Euronet Worldwide (EEFT) to Release Quarterly Earnings on Thursday

Euronet Worldwide (NASDAQ:EEFT) is expected to be issuing its quarterly earnings data before the market opens on Thursday, February 13th. Analysts expect the company to announce earnings of $2.05 per share for the quarter.

Euronet Worldwide Trading Down 2.3 %

Shares of EEFT stock opened at $97.23 on Friday. The company has a debt-to-equity ratio of 0.88, a quick ratio of 1.26 and a current ratio of 1.26. The firm has a fifty day moving average of $101.52 and a 200-day moving average of $100.94. The stock has a market cap of $4.27 billion, a price-to-earnings ratio of 14.05, a P/E/G ratio of 0.78 and a beta of 1.43. Euronet Worldwide has a 52-week low of $91.07 and a 52-week high of $117.66.

Analyst Upgrades and Downgrades

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

Insider Transactions at Euronet Worldwide

In other news, SVP Martin L. Bruckner sold 9,397 shares of the stock in a transaction that occurred on Monday, November 25th. The stock was 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 of the company’s stock, valued at approximately $4,290,575.73. This represents a 19.03 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CEO Nikos Fountas sold 21,479 shares of the business’s stock in a transaction on Monday, December 9th. The stock was sold at an average price of $103.56, for a total transaction of $2,224,365.24. Following the transaction, the chief executive officer now owns 52,370 shares in the company, valued at approximately $5,423,437.20. The trade was a 29.09 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 82,910 shares of company stock valued at $8,780,102 over the last 90 days. 10.50% of the stock is owned by corporate insiders.

Euronet Worldwide Company Profile

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.