Brokerages predict that Euronet Worldwide, Inc. (NASDAQ:EEFT) will announce sales of $620.37 million for the current quarter, Zacks reports. Three analysts have issued estimates for Euronet Worldwide’s earnings, with the highest sales estimate coming in at $628.00 million and the lowest estimate coming in at $609.70 million. Euronet Worldwide posted sales of $577.50 million in the same quarter last year, which would indicate a positive year over year growth rate of 7.4%. The business is expected to report its next quarterly earnings results on Monday, May 4th.

On average, analysts expect that Euronet Worldwide will report full year sales of $2.98 billion for the current fiscal year, with estimates ranging from $2.97 billion to $3.01 billion. For the next fiscal year, analysts forecast that the firm will report sales of $3.30 billion, with estimates ranging from $3.27 billion to $3.34 billion. Zacks’ sales calculations are an average based on a survey of research analysts that that provide coverage for Euronet Worldwide.

Euronet Worldwide (NASDAQ:EEFT) last posted its quarterly earnings data on Tuesday, February 11th. The business services provider reported $1.63 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.61 by $0.02. Euronet Worldwide had a net margin of 12.61% and a return on equity of 27.10%. The company had revenue of $693.70 million for the quarter, compared to analyst estimates of $712.40 million.

A number of analysts recently weighed in on EEFT shares. BidaskClub lowered shares of Euronet Worldwide from a “sell” rating to a “strong sell” rating in a research report on Friday. Needham & Company LLC reissued a “buy” rating and issued a $175.00 price objective on shares of Euronet Worldwide in a research report on Tuesday, February 11th. DA Davidson raised their target price on shares of Euronet Worldwide from $174.00 to $180.00 and gave the stock a “buy” rating in a research report on Thursday, December 19th. SunTrust Banks reduced their target price on shares of Euronet Worldwide from $190.00 to $180.00 and set a “buy” rating on the stock in a research report on Wednesday, February 12th. Finally, ValuEngine raised shares of Euronet Worldwide from a “sell” rating to a “hold” rating in a research report on Tuesday, February 11th. One research analyst has rated the stock with a sell rating, one has issued a hold rating and eight have assigned a buy rating to the company. The stock has a consensus rating of “Buy” and an average target price of $180.50.

In other news, SVP Martin L. Bruckner sold 12,893 shares of the stock in a transaction that occurred on Friday, December 13th. The shares were sold at an average price of $153.97, for a total transaction of $1,985,135.21. Following the transaction, the senior vice president now directly owns 17,898 shares in the company, valued at $2,755,755.06. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CEO Nikos Fountas sold 70,755 shares of the stock in a transaction that occurred on Friday, December 6th. The shares were sold at an average price of $157.36, for a total transaction of $11,134,006.80. Following the transaction, the chief executive officer now owns 40,505 shares in the company, valued at $6,373,866.80. The disclosure for this sale can be found here. Company insiders own 6.40% of the company’s stock.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Cim LLC boosted its stake in shares of Euronet Worldwide by 1.2% during the fourth quarter. Cim LLC now owns 5,798 shares of the business services provider’s stock valued at $914,000 after purchasing an additional 69 shares in the last quarter. Creative Planning boosted its stake in shares of Euronet Worldwide by 0.3% during the third quarter. Creative Planning now owns 27,408 shares of the business services provider’s stock valued at $4,010,000 after purchasing an additional 76 shares in the last quarter. Comerica Bank boosted its stake in shares of Euronet Worldwide by 3.8% during the fourth quarter. Comerica Bank now owns 2,323 shares of the business services provider’s stock valued at $376,000 after purchasing an additional 84 shares in the last quarter. Argent Capital Management LLC boosted its stake in shares of Euronet Worldwide by 1.2% during the fourth quarter. Argent Capital Management LLC now owns 7,079 shares of the business services provider’s stock valued at $1,115,000 after purchasing an additional 85 shares in the last quarter. Finally, Pinnacle Financial Partners Inc. boosted its stake in shares of Euronet Worldwide by 5.8% during the third quarter. Pinnacle Financial Partners Inc. now owns 1,596 shares of the business services provider’s stock valued at $234,000 after purchasing an additional 88 shares in the last quarter. Hedge funds and other institutional investors own 89.04% of the company’s stock.

Euronet Worldwide stock traded down $2.36 during midday trading on Monday, reaching $138.00. The stock had a trading volume of 992,997 shares, compared to its average volume of 494,039. The company has a quick ratio of 1.88, a current ratio of 1.88 and a debt-to-equity ratio of 0.90. Euronet Worldwide has a 52-week low of $131.32 and a 52-week high of $171.25. The firm has a market cap of $7.58 billion, a price-to-earnings ratio of 22.12, a price-to-earnings-growth ratio of 1.87 and a beta of 0.99. The company has a fifty day moving average of $156.46 and a 200 day moving average of $152.25.

About Euronet Worldwide

Euronet Worldwide, Inc provides payment and transaction processing and distribution solutions to financial institutions, retailers, service providers, and individual consumers worldwide. The company's Electronic Financial Transaction (EFT) 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) management solutions, credit and debit card outsourcing, card issuing, and merchant acquiring services.

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