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

Shares of Euronet Worldwide, Inc. (NASDAQ:EEFT) have been assigned an average recommendation of “Moderate Buy” from the eight research firms that are covering the firm, MarketBeat.com reports. Two investment analysts have rated the stock with a hold recommendation, five have issued a buy recommendation and one has given a strong buy recommendation to the company. The average 1 year target price among brokerages that have issued a report on the stock in the last year is $125.57.

A number of equities analysts have weighed in on the stock. Keefe, Bruyette & Woods reduced their price objective on shares of Euronet Worldwide from $112.00 to $110.00 and set a “market perform” rating for the company in a research report on Friday, April 25th. Needham & Company LLC reduced their price objective on shares of Euronet Worldwide from $130.00 to $120.00 and set a “buy” rating for the company in a research report on Friday, April 25th. Finally, William Blair restated an “outperform” rating on shares of Euronet Worldwide in a research report on Thursday, April 24th.

Euronet Worldwide Stock Performance

Shares of NASDAQ EEFT opened at $102.28 on Friday. The company’s fifty day moving average price is $105.05 and its 200 day moving average price is $102.42. Euronet Worldwide has a 1 year low of $85.24 and a 1 year high of $114.25. The company has a market capitalization of $4.42 billion, a PE ratio of 15.15, a price-to-earnings-growth ratio of 0.75 and a beta of 1.27. The company has a debt-to-equity ratio of 1.46, a quick ratio of 1.60 and a current ratio of 1.60.

Euronet Worldwide (NASDAQ:EEFT) last announced its quarterly earnings results on Wednesday, April 23rd. The business services provider reported $1.13 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $1.13. The firm had revenue of $915.50 million for the quarter, compared to the consensus estimate of $908.93 million. Euronet Worldwide had a net margin of 7.88% and a return on equity of 26.97%. The firm’s quarterly revenue was up 6.8% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.28 earnings per share. On average, research analysts predict that Euronet Worldwide will post 9.11 earnings per share for the current year.

Institutional Investors Weigh In On Euronet Worldwide

Hedge funds have recently modified their holdings of the business. Proficio Capital Partners LLC acquired a new stake in shares of Euronet Worldwide in the fourth quarter valued at about $28,000. Elequin Capital LP acquired a new stake in shares of Euronet Worldwide in the first quarter valued at about $30,000. Geneos Wealth Management Inc. raised its position in shares of Euronet Worldwide by 48.4% in the first 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 during the last quarter. UMB Bank n.a. raised its position in shares of Euronet Worldwide by 92.3% in the first quarter. UMB Bank n.a. now owns 450 shares of the business services provider’s stock valued at $48,000 after buying an additional 216 shares during the last quarter. Finally, Covestor Ltd raised its position in shares of Euronet Worldwide by 40.9% in the fourth quarter. Covestor Ltd now owns 713 shares of the business services provider’s stock valued at $73,000 after buying an additional 207 shares during the last quarter. 91.60% of the stock is currently owned by institutional investors and hedge funds.

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.