Today: The Euronet Worldwide Inc. (EEFT) Receives New Coverage from Analysts at SunTrust Banks Inc.

The Euronet Worldwide Inc. (EEFT) Receives New Coverage from Analysts at SunTrust Banks Inc.

SunTrust Banks Inc. initiated coverage on shares of Euronet Worldwide Inc. (NASDAQ:EEFT) in a report released on Wednesday morning. The firm issued a buy rating and a $98.00 price target on the stock.

Separately, Zacks Investment Research lowered shares of Euronet Worldwide from a buy rating to a hold rating in a report on Tuesday, September 27th. One research analyst has rated the stock with a hold rating and nine have issued a buy rating to the company. Euronet Worldwide presently has a consensus rating of Buy and a consensus target price of $88.14.

Euronet Worldwide (NASDAQ:EEFT) opened at 83.53 on Wednesday. Euronet Worldwide has a 1-year low of $52.00 and a 1-year high of $84.81. The firm has a market capitalization of $4.35 billion, a P/E ratio of 30.35 and a beta of 1.49. The stock’s 50 day moving average is $80.61 and its 200-day moving average is $76.90.

Euronet Worldwide (NASDAQ:EEFT) last issued its quarterly earnings results on Tuesday, July 26th. The company reported $0.97 EPS for the quarter, topping analysts’ consensus estimates of $0.90 by $0.07. The company had revenue of $476.90 million for 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%. Euronet Worldwide’s revenue was up 12.2% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.78 earnings per share. Analysts forecast that Euronet Worldwide will post $4.07 EPS for the current year.

In related news, VP Jeffrey B. Newman sold 5,772 shares of the business’s stock in a transaction on Tuesday, August 16th. The shares were sold at an average price of $77.80, for a total value of $449,061.60. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, 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 transaction of $4,423,432.96. The disclosure for this sale can be found here. 7.30% of the stock is currently owned by corporate insiders.

Large investors have recently bought and sold shares of the stock. Fuller & Thaler Asset Management Inc. bought a new stake in Euronet Worldwide during the second quarter valued at $100,000. Checchi Capital Advisers LLC increased its stake in Euronet Worldwide by 1,179.0% in the second quarter. Checchi Capital Advisers LLC now owns 1,586 shares of the company’s stock valued at $110,000 after buying an additional 1,462 shares during the period. BlackRock Japan Co. Ltd increased 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 period. Smithfield Trust Co. increased its stake in Euronet Worldwide by 14.6% in the second quarter. Smithfield Trust Co. now owns 2,053 shares of the company’s stock valued at $142,000 after buying an additional 261 shares during the period. Finally, Advisor Consultant Network Inc. bought a new stake in Euronet Worldwide during the third quarter valued at $207,000. 89.80% of the stock is owned by hedge funds and other institutional investors.

About Euronet Worldwide

Related posts

Leave a Comment