Euronet Worldwide, Inc. (NASDAQ:EEFT) Receives $96.00 Consensus Price Target from Analysts

Shares of Euronet Worldwide, Inc. (NASDAQ:EEFT) have been given an average recommendation of “Hold” by the seven analysts that are presently covering the firm, MarketBeat.com reports. One analyst has rated the stock with a sell rating, three have given a hold rating and three have given a buy rating to the company. The average twelve-month target price among brokerages that have issued a report on the stock in the last year is $96.00.

A number of analysts have recently weighed in on EEFT shares. Needham & Company LLC upped their price target on shares of Euronet Worldwide from $85.00 to $90.00 and gave the stock a “buy” rating in a report on Thursday, July 30th. DA Davidson restated a “buy” rating and set a $102.00 price objective on shares of Euronet Worldwide in a research report on Friday, July 10th. Finally, Weiss Ratings upgraded shares of Euronet Worldwide from a “hold (c-)” rating to a “hold (c)” rating in a research report on Tuesday, July 28th.

Euronet Worldwide Stock Down 1.4%

EEFT stock opened at $72.08 on Friday. The company has a market cap of $2.74 billion, a PE ratio of 11.32, a price-to-earnings-growth ratio of 0.57 and a beta of 0.82. The business has a 50-day simple moving average of $73.27 and a 200 day simple moving average of $71.57. Euronet Worldwide has a 52 week low of $62.50 and a 52 week high of $98.52. The company has a quick ratio of 1.28, a current ratio of 1.37 and a debt-to-equity ratio of 1.47.

Euronet Worldwide (NASDAQ:EEFT) last announced its quarterly earnings data on Thursday, July 30th. The business services provider reported $2.82 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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 last year, the company earned $2.56 EPS. The firm’s quarterly revenue was up 3.2% compared to the same quarter last year. Sell-side analysts anticipate that Euronet Worldwide will post 9.83 EPS for the current fiscal year.

Insider Activity

In other Euronet Worldwide news, Director Thomas A. Mcdonnell purchased 3,000 shares of the stock in a transaction dated Tuesday, May 26th. The stock was bought at an average price of $66.87 per share, with a total value of $200,610.00. Following the acquisition, the director owned 100,219 shares of the company’s stock, valued at approximately $6,701,644.53. This represents a 3.09% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through this hyperlink. Insiders own 12.19% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of EEFT. Johnson Financial Group Inc. acquired a new stake in shares of Euronet Worldwide in the 3rd quarter valued at approximately $26,000. Danske Bank A S acquired a new position in Euronet Worldwide during the 3rd quarter worth approximately $26,000. Geneos Wealth Management Inc. increased its position in Euronet Worldwide by 48.4% during the 1st 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 in the last quarter. Kestra Advisory Services LLC bought a new position in Euronet Worldwide in the 4th quarter valued at approximately $38,000. Finally, 1620 Investment Advisors Inc. lifted its stake in Euronet Worldwide by 123.1% in the 4th quarter. 1620 Investment Advisors Inc. now owns 589 shares of the business services provider’s stock valued at $45,000 after purchasing an additional 325 shares during the last quarter. Institutional investors own 91.60% of the company’s stock.

Euronet Worldwide Company Profile

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.