Euronet Worldwide, Inc. (NASDAQ:EEFT – Free Report) – Research analysts at Northland Capmk decreased their FY2024 EPS estimates for Euronet Worldwide in a research report issued on Thursday, September 12th. Northland Capmk analyst M. Grondahl now expects that the business services provider will earn $7.66 per share for the year, down from their previous estimate of $7.73. The consensus estimate for Euronet Worldwide’s current full-year earnings is $7.88 per share.
Euronet Worldwide (NASDAQ:EEFT – Get Free Report) last released its quarterly earnings results on Thursday, July 18th. The business services provider reported $2.25 EPS for the quarter, topping analysts’ consensus estimates of $2.04 by $0.21. The business had revenue of $986.20 million for the quarter, compared to analyst estimates of $1.09 billion. Euronet Worldwide had a return on equity of 27.81% and a net margin of 7.46%. Euronet Worldwide’s revenue for the quarter was up 5.0% on a year-over-year basis. During the same period in the prior year, the company earned $1.84 EPS.
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Euronet Worldwide Price Performance
EEFT opened at $99.81 on Monday. The company has a debt-to-equity ratio of 0.85, a current ratio of 1.19 and a quick ratio of 1.19. The company’s 50 day simple moving average is $101.42 and its 200-day simple moving average is $106.30. Euronet Worldwide has a one year low of $73.84 and a one year high of $117.66. The stock has a market capitalization of $4.58 billion, a P/E ratio of 17.55 and a beta of 1.46.
Insider Buying and Selling at Euronet Worldwide
In other news, CEO Juan Bianchi sold 4,000 shares of Euronet Worldwide stock in a transaction dated Thursday, September 5th. The stock was sold at an average price of $102.58, for a total transaction of $410,320.00. Following the transaction, the chief executive officer now owns 12,440 shares in the company, valued at approximately $1,276,095.20. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In other news, Director Thomas A. Mcdonnell purchased 3,206 shares of the company’s stock in a transaction on Monday, August 5th. The shares were purchased at an average price of $93.86 per share, with a total value of $300,915.16. Following the purchase, the director now directly owns 90,000 shares of the company’s stock, valued at approximately $8,447,400. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, CEO Juan Bianchi sold 4,000 shares of the company’s stock in a transaction dated Thursday, September 5th. The stock was sold at an average price of $102.58, for a total value of $410,320.00. Following the transaction, the chief executive officer now directly owns 12,440 shares of the company’s stock, valued at $1,276,095.20. The disclosure for this sale can be found here. Insiders own 10.50% of the company’s stock.
Institutional Investors Weigh In On Euronet Worldwide
Several institutional investors have recently bought and sold shares of EEFT. Arizona State Retirement System lifted its position in shares of Euronet Worldwide by 1.1% in the second quarter. Arizona State Retirement System now owns 12,176 shares of the business services provider’s stock worth $1,260,000 after purchasing an additional 135 shares in the last quarter. Vanguard Personalized Indexing Management LLC grew its stake in shares of Euronet Worldwide by 6.5% in the second quarter. Vanguard Personalized Indexing Management LLC now owns 2,350 shares of the business services provider’s stock valued at $243,000 after buying an additional 143 shares in the last quarter. State of Michigan Retirement System lifted its stake in Euronet Worldwide by 1.9% in the first quarter. State of Michigan Retirement System now owns 10,717 shares of the business services provider’s stock valued at $1,178,000 after acquiring an additional 200 shares during the last quarter. Fifth Third Bancorp raised its holdings in shares of Euronet Worldwide by 14.7% in the 2nd quarter. Fifth Third Bancorp now owns 1,588 shares of the business services provider’s stock valued at $164,000 after purchasing an additional 203 shares during the period. Finally, State Board of Administration of Florida Retirement System raised its stake in Euronet Worldwide by 0.4% in the first quarter. State Board of Administration of Florida Retirement System now owns 54,289 shares of the business services provider’s stock valued at $6,075,000 after buying an additional 215 shares during the period. Institutional investors own 91.60% 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. It operates through three segments: Electronic Fund Transfer Processing, epay, and Money Transfer. The Electronic Fund Transfer 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 and prepaid card outsourcing, card issuing, and merchant acquiring services.
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