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

Shares of Euronet Worldwide, Inc. (NASDAQ:EEFT) have received an average rating of “Moderate Buy” from the seven ratings firms that are covering the firm, Marketbeat reports. Two equities research analysts have rated the stock with a hold recommendation and five have issued a buy recommendation on the company. The average 1 year price objective among brokers that have issued a report on the stock in the last year is $117.60.

A number of research firms recently issued reports on EEFT. Oppenheimer decreased their price objective on Euronet Worldwide from $134.00 to $133.00 and set an “outperform” rating for the company in a report on Friday, October 17th. Wall Street Zen downgraded Euronet Worldwide from a “buy” rating to a “hold” rating in a research report on Saturday, October 18th. Keefe, Bruyette & Woods decreased their price target on shares of Euronet Worldwide from $100.00 to $95.00 and set a “market perform” rating for the company in a research note on Friday, October 24th. Needham & Company LLC lowered 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, October 23rd. Finally, 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.

Euronet Worldwide Stock Performance

Shares of EEFT opened at $76.92 on Friday. The firm’s 50 day moving average price is $76.71 and its two-hundred day moving average price is $90.32. 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 twelve month low of $68.56 and a twelve month high of $114.25. The firm has a market cap of $3.23 billion, a P/E ratio of 11.26, a PEG ratio of 0.67 and a beta of 0.86.

Euronet Worldwide (NASDAQ:EEFT) last posted its quarterly earnings data on Thursday, October 23rd. The business services provider reported $3.62 EPS for the quarter, beating the consensus estimate of $3.58 by $0.04. The business had revenue of $1.15 billion for the quarter, compared to analysts’ expectations 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% compared to the same quarter last year. During the same period in the previous year, the firm posted $3.03 EPS. Euronet Worldwide has set its FY 2025 guidance at 9.640-9.990 EPS. On average, analysts forecast that Euronet Worldwide will post 9.11 EPS for the current fiscal year.

Institutional Trading of Euronet Worldwide

Hedge funds and other institutional investors have recently modified their holdings of the stock. Johnson Financial Group Inc. acquired a new position in Euronet Worldwide during the third quarter valued at approximately $26,000. Danske Bank A S bought a new stake in shares of Euronet Worldwide during the 3rd quarter worth approximately $26,000. Allworth Financial LP boosted its holdings in shares of Euronet Worldwide by 248.7% in the 2nd quarter. Allworth Financial LP now owns 265 shares of the business services provider’s stock valued at $27,000 after buying an additional 189 shares during the last quarter. First Horizon Corp acquired a new stake in shares of Euronet Worldwide in the 3rd quarter valued at approximately $36,000. Finally, Geneos Wealth Management Inc. grew its stake 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 in the last quarter. Institutional investors and hedge funds own 91.60% of the company’s stock.

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.