Shares of Euronet Worldwide, Inc. (NASDAQ:EEFT) have been assigned an average recommendation of “Hold” from the eleven analysts that are covering the company, Marketbeat Ratings reports. Two equities research analysts have rated the stock with a sell recommendation, two have given a hold recommendation and seven have given a buy recommendation to the company. The average 12-month target price among analysts that have issued a report on the stock in the last year is $107.14.
A number of brokerages have weighed in on EEFT. Zacks Investment Research lowered Euronet Worldwide from a “hold” rating to a “sell” rating in a research note on Thursday, April 26th. Goldman Sachs Group lowered Euronet Worldwide from a “buy” rating to a “neutral” rating and lowered their price objective for the company from $101.00 to $94.00 in a research note on Monday, June 11th. DA Davidson lowered their price objective on Euronet Worldwide to $108.00 and set a “buy” rating for the company in a research note on Tuesday, April 24th. BidaskClub lowered Euronet Worldwide from a “hold” rating to a “sell” rating in a research note on Friday, April 6th. Finally, Needham & Company LLC initiated coverage on Euronet Worldwide in a research note on Thursday, May 10th. They set a “buy” rating and a $100.00 price objective for the company.
Get Euronet Worldwide alerts:Euronet Worldwide traded down $0.35, reaching $85.40, during mid-day trading on Wednesday, according to Marketbeat Ratings. 470,100 shares of the company’s stock traded hands, compared to its average volume of 607,495. Euronet Worldwide has a 1-year low of $70.67 and a 1-year high of $101.07. The company has a quick ratio of 1.42, a current ratio of 1.42 and a debt-to-equity ratio of 0.52. The firm has a market cap of $4.40 billion, a PE ratio of 19.72, a price-to-earnings-growth ratio of 1.14 and a beta of 1.53.
Euronet Worldwide (NASDAQ:EEFT) last issued its quarterly earnings data on Wednesday, April 25th. The business services provider reported $0.73 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.73. Euronet Worldwide had a return on equity of 20.77% and a net margin of 6.66%. The firm had revenue of $550.50 million during the quarter, compared to analyst estimates of $535.93 million. During the same quarter last year, the firm earned $0.73 EPS. Euronet Worldwide’s quarterly revenue was up 16.3% on a year-over-year basis. analysts anticipate that Euronet Worldwide will post 5.03 earnings per share for the current year.
In other news, CEO Kevin J. Caponecchi sold 60,889 shares of Euronet Worldwide stock in a transaction that occurred on Tuesday, May 15th. The stock was sold at an average price of $82.00, for a total value of $4,992,898.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. 7.40% of the stock is currently owned by company insiders.
Institutional investors and hedge funds have recently modified their holdings of the company. Mount Yale Investment Advisors LLC bought a new stake in shares of Euronet Worldwide in the 1st quarter worth approximately $166,000. Amalgamated Bank raised its stake in Euronet Worldwide by 6.7% during the 1st quarter. Amalgamated Bank now owns 10,724 shares of the business services provider’s stock valued at $846,000 after acquiring an additional 678 shares in the last quarter. WINTON GROUP Ltd bought a new stake in Euronet Worldwide during the 1st quarter valued at $312,000. Xact Kapitalforvaltning AB raised its stake in Euronet Worldwide by 32.4% during the 1st quarter. Xact Kapitalforvaltning AB now owns 6,130 shares of the business services provider’s stock valued at $484,000 after acquiring an additional 1,500 shares in the last quarter. Finally, Atlantic Trust Group LLC raised its stake in Euronet Worldwide by 21.2% during the 1st quarter. Atlantic Trust Group LLC now owns 326,594 shares of the business services provider’s stock valued at $25,774,000 after acquiring an additional 57,070 shares in the last quarter.
About Euronet Worldwide
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.
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