Euronet Worldwide’s (EEFT) “Underperform” Rating Reiterated at Wolfe Research

Wolfe Research reaffirmed their underperform rating on shares of Euronet Worldwide (NASDAQ:EEFT) in a research report released on Thursday, Marketbeat reports. Wolfe Research currently has a $80.00 price objective on the business services provider’s stock.

A number of other brokerages have also weighed in on EEFT. Monness Crespi & Hardt lowered Euronet Worldwide from a “buy” rating to a “neutral” rating in a research report on Monday, January 5th. Keefe, Bruyette & Woods decreased their price objective on shares of Euronet Worldwide from $100.00 to $95.00 and set a “market perform” rating for the company in a report on Friday, October 24th. DA Davidson restated a “buy” rating and set a $130.00 price objective on shares of Euronet Worldwide in a research report on Friday, September 12th. Oppenheimer cut their target price on shares of Euronet Worldwide from $134.00 to $133.00 and set an “outperform” rating for the company in a research report on Friday, October 17th. Finally, Needham & Company LLC decreased their target price on shares of Euronet Worldwide from $120.00 to $100.00 and set a “buy” rating for the company in a research note on Thursday, October 23rd. Five research analysts have rated the stock with a Buy rating, two have issued a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat, Euronet Worldwide presently has an average rating of “Hold” and a consensus price target of $111.33.

Euronet Worldwide Stock Up 1.2%

Euronet Worldwide stock opened at $75.31 on Thursday. The company has a quick ratio of 1.15, a current ratio of 1.15 and a debt-to-equity ratio of 0.84. The company has a market capitalization of $3.17 billion, a P/E ratio of 11.03, a P/E/G ratio of 0.58 and a beta of 0.84. Euronet Worldwide has a twelve month low of $68.56 and a twelve month high of $114.25. The firm has a 50 day moving average price of $74.43 and a 200-day moving average price of $86.78.

Euronet Worldwide (NASDAQ:EEFT) last posted its quarterly earnings results 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 firm had revenue of $1.15 billion for the quarter, compared to analysts’ expectations of $1.20 billion. Euronet Worldwide had a net margin of 7.27% and a return on equity of 27.63%. The business’s revenue for the quarter 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 analysts predict that Euronet Worldwide will post 9.11 EPS for the current year.

Hedge Funds Weigh In On Euronet Worldwide

Institutional investors have recently bought and sold shares of the stock. Johnson Financial Group Inc. bought a new stake in Euronet Worldwide during the third quarter valued at about $26,000. Danske Bank A S bought a new position in shares of Euronet Worldwide in the third quarter worth about $26,000. Allworth Financial LP lifted its position in shares of Euronet Worldwide by 248.7% during the 2nd quarter. Allworth Financial LP now owns 265 shares of the business services provider’s stock valued at $27,000 after buying an additional 189 shares in the last quarter. First Horizon Corp bought a new position in shares of Euronet Worldwide during the 3rd quarter valued at approximately $36,000. Finally, Geneos Wealth Management Inc. increased its holdings in Euronet Worldwide by 48.4% in the 1st quarter. Geneos Wealth Management Inc. now owns 334 shares of the business services provider’s stock worth $36,000 after acquiring an additional 109 shares in the last quarter. 91.60% of the stock is 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.