Q3 2024 EPS Estimates for Euronet Worldwide, Inc. Reduced by Analyst (NASDAQ:EEFT)

Posted by Defense World Staff on Jun 26th, 2023

Euronet Worldwide, Inc. (NASDAQ:EEFT – Get Rating) – Equities research analysts at Zacks Research cut their Q3 2024 earnings per share (EPS) estimates for Euronet Worldwide in a report released on Thursday, June 22nd. Zacks Research analyst D. Chatterjee now forecasts that the business services provider will earn $2.72 per share for the quarter, down from their prior forecast of $2.73. The consensus estimate for Euronet Worldwide’s current full-year earnings is $6.77 per share. Zacks Research also issued estimates for Euronet Worldwide’s Q4 2024 earnings at $1.58 EPS, FY2024 earnings at $7.37 EPS, Q1 2025 earnings at $1.59 EPS and FY2025 earnings at $8.05 EPS.

Euronet Worldwide (NASDAQ:EEFT – Get Rating) last posted its earnings results on Tuesday, May 2nd. The business services provider reported $0.60 earnings per share for the quarter, missing analysts’ consensus estimates of $0.68 by ($0.08). The firm had revenue of $787.20 million for the quarter, compared to analysts’ expectations of $769.46 million. Euronet Worldwide had a return on equity of 25.83% and a net margin of 7.15%.

A number of other equities analysts also recently issued reports on the stock. Truist Financial increased their price target on shares of Euronet Worldwide from $135.00 to $155.00 in a research note on Monday, May 22nd. 22nd Century Group reaffirmed a “maintains” rating on shares of Euronet Worldwide in a research note on Friday, May 19th. StockNews.com assumed coverage on shares of Euronet Worldwide in a research report on Thursday, May 18th. They set a “hold” rating for the company. Finally, TheStreet downgraded shares of Euronet Worldwide from a “b-” rating to a “c” rating in a research report on Wednesday, May 3rd. One research analyst has rated the stock with a sell rating, four have issued a hold rating and four have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $121.88.

Euronet Worldwide Stock Performance

Euronet Worldwide stock opened at $112.05 on Monday. The company has a current ratio of 1.75, a quick ratio of 1.75 and a debt-to-equity ratio of 1.29. The firm has a 50-day moving average of $112.04 and a 200-day moving average of $107.54. The firm has a market cap of $5.56 billion, a P/E ratio of 24.10 and a beta of 1.34. Euronet Worldwide has a 1-year low of $71.60 and a 1-year high of $121.55.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the company. Belpointe Asset Management LLC increased its stake in Euronet Worldwide by 236.9% during the 1st quarter. Belpointe Asset Management LLC now owns 219 shares of the business services provider’s stock valued at $25,000 after purchasing an additional 154 shares in the last quarter. Mitsubishi UFJ Trust & Banking Corp acquired a new position in Euronet Worldwide during the 1st quarter valued at approximately $28,000. CWM LLC increased its stake in Euronet Worldwide by 127.0% during the 4th quarter. CWM LLC now owns 404 shares of the business services provider’s stock valued at $38,000 after purchasing an additional 226 shares in the last quarter. Huntington National Bank increased its stake in Euronet Worldwide by 40.9% during the 4th quarter. Huntington National Bank now owns 472 shares of the business services provider’s stock valued at $45,000 after purchasing an additional 137 shares in the last quarter. Finally, Romano Brothers AND Company acquired a new stake in shares of Euronet Worldwide in the fourth quarter worth $56,000. Institutional investors own 95.22% of the company’s stock.

Insider Transactions at Euronet Worldwide

In related news, CEO Michael J. Brown sold 50,000 shares of the business’s stock in a transaction that occurred on Monday, May 22nd. The shares were sold at an average price of $120.69, for a total transaction of $6,034,500.00. Following the completion of the transaction, the chief executive officer now owns 1,487,361 shares in the company, valued at approximately $179,509,599.09. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Corporate insiders own 7.90% of the company’s stock.

About Euronet Worldwide

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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.