Euronet Worldwide, Inc. (NASDAQ: EEFT) Expected to Report Earnings of $ 0.73 per Share
Equity research analysts predict that Euronet Worldwide, Inc. (NASDAQ: EEFT) will report earnings per share (EPS) of $ 0.73 for the current quarter, Zacks investment research reports. Two analysts provided revenue estimates for Euronet Worldwide, with estimates ranging from $ 0.71 to $ 0.74. Euronet Worldwide reported earnings of $ 0.04 per share for the same quarter last year, which would indicate a positive growth rate of 1,725% year-on-year. The company is expected to release its next results on Wednesday August 4.
According to Zacks, analysts predict Euronet Worldwide will report annual earnings of $ 4.36 per share for the current year, with EPS estimates ranging from $ 4.13 to $ 4.59. Zacks’ EPS averages are an average based on a survey of analysts who follow Euronet Worldwide.
Euronet Worldwide (NASDAQ: EEFT) last reported its results on Thursday, April 29. The business services provider reported earnings per share of $ 0.23 for the quarter, missing Thomson Reuters’ consensus estimate of $ 0.41 ($ 0.18). The company posted revenue of $ 652.70 million in the quarter, compared to analysts’ expectations 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 research analysts have commented on the title. Zacks investment research Downgraded Euronet Worldwide’s shares from a âholdâ rating to a âstrong sellâ rating and set a target price of $ 121.00 per share. in a research report on Wednesday May 5. Needham & Company LLC raised its price target for Euronet Worldwide shares from $ 170.00 to $ 185.00 and gave the company a “buy” rating in a research report on Thursday, March 4. Wells Fargo & Company raised its price target for Euronet Worldwide shares from $ 165.00 to $ 180.00 and assigned the company an “overweight” rating in a research report published on Wednesday, March 17. DA Davidson raised its price target on Euronet Worldwide shares from $ 166.00 to $ 180.00 and gave the company a “buy” rating in a report released on Wednesday, March 17. Finally, Truist raised its price target on Euronet Worldwide shares from $ 195.00 to $ 225 in a report released on Thursday, February 11. One research analyst rated the stock with a sell rating, another assigned a conservation rating, and seven assigned a buy rating to the company’s stock. Euronet Worldwide currently has a consensus rating of âBuyâ and a consensus price target of $ 155.73.
The NASDAQ EEFT opened at $ 149.34 on Thursday. The company has a quick ratio of 1.76, a current ratio of 1.76, and a debt ratio of 0.81. The stock has a market cap of $ 7.88 billion, a P / E ratio of -553.09 and a beta of 1.67. The company’s 50-day simple moving average is $ 144.75. Euronet Worldwide has a one-year minimum of $ 86.06 and a one-year maximum of $ 167.71.
Hedge funds and other institutional investors have recently changed their positions in the company. The Illinois Municipal Retirement Fund increased its stake in Euronet Worldwide by 108.9% in the 4th quarter. The Illinois Municipal Retirement Fund now owns 9,660 shares of the business service provider valued at $ 1,400,000 after acquiring an additional 5,035 shares in the last quarter. FIL Ltd acquired a new stake in Euronet Worldwide in the 4th quarter for $ 14,512,000. Strs Ohio bought a new stake in Euronet Worldwide in the 1st quarter valued at $ 1,388,000. Alyeska Investment Group LP acquired a new stake in Euronet Worldwide in the 4th quarter for a value of $ 5,221,000. Finally, Icon Advisers Inc. Co. increased its stake in Euronet Worldwide by 9.5% in the 4th quarter. Icon Advisers Inc. Co. now owns 67,977 shares of the business services provider valued at $ 9,851,000 after acquiring an additional 5,900 shares in the last quarter. Institutional investors and hedge funds hold 92.08% 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.
See also: How Do 12b-1 Charges Affect Fund Performance?
For more information on Zacks Investment Research’s research offerings, visit Zacks.com
This instant news alert was powered by storytelling technology and MarketBeat financial data to provide readers with the fastest, most accurate reports. This story was reviewed by the MarketBeat editorial team prior to publication. Please send any questions or comments about this story to [emailÂ protected]
Featured article: What is an economic bubble?
7 cyclical stocks that can help you play defense
A cyclical stock is a stock that produces returns influenced by macroeconomic or systematic changes in the economy at large. In strong economic times, these stocks tend to show strong growth as they are influenced by discretionary consumer spending. Of course, this means that the opposite is also true. When the economy is weak, these stocks may retreat more than other stocks.
Cyclical stocks span many sectors, but travel and entertainment stocks spring to mind. Airlines, hotels and restaurants are all examples of cyclical industries that do well in times of economic growth, but are among the first to fall back in times of recession.
Why do cyclical stocks deserve a place in an investor’s portfolio? Believe it or not, that’s for the relative predictability they offer. Investors may like to speculate in growth stocks, but these are prone to bubbles. That’s not to say that cyclical stocks aren’t volatile, but they do offer a bit more predictable price movement.
In this special presentation, we take a look at cyclical stocks that look strong emerging from the pandemic. And some of those stocks have held up well during the pandemic, which means they’re starting from a more solid base.
Check out the “7 Cyclical Actions That Can Help You Play Defense.”