Euronet Worldwide, Inc. (NASDAQ:EEFT) Given Average Recommendation of “Hold” by Brokerages

Shares of Euronet Worldwide, Inc. (NASDAQ:EEFT) have earned an average rating of “Hold” from the seven analysts that are presently covering the firm, Marketbeat reports. Two analysts have rated the stock with a sell rating, two have issued a hold rating and three have issued a buy rating on the company. The average 12 month target price among brokers that have updated their coverage on the stock in the last year is $95.00.

Several equities research analysts have issued reports on EEFT shares. Keefe, Bruyette & Woods cut their target price on Euronet Worldwide from $85.00 to $75.00 and set a “market perform” rating for the company in a research note on Friday, February 13th. Needham & Company LLC reissued a “buy” rating and set a $85.00 target price on shares of Euronet Worldwide in a research note on Friday. Weiss Ratings cut Euronet Worldwide from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Thursday, April 2nd. Finally, DA Davidson dropped their price objective on Euronet Worldwide from $112.00 to $102.00 and set a “buy” rating for the company in a research note on Tuesday, April 14th.

Euronet Worldwide Price Performance

NASDAQ:EEFT opened at $66.20 on Monday. Euronet Worldwide has a one year low of $63.73 and a one year high of $114.25. The company has a debt-to-equity ratio of 1.29, a quick ratio of 1.28 and a current ratio of 1.28. The stock has a market cap of $2.52 billion, a PE ratio of 9.55, a P/E/G ratio of 0.52 and a beta of 0.83. The stock has a 50 day moving average price of $69.84 and a 200 day moving average price of $72.14.

Euronet Worldwide (NASDAQ:EEFT) last posted its quarterly earnings results on Wednesday, April 29th. The business services provider reported $1.58 EPS for the quarter, beating the consensus estimate of $1.42 by $0.16. The firm had revenue of $1.01 billion during the quarter, compared to analysts’ expectations of $969.68 million. Euronet Worldwide had a return on equity of 28.37% and a net margin of 7.15%.The business’s revenue for the quarter was up 10.5% on a year-over-year basis. During the same quarter last year, the firm earned $1.13 earnings per share. Euronet Worldwide has set its FY 2026 guidance at 10.570-11.050 EPS. Equities research analysts expect that Euronet Worldwide will post 9.83 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of EEFT. Tudor Investment Corp ET AL purchased a new stake in Euronet Worldwide during the 3rd quarter worth about $42,813,000. Vanguard Group Inc. lifted its holdings in Euronet Worldwide by 0.7% during the 4th quarter. Vanguard Group Inc. now owns 3,767,279 shares of the business services provider’s stock worth $286,728,000 after buying an additional 26,416 shares during the last quarter. Bank of Montreal Can lifted its holdings in Euronet Worldwide by 933.8% during the 4th quarter. Bank of Montreal Can now owns 1,993,682 shares of the business services provider’s stock worth $151,739,000 after buying an additional 1,800,837 shares during the last quarter. Turtle Creek Asset Management Inc. lifted its holdings in Euronet Worldwide by 44.9% during the 1st quarter. Turtle Creek Asset Management Inc. now owns 1,847,040 shares of the business services provider’s stock worth $122,588,000 after buying an additional 572,194 shares during the last quarter. Finally, American Century Companies Inc. lifted its holdings in Euronet Worldwide by 29.7% during the 3rd quarter. American Century Companies Inc. now owns 1,741,996 shares of the business services provider’s stock worth $152,965,000 after buying an additional 399,263 shares during the last quarter. 91.60% of the stock is currently owned by hedge funds and other 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.