Stock analysts predict that Euronet Worldwide, Inc. (NASDAQ:EEFT – Get a rating) will report earnings per share (EPS) of $0.71 for the current fiscal quarter, according to Zacks Investment Research. Three analysts released earnings estimates for Euronet Worldwide, with the highest EPS estimate at $0.76 and the lowest estimate at $0.69. Euronet Worldwide reported earnings of $0.23 per share in the same quarter last year, which would indicate a positive growth rate of 208.7% year-over-year. The company is expected to announce its next earnings report before the market opens on Monday, January 1.

According to Zacks, analysts expect Euronet Worldwide to report annual earnings of $6.93 per share for the current fiscal year, with EPS estimates ranging from $6.86 to $7.00. For next year, analysts expect the company to report earnings of $9.28 per share, with EPS estimates ranging from $9.25 to $9.30. Zacks Investment Research’s earnings per share calculations are an average based on a survey of research analysts who follow Euronet Worldwide.

Euronet in the world (NASDAQ:EEFT – Get a rating) last released its quarterly earnings data on Wednesday, February 9. The business services provider reported earnings per share of $0.97 for the quarter, missing analyst consensus estimates of $1.25 per ($0.28). Euronet Worldwide achieved a net margin of 2.36% and a return on equity of 11.89%. The company posted revenue of $811.50 million for the quarter, versus analyst estimates of $807.42 million. In the same quarter last year, the company achieved EPS of $0.97.

Several analysts have weighed in on the company. Needham & Company LLC raised its target price on Euronet Worldwide from $165.00 to $190.00 and gave the company a “buy” rating in a research note on Friday, February 11. Zacks Investment Research downgraded Euronet Worldwide from a “hold” rating to a “strong sell” rating and set a target price of $120.00 for the stock. in a report on Thursday, February 17. UBS Group began its coverage on Euronet Worldwide in a report on Thursday, March 31. They issued a “buy” rating and a target price of $163.00 on the stock. StockNews.com launched coverage on Euronet Worldwide in a Thursday, March 31 report. They issued a “holding” rating on the stock. Finally, William Blair reiterated an “outperformance” rating on Euronet Worldwide shares in a report on Wednesday January 5th. One research analyst gave the stock a sell rating, one issued a hold rating and five issued a buy rating to the company. According to MarketBeat.com, the stock has a consensus buy quote and a consensus price target of $165.60.

Institutional investors and hedge funds have recently increased or reduced their stakes in the stock. First Horizon Advisors Inc. increased its position in Euronet Worldwide by 1,794.1% during the third quarter. First Horizon Advisors Inc. now owns 322 shares of the business services provider worth $36,000 after buying 305 additional shares in the last quarter. Carroll Investors Inc acquired a new equity stake in Euronet Worldwide in the fourth quarter worth approximately $37,000. Missouri Trust & Investment Co acquired a new equity stake in Euronet Worldwide in the fourth quarter worth approximately $51,000. First Mercantile Trust Co. increased its position in Euronet Worldwide shares by 42.1% in the third quarter. First Mercantile Trust Co. now owns 405 shares of the business services provider worth $52,000 after buying 120 more shares in the last quarter. Finally, James Reed Financial Services Inc. acquired a new stake in Euronet Worldwide stock in the fourth quarter worth approximately $52,000. 94.99% of the shares are held by hedge funds and other institutional investors.

Shares of NASDAQ TEE opened at $132.92 on Friday. The company has a market capitalization of $6.80 billion, a price-earnings ratio of 101.47 and a beta of 1.43. Euronet Worldwide has a 12-month low of $96.30 and a 12-month high of $159.32. The company has a current ratio of 1.79, a quick ratio of 1.79 and a debt ratio of 1.13. The stock’s 50-day simple moving average is $127.46 and its 200-day simple moving average is $123.52.

About Euronet Worldwide (Get a 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 Funds 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), credit and debit card outsourcing, card management, merchant acquiring and issuing services.

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