 day moving average of $139.90 and a 200-day moving average of $117.57. Euronet Worldwide has a 12 month low of $61.27 and a 12 month high of $152.73.

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. The company's Electronic Fund Transfer (EFT) 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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