Euronet Worldwide, Inc. (NASDAQ:EEFT) Receives Consensus Rating of “Hold” from Brokerages

Shares of Euronet Worldwide, Inc. (NASDAQ:EEFT) have been assigned an average recommendation of “Hold” from the seven analysts that are currently covering the company, Marketbeat.com reports. One analyst has rated the stock with a sell recommendation, three have assigned a hold recommendation and three have given a buy recommendation to the company. The average 12 month price target among brokerages that have updated their coverage on the stock in the last year is $94.00.

EEFT has been the topic of a number of recent research reports. DA Davidson reaffirmed a “buy” rating and set a $102.00 price objective on shares of Euronet Worldwide in a research report on Friday, July 10th. Needham & Company LLC lifted their target price on Euronet Worldwide from $85.00 to $90.00 and gave the company a “buy” rating in a report on Thursday, July 30th. Wolfe Research lowered their target price on Euronet Worldwide from $75.00 to $70.00 and set an “underperform” rating for the company in a research note on Tuesday, August 25th. Finally, Weiss Ratings downgraded Euronet Worldwide from a “hold (c)” rating to a “hold (c-)” rating in a report on Tuesday, August 11th.

Euronet Worldwide Trading Up 2.0%

Shares of EEFT stock opened at $65.61 on Friday. The company has a debt-to-equity ratio of 1.47, a quick ratio of 1.37 and a current ratio of 1.37. The stock has a market capitalization of $2.50 billion, a P/E ratio of 10.30, a price-to-earnings-growth ratio of 0.53 and a beta of 0.83. The company has a 50 day moving average price of $72.09 and a 200 day moving average price of $71.09. Euronet Worldwide has a fifty-two week low of $62.50 and a fifty-two week high of $90.56.

Euronet Worldwide (NASDAQ:EEFT) last announced its earnings results on Thursday, July 30th. The business services provider reported $2.82 earnings per share for the quarter, missing the consensus estimate of $2.93 by ($0.11). Euronet Worldwide had a return on equity of 28.60% and a net margin of 6.63%.During the same quarter in the previous year, the company earned $2.56 EPS. The business’s quarterly revenue was up 3.2% compared to the same quarter last year. Equities research analysts predict that Euronet Worldwide will post 9.55 EPS for the current fiscal year.

Hedge Funds Weigh In On Euronet Worldwide

Institutional investors and hedge funds have recently made changes to their positions in the stock. Sequoia Financial Advisors LLC grew its holdings in Euronet Worldwide by 16.7% during the 2nd quarter. Sequoia Financial Advisors LLC now owns 7,216 shares of the business services provider’s stock worth $528,000 after acquiring an additional 1,035 shares in the last quarter. Engineers Gate Manager LP acquired a new stake in shares of Euronet Worldwide in the 2nd quarter valued at $2,277,000. Integrated Wealth Concepts LLC purchased a new stake in shares of Euronet Worldwide during the 2nd quarter worth $75,000. Squarepoint Ops LLC purchased a new stake in shares of Euronet Worldwide during the 2nd quarter worth $250,000. Finally, Allworth Financial LP grew its stake in shares of Euronet Worldwide by 98.0% during the second quarter. Allworth Financial LP now owns 584 shares of the business services provider’s stock worth $43,000 after purchasing an additional 289 shares in the last quarter. 91.60% of the stock is owned by institutional investors and hedge funds.

About Euronet Worldwide

Euronet Worldwide, Inc provides electronic payment and transaction-processing services through a global network of automated teller machines, point-of-sale terminals, money-transfer locations and digital platforms. The company serves financial institutions, retailers, mobile operators, money-transfer agents and consumers.

Euronet operates through three primary business areas: EFT Processing, which includes ATM services, electronic payment processing and related financial technology; epay, which distributes prepaid mobile airtime, gift cards and other electronic payment products; and Money Transfer, which provides international and domestic remittance services through the Ria Money Transfer and xe brands, among others.

Headquartered in Leawood, Kansas, Euronet was founded in 1994 and initially focused on developing ATM networks in Central Europe before expanding into broader payment-processing and money-transfer services.