Euronet Worldwide (NASDAQ:EEFT) Announces Earnings Results

Euronet Worldwide (NASDAQ:EEFT - Get Free Report) announced its earnings results on Wednesday. The business services provider reported $3.03 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.92 by $0.11, Briefing.com reports. The business had revenue of $1.11 billion for the quarter, compared to analysts' expectations of $1.04 billion. Euronet Worldwide had a return on equity of 27.81% and a net margin of 7.46%. During the same quarter last year, the firm earned $2.53 EPS.

Euronet Worldwide Stock Performance

Shares of NASDAQ:EEFT traded down $1.76 on Friday, hitting $100.50. 399,843 shares of the company were exchanged, compared to its average volume of 306,077. The firm has a market capitalization of $4.61 billion, a P/E ratio of 17.69 and a beta of 1.46. The company has a current ratio of 1.19, a quick ratio of 1.19 and a debt-to-equity ratio of 0.85. Euronet Worldwide has a 1-year low of $75.41 and a 1-year high of $117.66. The stock's 50 day moving average price is $100.42 and its 200 day moving average price is $104.26.

Insider Activity

In other news, Director Thomas A. Mcdonnell purchased 3,206 shares of the stock in a transaction on Monday, August 5th. The stock was bought at an average price of $93.86 per share, with a total value of $300,915.16. Following the transaction, the director now owns 90,000 shares in the company, valued at $8,447,400. The trade was a 0.00 % increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other Euronet Worldwide news, Director Thomas A. Mcdonnell purchased 3,206 shares of the business's stock in a transaction that occurred on Monday, August 5th. The shares were bought at an average price of $93.86 per share, for a total transaction of $300,915.16. Following the acquisition, the director now owns 90,000 shares in the company, valued at $8,447,400. This represents a 0.00 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CEO Juan Bianchi sold 4,000 shares of the firm's stock in a transaction that occurred on Thursday, September 5th. The stock was sold at an average price of $102.58, for a total transaction of $410,320.00. Following the transaction, the chief executive officer now directly owns 12,440 shares of the company's stock, valued at $1,276,095.20. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 10.50% of the company's stock.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on EEFT. Citigroup downgraded Euronet Worldwide from a "buy" rating to a "neutral" rating and dropped their price objective for the company from $118.00 to $110.00 in a research report on Friday, October 18th. Oppenheimer assumed coverage on shares of Euronet Worldwide in a report on Tuesday, October 1st. They issued an "outperform" rating and a $121.00 price target on the stock. Monness Crespi & Hardt boosted their price objective on shares of Euronet Worldwide from $140.00 to $145.00 and gave the stock a "neutral" rating in a research note on Monday, July 22nd. StockNews.com cut shares of Euronet Worldwide from a "buy" rating to a "hold" rating in a research report on Friday, August 9th. Finally, DA Davidson reaffirmed a "buy" rating and issued a $136.00 price target on shares of Euronet Worldwide in a report on Tuesday, October 8th. Five investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company's stock. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and an average target price of $125.38.

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.