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

Euronet Worldwide, Inc. (NASDAQ:EEFT) has been assigned an average rating of “Moderate Buy” from the eight analysts that are currently covering the stock, MarketBeat reports. Two analysts have rated the stock with a hold rating, five have given a buy rating and one has issued a strong buy rating on the company. The average twelve-month price target among brokerages that have issued ratings on the stock in the last year is $122.8333.

Several brokerages recently weighed in on EEFT. Oppenheimer lifted their price target on Euronet Worldwide from $135.00 to $137.00 and gave the company an “outperform” rating in a research note on Wednesday, July 2nd. DA Davidson restated a “buy” rating and issued a $130.00 price objective on shares of Euronet Worldwide in a research report on Friday, September 12th.

Institutional Investors Weigh In On Euronet Worldwide

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. AQR Capital Management LLC grew its holdings in shares of 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 in the last quarter. Norges Bank purchased a new stake in Euronet Worldwide in the second quarter valued at approximately $48,417,000. American Century Companies Inc. grew its holdings in Euronet Worldwide by 20.4% in the second quarter. American Century Companies Inc. now owns 1,342,733 shares of the business services provider’s stock valued at $136,126,000 after purchasing an additional 227,597 shares during the period. GAMMA Investing LLC grew its stake in shares of Euronet Worldwide by 21,258.8% during the 1st quarter. GAMMA Investing LLC now owns 203,763 shares of the business services provider’s stock valued at $21,772,000 after buying an additional 202,809 shares during the period. Finally, Voss Capital LP grew its stake in shares of Euronet Worldwide by 30.9% during the 1st quarter. Voss Capital LP now owns 824,589 shares of the business services provider’s stock valued at $88,107,000 after buying an additional 194,589 shares during the period. Hedge funds and other institutional investors own 91.60% of the company’s stock.

Euronet Worldwide Stock Down 0.2%

Shares of EEFT stock opened at $89.30 on Wednesday. The stock has a 50 day moving average of $96.29 and a 200 day moving average of $100.90. The company has a current ratio of 1.15, a quick ratio of 1.15 and a debt-to-equity ratio of 0.74. The stock has a market cap of $3.66 billion, a P/E ratio of 12.25, a P/E/G ratio of 0.72 and a beta of 1.25. Euronet Worldwide has a twelve month low of $85.24 and a twelve month high of $114.25.

Euronet Worldwide (NASDAQ:EEFT) last posted 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 in the prior year, the firm earned $2.25 earnings per share. The business’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. As a group, sell-side analysts expect that Euronet Worldwide will post 9.11 EPS for the current year.

About Euronet Worldwide

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.