$ 688.12 million in expected sales for Euronet Worldwide, Inc. (NASDAQ: EEFT) this quarter
Brokerage firms expect Euronet Worldwide, Inc. (NASDAQ: EEFT) to report revenue of $ 688.12 million for the current fiscal quarter, Zack reports. Two analysts estimated Euronet Worldwide’s earnings, with the highest revenue estimate at $ 690.23 million and the lowest estimate at $ 686.00 million. Euronet Worldwide reported revenue of $ 527.80 million in the same quarter last year, suggesting a positive growth rate of 30.4% year-on-year. The company is expected to announce its next quarterly earnings report on Wednesday, August 4.
On average, analysts expect Euronet Worldwide to report annual revenue of $ 2.88 billion for the current year, with estimates ranging from $ 2.80 billion to $ 2.97 billion. . For the next fiscal year, analysts expect the company to report revenue of $ 3.56 billion. Zacks Investment Research sales calculations are an average based on a survey of sales analysts who provide coverage for Euronet Worldwide.
Euronet Worldwide (NASDAQ: EEFT) last published its quarterly results on Thursday, April 29. The business services provider reported earnings per share (EPS) of $ 0.23 for the quarter, missing the Thomson Reuters consensus estimate of $ 0.41 ($ 0.18). The company posted revenue of $ 652.70 million in the quarter, compared to a consensus estimate of $ 614.78 million. Euronet Worldwide posted a negative net margin of 0.55% and a positive return on equity of 8.39%.
A number of brokerage firms have weighed in on EEFT. Needham & Company LLC reiterated a “buy” note and set a price target of $ 180.00 on Euronet Worldwide shares in a research note on Wednesday, June 30. DA Davidson raised its price target on Euronet Worldwide shares from $ 166.00 to $ 180.00 and assigned the company a “buy” rating in a report released on Wednesday, March 17. TheStreet downgraded Euronet Worldwide’s rating from a “b-” rating to a “c +” rating in a research note on Thursday April 1. Wells Fargo & Company raised its price target on Euronet Worldwide shares from $ 165.00 to $ 180.00 and assigned the company an “overweight” rating in a report released on Wednesday, March 17. To finish, Zacks investment research raised Euronet Worldwide’s shares from a “sell” rating to a “conservation” rating and set a price target of $ 143.00 for the company in a research note on Wednesday, June 30. Two investment analysts gave the stock a conservation rating and seven gave the stock a buy rating. The company currently has a consensus rating of “Buy” and an average price target of $ 157.27.
Actions of NASDAQ: EEFT open for $ 139.06 Tuesday. Euronet Worldwide has a one-year low at $ 86.06 and a one-year high at $ 167.71. The company’s 50-day simple moving average is $ 144.30. The company has a leverage ratio of 0.81, a quick ratio of 1.76, and a current ratio of 1.76. The stock has a market cap of $ 7.34 billion, a P / E ratio of -515.02 and a beta of 1.64.
In related news, director Jeannine Strandjord bought 1,166 shares of the company in a transaction dated Tuesday, June 15. The shares were purchased at an average price of $ 146.50 per share, for a total transaction of $ 170,819.00. Following the completion of the acquisition, the director now directly owns 48,000 shares of the company, valued at $ 7,032,000. The acquisition was disclosed in a document filed with the SEC, which is available at this hyperlink. 6.20% of the shares are held by insiders.
Hedge funds recently bought and sold shares in the company. Ameritas Investment Company LLC purchased a new position in Euronet Worldwide in the 1st quarter for a value of approximately $ 31,000. Whittier Trust Co. purchased a new stake in Euronet Worldwide in the first quarter valued at approximately $ 41,000. Harvest Fund Management Co. Ltd. purchased a new position in Euronet Worldwide during the first quarter for a value of approximately $ 52,000. Quantbot Technologies LP acquired a new stake in Euronet Worldwide during the first quarter for a value of approximately $ 52,000. Finally, Captrust Financial Advisors acquired during the first quarter a new equity participation in Euronet Worldwide for an amount of $ 178,000. Hedge funds and other institutional investors hold 91.78% of the company’s shares.
Profile of Euronet in the world
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 Money Transfer Processing segment provides electronic payment solutions including ATM cash withdrawal and deposit services, ATM network participation, outsourced management solutions ATMs and point of sale (POS), credit and debit card outsourcing, issuance and merchant acquisition services.
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