Euronet Worldwide (NASDAQ:EEFT) Reaches New 1-Year Low – Here’s Why

Euronet Worldwide, Inc. (NASDAQ:EEFT)’s share price hit a new 52-week low during mid-day trading on Wednesday . The stock traded as low as $73.16 and last traded at $73.29, with a volume of 1177396 shares traded. The stock had previously closed at $74.22.

Analyst Ratings Changes

Several brokerages recently issued reports on EEFT. Needham & Company LLC decreased their price target on Euronet Worldwide from $120.00 to $100.00 and set a “buy” rating for the company in a report on Thursday, October 23rd. Oppenheimer reduced their price objective on Euronet Worldwide from $134.00 to $133.00 and set an “outperform” rating for the company in a research note on Friday, October 17th. Keefe, Bruyette & Woods reduced their price objective on Euronet Worldwide from $100.00 to $95.00 and set a “market perform” rating for the company in a research note on Friday, October 24th. Weiss Ratings restated a “hold (c)” rating on shares of Euronet Worldwide in a research note on Wednesday, October 8th. Finally, DA Davidson reaffirmed a “buy” rating and issued a $130.00 price target on shares of Euronet Worldwide in a report on Friday, September 12th. Five analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $117.60.

Euronet Worldwide Price Performance

The company has a debt-to-equity ratio of 0.84, a quick ratio of 1.15 and a current ratio of 1.15. The company has a market cap of $3.00 billion, a P/E ratio of 10.73, a P/E/G ratio of 0.63 and a beta of 1.21. The firm has a 50 day moving average price of $86.97 and a two-hundred day moving average price of $97.11.

Euronet Worldwide (NASDAQ:EEFT) last issued its earnings results on Thursday, October 23rd. The business services provider reported $3.62 EPS for the quarter, topping the consensus estimate of $3.58 by $0.04. Euronet Worldwide had a return on equity of 27.63% and a net margin of 7.27%.The business had revenue of $1.15 billion during the quarter, compared to the consensus estimate of $1.20 billion. During the same quarter last year, the company earned $3.03 EPS. The firm’s revenue was up 4.2% compared to the same quarter last year. Euronet Worldwide has set its FY 2025 guidance at 9.640-9.990 EPS. On average, analysts predict that Euronet Worldwide, Inc. will post 9.11 EPS for the current fiscal year.

Institutional Trading of Euronet Worldwide

Institutional investors and hedge funds have recently modified their holdings of the business. Allworth Financial LP raised its holdings in shares of Euronet Worldwide by 248.7% in the 2nd quarter. Allworth Financial LP now owns 265 shares of the business services provider’s stock valued at $27,000 after acquiring an additional 189 shares in the last quarter. Elequin Capital LP purchased a new position in shares of Euronet Worldwide during the 1st quarter valued at about $30,000. First Horizon Corp purchased a new position in shares of Euronet Worldwide during the 3rd quarter valued at about $36,000. Geneos Wealth Management Inc. raised its holdings in shares of Euronet Worldwide by 48.4% during the 1st quarter. Geneos Wealth Management Inc. now owns 334 shares of the business services provider’s stock valued at $36,000 after buying an additional 109 shares in the last quarter. Finally, Atwood & Palmer Inc. raised its holdings in shares of Euronet Worldwide by 43.7% during the 2nd quarter. Atwood & Palmer Inc. now owns 431 shares of the business services provider’s stock valued at $44,000 after buying an additional 131 shares in the last quarter. Hedge funds and other institutional investors own 91.60% of the company’s stock.

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.