Wolfe Research Reaffirms “Underperform” Rating for Euronet Worldwide (NASDAQ:EEFT)

Euronet Worldwide (NASDAQ:EEFT)‘s stock had its “underperform” rating restated by equities researchers at Wolfe Research in a note issued to investors on Thursday, MarketBeat.com reports. They currently have a $80.00 price target on the business services provider’s stock. Wolfe Research’s target price would indicate a potential upside of 6.23% from the company’s previous close.

Several other research analysts have also recently issued reports on the company. Weiss Ratings reiterated a “sell (d+)” rating on shares of Euronet Worldwide in a research report on Monday, December 29th. Needham & Company LLC lowered their price target on shares of Euronet Worldwide from $120.00 to $100.00 and set a “buy” rating on the stock in a research note on Thursday, October 23rd. Oppenheimer cut 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. Monness Crespi & Hardt downgraded shares of Euronet Worldwide from a “buy” rating to a “neutral” rating in a report on Monday, January 5th. Finally, Keefe, Bruyette & Woods lowered their target price 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. Five research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and two have assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $111.33.

Euronet Worldwide Trading Up 1.2%

Shares of Euronet Worldwide stock opened at $75.31 on Thursday. The firm has a market cap of $3.17 billion, a price-to-earnings ratio of 11.03, a price-to-earnings-growth ratio of 0.57 and a beta of 0.84. Euronet Worldwide has a 52-week low of $68.56 and a 52-week high of $114.25. The company’s 50-day simple moving average is $74.43 and its 200-day simple moving average is $86.88. The company has a quick ratio of 1.15, a current ratio of 1.15 and a debt-to-equity ratio of 0.84.

Euronet Worldwide (NASDAQ:EEFT) last announced its quarterly earnings data on Thursday, October 23rd. The business services provider reported $3.62 EPS for the quarter, beating analysts’ consensus estimates of $3.58 by $0.04. The firm had revenue of $1.15 billion during the quarter, compared to the consensus estimate 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 quarter last year, the firm earned $3.03 earnings per share. Euronet Worldwide has set its FY 2025 guidance at 9.640-9.990 EPS. As a group, equities research analysts anticipate that Euronet Worldwide will post 9.11 earnings per share for the current year.

Institutional Investors Weigh In On Euronet Worldwide

A number of large investors have recently bought and sold shares of EEFT. Geneos Wealth Management Inc. raised its holdings 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 worth $36,000 after acquiring an additional 109 shares during the last quarter. PNC Financial Services Group Inc. boosted its stake in shares of 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 valued at $245,000 after acquiring an additional 113 shares during the last quarter. Fiduciary Financial Group LLC increased its position in Euronet Worldwide by 5.1% during the 2nd quarter. Fiduciary Financial Group LLC now owns 2,455 shares of the business services provider’s stock worth $255,000 after purchasing an additional 120 shares in the last quarter. Lecap Asset Management Ltd. raised its stake in Euronet Worldwide by 2.9% in the 3rd 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 last quarter. Finally, Evergreen Capital Management LLC boosted its stake in shares of Euronet Worldwide by 0.4% during the 2nd quarter. Evergreen Capital Management LLC now owns 34,035 shares of the business services provider’s stock worth $3,450,000 after purchasing an additional 129 shares during the last quarter. Institutional investors and hedge funds own 91.60% of the company’s stock.

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.