Euronet Worldwide, Inc. (NASDAQ:EEFT) Given Consensus Recommendation of “Moderate Buy” by Brokerages

Shares of Euronet Worldwide, Inc. (NASDAQ:EEFT) have received a consensus rating of “Moderate Buy” from the seven ratings firms that are covering the stock, Marketbeat.com reports. Two analysts have rated the stock with a hold recommendation and five have assigned a buy recommendation to the company. The average 1-year target price among brokerages that have updated their coverage on the stock in the last year is $117.60.

Several research firms have recently weighed in on EEFT. DA Davidson reiterated a “buy” rating and issued a $130.00 target price on shares of Euronet Worldwide in a research note on Friday, September 12th. Oppenheimer dropped their price target on Euronet Worldwide from $134.00 to $133.00 and set an “outperform” rating for the company in a report on Friday, October 17th. Needham & Company LLC reduced their price objective on Euronet Worldwide from $120.00 to $100.00 and set a “buy” rating on the stock in a research note on Thursday, October 23rd. Keefe, Bruyette & Woods decreased their target price on Euronet Worldwide from $100.00 to $95.00 and set a “market perform” rating on the stock in a report on Friday, October 24th. Finally, Wall Street Zen cut Euronet Worldwide from a “buy” rating to a “hold” rating in a report on Saturday, October 18th.

Institutional Investors Weigh In On Euronet Worldwide

A number of institutional investors and hedge funds have recently modified their holdings of the business. AQR Capital Management LLC boosted its holdings in Euronet Worldwide by 131.9% during the second quarter. AQR Capital Management LLC now owns 1,308,267 shares of the business services provider’s stock worth $132,632,000 after buying an additional 744,040 shares during the last quarter. Voss Capital LP raised its position in shares of Euronet Worldwide by 66.5% in the 3rd quarter. Voss Capital LP now owns 1,340,000 shares of the business services provider’s stock valued at $117,665,000 after acquiring an additional 535,000 shares during the period. Norges Bank bought a new position in Euronet Worldwide during the 2nd quarter worth approximately $48,417,000. American Century Companies Inc. boosted its stake in Euronet Worldwide by 29.7% during the 3rd quarter. American Century Companies Inc. now owns 1,741,996 shares of the business services provider’s stock worth $152,965,000 after acquiring an additional 399,263 shares during the last quarter. Finally, Boston Partners acquired a new position in Euronet Worldwide during the third quarter valued at approximately $23,455,000. 91.60% of the stock is owned by institutional investors.

Euronet Worldwide Price Performance

Shares of EEFT stock opened at $73.32 on Monday. The stock has a 50 day moving average of $81.68 and a two-hundred day moving average of $94.53. The company has a current ratio of 1.15, a quick ratio of 1.15 and a debt-to-equity ratio of 0.84. Euronet Worldwide has a 12 month low of $68.56 and a 12 month high of $114.25. The company has a market capitalization of $3.08 billion, a P/E ratio of 10.74, a P/E/G ratio of 0.63 and a beta of 1.20.

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 during 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 company’s quarterly revenue was up 4.2% compared to the same quarter last year. During the same quarter in the prior year, the business posted $3.03 earnings per share. Euronet Worldwide has set its FY 2025 guidance at 9.640-9.990 EPS. As a group, equities analysts expect that Euronet Worldwide will post 9.11 EPS for the current year.

Euronet Worldwide Company Profile

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.