Euronet Worldwide, Inc. (EEFT) Expected to Post Quarterly Sales of $524.38 Million
Brokerages expect Euronet Worldwide, Inc. (NASDAQ:EEFT) to announce sales of $524.38 million for the current fiscal quarter, Zacks reports. Three analysts have provided estimates for Euronet Worldwide’s earnings, with estimates ranging from $511.50 million to $545.23 million. Euronet Worldwide posted sales of $473.40 million during the same quarter last year, which would indicate a positive year-over-year growth rate of 10.8%. The business is expected to announce its next earnings results on Tuesday, April 24th.
On average, analysts expect that Euronet Worldwide will report full year sales of $524.38 million for the current fiscal year, with estimates ranging from $2.38 billion to $2.59 billion. For the next year, analysts forecast that the company will report sales of $2.75 billion per share, with estimates ranging from $2.74 billion to $2.77 billion. Zacks Investment Research’s sales averages are a mean average based on a survey of sell-side research firms that that provide coverage for Euronet Worldwide.
Euronet Worldwide (NASDAQ:EEFT) last posted its earnings results on Wednesday, February 7th. The business services provider reported $1.13 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.12 by $0.01. Euronet Worldwide had a net margin of 6.97% and a return on equity of 22.41%. The firm had revenue of $604.60 million during the quarter, compared to analysts’ expectations of $609.53 million. During the same period last year, the company posted $0.99 EPS. The company’s quarterly revenue was up 16.3% compared to the same quarter last year.
Euronet Worldwide (NASDAQ:EEFT) traded down $0.78 during trading hours on Thursday, hitting $78.70. 1,039,414 shares of the stock traded hands, compared to its average volume of 551,356. Euronet Worldwide has a 12-month low of $76.26 and a 12-month high of $101.07. The company has a debt-to-equity ratio of 0.50, a quick ratio of 1.44 and a current ratio of 1.48. The stock has a market cap of $4,145.99, a PE ratio of 28.01, a price-to-earnings-growth ratio of 1.03 and a beta of 1.43.
In related news, CEO Michael J. Brown sold 20,000 shares of Euronet Worldwide stock in a transaction dated Thursday, February 1st. The shares were sold at an average price of $91.22, for a total transaction of $1,824,400.00. Following the completion of the transaction, the chief executive officer now directly owns 1,522,348 shares of the company’s stock, valued at approximately $138,868,584.56. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CFO Rick Weller sold 12,400 shares of Euronet Worldwide stock in a transaction dated Wednesday, December 13th. The shares were sold at an average price of $92.01, for a total transaction of $1,140,924.00. Following the transaction, the chief financial officer now directly owns 80,285 shares of the company’s stock, valued at $7,387,022.85. The disclosure for this sale can be found here. Over the last three months, insiders have sold 48,297 shares of company stock valued at $4,428,004. 7.70% of the stock is currently owned by corporate insiders.
Large investors have recently added to or reduced their stakes in the business. Parametric Portfolio Associates LLC increased its stake in Euronet Worldwide by 3.8% during the 2nd quarter. Parametric Portfolio Associates LLC now owns 64,547 shares of the business services provider’s stock valued at $5,639,000 after purchasing an additional 2,361 shares in the last quarter. California Public Employees Retirement System increased its stake in Euronet Worldwide by 2.9% during the 3rd quarter. California Public Employees Retirement System now owns 92,373 shares of the business services provider’s stock valued at $8,756,000 after purchasing an additional 2,573 shares in the last quarter. Magnetar Financial LLC increased its stake in Euronet Worldwide by 514.3% during the 3rd quarter. Magnetar Financial LLC now owns 15,326 shares of the business services provider’s stock valued at $1,453,000 after purchasing an additional 12,831 shares in the last quarter. Public Employees Retirement System of Ohio increased its stake in Euronet Worldwide by 2.1% during the 3rd quarter. Public Employees Retirement System of Ohio now owns 180,924 shares of the business services provider’s stock valued at $17,150,000 after purchasing an additional 3,712 shares in the last quarter. Finally, GSA Capital Partners LLP bought a new stake in Euronet Worldwide during the 3rd quarter valued at about $1,031,000. Institutional investors and hedge funds own 93.68% of the company’s stock.
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Euronet Worldwide Company Profile
Euronet Worldwide, Inc is an electronic payments provider. The Company offers payment and transaction processing and distribution solutions to financial institutions, retailers, service providers and individual consumers. Its product offerings include automated teller machine (ATM), point-of-sale (POS), card outsourcing, card issuing and merchant acquiring services, electronic distribution of prepaid mobile airtime and other electronic payment products.
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