Wall Street Zen Downgrades Euronet Worldwide (NASDAQ:EEFT) to Hold

Euronet Worldwide (NASDAQ:EEFT) was downgraded by analysts at Wall Street Zen from a “buy” rating to a “hold” rating in a report released on Saturday.

A number of other equities analysts have also weighed in on EEFT. Keefe, Bruyette & Woods lowered their target price on Euronet Worldwide from $110.00 to $100.00 and set a “market perform” rating on the stock in a research report on Wednesday, October 1st. Oppenheimer decreased their price target on shares of Euronet Worldwide from $134.00 to $133.00 and set an “outperform” rating for the company in a research note on Friday. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Euronet Worldwide in a research note on Wednesday, October 8th. Finally, DA Davidson reiterated a “buy” rating and set a $130.00 price objective on shares of Euronet Worldwide in a report on Friday, September 12th. One investment analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat, Euronet Worldwide has an average rating of “Moderate Buy” and an average price target of $122.60.

Euronet Worldwide Price Performance

EEFT stock opened at $87.33 on Friday. The company has a debt-to-equity ratio of 0.74, a current ratio of 1.15 and a quick ratio of 1.15. The company’s 50-day moving average is $90.57 and its 200-day moving average is $98.16. The stock has a market capitalization of $3.58 billion, a PE ratio of 11.98, a price-to-earnings-growth ratio of 0.70 and a beta of 1.21. Euronet Worldwide has a 1 year low of $82.18 and a 1 year high of $114.25.

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

Institutional Trading of Euronet Worldwide

Several institutional investors and hedge funds have recently made changes to their positions in EEFT. American Century Companies Inc. lifted its position in shares of Euronet Worldwide by 20.4% during 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 in the last quarter. AQR Capital Management LLC grew its position in Euronet Worldwide by 131.9% in the 2nd quarter. AQR Capital Management LLC now owns 1,308,267 shares of the business services provider’s stock worth $132,632,000 after purchasing an additional 744,040 shares in the last quarter. Burgundy Asset Management Ltd. increased its stake in Euronet Worldwide by 3.9% in the 2nd quarter. Burgundy Asset Management Ltd. now owns 1,217,631 shares of the business services provider’s stock valued at $123,443,000 after buying an additional 46,205 shares during the last quarter. Hotchkis & Wiley Capital Management LLC lifted its position in shares of Euronet Worldwide by 3.1% during the 1st quarter. Hotchkis & Wiley Capital Management LLC now owns 1,069,549 shares of the business services provider’s stock worth $114,281,000 after buying an additional 31,778 shares in the last quarter. Finally, Reinhart Partners LLC. boosted its stake in shares of Euronet Worldwide by 21.6% in the 2nd quarter. Reinhart Partners LLC. now owns 897,910 shares of the business services provider’s stock worth $91,032,000 after buying an additional 159,527 shares during the last quarter. Hedge funds and other institutional investors own 91.60% of the company’s stock.

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.