Euronet Worldwide (NASDAQ:EEFT) Issues Quarterly Earnings Results, Misses Expectations By $0.23 EPS

Euronet Worldwide (NASDAQ:EEFT) posted its earnings results on Wednesday. The business services provider reported $1.82 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.05 by ($0.23), Zacks reports. Euronet Worldwide had a return on equity of 26.86% and a net margin of 8.49%.

Euronet Worldwide Price Performance

Shares of NASDAQ:EEFT traded up $0.73 during trading on Friday, hitting $104.64. 215,879 shares of the stock were exchanged, compared to its average volume of 292,874. The company has a market cap of $4.60 billion, a PE ratio of 15.13, a P/E/G ratio of 0.77 and a beta of 1.43. Euronet Worldwide has a 12-month low of $91.07 and a 12-month high of $117.66. The company has a fifty day moving average price of $100.80 and a two-hundred day moving average price of $100.85. The company has a current ratio of 1.26, a quick ratio of 1.26 and a debt-to-equity ratio of 0.88.

Insider Activity at Euronet Worldwide

In other Euronet Worldwide news, CEO Kevin J. Caponecchi sold 52,034 shares of the company’s stock in a transaction that occurred on Monday, November 25th. The stock was sold at an average price of $106.61, for a total value of $5,547,344.74. Following the completion of the transaction, the chief executive officer now owns 90,288 shares in the company, valued at $9,625,603.68. This represents a 36.56 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Nikos Fountas sold 21,479 shares of the stock in a transaction that occurred on Monday, December 9th. The shares were sold at an average price of $103.56, for a total transaction of $2,224,365.24. Following the completion of the sale, the chief executive officer now directly owns 52,370 shares of the company’s stock, valued at $5,423,437.20. This trade represents a 29.09 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 82,910 shares of company stock valued at $8,780,102. 10.50% of the stock is owned by insiders.

Analyst Ratings Changes

A number of research analysts recently weighed in on the stock. Oppenheimer decreased their price target on shares of Euronet Worldwide from $135.00 to $128.00 and set an “outperform” rating on the stock in a research note on Thursday, December 19th. Stephens reissued an “overweight” rating and issued a $130.00 price objective on shares of Euronet Worldwide in a research note on Friday. StockNews.com cut shares of Euronet Worldwide from a “buy” rating to a “hold” rating in a research note on Thursday. Needham & Company LLC reiterated a “buy” rating and set a $120.00 price target on shares of Euronet Worldwide in a report on Thursday, December 12th. Finally, Keefe, Bruyette & Woods upped their price objective on shares of Euronet Worldwide from $108.00 to $112.00 and gave the company a “market perform” rating in a report on Friday. Four investment analysts have rated the stock with a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, Euronet Worldwide currently has a consensus rating of “Moderate Buy” and an average target price of $127.00.

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.