Euronet Worldwide (EEFT) Scheduled to Post Quarterly Earnings on Wednesday

Posted by Defense World Staff on Apr 26th, 2023

Euronet Worldwide (NASDAQ:EEFT – Get Rating) is set to post its quarterly earnings results before the market opens on Wednesday, May 3rd. Analysts expect Euronet Worldwide to post earnings of $0.85 per share for the quarter. Persons that are interested in participating in the company’s earnings conference call can do so using this link.

Euronet Worldwide (NASDAQ:EEFT – Get Rating) last released its quarterly earnings data on Tuesday, February 7th. The business services provider reported $1.12 earnings per share for the quarter, topping the consensus estimate of $1.02 by $0.10. Euronet Worldwide had a net margin of 6.94% and a return on equity of 26.26%. The company had revenue of $865.70 million for the quarter, compared to analyst estimates of $865.14 million. On average, analysts expect Euronet Worldwide to post $7 EPS for the current fiscal year and $8 EPS for the next fiscal year.

Euronet Worldwide Stock Down 2.7 %

Shares of EEFT opened at $107.49 on Wednesday. The company has a debt-to-equity ratio of 1.29, a quick ratio of 1.58 and a current ratio of 1.58. The firm has a market cap of $5.36 billion, a P/E ratio of 24.26 and a beta of 1.34. Euronet Worldwide has a 52 week low of $71.60 and a 52 week high of $137.80. The firm’s 50-day simple moving average is $108.48 and its 200 day simple moving average is $99.40.

Insider Activity at Euronet Worldwide

In related news, CEO Nikos Fountas sold 4,280 shares of the firm’s stock in a transaction dated Friday, March 10th. The shares were sold at an average price of $103.06, for a total transaction of $441,096.80. Following the transaction, the chief executive officer now directly owns 31,529 shares of the company’s stock, valued at $3,249,378.74. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 6.70% of the stock is owned by insiders.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in EEFT. Cambridge Investment Research Advisors Inc. purchased a new stake in Euronet Worldwide during the first quarter worth about $211,000. Bank of Montreal Can increased its holdings in Euronet Worldwide by 39.2% during the first quarter. Bank of Montreal Can now owns 12,604 shares of the business services provider’s stock worth $1,587,000 after buying an additional 3,549 shares during the last quarter. Rhumbline Advisers increased its holdings in Euronet Worldwide by 169.2% during the first quarter. Rhumbline Advisers now owns 140,005 shares of the business services provider’s stock worth $18,222,000 after buying an additional 87,988 shares during the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS purchased a new stake in Euronet Worldwide during the first quarter worth about $2,521,000. Finally, Great West Life Assurance Co. Can increased its holdings in Euronet Worldwide by 886.4% during the first quarter. Great West Life Assurance Co. Can now owns 28,734 shares of the business services provider’s stock worth $3,844,000 after buying an additional 25,821 shares during the last quarter. 93.16% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of research firms have issued reports on EEFT. Wolfe Research downgraded shares of Euronet Worldwide from a “peer perform” rating to an “underperform” rating and set a $98.00 price objective for the company. in a report on Thursday, January 5th. UBS Group upped their price target on shares of Euronet Worldwide from $131.00 to $135.00 and gave the stock a “buy” rating in a report on Thursday, February 9th. Needham & Company LLC upped their price target on shares of Euronet Worldwide from $105.00 to $140.00 and gave the stock a “buy” rating in a report on Thursday, February 9th. Stephens reaffirmed an “equal weight” rating and set a $100.00 price target on shares of Euronet Worldwide in a report on Wednesday, February 8th. Finally, TheStreet raised shares of Euronet Worldwide from a “c+” rating to a “b-” rating in a report on Friday, April 14th. One analyst has rated the stock with a sell rating, four have assigned a hold rating and four have given a buy rating to the stock. According to data from MarketBeat.com, Euronet Worldwide presently has an average rating of “Hold” and a consensus target price of $119.38.

Euronet Worldwide Company Profile

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Euronet Worldwide, Inc engages in the provision of electronic payment and transaction processing and distribution solutions. Its products and services include automated teller machine (ATM), point-of-sale (POS), card outsourcing, card issuing and merchant acquiring services, software solutions and cloud based payment solutions, electronic distribution of electronic payment products, foreign exchange services, and international payment services.