Euronet Worldwide, Inc. (NASDAQ:EEFT) – Equities research analysts at DA Davidson raised their Q2 2019 earnings per share estimates for shares of Euronet Worldwide in a research note issued to investors on Monday, March 18th. DA Davidson analyst P. Heckmann now expects that the business services provider will post earnings per share of $1.49 for the quarter, up from their prior estimate of $1.47. DA Davidson has a “Reduce” rating and a $160.00 price objective on the stock. DA Davidson also issued estimates for Euronet Worldwide’s FY2019 earnings at $6.59 EPS, Q1 2020 earnings at $0.93 EPS, Q2 2020 earnings at $1.73 EPS, Q3 2020 earnings at $3.32 EPS, Q4 2020 earnings at $1.69 EPS and FY2020 earnings at $7.67 EPS.
Get Euronet Worldwide alerts: EEFT has been the subject of a number of other reports. SunTrust Banks increased their price objective on shares of Euronet Worldwide to $145.00 and gave the stock a “buy” rating in a research note on Monday, February 11th. Zacks Investment Research raised shares of Euronet Worldwide from a “hold” rating to a “buy” rating and set a $117.00 price objective for the company in a research note on Tuesday, December 18th. BidaskClub raised shares of Euronet Worldwide from a “buy” rating to a “strong-buy” rating in a research note on Tuesday, November 27th. Needham & Company LLC reissued a “buy” rating and issued a $160.00 price objective (up from $135.00) on shares of Euronet Worldwide in a research note on Monday, February 11th. Finally, Piper Jaffray Companies increased their price objective on shares of Euronet Worldwide to $159.00 in a research note on Tuesday, March 5th. One equities research analyst has one has assigned a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the stock. The stock presently “Buy” and an average target price of $143.50.
Shares of NASDAQ EEFT opened at $140.45 on Wednesday. The company has a debt-to-equity ratio of 0.49, a current ratio of 1.51 and a quick ratio of 1.51. The firm has $7.25 billion, a PE ratio of 26.45, a PEG ratio of 1.58 and a beta of 1.27. Euronet Worldwide has a 1 year low of $70.67 and a 1 year high of $143.17.
Euronet Worldwide (NASDAQ:EEFT) last announced its quarterly earnings data on Thursday, February 7th. The business services provider reported $1.37 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.21 by $0.16. The firm had revenue of $649.40 million during the quarter, compared to analysts’ expectations of $663.82 million. Euronet Worldwide had a net margin of 9.18% and a return on equity of 25.05%. The company’s revenue for the quarter was up 7.4% compared to the same quarter last year. During the same period in the prior year, the company posted $1.13 earnings per share.
Hedge funds have recently added to or reduced their stakes in the business. FDx Advisors Inc. lifted its position in Euronet Worldwide by 43.5% during the third quarter. FDx Advisors Inc. now owns 7,366 shares of the business services provider’s stock valued at $738,000 after purchasing an additional 2,234 shares during the last quarter. William Blair Investment Management LLC lifted its position in Euronet Worldwide by 77.9% during the third quarter. William Blair Investment Management LLC now owns 2,238,824 shares of the business services provider’s stock valued at $224,375,000 after purchasing an additional 980,390 shares during the last quarter. ClariVest Asset Management LLC bought a new position in Euronet Worldwide during the fourth quarter valued at $2,099,000. FMR LLC lifted its position in Euronet Worldwide by 0.3% during the third quarter. FMR LLC now owns 1,394,095 shares of the business services provider’s stock valued at $139,716,000 after purchasing an additional 4,227 shares during the last quarter. Finally, Polen Capital Management LLC lifted its holdings in shares of Euronet Worldwide by 46.7% in the 4th quarter. Polen Capital Management LLC now owns 5,635 shares of the business services provider’s stock worth $577,000 after acquiring an additional 1,793 shares during the last quarter. Institutional investors and hedge funds own 99.92% of the company’s stock.
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.
Further Reading: What does cost of debt say about a company’s financial health?
Euronet Worldwide Euronet Worldwide
