Euronet Worldwide, Inc. (NASDAQ:EEFT) – Stock analysts at William Blair cut their FY2017 earnings per share estimates for shares of Euronet Worldwide in a research report issued to clients and investors on Monday. William Blair analyst C. Shutler now expects that the business services provider will post earnings of $4.33 per share for the year, down from their previous estimate of $4.34. William Blair has a “Market Perform” rating on the stock. William Blair also issued estimates for Euronet Worldwide’s FY2018 earnings at $5.07 EPS.
Euronet Worldwide (NASDAQ:EEFT) last announced its quarterly earnings data on Thursday, October 19th. The business services provider reported $1.61 earnings per share (EPS) for the quarter, meeting the consensus estimate of $1.61. The company had revenue of $637.90 million for the quarter, compared to analysts’ expectations of $595.09 million. Euronet Worldwide had a net margin of 9.63% and a return on equity of 22.46%. Euronet Worldwide’s revenue was up 21.7% compared to the same quarter last year. During the same period in the previous year, the company posted $1.35 EPS.
Euronet Worldwide (NASDAQ EEFT) opened at $86.27 on Wednesday. The company has a debt-to-equity ratio of 0.50, a current ratio of 1.48 and a quick ratio of 1.44. The stock has a market cap of $4,594.84, a price-to-earnings ratio of 20.92, a price-to-earnings-growth ratio of 1.34 and a beta of 1.36. Euronet Worldwide has a 12 month low of $70.51 and a 12 month high of $101.07.
In related news, CFO Rick Weller sold 12,400 shares of the stock in a transaction that occurred on Wednesday, December 13th. The shares were sold at an average price of $92.01, for a total transaction of $1,140,924.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Nikos Fountas sold 296 shares of the stock in a transaction that occurred on Thursday, December 14th. The stock was sold at an average price of $92.00, for a total transaction of $27,232.00. Following the sale, the chief executive officer now directly owns 550 shares of the company’s stock, valued at approximately $50,600. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 94,235 shares of company stock valued at $9,201,216. Corporate insiders own 7.70% of the company’s stock.
A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Vanguard Group Inc. boosted its holdings in Euronet Worldwide by 1.8% in the 2nd quarter. Vanguard Group Inc. now owns 3,958,608 shares of the business services provider’s stock worth $345,863,000 after acquiring an additional 69,689 shares during the period. Janus Henderson Group PLC purchased a new position in Euronet Worldwide in the 2nd quarter worth approximately $329,644,000. FMR LLC boosted its holdings in Euronet Worldwide by 4.1% in the 2nd quarter. FMR LLC now owns 3,536,948 shares of the business services provider’s stock worth $309,023,000 after acquiring an additional 138,659 shares during the period. Victory Capital Management Inc. boosted its holdings in Euronet Worldwide by 3.9% in the 2nd quarter. Victory Capital Management Inc. now owns 2,683,263 shares of the business services provider’s stock worth $234,437,000 after acquiring an additional 100,544 shares during the period. Finally, William Blair Investment Management LLC boosted its holdings in Euronet Worldwide by 4.8% in the 2nd quarter. William Blair Investment Management LLC now owns 879,475 shares of the business services provider’s stock worth $76,840,000 after acquiring an additional 40,129 shares during the period. 95.17% of the stock is owned by hedge funds and other institutional investors.
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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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