Euronet Worldwide (NASDAQ:EEFT) Cut to “Neutral” at Monness Crespi & Hardt

Euronet Worldwide (NASDAQ:EEFT) was downgraded by equities research analysts at Monness Crespi & Hardt from a “buy” rating to a “neutral” rating in a research note issued to investors on Monday.

Several other equities analysts have also weighed in on the stock. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Euronet Worldwide in a research report on Monday, December 29th. Needham & Company LLC cut their price target 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. DA Davidson reaffirmed a “buy” rating and issued a $130.00 price objective on shares of Euronet Worldwide in a research note on Friday, September 12th. Keefe, Bruyette & Woods decreased their price objective on shares of Euronet Worldwide from $100.00 to $95.00 and set a “market perform” rating for the company in a report on Friday, October 24th. Finally, Oppenheimer lowered their target price on shares of Euronet Worldwide from $134.00 to $133.00 and set an “outperform” rating on the stock in a research report on Friday, October 17th. Five investment analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $117.60.

Euronet Worldwide Stock Performance

Shares of EEFT opened at $74.10 on Monday. The company has a debt-to-equity ratio of 0.84, a current ratio of 1.15 and a quick ratio of 1.15. The firm’s 50 day moving average is $74.70 and its 200-day moving average is $87.57. Euronet Worldwide has a 12-month low of $68.56 and a 12-month high of $114.25. The stock has a market capitalization of $3.12 billion, a P/E ratio of 10.85, a P/E/G ratio of 0.57 and a beta of 0.84.

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

Hedge Funds Weigh In On Euronet Worldwide

A number of hedge funds have recently modified their holdings of the stock. Tudor Investment Corp ET AL acquired a new stake in shares of Euronet Worldwide in the 3rd quarter valued at $42,813,000. American Century Companies Inc. increased its position in Euronet Worldwide by 29.7% in the third quarter. American Century Companies Inc. now owns 1,741,996 shares of the business services provider’s stock worth $152,965,000 after purchasing an additional 399,263 shares during the period. Voss Capital LP raised its holdings in Euronet Worldwide by 66.5% during the 3rd quarter. Voss Capital LP now owns 1,340,000 shares of the business services provider’s stock worth $117,665,000 after purchasing an additional 535,000 shares during the last quarter. AQR Capital Management LLC raised its holdings in Euronet Worldwide by 131.9% during the 2nd quarter. AQR Capital Management LLC now owns 1,308,267 shares of the business services provider’s stock worth $132,632,000 after purchasing an additional 744,040 shares during the last quarter. Finally, Burgundy Asset Management Ltd. lifted its position in Euronet Worldwide by 3.9% during the 2nd quarter. Burgundy Asset Management Ltd. now owns 1,217,631 shares of the business services provider’s stock valued at $123,443,000 after purchasing an additional 46,205 shares during the period. 91.60% of the stock is owned by institutional investors and hedge funds.

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.