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