Euronet Worldwide (NASDAQ:EEFT) Receives “Buy” Rating from DA Davidson

DA Davidson reissued their buy rating on shares of Euronet Worldwide (NASDAQ:EEFT) in a research note published on Tuesday morning,Benzinga reports. They currently have a $112.00 price objective on the business services provider’s stock.

Other equities research analysts have also recently issued reports about the company. Monness Crespi & Hardt cut Euronet Worldwide from a “buy” rating to a “neutral” rating in a report on Monday, January 5th. Wolfe Research restated an “underperform” rating and issued a $80.00 target price on shares of Euronet Worldwide in a research report on Thursday, January 8th. Weiss Ratings cut Euronet Worldwide from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Monday, January 26th. Keefe, Bruyette & Woods reduced their price objective on Euronet Worldwide from $85.00 to $75.00 and set a “market perform” rating for the company in a research note on Friday, February 13th. Finally, Needham & Company LLC decreased their price objective on Euronet Worldwide from $100.00 to $80.00 and set a “buy” rating on the stock in a report on Thursday, February 12th. Four analysts have rated the stock with a Buy rating, two have given a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $96.00.

Euronet Worldwide Trading Up 3.8%

Shares of NASDAQ:EEFT opened at $70.55 on Tuesday. The business’s 50 day moving average price is $74.26 and its 200-day moving average price is $80.88. Euronet Worldwide has a 1 year low of $64.34 and a 1 year high of $114.25. The firm has a market capitalization of $2.97 billion, a price-to-earnings ratio of 10.18, a price-to-earnings-growth ratio of 0.53 and a beta of 0.82. The company has a debt-to-equity ratio of 0.78, a current ratio of 1.11 and a quick ratio of 1.15.

Euronet Worldwide (NASDAQ:EEFT) last posted its quarterly earnings data on Thursday, February 12th. The business services provider reported $2.39 earnings per share for the quarter, missing analysts’ consensus estimates of $2.48 by ($0.09). Euronet Worldwide had a return on equity of 27.22% and a net margin of 7.33%.The company had revenue of $1.11 billion for the quarter, compared to analyst estimates of $1.11 billion. During the same quarter in the prior year, the company posted $2.08 earnings per share. The business’s revenue was up 5.9% on a year-over-year basis. Euronet Worldwide has set its FY 2026 guidance at 10.570-11.050 EPS. On average, equities research analysts forecast that Euronet Worldwide will post 9.11 earnings per share for the current fiscal year.

Institutional Trading of Euronet Worldwide

Several hedge funds have recently made changes to their positions in the company. Geneos Wealth Management Inc. raised its position 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 buying an additional 109 shares during the period. PNC Financial Services Group Inc. increased its stake in Euronet Worldwide by 4.9% during the second quarter. PNC Financial Services Group Inc. now owns 2,420 shares of the business services provider’s stock worth $245,000 after acquiring an additional 113 shares during the last quarter. Lecap Asset Management Ltd. raised its position in Euronet Worldwide by 2.9% in the third quarter. Lecap Asset Management Ltd. now owns 4,550 shares of the business services provider’s stock valued at $400,000 after purchasing an additional 129 shares during the period. Evergreen Capital Management LLC raised its position in Euronet Worldwide by 0.4% in the second quarter. Evergreen Capital Management LLC now owns 34,035 shares of the business services provider’s stock valued at $3,450,000 after purchasing an additional 129 shares during the period. Finally, Quadrant Capital Group LLC grew its holdings in shares of Euronet Worldwide by 3.2% during the 2nd quarter. Quadrant Capital Group LLC now owns 4,228 shares of the business services provider’s stock worth $429,000 after purchasing an additional 131 shares during the period. Hedge funds and other institutional investors own 91.60% of the company’s stock.

About Euronet Worldwide

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.