Euronet Worldwide (NASDAQ:EEFT) Issues Earnings Results

Euronet Worldwide (NASDAQ:EEFT) announced its quarterly earnings results on Tuesday. The business services provider reported $3.55 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $3.69 by ($0.14), FiscalAI reports. Euronet Worldwide had a return on equity of 28.60% and a net margin of 6.63%. The firm had revenue of $1.16 billion during the quarter, compared to the consensus estimate of $1.19 billion. During the same period last year, the business earned $3.62 EPS. Euronet Worldwide’s revenue was up 1.3% on a year-over-year basis.

Euronet Worldwide Stock Performance

Euronet Worldwide stock opened at $63.95 on Tuesday. The stock’s 50 day simple moving average is $67.30 and its two-hundred day simple moving average is $70.69. The company has a debt-to-equity ratio of 1.47, a quick ratio of 1.37 and a current ratio of 1.37. The stock has a market cap of $2.44 billion, a price-to-earnings ratio of 10.04, a PEG ratio of 0.53 and a beta of 0.85. Euronet Worldwide has a fifty-two week low of $61.62 and a fifty-two week high of $84.60.

Analysts Set New Price Targets

EEFT has been the subject of a number of analyst reports. Needham & Company LLC increased their target price on shares of Euronet Worldwide from $85.00 to $90.00 and gave the stock a “buy” rating in a report on Thursday, July 30th. Wolfe Research reduced their price target on Euronet Worldwide from $75.00 to $70.00 and set an “underperform” rating on the stock in a report on Tuesday, August 25th. DA Davidson reaffirmed a “buy” rating and set a $102.00 price target on shares of Euronet Worldwide in a research report on Friday, July 10th. Stephens began coverage on Euronet Worldwide in a research report on Friday, October 16th. They issued an “equal weight” rating and a $71.00 price objective on the stock. Finally, Weiss Ratings cut Euronet Worldwide from a “hold (c)” rating to a “hold (c-)” rating in a research note on Tuesday, August 11th. Two investment analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $81.60.

Euronet Worldwide Company Profile

Euronet Worldwide, Inc is a global provider of electronic payment and transaction-processing services. Founded in 1994 and headquartered in Leawood, Kansas, the company serves financial institutions, retailers, mobile network operators, businesses and consumers through operations in markets around the world.

Euronet operates through three principal business segments: electronic financial transactions, epay and money transfer. Its electronic financial transaction business provides automated teller machine (ATM) services, point-of-sale services, card outsourcing, electronic payment processing and related financial technology solutions.