Euronet Worldwide (EEFT) Downgraded by BidaskClub to “Strong Sell”

BidaskClub lowered shares of Euronet Worldwide (NASDAQ:EEFT) from a sell rating to a strong sell rating in a research note released on Friday morning.

A number of other equities research analysts have also recently weighed in on the stock. Lake Street Capital lifted their price objective on shares of Euronet Worldwide from $100.00 to $106.00 and gave the company a buy rating in a research note on Thursday, February 8th. Zacks Investment Research upgraded shares of Euronet Worldwide from a sell rating to a hold rating in a research note on Monday, February 5th. DA Davidson lifted their price objective on shares of Euronet Worldwide to $118.00 and gave the company a buy rating in a research note on Thursday, February 1st. William Blair cut shares of Euronet Worldwide from an outperform rating to a market perform rating in a research note on Monday, December 18th. Finally, Goldman Sachs Group began coverage on shares of Euronet Worldwide in a research note on Thursday, December 14th. They set a buy rating and a $110.00 price objective on the stock. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and seven have issued a buy rating to the company’s stock. The stock currently has an average rating of Buy and an average target price of $111.71.

Shares of Euronet Worldwide (EEFT) traded up $0.73 on Friday, hitting $83.68. 785,525 shares of the stock traded hands, compared to its average volume of 638,095. Euronet Worldwide has a 52 week low of $76.26 and a 52 week high of $101.07. The firm has a market capitalization of $4,450.00, a P/E ratio of 29.78, a price-to-earnings-growth ratio of 1.11 and a beta of 1.43. The company has a current ratio of 1.48, a quick ratio of 1.44 and a debt-to-equity ratio of 0.50.

Euronet Worldwide (NASDAQ:EEFT) last announced its quarterly earnings results on Wednesday, February 7th. The business services provider reported $1.13 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.12 by $0.01. Euronet Worldwide had a net margin of 6.97% and a return on equity of 22.41%. The company had revenue of $604.60 million during the quarter, compared to the consensus estimate of $609.53 million. During the same quarter in the previous year, the company posted $0.99 earnings per share. The company’s revenue for the quarter was up 16.3% compared to the same quarter last year. equities analysts expect that Euronet Worldwide will post 5 EPS for the current fiscal year.

In other Euronet Worldwide news, CEO Michael J. Brown sold 20,000 shares of the business’s stock in a transaction dated Thursday, February 1st. The shares were sold at an average price of $91.22, for a total value of $1,824,400.00. Following the sale, the chief executive officer now directly owns 1,522,348 shares in the company, valued at $138,868,584.56. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Nikos Fountas sold 296 shares of the business’s stock in a transaction dated Thursday, December 14th. The stock was sold at an average price of $92.00, for a total transaction of $27,232.00. Following the completion of the sale, the chief executive officer now owns 550 shares in the company, valued at $50,600. The disclosure for this sale can be found here. Over the last quarter, insiders sold 68,297 shares of company stock worth $6,020,604. 7.70% of the stock is owned by company insiders.

Institutional investors have recently modified their holdings of the business. American International Group Inc. bought a new stake in Euronet Worldwide in the fourth quarter worth about $100,000. Bristlecone Advisors LLC bought a new stake in Euronet Worldwide in the third quarter worth about $113,000. Delpha Capital Management LLC bought a new stake in Euronet Worldwide in the fourth quarter worth about $101,000. FNY Managed Accounts LLC purchased a new position in Euronet Worldwide in the 4th quarter worth about $126,000. Finally, The Manufacturers Life Insurance Company increased its stake in Euronet Worldwide by 7.3% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 1,696 shares of the business services provider’s stock worth $149,000 after purchasing an additional 116 shares in the last quarter. Hedge funds and other institutional investors own 95.62% of the company’s stock.

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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.

Analyst Recommendations for Euronet Worldwide (NASDAQ:EEFT)

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