The William Blair Weighs in on Euronet Worldwide Inc.’s FY2017 Earnings (EEFT)

The William Blair Weighs in on Euronet Worldwide Inc.’s FY2017 Earnings (EEFT)

Euronet Worldwide Inc. (NASDAQ:EEFT) – Stock analysts at William Blair raised their FY2017 earnings per share (EPS) estimates for Euronet Worldwide in a research note issued to investors on Tuesday. William Blair analyst C. Shutler now anticipates that the brokerage will post earnings of $4.34 per share for the year, up from their prior estimate of $4.28.

Euronet Worldwide (NASDAQ:EEFT) last released its quarterly earnings results on Tuesday, July 26th. The company reported $0.97 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.90 by $0.07. The business earned $476.90 million during the quarter, compared to analyst estimates of $470.99 million. Euronet Worldwide had a net margin of 8.01% and a return on equity of 22.65%. The business’s revenue was up 12.2% on a year-over-year basis. During the same period last year, the business earned $0.78 EPS.

EEFT has been the topic of a number of other reports. 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 research report on Wednesday. SunTrust Banks Inc. assumed coverage on shares of Euronet Worldwide in a research report on Wednesday. They set a “buy” rating and a $98.00 price objective on the stock. One analyst has rated the stock with a hold rating and nine have given a buy rating to the company. The stock currently has a consensus rating of “Buy” and an average price target of $88.14.

Euronet Worldwide (NASDAQ:EEFT) traded down 0.88% during midday trading on Wednesday, reaching $83.09. 372,306 shares of the company were exchanged. The firm’s 50-day moving average is $80.11 and its 200-day moving average is $76.67. The firm has a market cap of $4.33 billion, a P/E ratio of 30.19 and a beta of 1.49. Euronet Worldwide has a one year low of $52.00 and a one year high of $84.43.

Several hedge funds have recently modified their holdings of the company. Creative Planning boosted its stake in shares of Euronet Worldwide by 0.5% in the third quarter. Creative Planning now owns 21,198 shares of the company’s stock worth $1,735,000 after buying an additional 96 shares during the last quarter. Smithfield Trust Co. boosted its stake in shares of Euronet Worldwide by 14.6% in the second quarter. Smithfield Trust Co. now owns 2,053 shares of the company’s stock worth $142,000 after buying an additional 261 shares during the last quarter. Northwest Investment Counselors LLC boosted its stake in shares of Euronet Worldwide by 6.1% in the second quarter. Northwest Investment Counselors LLC now owns 5,128 shares of the company’s stock worth $355,000 after buying an additional 294 shares during the last quarter. Aviance Capital Management LLC boosted its stake in shares of Euronet Worldwide by 10.3% in the second quarter. Aviance Capital Management LLC now owns 4,395 shares of the company’s stock worth $304,000 after buying an additional 410 shares during the last quarter. Finally, I.G. Investment Management LTD. boosted its stake in shares of Euronet Worldwide by 1.8% in the second quarter. I.G. Investment Management LTD. now owns 32,152 shares of the company’s stock worth $2,225,000 after buying an additional 584 shares during the last quarter. Institutional investors and hedge funds own 89.92% of the company’s stock.

In other news, CEO Kevin J. Caponecchi sold 58,573 shares of the business’s stock in a transaction on Wednesday, August 3rd. The shares were sold at an average price of $75.52, for a total value of $4,423,432.96. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, VP Jeffrey B. Newman sold 5,772 shares of the business’s stock in a transaction on Tuesday, August 16th. The stock was sold at an average price of $77.80, for a total transaction of $449,061.60. The disclosure for this sale can be found here. 7.30% of the stock is currently owned by company insiders.

Euronet Worldwide Company Profile

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