Euronet Worldwide, Inc. (NASDAQ:EEFT) Expected to Post Earnings of $0.73 Per Share

Equities analysts expect Euronet Worldwide, Inc. (NASDAQ:EEFT) to post earnings per share of $0.73 for the current fiscal quarter, according to Zacks Investment Research. Two analysts have provided estimates for Euronet Worldwide’s earnings, with the highest EPS estimate coming in at $0.74 and the lowest estimate coming in at $0.71. Euronet Worldwide posted earnings of $0.04 per share during the same quarter last year, which would indicate a positive year-over-year growth rate of 1,725%. The firm is expected to report its next quarterly earnings results on Wednesday, August 4th.

According to Zacks, analysts expect that Euronet Worldwide will report full year earnings of $4.36 per share for the current fiscal year, with EPS estimates ranging from $4.13 to $4.59. Zacks’ EPS averages are a mean average based on a survey of sell-side research firms that follow Euronet Worldwide.

Euronet Worldwide (NASDAQ:EEFT) last posted its quarterly earnings results on Thursday, April 29th. The business services provider reported $0.23 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.41 by ($0.18). The firm had revenue of $652.70 million for the quarter, compared to analyst estimates of $614.78 million. Euronet Worldwide had a negative net margin of 0.55% and a positive return on equity of 8.39%.

EEFT has been the topic of several analyst reports. DA Davidson increased their target price on Euronet Worldwide from $166.00 to $180.00 and gave the stock a “buy” rating in a research report on Wednesday, March 17th. Truist increased their target price on Euronet Worldwide from $195.00 to $225.00 in a research report on Thursday, February 11th. Needham & Company LLC increased their target price on Euronet Worldwide from $170.00 to $185.00 and gave the stock a “buy” rating in a research report on Thursday, March 4th. Wells Fargo & Company increased their target price on Euronet Worldwide from $165.00 to $180.00 and gave the stock an “overweight” rating in a research report on Wednesday, March 17th. Finally, TheStreet lowered Euronet Worldwide from a “b-” rating to a “c+” rating in a research report on Thursday, April 1st. One analyst has rated the stock with a sell rating, one has issued a hold rating and seven have issued a buy rating to the company’s stock. Euronet Worldwide presently has a consensus rating of “Buy” and a consensus target price of $155.73.

Institutional investors and hedge funds have recently modified their holdings of the company. Ameritas Investment Company LLC acquired a new position in shares of Euronet Worldwide during the first quarter valued at $31,000. CWM LLC bought a new position in Euronet Worldwide during the fourth quarter valued at about $40,000. Whittier Trust Co. bought a new position in Euronet Worldwide during the first quarter valued at about $41,000. Harvest Fund Management Co. Ltd bought a new position in Euronet Worldwide during the first quarter valued at about $52,000. Finally, Quantbot Technologies LP bought a new position in Euronet Worldwide during the first quarter valued at about $52,000. 92.08% of the stock is currently owned by institutional investors.

NASDAQ EEFT traded down $1.52 during trading hours on Thursday, hitting $155.44. The company had a trading volume of 238,688 shares, compared to its average volume of 338,797. Euronet Worldwide has a fifty-two week low of $86.06 and a fifty-two week high of $167.71. The company has a current ratio of 1.76, a quick ratio of 1.76 and a debt-to-equity ratio of 0.81. The business has a fifty day moving average of $146.12. The company has a market cap of $8.21 billion, a price-to-earnings ratio of -570.05 and a beta of 1.66.

About Euronet Worldwide

Euronet Worldwide, Inc provides payment and transaction processing and distribution solutions to financial institutions, agents, retailers, merchants, content providers, and individual consumers worldwide. The company's 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 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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