Euronet Worldwide (NASDAQ:EEFT) Sets New 52-Week Low After Analyst Downgrade

Euronet Worldwide, Inc. (NASDAQ:EEFT)’s share price reached a new 52-week low on Friday after Keefe, Bruyette & Woods lowered their price target on the stock from $100.00 to $95.00. Keefe, Bruyette & Woods currently has a market perform rating on the stock. Euronet Worldwide traded as low as $82.17 and last traded at $82.27, with a volume of 1393900 shares trading hands. The stock had previously closed at $83.44.

Several other equities analysts have also recently commented on the stock. DA Davidson reissued a “buy” rating and issued a $130.00 price target on shares of Euronet Worldwide in a research report on Friday, September 12th. Weiss Ratings reissued a “hold (c)” rating on shares of Euronet Worldwide in a research report on Wednesday, October 8th. Wall Street Zen cut shares of Euronet Worldwide from a “buy” rating to a “hold” rating in a research report on Saturday, October 18th. Oppenheimer decreased their price target on shares of Euronet Worldwide from $134.00 to $133.00 and set an “outperform” rating for the company in a research report on Friday, October 17th. Finally, Needham & Company LLC reduced their price objective on shares of Euronet Worldwide from $120.00 to $100.00 and set a “buy” rating on the stock in a report on Thursday. Five equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat.com, Euronet Worldwide has a consensus rating of “Moderate Buy” and a consensus price target of $117.60.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of the business. Blair William & Co. IL boosted its holdings in shares of Euronet Worldwide by 2.0% in the first quarter. Blair William & Co. IL now owns 5,007 shares of the business services provider’s stock valued at $535,000 after acquiring an additional 100 shares in the last quarter. Geneos Wealth Management Inc. boosted its holdings 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 acquiring an additional 109 shares in the last quarter. PNC Financial Services Group Inc. boosted its holdings in shares of Euronet Worldwide by 4.9% in the second quarter. PNC Financial Services Group Inc. now owns 2,420 shares of the business services provider’s stock valued at $245,000 after acquiring an additional 113 shares in the last quarter. State of Alaska Department of Revenue boosted its holdings in shares of Euronet Worldwide by 2.5% in the first quarter. State of Alaska Department of Revenue now owns 4,833 shares of the business services provider’s stock valued at $516,000 after acquiring an additional 120 shares in the last quarter. Finally, Fiduciary Financial Group LLC boosted its holdings in shares of Euronet Worldwide by 5.1% in the second quarter. Fiduciary Financial Group LLC now owns 2,455 shares of the business services provider’s stock valued at $255,000 after acquiring an additional 120 shares in the last quarter. 91.60% of the stock is currently owned by institutional investors and hedge funds.

Euronet Worldwide Trading Down 1.4%

The firm has a market cap of $3.37 billion, a PE ratio of 12.05, a P/E/G ratio of 0.67 and a beta of 1.21. The company’s fifty day moving average price is $89.63 and its two-hundred day moving average price is $97.92. The company has a quick ratio of 1.15, a current ratio of 1.15 and a debt-to-equity ratio of 0.84.

Euronet Worldwide (NASDAQ:EEFT) last released 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 for the quarter, compared to the consensus estimate of $1.20 billion. Euronet Worldwide had a net margin of 7.27% and a return on equity of 27.63%. The firm’s revenue was up 4.2% on a year-over-year basis. During the same quarter in the previous year, the firm earned $3.03 earnings per share. Euronet Worldwide has set its FY 2025 guidance at 9.640-9.990 EPS. As a group, sell-side analysts forecast that Euronet Worldwide, Inc. will post 9.11 earnings per share for the current fiscal year.

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.