Brokerages expect that Euronet Worldwide, Inc. (NASDAQ:EEFT – Get Rating) will announce $806.01 million in sales for the current fiscal quarter, according to Zacks. Three analysts have provided estimates for Euronet Worldwide’s earnings. The highest sales estimate is $815.44 million and the lowest is $789.10 million. Euronet Worldwide posted sales of $714.70 million in the same quarter last year, which would indicate a positive year over year growth rate of 12.8%. The firm is scheduled to report its next earnings report on Monday, January 1st.
On average, analysts expect that Euronet Worldwide will report full-year sales of $3.42 billion for the current fiscal year, with estimates ranging from $3.25 billion to $3.65 billion. For the next fiscal year, analysts anticipate that the business will report sales of $4.00 billion, with estimates ranging from $3.88 billion to $4.12 billion. Zacks’ sales averages are a mean average based on a survey of sell-side analysts that cover Euronet Worldwide.
Euronet Worldwide (NASDAQ:EEFT – Get Rating) last posted its earnings results on Wednesday, April 27th. The business services provider reported $0.69 EPS for the quarter, missing the consensus estimate of $0.72 by ($0.03). Euronet Worldwide had a return on equity of 14.04% and a net margin of 2.89%. The business had revenue of $718.50 million for the quarter, compared to analyst estimates of $726.46 million. During the same quarter in the prior year, the business earned $0.11 earnings per share. The firm’s quarterly revenue was up 10.1% on a year-over-year basis.
NASDAQ:EEFT traded up $5.27 during mid-day trading on Monday, hitting $115.52. 361,565 shares of the company’s stock were exchanged, compared to its average volume of 439,895. The company has a 50 day simple moving average of $125.04 and a 200-day simple moving average of $122.76. The company has a current ratio of 1.77, a quick ratio of 1.77 and a debt-to-equity ratio of 1.54. Euronet Worldwide has a fifty-two week low of $96.30 and a fifty-two week high of $159.32. The firm has a market capitalization of $5.84 billion, a P/E ratio of 70.44 and a beta of 1.38.
Hedge funds and other institutional investors have recently bought and sold shares of the stock. Rice Hall James & Associates LLC grew its position in Euronet Worldwide by 8.0% in the 3rd quarter. Rice Hall James & Associates LLC now owns 336,764 shares of the business services provider’s stock valued at $42,863,000 after purchasing an additional 24,810 shares during the period. UMB Bank N A MO purchased a new position in Euronet Worldwide during the 4th quarter worth $562,000. Cubist Systematic Strategies LLC boosted its holdings in Euronet Worldwide by 50.7% during the 3rd quarter. Cubist Systematic Strategies LLC now owns 38,183 shares of the business services provider’s stock worth $4,860,000 after acquiring an additional 12,850 shares during the last quarter. Missouri Trust & Investment Co purchased a new position in Euronet Worldwide during the 4th quarter worth $51,000. Finally, First Mercantile Trust Co. boosted its holdings in Euronet Worldwide by 42.1% during the 3rd quarter. First Mercantile Trust Co. now owns 405 shares of the business services provider’s stock worth $52,000 after acquiring an additional 120 shares during the last quarter. 94.42% of the stock is owned by institutional investors and hedge funds.
About Euronet Worldwide (Get Rating)
Euronet Worldwide, Inc provides payment and transaction processing and distribution solutions to financial institutions, agents, retailers, merchants, content providers, and individual consumers worldwide. The company's 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 card outsourcing, card issuing, and merchant acquiring services.
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