Euronet Worldwide (EEFT) to Release Earnings on Wednesday

Euronet Worldwide (NASDAQ:EEFT) is set to post its quarterly earnings results before the market opens on Wednesday, May 1st. Analysts expect Euronet Worldwide to post earnings of $1.00 per share for the quarter. Individual that are interested in registering for the company’s earnings conference call can do so using this link.

Euronet Worldwide (NASDAQ:EEFT) last announced its quarterly earnings data on Wednesday, February 7th. The business services provider reported $1.88 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.54 by $0.34. Euronet Worldwide had a return on equity of 25.23% and a net margin of 7.63%. The firm had revenue of $957.70 million for the quarter, compared to analysts’ expectations of $844.59 million. During the same period last year, the business posted $1.12 earnings per share. The firm’s revenue for the quarter was up 10.6% on a year-over-year basis. On average, analysts expect Euronet Worldwide to post $8 EPS for the current fiscal year and $9 EPS for the next fiscal year.

Euronet Worldwide Stock Performance

Shares of EEFT opened at $105.81 on Wednesday. Euronet Worldwide has a 12-month low of $73.84 and a 12-month high of $121.55. The company has a debt-to-equity ratio of 1.37, a current ratio of 1.54 and a quick ratio of 1.54. The business’s fifty day moving average price is $107.80 and its 200 day moving average price is $96.88. The stock has a market capitalization of $4.85 billion, a PE ratio of 19.17 and a beta of 1.39.

Analyst Upgrades and Downgrades

EEFT has been the topic of several analyst reports. StockNews.com raised Euronet Worldwide from a “hold” rating to a “buy” rating in a research report on Thursday, February 15th. Evercore ISI increased their target price on Euronet Worldwide from $118.00 to $135.00 and gave the stock an “outperform” rating in a research report on Tuesday, March 26th. Citigroup raised Euronet Worldwide from a “neutral” rating to a “buy” rating and increased their target price for the stock from $116.00 to $120.00 in a research report on Monday. Needham & Company LLC increased their target price on Euronet Worldwide from $115.00 to $120.00 and gave the stock a “buy” rating in a research report on Wednesday, February 7th. Finally, Stephens raised Euronet Worldwide from an “equal weight” rating to an “overweight” rating and set a $120.00 price target on the stock in a report on Thursday, February 1st. Nine research analysts have rated the stock with a buy rating, According to MarketBeat.com, the stock has an average rating of “Buy” and an average target price of $120.75.

About Euronet Worldwide

Euronet Worldwide, Inc provides payment and transaction processing and distribution solutions to financial institutions, retailers, service providers, and individual consumers worldwide. It operates through three segments: Electronic Fund Transfer Processing, epay, and Money Transfer. The 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 and prepaid card outsourcing, card issuing, and merchant acquiring services.