Equities analysts forecast that Euronet Worldwide, Inc. (NASDAQ:EEFT) will post $784.03 million in sales for the current fiscal quarter, Zacks Investment Research reports. Two analysts have provided estimates for Euronet Worldwide’s earnings, with estimates ranging from $780.00 million to $788.06 million. Euronet Worldwide posted sales of $664.40 million during the same quarter last year, which would indicate a positive year over year growth rate of 18%. The company is expected to report its next quarterly earnings report on Wednesday, October 27th.
According to Zacks, analysts expect that Euronet Worldwide will report full year sales of $2.89 billion for the current year, with estimates ranging from $2.85 billion to $2.94 billion. For the next fiscal year, analysts anticipate that the business will post sales of $3.48 billion, with estimates ranging from $3.38 billion to $3.58 billion. Zacks’ sales calculations are an average based on a survey of research analysts that that provide coverage for Euronet Worldwide.
Euronet Worldwide (NASDAQ:EEFT) last released its quarterly earnings results on Tuesday, July 27th. The business services provider reported $0.53 earnings per share for the quarter, missing analysts’ consensus estimates of $0.63 by ($0.10). Euronet Worldwide had a net margin of 4.03% and a return on equity of 9.46%. The business had revenue of $714.70 million during the quarter, compared to analyst estimates of $688.12 million.
Shares of NASDAQ EEFT traded down $1.49 during midday trading on Friday, reaching $127.55. The company’s stock had a trading volume of 441,372 shares, compared to its average volume of 321,356. The company has a market cap of $6.74 billion, a P/E ratio of 61.62 and a beta of 1.62. The company has a debt-to-equity ratio of 0.82, a quick ratio of 1.79 and a current ratio of 1.79. The business’s 50 day moving average price is $133.00 and its two-hundred day moving average price is $141.53. Euronet Worldwide has a fifty-two week low of $86.06 and a fifty-two week high of $167.71.
Hedge funds and other institutional investors have recently bought and sold shares of the business. Ameritas Investment Company LLC purchased a new stake in Euronet Worldwide in the 1st quarter worth approximately $31,000. First Mercantile Trust Co. purchased a new stake in shares of Euronet Worldwide during the 2nd quarter valued at $39,000. Harvest Fund Management Co. Ltd purchased a new stake in shares of Euronet Worldwide during the 1st quarter valued at $52,000. Quantbot Technologies LP purchased a new stake in shares of Euronet Worldwide during the 1st quarter valued at $52,000. Finally, Eagle Bay Advisors LLC purchased a new stake in shares of Euronet Worldwide during the 2nd quarter valued at $54,000. Institutional investors and hedge funds own 93.44% of the company’s stock.
Euronet Worldwide Company Profile
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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