Euronet Worldwide Inc. (EEFT) Updates Q4 Earnings Guidance
Euronet Worldwide Inc. (NASDAQ:EEFT) updated its fourth quarter earnings guidance on Wednesday. The company provided earnings per share guidance of $0.98-1.00 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $1.07.
Shares of Euronet Worldwide Inc. (NASDAQ:EEFT) opened at 74.69 on Wednesday. The firm has a 50-day moving average of $79.29 and a 200 day moving average of $77.60. The stock has a market capitalization of $3.90 billion, a PE ratio of 22.78 and a beta of 1.40. Euronet Worldwide Inc. has a 52-week low of $52.00 and a 52-week high of $84.81.
Several equities analysts have issued reports on the stock. Zacks Investment Research raised shares of Euronet Worldwide from a hold rating to a buy rating and set a $94.00 price objective on the stock in a report on Wednesday, October 12th. SunTrust Banks Inc. assumed coverage on shares of Euronet Worldwide in a report on Wednesday, October 12th. They set a buy rating and a $98.00 price objective on the stock. Two analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. The company has a consensus rating of Buy and an average target price of $88.14.
In other news, VP Jeffrey B. Newman sold 10,000 shares of the firm’s stock in a transaction dated Friday, November 4th. The shares were sold at an average price of $78.13, for a total value of $781,300.00. The transaction was disclosed in a filing with the SEC, which is available through this link. 7.30% of the stock is currently owned by insiders.
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A number of large investors have recently added to or reduced their stakes in the company. Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in Euronet Worldwide by 13.8% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,629 shares of the company’s stock valued at $133,000 after buying an additional 197 shares during the last quarter. BlackRock Japan Co. Ltd boosted its stake in Euronet Worldwide by 81.0% in the second quarter. BlackRock Japan Co. Ltd now owns 2,014 shares of the company’s stock valued at $139,000 after buying an additional 901 shares during the last quarter. The Manufacturers Life Insurance Company purchased a new stake in Euronet Worldwide during the third quarter valued at about $174,000. Verition Fund Management LLC purchased a new stake in Euronet Worldwide during the third quarter valued at about $225,000. Finally, Miles Capital Inc. purchased a new stake in Euronet Worldwide during the second quarter valued at about $230,000. Hedge funds and other institutional investors own 94.26% of the company’s stock.
About Euronet Worldwide
Euronet Worldwide, Inc is an electronic payments provider. The Company offers payment and transaction processing and distribution solutions to financial institutions, retailers, service providers and individual consumers. Its product offerings include automated teller machine (ATM), point-of-sale (POS), card outsourcing, card issuing and merchant acquiring services, electronic distribution of prepaid mobile airtime and other electronic payment products.
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