Wolfe Research Reiterates Underperform Rating for Euronet Worldwide (NASDAQ:EEFT)

Euronet Worldwide (NASDAQ:EEFT)‘s stock had its “underperform” rating reiterated by research analysts at Wolfe Research in a research report issued on Thursday,Benzinga reports. They currently have a $80.00 target price on the business services provider’s stock. Wolfe Research’s target price points to a potential upside of 8.01% from the company’s previous close.

Other equities analysts also recently issued research reports about the company. Weiss Ratings reiterated a “sell (d+)” rating on shares of Euronet Worldwide in a report on Monday, December 29th. Keefe, Bruyette & Woods dropped their price objective on shares of Euronet Worldwide from $100.00 to $95.00 and set a “market perform” rating on the stock in a research note on Friday, October 24th. DA Davidson reissued a “buy” rating and set a $130.00 target price on shares of Euronet Worldwide in a research note on Friday, September 12th. Monness Crespi & Hardt cut shares of Euronet Worldwide from a “buy” rating to a “neutral” rating in a report on Monday. Finally, Wall Street Zen lowered Euronet Worldwide from a “buy” rating to a “hold” rating in a report on Saturday, October 18th. Five equities research analysts have rated the stock with a Buy rating, two have given a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $111.33.

Euronet Worldwide Trading Down 3.3%

Euronet Worldwide stock opened at $74.07 on Thursday. Euronet Worldwide has a 52 week low of $68.56 and a 52 week high of $114.25. The company has a debt-to-equity ratio of 0.84, a quick ratio of 1.15 and a current ratio of 1.15. The firm has a market capitalization of $3.11 billion, a price-to-earnings ratio of 10.84, a P/E/G ratio of 0.59 and a beta of 0.84. The company has a 50 day moving average price of $74.46 and a 200 day moving average price of $87.14.

Euronet Worldwide (NASDAQ:EEFT) last released its earnings results on Thursday, October 23rd. The business services provider reported $3.62 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.58 by $0.04. Euronet Worldwide had a return on equity of 27.63% and a net margin of 7.27%.The company had revenue of $1.15 billion during the quarter, compared to analyst estimates of $1.20 billion. During the same quarter in the prior year, the company earned $3.03 earnings per share. The company’s revenue for the quarter was up 4.2% on a year-over-year basis. Euronet Worldwide has set its FY 2025 guidance at 9.640-9.990 EPS. Research analysts forecast that Euronet Worldwide will post 9.11 EPS for the current year.

Institutional Investors Weigh In On Euronet Worldwide

Large investors have recently bought and sold shares of the business. Tudor Investment Corp ET AL bought a new stake in shares of Euronet Worldwide during the 3rd quarter worth about $42,813,000. American Century Companies Inc. lifted its holdings in Euronet Worldwide by 29.7% in 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 purchasing an additional 399,263 shares during the last quarter. Voss Capital LP boosted its position in Euronet Worldwide by 66.5% during the third quarter. Voss Capital LP now owns 1,340,000 shares of the business services provider’s stock worth $117,665,000 after purchasing an additional 535,000 shares during the period. AQR Capital Management LLC grew its holdings in Euronet Worldwide by 131.9% during the second quarter. AQR Capital Management LLC now owns 1,308,267 shares of the business services provider’s stock valued at $132,632,000 after purchasing an additional 744,040 shares during the last quarter. Finally, Burgundy Asset Management Ltd. raised its position in shares of Euronet Worldwide by 3.9% in the second quarter. Burgundy Asset Management Ltd. now owns 1,217,631 shares of the business services provider’s stock valued at $123,443,000 after purchasing an additional 46,205 shares during the period. 91.60% of the stock is currently owned by institutional investors.

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.