Euronet Worldwide, Inc. (EEFT) to Post Q1 2018 Earnings of $0.68 Per Share, DA Davidson Forecasts
Euronet Worldwide, Inc. (NASDAQ:EEFT) – DA Davidson dropped their Q1 2018 earnings per share estimates for shares of Euronet Worldwide in a note issued to investors on Thursday. DA Davidson analyst P. Heckmann now forecasts that the business services provider will earn $0.68 per share for the quarter, down from their previous estimate of $0.78. DA Davidson has a “Buy” rating and a $118.00 price target on the stock. DA Davidson also issued estimates for Euronet Worldwide’s Q3 2018 earnings at $1.95 EPS.
Several other research analysts have also recently issued reports on EEFT. Lake Street Capital raised their price objective on Euronet Worldwide from $100.00 to $106.00 and gave the stock a “buy” rating in a research note on Thursday, February 8th. Zacks Investment Research raised Euronet Worldwide from a “sell” rating to a “hold” rating in a report on Monday, February 5th. BidaskClub lowered Euronet Worldwide from a “hold” rating to a “sell” rating in a report on Wednesday, January 31st. Northland Securities reaffirmed a “buy” rating and set a $110.00 target price on shares of Euronet Worldwide in a report on Thursday, October 19th. Finally, Piper Jaffray Companies reaffirmed a “buy” rating and set a $112.00 target price on shares of Euronet Worldwide in a report on Sunday, October 22nd. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and seven have given a buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average price target of $111.71.
Euronet Worldwide (NASDAQ:EEFT) last announced its quarterly earnings data on Wednesday, February 7th. The business services provider reported $1.13 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.12 by $0.01. Euronet Worldwide had a return on equity of 22.41% and a net margin of 6.97%. 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 business posted $0.99 earnings per share. The company’s revenue for the quarter was up 16.3% compared to the same quarter last year.
A number of institutional investors and hedge funds have recently modified their holdings of EEFT. American International Group Inc. acquired a new stake in Euronet Worldwide in the fourth quarter valued at approximately $100,000. Delpha Capital Management LLC acquired a new stake in Euronet Worldwide in the fourth quarter valued at approximately $101,000. Bristlecone Advisors LLC acquired a new stake in Euronet Worldwide in the third quarter valued at approximately $113,000. FNY Managed Accounts LLC acquired a new stake in Euronet Worldwide in the fourth quarter valued at approximately $126,000. Finally, The Manufacturers Life Insurance Company grew its holdings in Euronet Worldwide by 7.3% in the second quarter. The Manufacturers Life Insurance Company now owns 1,696 shares of the business services provider’s stock valued at $149,000 after purchasing an additional 116 shares during the period. 95.62% of the stock is currently owned by institutional investors.
In other Euronet Worldwide news, CEO Michael J. Brown sold 20,000 shares of the firm’s stock in a transaction that occurred on Thursday, February 1st. The stock was sold at an average price of $91.22, for a total value of $1,824,400.00. Following the sale, the chief executive officer now directly owns 1,522,348 shares of the company’s stock, valued at $138,868,584.56. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CEO Nikos Fountas sold 296 shares of the firm’s stock in a transaction that occurred on Thursday, December 14th. The shares were sold at an average price of $92.00, for a total value of $27,232.00. Following the completion of the sale, the chief executive officer now directly owns 550 shares in the company, valued at $50,600. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 48,297 shares of company stock worth $4,428,004. 7.70% of the stock is owned by corporate insiders.
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About Euronet Worldwide
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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