Analysts Set Euronet Worldwide, Inc. (NASDAQ:EEFT) Price Target at $121.17

Shares of Euronet Worldwide, Inc. (NASDAQ:EEFT) have been assigned a consensus recommendation of “Moderate Buy” from the nine brokerages that are presently covering the company, MarketBeat reports. Three equities research analysts have rated the stock with a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the company. The average 12-month price objective among brokers that have issued a report on the stock in the last year is $121.1667.

A number of research firms have weighed in on EEFT. Oppenheimer raised their price objective on shares of Euronet Worldwide from $135.00 to $137.00 and gave the company an “outperform” rating in a research note on Wednesday, July 2nd. Keefe, Bruyette & Woods dropped their price objective on shares of Euronet Worldwide from $110.00 to $100.00 and set a “market perform” rating on the stock in a research note on Wednesday, October 1st. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Euronet Worldwide in a research note on Wednesday. Finally, DA Davidson reaffirmed a “buy” rating and issued a $130.00 price objective on shares of Euronet Worldwide in a research note on Friday, September 12th.

Euronet Worldwide Stock Down 3.5%

Euronet Worldwide stock opened at $83.11 on Friday. The company has a debt-to-equity ratio of 0.74, a quick ratio of 1.15 and a current ratio of 1.15. Euronet Worldwide has a 52-week low of $82.72 and a 52-week high of $114.25. The firm has a 50 day moving average price of $91.21 and a two-hundred day moving average price of $98.96. The firm has a market cap of $3.41 billion, a price-to-earnings ratio of 11.40, a PEG ratio of 0.67 and a beta of 1.21.

Euronet Worldwide (NASDAQ:EEFT) last released its quarterly earnings data on Thursday, July 31st. The business services provider reported $2.56 earnings per share for the quarter, missing the consensus estimate of $2.66 by ($0.10). The company had revenue of $1.07 billion during the quarter, compared to the consensus estimate of $1.08 billion. Euronet Worldwide had a net margin of 8.06% and a return on equity of 26.62%. The business’s revenue was up 8.9% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $2.25 EPS. Euronet Worldwide has set its FY 2025 guidance at 9.640-9.990 EPS. Equities analysts predict that Euronet Worldwide will post 9.11 EPS for the current year.

Hedge Funds Weigh In On Euronet Worldwide

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Blair William & Co. IL raised its stake in Euronet Worldwide by 2.0% in the 1st quarter. Blair William & Co. IL now owns 5,007 shares of the business services provider’s stock valued at $535,000 after acquiring an additional 100 shares during the period. Geneos Wealth Management Inc. increased its position 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. PNC Financial Services Group Inc. increased its position in shares of Euronet Worldwide by 4.9% in the second quarter. PNC Financial Services Group Inc. now owns 2,420 shares of the business services provider’s stock worth $245,000 after purchasing an additional 113 shares during the last quarter. State of Alaska Department of Revenue increased its position in shares of Euronet Worldwide by 2.5% in the first quarter. State of Alaska Department of Revenue now owns 4,833 shares of the business services provider’s stock worth $516,000 after purchasing an additional 120 shares during the last quarter. Finally, Fiduciary Financial Group LLC boosted its stake in Euronet Worldwide by 5.1% in the second quarter. Fiduciary Financial Group LLC now owns 2,455 shares of the business services provider’s stock worth $255,000 after buying an additional 120 shares in the last quarter. 91.60% of the stock is owned by hedge funds and other institutional investors.

Euronet Worldwide Company Profile

Euronet Worldwide, Inc provides payment and transaction processing and distribution solutions to financial institutions, retailers, service providers, and individual consumers worldwide. It operates through three segments: Electronic Fund Transfer Processing, epay, and Money Transfer. The Electronic Fund Transfer Processing segment provides electronic payment solutions, including automated teller machine (ATM) cash withdrawal and deposit services, ATM network participation, outsourced ATM and point-of-sale (POS) management solutions, credit and debit and prepaid card outsourcing, card issuing, and merchant acquiring services.