Shares of Euronet Worldwide, Inc. (NASDAQ:EEFT – Get Free Report) have been given an average rating of “Hold” by the eight analysts that are currently covering the company, Marketbeat reports. One analyst has rated the stock with a sell recommendation, four have issued a hold recommendation and three have given a buy recommendation to the company. The average twelve-month price objective among analysts that have issued a report on the stock in the last year is $73.40.
A number of research analysts recently issued reports on EEFT shares. DA Davidson lowered their target price on shares of Euronet Worldwide from $94.00 to $84.00 and set a “buy” rating on the stock in a research note on Wednesday, October 28th. Cantor Fitzgerald reiterated an “overweight” rating on shares of Euronet Worldwide in a report on Wednesday, October 28th. Wolfe Research cut their target price on shares of Euronet Worldwide from $75.00 to $70.00 and set an “underperform” rating for the company in a research report on Tuesday, August 25th. Stephens decreased their price target on shares of Euronet Worldwide from $71.00 to $63.00 and set an “equal weight” rating for the company in a report on Wednesday, October 28th. Finally, Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Euronet Worldwide in a research report on Wednesday, November 4th.
View Our Latest Research Report on EEFT
Hedge Funds Weigh In On Euronet Worldwide
Large investors have recently made changes to their positions in the business. Bank of America Corp DE bought a new position in Euronet Worldwide in the 2nd quarter worth approximately $22,221,000. Walleye Trading LLC acquired a new position in shares of Euronet Worldwide during the second quarter worth approximately $1,068,000. Rice Hall James & Associates LLC lifted its holdings in shares of Euronet Worldwide by 8.3% during the first quarter. Rice Hall James & Associates LLC now owns 241,991 shares of the business services provider’s stock worth $16,061,000 after buying an additional 18,515 shares during the last quarter. BlackRock Inc. acquired a new position in shares of Euronet Worldwide during the second quarter worth approximately $244,726,000. Finally, Engineers Gate Manager LP bought a new stake in shares of Euronet Worldwide in the second quarter valued at approximately $2,277,000. Institutional investors and hedge funds own 91.60% of the company’s stock.
Euronet Worldwide Stock Down 0.2%
Shares of Euronet Worldwide stock opened at $70.49 on Monday. The stock has a market capitalization of $2.59 billion, a P/E ratio of 11.46, a PEG ratio of 0.58 and a beta of 0.92. The company has a quick ratio of 1.42, a current ratio of 1.42 and a debt-to-equity ratio of 1.31. The stock has a 50 day moving average price of $66.64 and a two-hundred day moving average price of $70.26. Euronet Worldwide has a 12-month low of $57.48 and a 12-month high of $83.97.
Euronet Worldwide (NASDAQ:EEFT – Get Free Report) last announced its quarterly earnings results on Tuesday, October 27th. The business services provider reported $3.55 EPS for the quarter, missing the consensus estimate of $3.66 by ($0.11). Euronet Worldwide had a net margin of 6.41% and a return on equity of 27.44%. The company had revenue of $1.16 billion for the quarter, compared to analyst estimates of $1.19 billion. During the same quarter last year, the business earned $3.62 EPS. The company’s revenue for the quarter was up 1.3% on a year-over-year basis. Equities analysts expect that Euronet Worldwide will post 9.35 earnings per share for the current year.
Euronet Worldwide Company Profile
Euronet Worldwide is a global provider of electronic payment and transaction-processing services. Founded in 1994, the company began by developing electronic funds transfer services in Central Europe and has since expanded its offerings and international reach. Its EFT Processing business provides ATM and point-of-sale services, including network operations, payment processing and outsourced solutions for financial institutions and businesses. Through its epay business, Euronet distributes prepaid mobile airtime and other digital products.
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