Euronet Worldwide, Inc. (EEFT) Given Average Recommendation of “Buy” by Brokerages
Euronet Worldwide, Inc. (NASDAQ:EEFT) has been given a consensus recommendation of “Buy” by the ten brokerages that are covering the company, Marketbeat.com reports. Two research analysts have rated the stock with a sell recommendation, one has issued a hold recommendation and seven have given a buy recommendation to the company. The average 1-year price target among brokers that have issued a report on the stock in the last year is $109.33.
EEFT has been the subject of a number of research analyst reports. Piper Jaffray Companies reiterated a “buy” rating and set a $112.00 price objective on shares of Euronet Worldwide in a report on Sunday, October 22nd. Zacks Investment Research upgraded shares of Euronet Worldwide from a “hold” rating to a “buy” rating and set a $106.00 price objective for the company in a report on Tuesday, September 26th. BidaskClub lowered shares of Euronet Worldwide from a “sell” rating to a “strong sell” rating in a report on Wednesday, December 27th. SunTrust Banks reiterated a “buy” rating and set a $120.00 price objective on shares of Euronet Worldwide in a report on Friday, October 6th. Finally, Northland Securities reiterated a “buy” rating and set a $110.00 price objective on shares of Euronet Worldwide in a report on Thursday, October 19th.
Shares of Euronet Worldwide (NASDAQ EEFT) opened at $93.58 on Wednesday. Euronet Worldwide has a twelve month low of $70.51 and a twelve month high of $101.07. The firm has a market cap of $5,010.00, a PE ratio of 24.69, a P/E/G ratio of 1.27 and a beta of 1.36. The company has a current ratio of 1.48, a quick ratio of 1.44 and a debt-to-equity ratio of 0.50.
Euronet Worldwide (NASDAQ:EEFT) last announced its quarterly earnings data on Thursday, October 19th. The business services provider reported $1.61 earnings per share for the quarter, meeting analysts’ consensus estimates of $1.61. Euronet Worldwide had a net margin of 9.63% and a return on equity of 22.46%. The company had revenue of $637.90 million during the quarter, compared to analyst estimates of $595.09 million. During the same quarter last year, the business posted $1.35 EPS. The firm’s revenue for the quarter was up 21.7% on a year-over-year basis. equities analysts forecast that Euronet Worldwide will post 4.33 earnings per share for the current fiscal year.
In other news, CEO Michael J. Brown sold 63,538 shares of the business’s stock in a transaction dated Monday, October 23rd. The shares were sold at an average price of $100.06, for a total value of $6,357,612.28. Following the completion of the sale, the chief executive officer now owns 1,603,486 shares in the company, valued at approximately $160,444,809.16. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CFO Rick Weller sold 12,400 shares of the business’s stock in a transaction dated Wednesday, December 13th. The shares were sold at an average price of $92.01, for a total transaction of $1,140,924.00. Following the completion of the sale, the chief financial officer now owns 80,285 shares of the company’s stock, valued at approximately $7,387,022.85. The disclosure for this sale can be found here. In the last 90 days, insiders sold 94,235 shares of company stock valued at $9,201,216. Company insiders own 7.70% of the company’s stock.
Several large investors have recently bought and sold shares of the company. Bristlecone Advisors LLC bought a new position in shares of Euronet Worldwide during the 3rd quarter worth approximately $113,000. Fiduciary Trust Co. bought a new position in shares of Euronet Worldwide during the 2nd quarter worth approximately $122,000. The Manufacturers Life Insurance Company raised its stake in shares of Euronet Worldwide by 7.3% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 1,696 shares of the business services provider’s stock worth $149,000 after acquiring an additional 116 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank raised its stake in shares of Euronet Worldwide by 10.3% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,796 shares of the business services provider’s stock worth $157,000 after acquiring an additional 167 shares in the last quarter. Finally, Turner Investments LLC bought a new position in shares of Euronet Worldwide during the 3rd quarter worth approximately $174,000. Institutional investors and hedge funds own 95.17% of the company’s stock.
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Euronet Worldwide Company Profile
Euronet Worldwide, Inc is an electronic payments provider. The Company offers payment and transaction processing and distribution solutions to financial institutions, retailers, service providers and individual consumers. Its product offerings include automated teller machine (ATM), point-of-sale (POS), card outsourcing, card issuing and merchant acquiring services, electronic distribution of prepaid mobile airtime and other electronic payment products.
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