Euronet Worldwide, Inc. (NASDAQ:EEFT) – Equities researchers at William Blair issued their Q1 2022 earnings per share (EPS) estimates for Euronet Worldwide in a research report issued to clients and investors on Wednesday, February 10th. William Blair analyst C. Shutler forecasts that the business services provider will post earnings per share of $0.84 for the quarter. William Blair also issued estimates for Euronet Worldwide’s Q2 2022 earnings at $1.81 EPS, Q3 2022 earnings at $2.99 EPS, Q4 2022 earnings at $1.88 EPS and FY2022 earnings at $7.51 EPS.
Several other analysts have also recently commented on the company. Needham & Company LLC raised their target price on Euronet Worldwide from $115.00 to $170.00 and gave the company a “buy” rating in a research report on Thursday, February 11th. Citigroup Inc. 3% Minimum Coupon Principal Protected Based Upon Russell lifted their price objective on shares of Euronet Worldwide from $112.00 to $122.00 in a research note on Monday, November 16th. Truist increased their target price on shares of Euronet Worldwide from $195.00 to $225.00 in a research report on Thursday, February 11th. Citigroup raised shares of Euronet Worldwide from a “neutral” rating to a “buy” rating and raised their target price for the company from $122.00 to $161.00 in a research note on Tuesday, January 26th. Finally, Smith Barney Citigroup upped their price target on shares of Euronet Worldwide from $112.00 to $122.00 in a research note on Monday, November 16th. One investment analyst has rated the stock with a hold rating, seven have given a buy rating and one has given a strong buy rating to the stock. The company currently has an average rating of “Buy” and an average price target of $153.45.
EEFT opened at $148.41 on Monday. The company has a current ratio of 1.85, a quick ratio of 1.85 and a debt-to-equity ratio of 0.87. The business’s 50 day moving average is $139.42 and its 200-day moving average is $116.06. The stock has a market cap of $7.76 billion, a PE ratio of 280.02 and a beta of 1.60. Euronet Worldwide has a twelve month low of $61.27 and a twelve month high of $151.63.
Euronet Worldwide (NASDAQ:EEFT) last posted its earnings results on Monday, February 8th. The business services provider reported $1.11 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.72 by $0.39. Euronet Worldwide had a net margin of 1.33% and a return on equity of 12.31%. The firm had revenue of $706.60 million during the quarter, compared to analyst estimates of $654.94 million. During the same period in the previous year, the business posted $1.63 EPS. Euronet Worldwide’s revenue was up 1.9% on a year-over-year basis.
In related news, Director Andrzej Olechowski sold 2,496 shares of the stock in a transaction that occurred on Wednesday, November 25th. The shares were sold at an average price of $134.99, for a total transaction of $336,935.04. Following the completion of the sale, the director now directly owns 10,000 shares of the company’s stock, valued at $1,349,900. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 6.30% of the stock is owned by insiders.
Several institutional investors have recently made changes to their positions in EEFT. Squarepoint Ops LLC boosted its position in shares of Euronet Worldwide by 145.5% in the 4th quarter. Squarepoint Ops LLC now owns 30,957 shares of the business services provider’s stock valued at $4,486,000 after purchasing an additional 18,347 shares during the period. MARSHALL WACE ASIA Ltd purchased a new stake in Euronet Worldwide during the fourth quarter valued at about $23,683,000. Glenmede Trust Co. NA lifted its stake in Euronet Worldwide by 37.4% during the fourth quarter. Glenmede Trust Co. NA now owns 4,441 shares of the business services provider’s stock valued at $642,000 after buying an additional 1,208 shares in the last quarter. Alyeska Investment Group L.P. acquired a new position in shares of Euronet Worldwide in the fourth quarter worth about $5,221,000. Finally, Cardinal Capital Management LLC CT increased its position in shares of Euronet Worldwide by 84.3% in the fourth quarter. Cardinal Capital Management LLC CT now owns 203,790 shares of the business services provider’s stock worth $29,533,000 after acquiring an additional 93,229 shares in the last quarter. 92.94% of the stock is currently owned by institutional investors.
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 Fund Transfer (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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