Euronet Worldwide (NASDAQ:EEFT) released its quarterly earnings data on Friday. The business services provider reported $1.37 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.21 by $0.16, MarketWatch Earnings reports. The firm had revenue of $649.40 million for the quarter, compared to analyst estimates of $663.82 million. Euronet Worldwide had a net margin of 6.02% and a return on equity of 24.13%. The business’s quarterly revenue was up 7.4% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.13 earnings per share. Euronet Worldwide updated its Q1 guidance to ~$0.83 EPS.
NASDAQ:EEFT traded up $12.06 on Friday, reaching $127.39. The stock had a trading volume of 55,087 shares, compared to its average volume of 377,265. The firm has a market cap of $6.02 billion, a price-to-earnings ratio of 29.36, a price-to-earnings-growth ratio of 1.33 and a beta of 1.12. The company has a current ratio of 1.46, a quick ratio of 1.46 and a debt-to-equity ratio of 0.55. Euronet Worldwide has a 12-month low of $70.67 and a 12-month high of $121.93.
Several equities analysts have recently weighed in on the stock. Zacks Investment Research downgraded shares of Euronet Worldwide from a “buy” rating to a “hold” rating in a research note on Monday, December 17th. BidaskClub cut shares of Euronet Worldwide from a “strong-buy” rating to a “buy” rating in a report on Saturday, December 15th. One equities research analyst has rated the stock with a sell rating, one has given a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus price target of $127.56.
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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 operates in three segments: Electronic Financial Transaction (EFT) Processing, epay, and Money Transfer.
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