Euronet Worldwide (EEFT) to Release Earnings on Wednesday

Euronet Worldwide (NASDAQ:EEFT) will be posting its quarterly earnings results before the market opens on Wednesday, May 1st. Analysts expect Euronet Worldwide to post earnings of $1.00 per share for the quarter. Individual that wish to listen to the company’s earnings conference call can do so using this link.

Euronet Worldwide (NASDAQ:EEFT) last announced its quarterly earnings results on Wednesday, February 7th. The business services provider reported $1.88 earnings per share for the quarter, beating analysts’ consensus estimates of $1.54 by $0.34. Euronet Worldwide had a return on equity of 25.23% and a net margin of 7.63%. The firm had revenue of $957.70 million for the quarter, compared to analysts’ expectations of $844.59 million. During the same period in the prior year, the business posted $1.12 earnings per share. The business’s revenue was up 10.6% compared to the same quarter last year. On average, analysts expect Euronet Worldwide to post $8 EPS for the current fiscal year and $9 EPS for the next fiscal year.

Euronet Worldwide Stock Performance

Shares of NASDAQ:EEFT opened at $105.81 on Wednesday. The business’s fifty day moving average price is $107.80 and its two-hundred day moving average price is $96.88. Euronet Worldwide has a fifty-two week low of $73.84 and a fifty-two week high of $121.55. The stock has a market capitalization of $4.85 billion, a price-to-earnings ratio of 19.17 and a beta of 1.39. The company has a debt-to-equity ratio of 1.37, a current ratio of 1.54 and a quick ratio of 1.54.

Analyst Upgrades and Downgrades

Several brokerages have recently commented on EEFT. Citigroup upgraded Euronet Worldwide from a “neutral” rating to a “buy” rating and increased their target price for the stock from $116.00 to $120.00 in a report on Monday. Evercore ISI increased their target price on Euronet Worldwide from $118.00 to $135.00 and gave the stock an “outperform” rating in a report on Tuesday, March 26th. Stephens upgraded Euronet Worldwide from an “equal weight” rating to an “overweight” rating and set a $120.00 target price on the stock in a report on Thursday, February 1st. StockNews.com raised Euronet Worldwide from a “hold” rating to a “buy” rating in a research note on Thursday, February 15th. Finally, Needham & Company LLC upped their price target on Euronet Worldwide from $115.00 to $120.00 and gave the company a “buy” rating in a research note on Wednesday, February 7th. Nine analysts have rated the stock with a buy rating, Based on data from MarketBeat, Euronet Worldwide presently has an average rating of “Buy” and an average price target of $120.75.

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.