Euronet Worldwide (EEFT) to Release Quarterly Earnings on Wednesday

Euronet Worldwide (NASDAQ:EEFT) will likely be posting its quarterly earnings results before the market opens on Wednesday, February 5th. Analysts expect Euronet Worldwide to post earnings of $2.05 per share and revenue of $1.05 billion for the quarter.

Euronet Worldwide Stock Performance

Shares of EEFT opened at $97.67 on Tuesday. The stock has a market cap of $4.29 billion, a P/E ratio of 14.11, a P/E/G ratio of 0.78 and a beta of 1.43. The stock has a 50-day moving average of $101.92 and a two-hundred day moving average of $101.00. The company has a debt-to-equity ratio of 0.88, a quick ratio of 1.26 and a current ratio of 1.26. Euronet Worldwide has a one year low of $91.07 and a one year high of $117.66.

Analyst Ratings Changes

EEFT has been the subject of a number of analyst reports. Oppenheimer reduced their price target on Euronet Worldwide from $135.00 to $128.00 and set an “outperform” rating for the company in a report on Thursday, December 19th. Monness Crespi & Hardt raised Euronet Worldwide from a “hold” rating to a “strong-buy” rating in a report on Thursday, October 24th. Citigroup lowered Euronet Worldwide from a “buy” rating to a “neutral” rating and cut their price objective for the stock from $118.00 to $110.00 in a research note on Friday, October 18th. Needham & Company LLC reiterated a “buy” rating and set a $120.00 price objective on shares of Euronet Worldwide in a research note on Thursday, December 12th. Finally, StockNews.com upgraded Euronet Worldwide from a “hold” rating to a “buy” rating in a research note on Monday, January 20th. Three research analysts have rated the stock with a hold rating, six have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $127.14.

Insiders Place Their Bets

In other news, CEO Nikos Fountas sold 21,479 shares of the stock in a transaction on Monday, December 9th. The stock was sold at an average price of $103.56, for a total value of $2,224,365.24. Following the sale, the chief executive officer now directly owns 52,370 shares in the company, valued at approximately $5,423,437.20. This trade represents a 29.09 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP Martin L. Bruckner sold 9,397 shares of the stock in a transaction on Monday, November 25th. The shares were sold at an average price of $107.31, for a total value of $1,008,392.07. Following the completion of the sale, the senior vice president now owns 39,983 shares in the company, valued at approximately $4,290,575.73. The trade was a 19.03 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 82,910 shares of company stock worth $8,780,102 over the last ninety days. Corporate insiders own 10.50% 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.