Euronet Worldwide (NASDAQ:EEFT – Get Free Report) released its quarterly earnings results on Wednesday. The business services provider reported $3.03 earnings per share for the quarter, beating the consensus estimate of $2.92 by $0.11, Briefing.com reports. Euronet Worldwide had a net margin of 7.46% and a return on equity of 27.81%. The company had revenue of $1.11 billion during the quarter, compared to analysts’ expectations of $1.04 billion. During the same quarter in the prior year, the company earned $2.53 earnings per share.
Euronet Worldwide Stock Performance
Euronet Worldwide stock traded down $1.76 during mid-day trading on Friday, hitting $100.50. 369,882 shares of the company’s stock traded hands, compared to its average volume of 305,932. The company has a debt-to-equity ratio of 0.85, a current ratio of 1.19 and a quick ratio of 1.19. The firm has a 50 day simple moving average of $100.47 and a two-hundred day simple moving average of $104.32. Euronet Worldwide has a fifty-two week low of $75.41 and a fifty-two week high of $117.66. The stock has a market cap of $4.61 billion, a price-to-earnings ratio of 18.00 and a beta of 1.46.
Insider Buying and Selling at Euronet Worldwide
In related news, Director Thomas A. Mcdonnell bought 3,206 shares of Euronet Worldwide stock in a transaction that occurred on Monday, August 5th. The stock was acquired at an average price of $93.86 per share, with a total value of $300,915.16. Following the acquisition, the director now owns 90,000 shares of the company’s stock, valued at approximately $8,447,400. This represents a 0.00 % increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, Director Thomas A. Mcdonnell bought 3,206 shares of the company’s stock in a transaction dated Monday, August 5th. The stock was bought at an average price of $93.86 per share, with a total value of $300,915.16. Following the completion of the acquisition, the director now owns 90,000 shares of the company’s stock, valued at $8,447,400. This represents a 0.00 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through this link. Also, CEO Juan Bianchi sold 4,000 shares of the company’s stock in a transaction on Thursday, September 5th. The shares were sold at an average price of $102.58, for a total value of $410,320.00. Following the sale, the chief executive officer now owns 12,440 shares of the company’s stock, valued at approximately $1,276,095.20. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 10.50% of the company’s stock.
Wall Street Analysts Forecast Growth
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About Euronet Worldwide
Euronet Worldwide, Inc provides payment and transaction processing and distribution solutions to financial institutions, retailers, service providers, and individual consumers worldwide. It operates through three segments: Electronic Fund Transfer Processing, epay, and Money Transfer. The Electronic Fund Transfer Processing segment provides electronic payment solutions, including automated teller machine (ATM) cash withdrawal and deposit services, ATM network participation, outsourced ATM and point-of-sale (POS) management solutions, credit and debit and prepaid card outsourcing, card issuing, and merchant acquiring services.
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