QUOTE AND NEWS
Benzinga  Mar 11  Comment 
In a report published Tuesday, Sterne Agee analyst Jennifer Dugan reiterated a Neutral rating on Euronet Worldwide (NASDAQ: EEFT), but removed the $20.00 price target. In the report, Sterne Agee noted, “After the close EEFT announced an...
StreetInsider.com  Mar 11  Comment 
* Euronet Worldwide, Inc. (Nasdaq: EEFT) entered into an agreement to acquire U.K.-based HiFX, a fast-growing provider of online initiated international payments and foreign exchange services, for £145 million or approximately $242 million....
Banking Business Review  Mar 11  Comment 
Euronet Worldwide, a global electronic payments provider and distributor, has signed an agreement to purchase HiFX, a UK-based online initiated international payments and foreign exchange services provider, for nearly $242m.
SeekingAlpha  Feb 12  Comment 
Euronet Worldwide, Inc. (EEFT) Q4 2013 Earnings Conference Call February 12, 2014 09:00 ET Executives Jeff Newman - Executive Vice President and General Counsel Mike Brown - Chief Executive Officer Rick Weller - Chief Financial...
StreetInsider.com  Feb 12  Comment 
Visit StreetInsider.com at http://www.streetinsider.com/Earnings/Euronet+Worldwide%2C+Inc.+%28EEFT%29+Tops+Q4+EPS+by+6c/9156210.html for the full story.
Market Intelligence Center  Dec 26  Comment 
A covered call identified by MarketIntelligececenter.com's patented algorithm on Euronet Worldwide (EEFT) could yield about 2.34% (6.02% annualized, for comparison purposes only) in 142 days. Pair a long position in the stock with the May. '14...
Market Intelligence Center  Dec 18  Comment 
Euronet Worldwide (EEFT) presents a trading opportunity that offers a 5.04% return in just 150 days. A covered call on Euronet Worldwide at the $45.00 level expiring on May. '14 offers an assigned return rate of 5.04% or 12.27% annualized. This...
Market Intelligence Center  Dec 3  Comment 
Option-trade picking algorithms patented by MarketIntelligenceCenter.com found a trading opportunity with Euronet Worldwide (EEFT) that should provide a 3.73% return in just 81 days. Sell one Feb. '14 call at the $45.00 level for each 100 shares...
Benzinga  Nov 18  Comment 
In a report published Monday, Piper Jaffray analyst Michael J. Grondahl reiterated an Overweight rating on Euronet Worldwide (NASDAQ: EEFT), and raised the price target from $47.00 to $56.00. In the report, Piper Jaffray noted, “After...
Market Intelligence Center  Nov 15  Comment 
For a hedged play on Euronet Worldwide (EEFT), MarketIntelligenceCenter.com’s option-trade picking algorithms recommend the May. '14 $40.00 covered call for a net debit in the $38.33 area. That is also the break-even stock price for the covered...




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Euronet Worldwide processes payment transactions on global ATMs and point of sale (POS) networks. Three main businesses are 1) prepaid phones, 2) Electronic Funds Transfer (EFT), cash transfer through Ria Financial , (Subsidiary ) of Euronet Worldwide which is growing very fact by providing best service, and 3) Software. The company also services credit/debit card outsourcing and related businesses. The company operates 26 offices in the US, Europe, Middle East and Asia Pacific regions.

  • Prepaid phones are actually the most common way to pay for phone service in the world. Only in America do parents routinely give a child a cell phone and pay after the damage has been done.
  • EFT occurs a few ways. ATMs that the company manages. Also money transfer, e.g. if an immigrant wants to wire money back to family located in another place. Another frequent transaction involves processing a credit/debit card transaction, getting funds to the merchant from the buyer's account.

Started in 1994 with the mission "to bring electronic payment convenience to millions of people." The company has grown internally and via acquisition. At the end of 2006 annual revenues were $630 million. The company turned EBITDA positive in 2001 and generated $89 million of adjusted EBITDA in 2006.

The company invested $6 million to expand in three main categories:

  • New markets, including China, Bulgaria, and Ukraine
  • Money transfer, further competing with Western Union Company (WU)
  • Card processing products

Growth

Transactions processed in millions

  • 02 79.2
  • 03 216.8
  • 04 461.1
  • 05 709.6
  • 06 921.7

On a recent conference call, EEFT stated they are on a $1 billion annual run rate.

In 2006 the company added 450 ATMs in India.

A Retail Banking Research Report forecasts China will install 65,000 ATM machines between 2005 and 2011. EEFT completed a pilot project for the China Post Bank.

Retail Banking Research reports also state that the central European ATMs increase by 26% in 2005. EEFT has expanded into Ukraine and Bulgaria as banks expand retail offerings.

Segment Breakdown

By Revenue in 2006:

  • Prepaid is 75% of sales
  • EFT is was 21% of sales
  • Software was 7% of sales

By adjusted EBITDA in 2006:

  • Prepaid was 49%
  • EFT was 45%
  • Software was 6%


Accolades

Fortune Magazine ranked EEFT the 36th fastest growing company in 2006 and 34th in 2005

Forbes magazine ranked EEFT the 25th fastest growing company in 2007.

References

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