Euronet Worldwide, Inc. (NASDAQ:EEFT) Receives Consensus Recommendation of “Hold” from Brokerages

Shares of Euronet Worldwide, Inc. (NASDAQ:EEFT) have earned an average rating of “Hold” from the nine research firms that are covering the company, Marketbeat.com reports. Two analysts have rated the stock with a sell recommendation, two have given a hold recommendation and five have given a buy recommendation to the company. The average twelve-month target price among brokerages that have updated their coverage on the stock in the last year is $111.3333.

EEFT has been the subject of several recent analyst reports. Wolfe Research reaffirmed an “underperform” rating and issued a $80.00 target price on shares of Euronet Worldwide in a research report on Thursday, January 8th. Keefe, Bruyette & Woods lowered their target price on Euronet Worldwide from $100.00 to $95.00 and set a “market perform” rating on the stock in a research note on Friday, October 24th. Needham & Company LLC dropped their target price on Euronet Worldwide from $120.00 to $100.00 and set a “buy” rating on the stock in a report on Thursday, October 23rd. 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 report on Friday, October 17th. Finally, Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Euronet Worldwide in a research report on Monday, December 29th.

Euronet Worldwide Stock Performance

Euronet Worldwide stock opened at $74.03 on Tuesday. The firm’s 50 day simple moving average is $74.43 and its 200-day simple moving average is $86.48. The company has a market cap of $3.11 billion, a P/E ratio of 10.84, a price-to-earnings-growth ratio of 0.58 and a beta of 0.84. The company has a debt-to-equity ratio of 0.84, a current ratio of 1.15 and a quick ratio of 1.15. Euronet Worldwide has a fifty-two week low of $68.56 and a fifty-two week 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 EPS for the quarter, beating 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 business had revenue of $1.15 billion during the quarter, compared to the consensus estimate of $1.20 billion. During the same quarter in the prior year, the firm earned $3.03 EPS. The firm’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. As a group, equities research analysts predict that Euronet Worldwide will post 9.11 EPS for the current year.

Institutional Trading of Euronet Worldwide

Several hedge funds and other institutional investors have recently modified their holdings of the company. Goldman Sachs Group Inc. grew its stake in Euronet Worldwide by 17.0% in the first quarter. Goldman Sachs Group Inc. now owns 628,384 shares of the business services provider’s stock valued at $67,143,000 after purchasing an additional 91,348 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its holdings in shares of Euronet Worldwide by 4.3% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 121,475 shares of the business services provider’s stock valued at $12,980,000 after buying an additional 5,009 shares during the last quarter. Focus Partners Wealth bought a new stake in shares of Euronet Worldwide in the 1st quarter valued at approximately $202,000. Geneos Wealth Management Inc. increased its holdings in Euronet Worldwide by 48.4% in the first quarter. Geneos Wealth Management Inc. now owns 334 shares of the business services provider’s stock worth $36,000 after buying an additional 109 shares during the last quarter. Finally, Strs Ohio bought a new position in Euronet Worldwide during the first quarter valued at approximately $1,122,000. 91.60% of the stock is currently owned by hedge funds and other 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.