Euronet Worldwide (EEFT) Expected to Announce Earnings on Wednesday

Euronet Worldwide (NASDAQ:EEFT - Get Free Report) will likely be releasing its earnings data before the market opens on Wednesday, February 5th. Analysts expect Euronet Worldwide to post earnings of $2.05 per share and revenue of $1.05 billion for the quarter.

Euronet Worldwide Stock Down 0.6 %

EEFT stock traded down $0.57 during trading on Friday, reaching $98.50. The stock had a trading volume of 264,880 shares, compared to its average volume of 193,448. The company has a quick ratio of 1.26, a current ratio of 1.26 and a debt-to-equity ratio of 0.88. The company has a market capitalization of $4.33 billion, a price-to-earnings ratio of 14.23, a P/E/G ratio of 0.78 and a beta of 1.44. Euronet Worldwide has a one year low of $91.07 and a one year high of $117.66. The company's 50 day moving average is $102.10 and its two-hundred day moving average is $101.10.

Insiders Place Their Bets

In related news, SVP Martin L. Bruckner sold 9,397 shares of the stock in a transaction dated Monday, November 25th. The stock was sold at an average price of $107.31, for a total transaction of $1,008,392.07. Following the sale, the senior vice president now owns 39,983 shares of the company's stock, valued at approximately $4,290,575.73. This represents a 19.03 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Nikos Fountas sold 21,479 shares of the firm's stock in a transaction dated Monday, December 9th. The stock was sold at an average price of $103.56, for a total value of $2,224,365.24. Following the completion of the transaction, the chief executive officer now owns 52,370 shares of the company's stock, valued at approximately $5,423,437.20. This represents a 29.09 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 82,910 shares of company stock worth $8,780,102 over the last quarter. 10.50% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

A number of brokerages recently commented on EEFT. Citigroup downgraded Euronet Worldwide from a "buy" rating to a "neutral" rating and decreased their price target for the company from $118.00 to $110.00 in a research report on Friday, October 18th. Monness Crespi & Hardt raised Euronet Worldwide from a "hold" rating to a "strong-buy" rating in a research report on Thursday, October 24th. Oppenheimer cut their price target on shares of Euronet Worldwide from $135.00 to $128.00 and set an "outperform" rating on the stock in a report on Thursday, December 19th. Needham & Company LLC restated a "buy" rating and set a $120.00 price objective on shares of Euronet Worldwide in a report on Thursday, December 12th. Finally, StockNews.com upgraded shares of Euronet Worldwide from a "hold" rating to a "buy" rating in a research note on Monday, January 20th. Three research analysts have rated the stock with a hold rating, seven have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target of $126.25.

About Euronet Worldwide

Euronet Worldwide, Inc provides payment and transaction processing and distribution solutions to financial institutions, retailers, service providers, and individual consumers worldwide. It operates through three segments: Electronic Fund Transfer Processing, epay, and Money Transfer. The 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 and prepaid card outsourcing, card issuing, and merchant acquiring services.