Euronet Worldwide, Inc. (NASDAQ:EEFT) has earned a consensus rating of “Buy” from the twelve brokerages that are presently covering the firm, MarketBeat.com reports. One analyst has rated the stock with a sell rating, one has issued a hold rating, nine have issued a buy rating and one has issued a strong buy rating on the company. The average 12-month target price among brokerages that have issued ratings on the stock in the last year is $139.57.
A number of equities analysts have recently issued reports on the company. Zacks Investment Research upgraded Euronet Worldwide from a “hold” rating to a “buy” rating and set a $117.00 price objective for the company in a report on Tuesday, December 18th. DA Davidson upped their price objective on Euronet Worldwide to $152.00 and gave the stock a “buy” rating in a report on Monday. SunTrust Banks upped their price objective on Euronet Worldwide to $145.00 and gave the stock a “buy” rating in a report on Monday. Needham & Company LLC reiterated a “buy” rating and issued a $160.00 price objective (up from $135.00) on shares of Euronet Worldwide in a report on Monday. Finally, BidaskClub upgraded Euronet Worldwide from a “buy” rating to a “strong-buy” rating in a report on Wednesday, January 16th.
Euronet Worldwide stock opened at $129.29 on Thursday. Euronet Worldwide has a 52 week low of $70.67 and a 52 week high of $134.00. The company has a debt-to-equity ratio of 0.55, a current ratio of 1.46 and a quick ratio of 1.46. The stock has a market cap of $6.64 billion, a P/E ratio of 24.35, a price-to-earnings-growth ratio of 1.44 and a beta of 1.12.
Euronet Worldwide (NASDAQ:EEFT) last posted its quarterly earnings data on Thursday, February 7th. The business services provider reported $1.37 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.21 by $0.16. Euronet Worldwide had a return on equity of 25.64% and a net margin of 9.18%. The firm had revenue of $649.40 million during the quarter, compared to analysts’ expectations of $663.82 million. During the same period in the prior year, the business earned $1.13 EPS. The company’s revenue for the quarter was up 7.4% compared to the same quarter last year. As a group, equities research analysts predict that Euronet Worldwide will post 6.58 earnings per share for the current fiscal year.
In related news, CFO Rick Weller sold 40,000 shares of the stock in a transaction dated Monday, December 3rd. The stock was sold at an average price of $120.31, for a total transaction of $4,812,400.00. Following the completion of the sale, the chief financial officer now directly owns 33,944 shares in the company, valued at approximately $4,083,802.64. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, VP Jeffrey B. Newman sold 5,000 shares of the stock in a transaction dated Tuesday, November 27th. The shares were sold at an average price of $112.16, for a total value of $560,800.00. The disclosure for this sale can be found here. Insiders sold a total of 162,439 shares of company stock valued at $19,215,436 over the last quarter. Company insiders own 7.40% of the company’s stock.
A number of hedge funds have recently modified their holdings of the stock. Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in Euronet Worldwide by 2.4% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 4,202 shares of the business services provider’s stock valued at $430,000 after acquiring an additional 100 shares during the period. CWM LLC boosted its holdings in Euronet Worldwide by 66.1% during the 4th quarter. CWM LLC now owns 294 shares of the business services provider’s stock valued at $30,000 after acquiring an additional 117 shares during the period. Renaissance Group LLC boosted its holdings in Euronet Worldwide by 2.5% during the 4th quarter. Renaissance Group LLC now owns 5,396 shares of the business services provider’s stock valued at $552,000 after acquiring an additional 134 shares during the period. Benjamin F. Edwards & Company Inc. boosted its holdings in Euronet Worldwide by 21.4% during the 4th quarter. Benjamin F. Edwards & Company Inc. now owns 850 shares of the business services provider’s stock valued at $87,000 after acquiring an additional 150 shares during the period. Finally, BB&T Securities LLC boosted its holdings in Euronet Worldwide by 2.9% during the 4th quarter. BB&T Securities LLC now owns 10,111 shares of the business services provider’s stock valued at $1,035,000 after acquiring an additional 284 shares during the period.
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. The company operates in three segments: Electronic Financial Transaction (EFT) Processing, epay, and Money Transfer.
Recommended Story: What is a front-end load?
Receive News & Ratings for Euronet Worldwide Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Euronet Worldwide and related companies with MarketBeat.com's FREE daily email newsletter.