Zacks: Analysts Expect Euronet Worldwide, Inc. (NASDAQ:EEFT) to Announce $0.73 EPS

Wall Street analysts expect Euronet Worldwide, Inc. (NASDAQ:EEFT) to post $0.73 earnings per share (EPS) for the current quarter, according to Zacks Investment Research. Two analysts have issued estimates for Euronet Worldwide’s earnings, with estimates ranging from $0.71 to $0.74. Euronet Worldwide reported earnings per share of $0.04 in the same quarter last year, which indicates a positive year over year growth rate of 1,725%. The company is scheduled to report its next earnings results on Wednesday, August 4th.

According to Zacks, analysts expect that Euronet Worldwide will report full year earnings of $4.36 per share for the current year, with EPS estimates ranging from $4.13 to $4.59. Zacks’ earnings per share calculations are an average based on a survey of analysts that follow Euronet Worldwide.

Euronet Worldwide (NASDAQ:EEFT) last issued its quarterly earnings data on Thursday, April 29th. The business services provider reported $0.23 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.41 by ($0.18). Euronet Worldwide had a positive return on equity of 8.39% and a negative net margin of 0.55%. The company had revenue of $652.70 million for the quarter, compared to the consensus estimate of $614.78 million.

Several research analysts recently commented on the stock. Zacks Investment Research cut shares of Euronet Worldwide from a “hold” rating to a “strong sell” rating and set a $121.00 target price for the company. in a report on Wednesday, May 5th. Truist increased their target price on shares of Euronet Worldwide from $195.00 to $225.00 in a report on Thursday, February 11th. Wells Fargo & Company increased their target price on shares of Euronet Worldwide from $165.00 to $180.00 and gave the stock an “overweight” rating in a report on Wednesday, March 17th. TheStreet cut shares of Euronet Worldwide from a “b-” rating to a “c+” rating in a research note on Thursday, April 1st. Finally, DA Davidson increased their price target on shares of Euronet Worldwide from $166.00 to $180.00 and gave the company a “buy” rating in a research note on Wednesday, March 17th. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and seven have given a buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus price target of $155.73.

EEFT traded down $1.52 during trading hours on Thursday, hitting $155.44. 238,688 shares of the company’s stock were exchanged, compared to its average volume of 338,797. Euronet Worldwide has a 1-year low of $86.06 and a 1-year high of $167.71. The firm has a 50-day moving average price of $146.12. The company has a market capitalization of $8.21 billion, a PE ratio of -570.05 and a beta of 1.66. The company has a debt-to-equity ratio of 0.81, a quick ratio of 1.76 and a current ratio of 1.76.

Hedge funds and other institutional investors have recently bought and sold shares of the company. Ameritas Investment Company LLC acquired a new stake in shares of Euronet Worldwide during the 1st quarter worth about $31,000. CWM LLC acquired a new stake in shares of Euronet Worldwide during the 4th quarter worth about $40,000. Whittier Trust Co. acquired a new stake in shares of Euronet Worldwide during the 1st quarter worth about $41,000. Harvest Fund Management Co. Ltd acquired a new stake in shares of Euronet Worldwide during the 1st quarter worth about $52,000. Finally, Quantbot Technologies LP acquired a new stake in shares of Euronet Worldwide during the 1st quarter worth about $52,000. Institutional investors own 92.08% 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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Earnings History and Estimates for Euronet Worldwide (NASDAQ:EEFT)

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