Euronet Worldwide (EEFT) Set to Announce Earnings on Thursday

Euronet Worldwide (NASDAQ:EEFT) will post its quarterly earnings results before the market opens on Thursday, October 24th. Analysts expect the company to announce earnings of $2.92 per share for the quarter. Parties that are interested in participating in the company’s conference call can do so using this link.

Euronet Worldwide Trading Down 0.5 %

Euronet Worldwide stock opened at $97.06 on Wednesday. Euronet Worldwide has a 12 month low of $75.41 and a 12 month high of $117.66. The company has a market capitalization of $4.45 billion, a price-to-earnings ratio of 17.09 and a beta of 1.46. The business’s fifty day simple moving average is $100.47 and its two-hundred day simple moving average is $104.37. The company has a current ratio of 1.19, a quick ratio of 1.19 and a debt-to-equity ratio of 0.85.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on the stock. Citigroup cut shares of Euronet Worldwide from a “buy” rating to a “neutral” rating and dropped their price target for the stock from $118.00 to $110.00 in a research note on Friday, October 18th. Oppenheimer started coverage on shares of Euronet Worldwide in a research note on Tuesday, October 1st. They issued an “outperform” rating and a $121.00 target price on the stock. StockNews.com cut shares of Euronet Worldwide from a “buy” rating to a “hold” rating in a report on Friday, August 9th. DA Davidson restated a “buy” rating and issued a $136.00 price objective on shares of Euronet Worldwide in a report on Tuesday, October 8th. Finally, Monness Crespi & Hardt increased their target price on Euronet Worldwide from $140.00 to $145.00 and gave the company a “neutral” rating in a research note on Monday, July 22nd. Five equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. Based on data from MarketBeat.com, Euronet Worldwide has an average rating of “Moderate Buy” and a consensus target price of $122.56.

Insider Transactions at Euronet Worldwide

In related news, CEO Juan Bianchi sold 4,000 shares of the company’s stock in a transaction on Thursday, September 5th. The stock was sold at an average price of $102.58, for a total transaction of $410,320.00. Following the completion of the sale, the chief executive officer now owns 12,440 shares in the company, valued at approximately $1,276,095.20. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other Euronet Worldwide news, Director Thomas A. Mcdonnell purchased 3,206 shares of the company’s stock in a transaction dated Monday, August 5th. The shares were acquired at an average price of $93.86 per share, for a total transaction of $300,915.16. Following the purchase, the director now directly owns 90,000 shares of the company’s stock, valued at $8,447,400. The trade was a 0.00 % increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Juan Bianchi sold 4,000 shares of the business’s stock in a transaction on Thursday, September 5th. The shares were sold at an average price of $102.58, for a total transaction of $410,320.00. Following the sale, the chief executive officer now directly owns 12,440 shares of the company’s stock, valued at approximately $1,276,095.20. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Company 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.