Euronet Worldwide (NASDAQ:EEFT) Downgraded by Monness Crespi & Hardt to “Neutral”

Euronet Worldwide (NASDAQ:EEFT) was downgraded by stock analysts at Monness Crespi & Hardt from a “buy” rating to a “neutral” rating in a report issued on Monday.

Other equities analysts have also recently issued reports about the stock. Keefe, Bruyette & Woods reduced their price target on shares of Euronet Worldwide from $100.00 to $95.00 and set a “market perform” rating on the stock in a research report on Friday, October 24th. Oppenheimer dropped their price objective on Euronet Worldwide from $134.00 to $133.00 and set an “outperform” rating on the stock in a research note on Friday, October 17th. Needham & Company LLC decreased their target price on Euronet Worldwide from $120.00 to $100.00 and set a “buy” rating for the company in a research note on Thursday, October 23rd. DA Davidson restated a “buy” rating and issued a $130.00 price target on shares of Euronet Worldwide in a report on Friday, September 12th. Finally, Wall Street Zen cut Euronet Worldwide from a “buy” rating to a “hold” rating in a report on Saturday, October 18th. Five analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, Euronet Worldwide currently has an average rating of “Moderate Buy” and an average target price of $117.60.

Euronet Worldwide Stock Performance

Shares of Euronet Worldwide stock opened at $74.10 on Monday. The firm has a fifty day moving average of $74.70 and a two-hundred day moving average of $87.57. The company has a debt-to-equity ratio of 0.84, a quick ratio of 1.15 and a current ratio of 1.15. The stock has a market capitalization of $3.12 billion, a price-to-earnings ratio of 10.85, a PEG ratio of 0.57 and a beta of 0.84. Euronet Worldwide has a 52 week low of $68.56 and a 52 week high of $114.25.

Euronet Worldwide (NASDAQ:EEFT) last released its quarterly earnings data on Thursday, October 23rd. The business services provider reported $3.62 EPS for the quarter, beating analysts’ consensus estimates of $3.58 by $0.04. The business had revenue of $1.15 billion during the quarter, compared to the consensus estimate of $1.20 billion. Euronet Worldwide had a return on equity of 27.63% and a net margin of 7.27%.The firm’s revenue was up 4.2% on a year-over-year basis. During the same quarter in the prior year, the company posted $3.03 earnings per share. Euronet Worldwide has set its FY 2025 guidance at 9.640-9.990 EPS. As a group, equities research analysts predict that Euronet Worldwide will post 9.11 EPS for the current year.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of EEFT. Johnson Financial Group Inc. bought a new position in Euronet Worldwide during the third quarter worth about $26,000. Danske Bank A S acquired a new position in Euronet Worldwide in the 3rd quarter valued at approximately $26,000. Allworth Financial LP raised its stake in shares of Euronet Worldwide by 248.7% during the second quarter. Allworth Financial LP now owns 265 shares of the business services provider’s stock valued at $27,000 after acquiring an additional 189 shares during the last quarter. First Horizon Corp acquired a new position in shares of Euronet Worldwide during the third quarter worth $36,000. Finally, Geneos Wealth Management Inc. grew its stake in shares of Euronet Worldwide by 48.4% in the first quarter. Geneos Wealth Management Inc. now owns 334 shares of the business services provider’s stock worth $36,000 after purchasing an additional 109 shares during the last quarter. 91.60% of the stock is currently owned by institutional investors.

About Euronet Worldwide

Euronet Worldwide, Inc is a global financial technology company specializing in electronic payment services and transaction processing. Through its three primary business segments—Electronic Funds Transfer (EFT) Network Services, epay® Prepaid and Payment Services, and Money Transfer—Euronet provides end-to-end solutions that enable secure, efficient and convenient payments for consumers, financial institutions and retailers worldwide.

In its EFT Network Services arm, Euronet operates one of the world’s largest ATM and point-of-sale (POS) terminal networks, offering deployment, management and connectivity services.