Euronet Worldwide (EEFT) Projected to Post Quarterly Earnings on Thursday

Euronet Worldwide (NASDAQ:EEFT) will likely be issuing its quarterly earnings data before the market opens on Thursday, April 24th. Analysts expect the company to announce earnings of $1.13 per share and revenue of $908.93 million for the quarter. Individual that wish to register for the company’s earnings conference call can do so using this link.

Euronet Worldwide (NASDAQ:EEFT) last issued its quarterly earnings data on Wednesday, February 12th. The business services provider reported $1.82 earnings per share for the quarter, missing the consensus estimate of $2.05 by ($0.23). Euronet Worldwide had a return on equity of 27.74% and a net margin of 7.69%. On average, analysts expect Euronet Worldwide to post $9 EPS for the current fiscal year and $10 EPS for the next fiscal year.

Euronet Worldwide Trading Up 0.3 %

Shares of Euronet Worldwide stock opened at $94.70 on Friday. The company has a debt-to-equity ratio of 0.92, a current ratio of 1.25 and a quick ratio of 1.26. The stock has a market capitalization of $4.09 billion, a PE ratio of 14.64, a P/E/G ratio of 0.78 and a beta of 1.18. Euronet Worldwide has a 1-year low of $85.24 and a 1-year high of $117.66. The company’s fifty day simple moving average is $101.20 and its 200-day simple moving average is $101.06.

Insiders Place Their Bets

In related news, CEO Michael J. Brown sold 95,000 shares of the firm’s stock in a transaction on Thursday, March 13th. The stock was sold at an average price of $100.69, for a total value of $9,565,550.00. Following the completion of the transaction, the chief executive officer now owns 1,418,966 shares in the company, valued at $142,875,686.54. This trade represents a 6.27 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Corporate insiders own 10.50% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on EEFT shares. Oppenheimer dropped their price target on Euronet Worldwide from $135.00 to $128.00 and set an “outperform” rating for the company in a research note on Thursday, December 19th. Keefe, Bruyette & Woods raised their target price on shares of Euronet Worldwide from $108.00 to $112.00 and gave the company a “market perform” rating in a research note on Friday, February 14th. Stephens reiterated an “overweight” rating and issued a $130.00 price target on shares of Euronet Worldwide in a research note on Friday, February 14th. Finally, StockNews.com downgraded shares of Euronet Worldwide from a “buy” rating to a “hold” rating in a report on Saturday, February 22nd. Four investment analysts have rated the stock with a hold rating, five have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $125.86.

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.