Analysts Anticipate Euronet Worldwide, Inc. (NASDAQ:EEFT) Will Announce Quarterly Sales of $821.83 Million

Equities research analysts expect Euronet Worldwide, Inc. (NASDAQ:EEFT) to report $821.83 million in sales for the current quarter, Zacks reports. Six analysts have provided estimates for Euronet Worldwide’s earnings, with the lowest sales estimate coming in at $802.90 million and the highest estimate coming in at $848.00 million. Euronet Worldwide posted sales of $714.50 million in the same quarter last year, which suggests a positive year over year growth rate of 15%. The business is scheduled to report its next quarterly earnings report before the market opens on Wednesday, October 23rd.

On average, analysts expect that Euronet Worldwide will report full year sales of $2.82 billion for the current year, with estimates ranging from $2.80 billion to $2.85 billion. For the next year, analysts anticipate that the business will report sales of $3.13 billion, with estimates ranging from $3.06 billion to $3.19 billion. Zacks’ sales averages are an average based on a survey of sell-side analysts that follow Euronet Worldwide.

Euronet Worldwide (NASDAQ:EEFT) last released its quarterly earnings results on Tuesday, July 23rd. The business services provider reported $1.59 EPS for the quarter, missing the consensus estimate of $1.63 by ($0.04). The firm had revenue of $691.90 million for the quarter, compared to analyst estimates of $691.90 million. Euronet Worldwide had a return on equity of 24.94% and a net margin of 10.08%.



Several research analysts have weighed in on EEFT shares. Northland Securities reiterated a “buy” rating and issued a $175.00 target price on shares of Euronet Worldwide in a research note on Tuesday, October 1st. Citigroup lifted their target price on Euronet Worldwide from $168.00 to $189.00 and gave the company a “buy” rating in a research note on Monday, September 9th. DA Davidson downgraded Euronet Worldwide from a “buy” rating to a “neutral” rating and set a $161.20 target price on the stock. in a research note on Thursday, June 13th. They noted that the move was a valuation call. Wolfe Research started coverage on Euronet Worldwide in a research note on Wednesday, July 31st. They issued an “outperform” rating and a $200.00 target price on the stock. Finally, BidaskClub upgraded Euronet Worldwide from a “strong sell” rating to a “sell” rating in a research note on Friday, September 27th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and eight have assigned a buy rating to the company. The company currently has an average rating of “Buy” and an average target price of $168.80.

Shares of EEFT stock traded up $1.71 during midday trading on Friday, hitting $146.71. The company had a trading volume of 15,468 shares, compared to its average volume of 431,368. The company’s 50 day simple moving average is $148.34 and its 200 day simple moving average is $153.02. Euronet Worldwide has a 52-week low of $91.78 and a 52-week high of $171.25. The stock has a market cap of $8.02 billion, a price-to-earnings ratio of 27.63, a PEG ratio of 1.77 and a beta of 1.12. The company has a debt-to-equity ratio of 0.96, a current ratio of 1.82 and a quick ratio of 1.82.

In related news, CEO Juan Bianchi sold 20,994 shares of Euronet Worldwide stock in a transaction that occurred on Friday, August 30th. The stock was sold at an average price of $152.51, for a total value of $3,201,794.94. Following the sale, the chief executive officer now directly owns 20,994 shares in the company, valued at $3,201,794.94. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. 6.40% of the stock is owned by insiders.

Several institutional investors have recently bought and sold shares of the stock. Vanguard Group Inc. boosted its stake in shares of Euronet Worldwide by 4.9% in the second quarter. Vanguard Group Inc. now owns 4,799,013 shares of the business services provider’s stock valued at $807,386,000 after buying an additional 223,005 shares in the last quarter. BlackRock Inc. raised its holdings in Euronet Worldwide by 6.1% during the second quarter. BlackRock Inc. now owns 2,376,979 shares of the business services provider’s stock worth $399,903,000 after purchasing an additional 135,698 shares during the last quarter. Invesco Ltd. raised its holdings in Euronet Worldwide by 211.1% during the second quarter. Invesco Ltd. now owns 936,781 shares of the business services provider’s stock worth $157,603,000 after purchasing an additional 635,710 shares during the last quarter. Stephens Investment Management Group LLC raised its holdings in Euronet Worldwide by 0.9% during the second quarter. Stephens Investment Management Group LLC now owns 550,611 shares of the business services provider’s stock worth $92,635,000 after purchasing an additional 5,043 shares during the last quarter. Finally, Nuveen Asset Management LLC acquired a new position in Euronet Worldwide during the second quarter worth $84,681,000. Hedge funds and other institutional investors own 91.99% of the company’s stock.

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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Earnings History and Estimates for Euronet Worldwide (NASDAQ:EEFT)

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