Euronet Worldwide, Inc. (NASDAQ:EEFT) Receives Consensus Rating of “Moderate Buy” from Analysts

Euronet Worldwide, Inc. (NASDAQ:EEFT) has been given an average rating of “Moderate Buy” by the seven ratings firms that are currently covering the stock, MarketBeat.com reports. Two equities research analysts have rated the stock with a hold rating and five have issued a buy rating on the company. The average 1-year price objective among brokerages that have issued a report on the stock in the last year is $117.60.

Several equities research analysts have commented on the stock. DA Davidson reiterated a “buy” rating and issued a $130.00 price target on shares of Euronet Worldwide in a research report on Friday, September 12th. Needham & Company LLC dropped their target price on shares of Euronet Worldwide from $120.00 to $100.00 and set a “buy” rating on the stock in a report on Thursday, October 23rd. Weiss Ratings reissued a “hold (c)” rating on shares of Euronet Worldwide in a research note on Wednesday, October 8th. Keefe, Bruyette & Woods decreased their price target on shares of 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. Finally, Oppenheimer dropped their price target on Euronet Worldwide from $134.00 to $133.00 and set an “outperform” rating on the stock in a report on Friday, October 17th.

Institutional Investors Weigh In On Euronet Worldwide

Institutional investors have recently made changes to their positions in the company. Allworth Financial LP boosted its holdings in Euronet Worldwide by 248.7% in the second quarter. Allworth Financial LP now owns 265 shares of the business services provider’s stock worth $27,000 after purchasing an additional 189 shares in the last quarter. Elequin Capital LP acquired a new stake in shares of Euronet Worldwide in the first quarter worth about $30,000. Johnson Financial Group Inc. bought a new stake in shares of Euronet Worldwide during the 3rd quarter worth about $26,000. Danske Bank A S bought a new stake in shares of Euronet Worldwide during the 3rd quarter worth about $26,000. Finally, Geneos Wealth Management Inc. increased 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 acquiring an additional 109 shares during the last quarter. 91.60% of the stock is currently owned by institutional investors and hedge funds.

Euronet Worldwide Stock Performance

Shares of NASDAQ EEFT opened at $73.32 on Monday. The stock has a fifty day moving average price of $81.68 and a two-hundred day moving average price of $94.53. 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 firm has a market cap of $3.08 billion, a P/E ratio of 10.74, a PEG ratio of 0.63 and a beta of 1.20. Euronet Worldwide has a 1 year low of $68.56 and a 1 year high of $114.25.

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