Euronet Worldwide (NASDAQ:EEFT – Get Rating) issued its quarterly earnings results on Wednesday. The business services provider reported $0.69 EPS for the quarter, missing analysts’ consensus estimates of $0.72 by ($0.03), MarketWatch Earnings reports. The business had revenue of $718.50 million for the quarter, compared to analyst estimates of $726.46 million. Euronet Worldwide had a net margin of 2.36% and a return on equity of 11.89%. Euronet Worldwide’s revenue for the quarter was up 10.1% on a year-over-year basis. During the same period last year, the business posted $0.11 earnings per share.
NASDAQ:EEFT traded down $2.92 during mid-day trading on Wednesday, reaching $128.53. 5,038 shares of the stock were exchanged, compared to its average volume of 641,672. The business has a fifty day moving average price of $126.61 and a 200 day moving average price of $123.68. The firm has a market capitalization of $6.58 billion, a PE ratio of 100.34 and a beta of 1.43. Euronet Worldwide has a 1-year low of $96.30 and a 1-year high of $159.32. The company has a current ratio of 1.79, a quick ratio of 1.79 and a debt-to-equity ratio of 1.13.
A number of research analysts have recently commented on EEFT shares. UBS Group started coverage on Euronet Worldwide in a report on Thursday, March 31st. They set a “buy” rating and a $163.00 price target on the stock. Zacks Investment Research lowered Euronet Worldwide from a “hold” rating to a “strong sell” rating and set a $120.00 price target on the stock. in a report on Thursday, February 17th. Keefe, Bruyette & Woods started coverage on Euronet Worldwide in a report on Thursday, April 21st. They set an “outperform” rating and a $164.00 price target on the stock. William Blair reissued an “outperform” rating on shares of Euronet Worldwide in a report on Wednesday, January 5th. Finally, StockNews.com initiated coverage on Euronet Worldwide in a report on Thursday, March 31st. They set a “hold” rating on the stock. One analyst has rated the stock with a sell rating, one has assigned a hold rating and six have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Euronet Worldwide currently has an average rating of “Buy” and an average target price of $165.33.
Euronet Worldwide Company Profile (Get Rating)
Euronet Worldwide, Inc provides payment and transaction processing and distribution solutions to financial institutions, agents, retailers, merchants, content providers, and individual consumers worldwide. The company's 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 card outsourcing, card issuing, and merchant acquiring services.
- Get a free copy of the StockNews.com research report on Euronet Worldwide (EEFT)
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