Euronet Worldwide, Inc. (NASDAQ:EEFT) Posts Earnings Results, Hits Expectations

Euronet Worldwide, Inc. (NASDAQ:EEFT) announced its earnings results on Thursday, October 19th. The business services provider reported $1.61 EPS for the quarter, hitting the Zacks’ consensus estimate of $1.61, Bloomberg Earnings reports. Euronet Worldwide had a return on equity of 22.46% and a net margin of 9.63%. The company had revenue of $637.90 million for the quarter, compared to analysts’ expectations of $595.09 million. During the same period last year, the firm earned $1.35 EPS. Euronet Worldwide’s revenue for the quarter was up 21.7% compared to the same quarter last year.

Euronet Worldwide (NASDAQ:EEFT) traded down $2.08 during trading hours on Monday, reaching $91.60. 688,593 shares of the company’s stock traded hands, compared to its average volume of 394,934. The stock has a market capitalization of $4,935.16, a price-to-earnings ratio of 22.47, a price-to-earnings-growth ratio of 1.44 and a beta of 1.39. The company has a debt-to-equity ratio of 0.50, a quick ratio of 1.44 and a current ratio of 1.48. Euronet Worldwide has a one year low of $70.51 and a one year high of $101.07.

Several research analysts recently commented on the company. Lake Street Capital restated a “buy” rating and set a $99.00 target price (up previously from $96.00) on shares of Euronet Worldwide in a research report on Thursday, July 27th. Northland Securities reissued a “buy” rating and issued a $110.00 price objective on shares of Euronet Worldwide in a research note on Thursday, October 19th. Piper Jaffray Companies reissued a “buy” rating and issued a $112.00 price objective on shares of Euronet Worldwide in a research note on Sunday, October 22nd. BidaskClub raised shares of Euronet Worldwide from a “hold” rating to a “buy” rating in a research note on Monday, July 31st. Finally, Zacks Investment Research downgraded Euronet Worldwide from a “buy” rating to a “hold” rating in a research report on Friday, July 28th. One analyst has rated the stock with a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the company. The company presently has a consensus rating of “Buy” and an average price target of $108.67.

ILLEGAL ACTIVITY WARNING: “Euronet Worldwide, Inc. (NASDAQ:EEFT) Posts Earnings Results, Hits Expectations” was first published by BBNS and is the sole property of of BBNS. If you are reading this piece on another website, it was illegally stolen and reposted in violation of US & international copyright & trademark laws. The correct version of this piece can be read at https://baseballnewssource.com/markets/euronet-worldwide-inc-eeft-issues-earnings-results/1721780.html.

In other Euronet Worldwide news, Director Andrej Olechowski sold 10,276 shares of the business’s stock in a transaction on Friday, September 8th. The stock was sold at an average price of $97.30, for a total value of $999,854.80. Following the sale, the director now directly owns 14,355 shares in the company, valued at $1,396,741.50. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, CFO Rick Weller sold 76,563 shares of the business’s stock in a transaction on Thursday, August 31st. The shares were sold at an average price of $97.51, for a total value of $7,465,658.13. Following the completion of the sale, the chief financial officer now owns 81,221 shares in the company, valued at $7,919,859.71. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 263,755 shares of company stock worth $25,892,468. Corporate insiders own 7.70% of the company’s stock.

An institutional investor recently raised its position in Euronet Worldwide stock. The Manufacturers Life Insurance Company raised its position in Euronet Worldwide, Inc. (NASDAQ:EEFT) by 7.3% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,696 shares of the business services provider’s stock after buying an additional 116 shares during the quarter. The Manufacturers Life Insurance Company ‘s holdings in Euronet Worldwide were worth $149,000 at the end of the most recent reporting period. Institutional investors own 93.07% of the company’s stock.

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.

Earnings History for Euronet Worldwide (NASDAQ:EEFT)

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 our FREE daily email newsletter.

 


Latest News

Seattle Mariners Start Offseason With a Bang: Three Trades Over Four Days
Seattle Mariners Start Offseason With a Bang: Three Trades Over Four Days
MLB Commissioner: New Rule for Pace-of-Play in 2018
MLB Commissioner: New Rule for Pace-of-Play in 2018
Alex Cobb Could Be Good Fit for Cubs
Alex Cobb Could Be Good Fit for Cubs
Joey Votto Is One of Baseball’s Best Hitters
Joey Votto Is One of Baseball’s Best Hitters
Hunter Pence May Become Part-Time Player
Hunter Pence May Become Part-Time Player
Perfect 300 Bowled by Red Sox Right Fielder Mookie Betts
Perfect 300 Bowled by Red Sox Right Fielder Mookie Betts


Leave a Reply

 
© 2006-2017 BBNS.