Analysts Expect Euronet Worldwide, Inc. (EEFT) Will Post Quarterly Sales of $692.33 Million

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Brokerages forecast that Euronet Worldwide, Inc. (NASDAQ:EEFT) will announce $692.33 million in sales for the current quarter, according to Zacks. Six analysts have issued estimates for Euronet Worldwide’s earnings. The highest sales estimate is $731.00 million and the lowest is $670.10 million. Euronet Worldwide reported sales of $622.20 million during the same quarter last year, which indicates a positive year over year growth rate of 11.3%. The firm is expected to announce its next earnings report on Tuesday, July 23rd.

According to Zacks, analysts expect that Euronet Worldwide will report full year sales of $2.84 billion for the current financial year, with estimates ranging from $2.72 billion to $2.98 billion. For the next financial year, analysts forecast that the business will post sales of $3.17 billion, with estimates ranging from $2.95 billion to $3.39 billion. Zacks’ sales calculations are an average based on a survey of research firms that follow Euronet Worldwide.

Euronet Worldwide (NASDAQ:EEFT) last posted its earnings results on Monday, April 29th. The business services provider reported $0.85 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.83 by $0.02. Euronet Worldwide had a net margin of 9.40% and a return on equity of 24.83%. The business had revenue of $577.50 million for the quarter, compared to analysts’ expectations of $602.73 million. During the same period in the prior year, the company posted $0.73 EPS. The business’s revenue for the quarter was up 4.9% compared to the same quarter last year.

Several analysts have issued reports on the stock. Wells Fargo & Co increased their target price on shares of Euronet Worldwide from $150.00 to $164.00 and gave the stock an “outperform” rating in a research note on Thursday, April 11th. They noted that the move was a valuation call. DA Davidson increased their target price on shares of Euronet Worldwide to $165.00 and gave the stock an “average” rating in a research note on Friday, April 5th. They noted that the move was a valuation call. Piper Jaffray Companies increased their target price on shares of Euronet Worldwide to $159.00 in a research note on Tuesday, March 5th. Zacks Investment Research upgraded shares of Euronet Worldwide from a “hold” rating to a “buy” rating and set a $145.00 target price on the stock in a research note on Thursday, February 14th. Finally, SunTrust Banks increased their target price on shares of Euronet Worldwide to $145.00 and gave the stock a “buy” rating in a research note on Monday, February 11th. Two research analysts have rated the stock with a hold rating, nine have issued a buy rating and one has given a strong buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average target price of $145.88.

Several large investors have recently modified their holdings of the company. Utah Retirement Systems grew its holdings in shares of Euronet Worldwide by 1.0% during the 1st quarter. Utah Retirement Systems now owns 9,295 shares of the business services provider’s stock valued at $1,325,000 after purchasing an additional 95 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in shares of Euronet Worldwide by 2.4% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 4,202 shares of the business services provider’s stock valued at $430,000 after purchasing an additional 100 shares during the last quarter. CWM LLC grew its holdings in shares of Euronet Worldwide by 66.1% during the 4th quarter. CWM LLC now owns 294 shares of the business services provider’s stock valued at $30,000 after purchasing an additional 117 shares during the last quarter. Renaissance Group LLC grew its holdings in shares of Euronet Worldwide by 2.5% during the 4th quarter. Renaissance Group LLC now owns 5,396 shares of the business services provider’s stock valued at $552,000 after purchasing an additional 134 shares during the last quarter. Finally, Montag & Caldwell LLC grew its holdings in shares of Euronet Worldwide by 4.2% during the 1st quarter. Montag & Caldwell LLC now owns 3,578 shares of the business services provider’s stock valued at $510,000 after purchasing an additional 144 shares during the last quarter.

NASDAQ EEFT traded up $2.25 on Monday, hitting $158.39. The stock had a trading volume of 180,379 shares, compared to its average volume of 515,519. Euronet Worldwide has a 52-week low of $80.12 and a 52-week high of $158.80. The company has a debt-to-equity ratio of 0.50, a current ratio of 1.28 and a quick ratio of 1.28. The stock has a market capitalization of $8.21 billion, a PE ratio of 29.83, a P/E/G ratio of 1.74 and a beta of 1.27.

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'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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