Monness Crespi & Hardt Downgrades Euronet Worldwide (NASDAQ:EEFT) to Neutral

Euronet Worldwide (NASDAQ:EEFT) was downgraded by stock analysts at Monness Crespi & Hardt from a “buy” rating to a “neutral” rating in a research note issued to investors on Monday, Marketbeat reports.

EEFT has been the topic of a number of other reports. Needham & Company LLC cut their price objective on Euronet Worldwide from $120.00 to $100.00 and set a “buy” rating on the stock in a research note on Thursday, October 23rd. DA Davidson reissued a “buy” rating and set a $130.00 target price on shares of Euronet Worldwide in a research report on Friday, September 12th. Keefe, Bruyette & Woods lowered their price target on Euronet Worldwide from $100.00 to $95.00 and set a “market perform” rating on the stock in a research report on Friday, October 24th. Weiss Ratings reissued a “sell (d+)” rating on shares of Euronet Worldwide in a research report on Monday, December 29th. Finally, Wall Street Zen lowered Euronet Worldwide from a “buy” rating to a “hold” rating in a report on Saturday, October 18th. Five analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, Euronet Worldwide presently has an average rating of “Moderate Buy” and a consensus price target of $117.60.

Euronet Worldwide Trading Up 1.9%

NASDAQ:EEFT opened at $76.62 on Monday. The company has a market capitalization of $3.22 billion, a P/E ratio of 11.22, a P/E/G ratio of 0.58 and a beta of 0.84. The stock’s 50 day moving average price is $74.53 and its 200 day moving average price is $87.24. The company has a debt-to-equity ratio of 0.84, a quick ratio of 1.15 and a current ratio of 1.15. Euronet Worldwide has a 52 week low of $68.56 and a 52 week high of $114.25.

Euronet Worldwide (NASDAQ:EEFT) last announced its quarterly 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 net margin of 7.27% and a return on equity of 27.63%. The company had revenue of $1.15 billion for the quarter, compared to analyst estimates of $1.20 billion. During the same quarter in the prior year, the business posted $3.03 EPS. Euronet Worldwide’s quarterly revenue was up 4.2% on a year-over-year basis. Euronet Worldwide has set its FY 2025 guidance at 9.640-9.990 EPS. On average, research analysts forecast that Euronet Worldwide will post 9.11 EPS for the current fiscal year.

Hedge Funds Weigh In On Euronet Worldwide

Several hedge funds have recently made changes to their positions in the business. Tudor Investment Corp ET AL bought a new stake in shares of Euronet Worldwide in the third quarter worth $42,813,000. American Century Companies Inc. lifted its position in Euronet Worldwide by 29.7% during the 3rd quarter. American Century Companies Inc. now owns 1,741,996 shares of the business services provider’s stock worth $152,965,000 after buying an additional 399,263 shares in the last quarter. Voss Capital LP boosted its stake in shares of Euronet Worldwide by 66.5% during the 3rd quarter. Voss Capital LP now owns 1,340,000 shares of the business services provider’s stock worth $117,665,000 after buying an additional 535,000 shares during the last quarter. AQR Capital Management LLC boosted its stake in shares of Euronet Worldwide by 131.9% during the 2nd quarter. AQR Capital Management LLC now owns 1,308,267 shares of the business services provider’s stock worth $132,632,000 after buying an additional 744,040 shares during the last quarter. Finally, Burgundy Asset Management Ltd. grew its stake in Euronet Worldwide by 3.9% in the second quarter. Burgundy Asset Management Ltd. now owns 1,217,631 shares of the business services provider’s stock valued at $123,443,000 after purchasing an additional 46,205 shares in the last quarter. 91.60% of the stock is owned by institutional investors.

Euronet Worldwide Company Profile

Euronet Worldwide, Inc is a global financial technology company specializing in electronic payment services and transaction processing. Through its three primary business segments—Electronic Funds Transfer (EFT) Network Services, epay® Prepaid and Payment Services, and Money Transfer—Euronet provides end-to-end solutions that enable secure, efficient and convenient payments for consumers, financial institutions and retailers worldwide.

In its EFT Network Services arm, Euronet operates one of the world’s largest ATM and point-of-sale (POS) terminal networks, offering deployment, management and connectivity services.