Euronet Worldwide, Inc. (NASDAQ:EEFT) Given Average Recommendation of “Moderate Buy” by Analysts

Euronet Worldwide, Inc. (NASDAQ:EEFT) has received an average rating of “Moderate Buy” from the seven research firms that are currently covering the company, Marketbeat Ratings reports. Two research analysts have rated the stock with a hold rating and five have issued a buy rating on the company. The average twelve-month target price among brokers that have updated their coverage on the stock in the last year is $117.60.

A number of analysts recently commented on the company. Keefe, Bruyette & Woods lowered their price objective on Euronet Worldwide from $100.00 to $95.00 and set a “market perform” rating for the company in a research report on Friday, October 24th. Oppenheimer reduced their target price on Euronet Worldwide from $134.00 to $133.00 and set an “outperform” rating on the stock in a report on Friday, October 17th. DA Davidson restated a “buy” rating and set a $130.00 target price on shares of Euronet Worldwide in a report on Friday, September 12th. Weiss Ratings restated a “hold (c)” rating on shares of Euronet Worldwide in a report on Wednesday, October 8th. Finally, Wall Street Zen cut Euronet Worldwide from a “buy” rating to a “hold” rating in a report on Saturday, October 18th.

Hedge Funds Weigh In On Euronet Worldwide

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Allworth Financial LP boosted its holdings in Euronet Worldwide by 248.7% during the second quarter. Allworth Financial LP now owns 265 shares of the business services provider’s stock worth $27,000 after buying an additional 189 shares during the last quarter. Elequin Capital LP bought a new position in Euronet Worldwide during the first quarter worth about $30,000. First Horizon Corp bought a new position in shares of Euronet Worldwide during the 3rd quarter valued at about $36,000. Geneos Wealth Management Inc. lifted 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 purchasing an additional 109 shares in the last quarter. Finally, Atwood & Palmer Inc. lifted 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 purchasing an additional 131 shares in the last quarter. Institutional investors own 91.60% of the company’s stock.

Euronet Worldwide Price Performance

Shares of EEFT stock opened at $73.21 on Thursday. The stock has a 50-day moving average price of $86.56 and a 200 day moving average price of $96.94. The company has a quick ratio of 1.15, a current ratio of 1.15 and a debt-to-equity ratio of 0.84. The firm has a market cap of $3.00 billion, a price-to-earnings ratio of 10.72, a PEG ratio of 0.63 and a beta of 1.21. Euronet Worldwide has a 12 month low of $72.38 and a 12 month high of $114.25.

Euronet Worldwide (NASDAQ:EEFT) last announced its quarterly earnings data on Thursday, October 23rd. The business services provider reported $3.62 EPS for the quarter, topping analysts’ consensus estimates of $3.58 by $0.04. The firm had revenue of $1.15 billion during the quarter, compared to analyst estimates of $1.20 billion. Euronet Worldwide had a return on equity of 27.63% and a net margin of 7.27%.The company’s revenue was up 4.2% on a year-over-year basis. During the same period last year, the company earned $3.03 earnings per share. Euronet Worldwide has set its FY 2025 guidance at 9.640-9.990 EPS. Research analysts expect that Euronet Worldwide will post 9.11 EPS for the current year.

Euronet Worldwide Company Profile

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.