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

Shares of Euronet Worldwide, Inc. (NASDAQ:EEFT) have been given a consensus recommendation of “Moderate Buy” by the eight research firms that are covering the company, Marketbeat reports. Two investment analysts have rated the stock with a hold recommendation, five have issued a buy recommendation and one has issued a strong buy recommendation on the company. The average 12-month price target among brokerages that have updated their coverage on the stock in the last year is $123.8333.

Several research analysts have weighed in on EEFT shares. Needham & Company LLC lowered their price target on shares of Euronet Worldwide from $130.00 to $120.00 and set a “buy” rating on the stock in a report on Friday, April 25th. Oppenheimer increased their price target on shares of Euronet Worldwide from $135.00 to $137.00 and gave the company an “outperform” rating in a report on Wednesday, July 2nd. Keefe, Bruyette & Woods lowered their price target on shares of Euronet Worldwide from $112.00 to $110.00 and set a “market perform” rating on the stock in a report on Friday, April 25th. Finally, William Blair reissued an “outperform” rating on shares of Euronet Worldwide in a report on Thursday, April 24th.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the stock. Anchor Investment Management LLC bought a new position in Euronet Worldwide in the 2nd quarter valued at about $101,000. Public Sector Pension Investment Board increased its holdings in shares of Euronet Worldwide by 0.7% during the second quarter. Public Sector Pension Investment Board now owns 93,869 shares of the business services provider’s stock worth $9,516,000 after purchasing an additional 633 shares during the period. Evergreen Capital Management LLC increased its holdings in shares of Euronet Worldwide by 0.4% during the second 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 period. CANADA LIFE ASSURANCE Co increased its holdings in shares of Euronet Worldwide by 0.7% during the second quarter. CANADA LIFE ASSURANCE Co now owns 33,349 shares of the business services provider’s stock worth $3,381,000 after purchasing an additional 229 shares during the period. Finally, SkyView Investment Advisors LLC increased its holdings in shares of Euronet Worldwide by 2.6% during the second quarter. SkyView Investment Advisors LLC now owns 7,682 shares of the business services provider’s stock worth $782,000 after purchasing an additional 198 shares during the period. 91.60% of the stock is owned by institutional investors.

Euronet Worldwide Trading Down 0.1%

Shares of NASDAQ:EEFT opened at $95.09 on Friday. Euronet Worldwide has a 52-week low of $85.24 and a 52-week high of $114.25. The company has a market capitalization of $3.90 billion, a P/E ratio of 13.04, a price-to-earnings-growth ratio of 0.76 and a beta of 1.25. The company has a 50-day simple moving average of $100.72 and a 200 day simple moving average of $102.06. The company has a debt-to-equity ratio of 0.74, a quick ratio of 1.15 and a current ratio of 1.15.

Euronet Worldwide (NASDAQ:EEFT) last issued its earnings results on Thursday, July 31st. The business services provider reported $2.56 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.66 by ($0.10). Euronet Worldwide had a net margin of 8.06% and a return on equity of 26.62%. The firm had revenue of $1.07 billion during the quarter, compared to analyst estimates of $1.08 billion. During the same quarter last year, the business posted $2.25 earnings per share. The company’s revenue for the quarter was up 8.9% on a year-over-year basis. Euronet Worldwide has set its FY 2025 guidance at 9.640-9.990 EPS. Sell-side analysts forecast that Euronet Worldwide will post 9.11 earnings per share 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.