Shares of Euronet Worldwide, Inc. (NASDAQ:EEFT) have received an average recommendation of “Buy” from the thirteen analysts that are presently covering the company, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the company. The average twelve-month price target among brokers that have updated their coverage on the stock in the last year is $128.88.
Several research analysts have recently commented on EEFT shares. BidaskClub raised Euronet Worldwide from a “buy” rating to a “strong-buy” rating in a report on Tuesday, November 27th. Wells Fargo & Co reissued an “outperform” rating and set a $150.00 price objective on shares of Euronet Worldwide in a report on Tuesday, October 2nd. ValuEngine raised Euronet Worldwide from a “hold” rating to a “buy” rating in a report on Tuesday, October 2nd. William Blair raised Euronet Worldwide from a “market perform” rating to an “outperform” rating in a report on Monday, October 1st. Finally, DA Davidson boosted their price objective on Euronet Worldwide from $114.00 to $140.00 and gave the stock a “buy” rating in a report on Thursday, October 4th.
In related news, CEO Michael J. Brown sold 50,000 shares of the business’s stock in a transaction that occurred on Wednesday, September 12th. The stock was sold at an average price of $101.05, for a total value of $5,052,500.00. Following the completion of the sale, the chief executive officer now owns 1,511,118 shares in the company, valued at approximately $152,698,473.90. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, VP Jeffrey B. Newman sold 5,000 shares of the business’s stock in a transaction that occurred on Wednesday, September 5th. The stock was sold at an average price of $97.26, for a total value of $486,300.00. The disclosure for this sale can be found here. Insiders have sold 272,690 shares of company stock valued at $29,546,219 in the last three months. 7.40% of the stock is owned by insiders.
EEFT stock opened at $120.53 on Friday. The company has a quick ratio of 1.46, a current ratio of 1.46 and a debt-to-equity ratio of 0.55. The stock has a market cap of $6.06 billion, a price-to-earnings ratio of 27.84, a P/E/G ratio of 1.68 and a beta of 1.06. Euronet Worldwide has a twelve month low of $70.67 and a twelve month high of $121.93.
Euronet Worldwide (NASDAQ:EEFT) last posted its earnings results on Thursday, October 18th. The business services provider reported $2.09 earnings per share for the quarter, beating the Zacks’ consensus estimate of $2.04 by $0.05. The business had revenue of $714.50 million during the quarter, compared to analyst estimates of $709.33 million. Euronet Worldwide had a return on equity of 24.13% and a net margin of 6.02%. Sell-side analysts expect that Euronet Worldwide will post 5.25 EPS for the current fiscal year.
Euronet Worldwide Company Profile
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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