Euronet Worldwide (NASDAQ:EEFT) Issues Quarterly Earnings Results, Beats Estimates By $0.11 EPS

Euronet Worldwide (NASDAQ:EEFT) posted its quarterly earnings results on Wednesday. The business services provider reported $3.03 EPS for the quarter, beating the consensus estimate of $2.92 by $0.11, Briefing.com reports. Euronet Worldwide had a return on equity of 27.81% and a net margin of 7.46%. The firm had revenue of $1.11 billion during the quarter, compared to analysts’ expectations of $1.04 billion. During the same quarter in the prior year, the firm posted $2.53 EPS.

Euronet Worldwide Trading Down 1.7 %

Shares of EEFT stock traded down $1.76 on Friday, reaching $100.50. 399,843 shares of the stock were exchanged, compared to its average volume of 306,077. The company has a debt-to-equity ratio of 0.85, a current ratio of 1.19 and a quick ratio of 1.19. Euronet Worldwide has a one year low of $75.41 and a one year high of $117.66. The stock has a market cap of $4.61 billion, a PE ratio of 18.00 and a beta of 1.46. The stock has a 50 day moving average price of $100.47 and a 200 day moving average price of $104.32.

Insider Activity at Euronet Worldwide

In other news, CEO Juan Bianchi sold 4,000 shares of Euronet Worldwide stock in a transaction that occurred on Thursday, September 5th. The shares were sold at an average price of $102.58, for a total transaction of $410,320.00. Following the completion of the sale, the chief executive officer now owns 12,440 shares in the company, valued at $1,276,095.20. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In other Euronet Worldwide news, CEO Juan Bianchi sold 4,000 shares of the stock in a transaction dated Thursday, September 5th. The stock was sold at an average price of $102.58, for a total value of $410,320.00. Following the transaction, the chief executive officer now owns 12,440 shares of the company’s stock, valued at approximately $1,276,095.20. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Thomas A. Mcdonnell bought 3,206 shares of the firm’s stock in a transaction dated Monday, August 5th. The shares were bought at an average price of $93.86 per share, with a total value of $300,915.16. Following the completion of the transaction, the director now directly owns 90,000 shares in the company, valued at approximately $8,447,400. This trade represents a 0.00 % increase in their position. The disclosure for this purchase can be found here. 10.50% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on the stock. Citigroup cut shares of Euronet Worldwide from a “buy” rating to a “neutral” rating and dropped their price objective for the company from $118.00 to $110.00 in a research note on Friday, October 18th. Oppenheimer assumed coverage on shares of Euronet Worldwide in a research report on Tuesday, October 1st. They set an “outperform” rating and a $121.00 target price for the company. StockNews.com lowered shares of Euronet Worldwide from a “buy” rating to a “hold” rating in a research report on Friday, August 9th. Needham & Company LLC dropped their price objective on shares of Euronet Worldwide from $125.00 to $120.00 and set a “buy” rating for the company in a report on Thursday. Finally, DA Davidson reissued a “buy” rating and issued a $136.00 target price on shares of Euronet Worldwide in a report on Tuesday, October 8th. Five research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $125.38.

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.