Euronet Worldwide (NASDAQ:EEFT) Announces Earnings Results

Key Points

• Euronet Worldwide missed quarterly expectations: EPS came in at $3.55 versus the $3.69 analyst consensus, while revenue of $1.16 billion fell short of estimates of $1.19 billion.
• Shares declined 2.5% to open at $63.95, near the company’s 52-week low of $61.62 and below its 50-day and 200-day moving averages.
• Analysts have a mixed view, with a consensus “Hold” rating and an average price target of $81.60; ratings range from “Buy” to “Sell.”

Euronet Worldwide (NASDAQ:EEFT - Get Free Report) released its quarterly earnings data on Tuesday. The business services provider reported $3.55 EPS for the quarter, missing analysts' consensus estimates of $3.69 by ($0.14), FiscalAI reports. Euronet Worldwide had a net margin of 6.63% and a return on equity of 28.60%. The business had revenue of $1.16 billion during the quarter, compared to analyst estimates of $1.19 billion.

Euronet Worldwide Stock Down 2.5%

Shares of EEFT opened at $63.95 on Tuesday. The company's 50-day simple moving average is $67.30 and its 200-day simple moving average is $70.69. The company has a debt-to-equity ratio of 1.47, a quick ratio of 1.37 and a current ratio of 1.37. Euronet Worldwide has a 1 year low of $61.62 and a 1 year high of $84.60. The stock has a market capitalization of $2.44 billion, a PE ratio of 10.04, a P/E/G ratio of 0.53 and a beta of 0.85.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on the company. DA Davidson reiterated a "buy" rating and set a $102.00 price objective on shares of Euronet Worldwide in a research report on Friday, July 10th. Weiss Ratings cut Euronet Worldwide from a "hold (c)" rating to a "hold (c-)" rating in a report on Tuesday, August 11th. Stephens started coverage on Euronet Worldwide in a report on Friday, October 16th. They issued an "equal weight" rating and a $71.00 target price for the company. Needham & Company LLC raised their target price on Euronet Worldwide from $85.00 to $90.00 and gave the stock a "buy" rating in a research note on Thursday, July 30th. Finally, Wolfe Research reduced their price target on Euronet Worldwide from $75.00 to $70.00 and set an "underperform" rating on the stock in a report on Tuesday, August 25th. Two equities research analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the company has an average rating of "Hold" and a consensus price target of $81.60.

Euronet Worldwide Company Profile

Euronet Worldwide, Inc is a global provider of electronic payment and transaction-processing services. Founded in 1994 and headquartered in Leawood, Kansas, the company serves financial institutions, retailers, mobile network operators, businesses and consumers through operations in markets around the world.

Euronet operates through three principal business segments: electronic financial transactions, epay and money transfer. Its electronic financial transaction business provides automated teller machine (ATM) services, point-of-sale services, card outsourcing, electronic payment processing and related financial technology solutions.

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