Euronet Worldwide (NASDAQ:EEFT) Issues Quarterly Earnings Results

Euronet Worldwide (NASDAQ:EEFT) announced its quarterly earnings results on Wednesday. The business services provider reported $1.82 EPS for the quarter, missing the consensus estimate of $2.05 by ($0.23), Zacks reports. Euronet Worldwide had a net margin of 8.49% and a return on equity of 26.86%.

Euronet Worldwide Stock Performance

EEFT traded up $1.12 during trading on Friday, reaching $105.03. 229,163 shares of the company’s stock were exchanged, compared to its average volume of 293,281. Euronet Worldwide has a fifty-two week low of $91.07 and a fifty-two week high of $117.66. The company has a quick ratio of 1.26, a current ratio of 1.26 and a debt-to-equity ratio of 0.88. The business has a 50 day moving average price of $100.80 and a 200 day moving average price of $100.85. The company has a market capitalization of $4.61 billion, a P/E ratio of 15.17, a PEG ratio of 0.77 and a beta of 1.43.

Wall Street Analysts Forecast Growth

Several brokerages have commented on EEFT. StockNews.com downgraded Euronet Worldwide from a “buy” rating to a “hold” rating in a report on Thursday. Monness Crespi & Hardt upgraded shares of Euronet Worldwide from a “hold” rating to a “strong-buy” rating in a research note on Thursday, October 24th. Citigroup downgraded shares of Euronet Worldwide from a “buy” rating to a “neutral” rating and lowered their price objective for the stock from $118.00 to $110.00 in a research note on Friday, October 18th. Keefe, Bruyette & Woods raised their price objective on shares of Euronet Worldwide from $108.00 to $112.00 and gave the stock a “market perform” rating in a research note on Friday. Finally, Stephens restated an “overweight” rating and issued a $130.00 price objective on shares of Euronet Worldwide in a research note on Friday. Four investment analysts have rated the stock with a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, Euronet Worldwide has a consensus rating of “Moderate Buy” and an average target price of $127.00.

Insiders Place Their Bets

In other Euronet Worldwide news, SVP Martin L. Bruckner sold 9,397 shares of Euronet Worldwide stock in a transaction on Monday, November 25th. The stock was sold at an average price of $107.31, for a total transaction of $1,008,392.07. Following the completion of the transaction, the senior vice president now directly owns 39,983 shares of the company’s stock, valued at approximately $4,290,575.73. This trade represents a 19.03 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Nikos Fountas sold 21,479 shares of Euronet Worldwide stock in a transaction on Monday, December 9th. The shares were sold at an average price of $103.56, for a total value of $2,224,365.24. Following the transaction, the chief executive officer now directly owns 52,370 shares of the company’s stock, valued at approximately $5,423,437.20. The trade was a 29.09 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 82,910 shares of company stock worth $8,780,102 over the last 90 days. Corporate insiders own 10.50% of the company’s stock.

Euronet Worldwide Company Profile

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.