Euronet Worldwide, Inc. (NASDAQ:EEFT) Receives Consensus Recommendation of "Hold" from Analysts

Key Points

• Analysts have a consensus “Hold” rating on Euronet Worldwide, with three buy, three hold and one sell recommendation. The average 12-month price target is $94, compared with the stock’s opening price of $71.21.
• Euronet shares rose 1.4%, while the company reported quarterly EPS of $2.82, missing the $2.93 consensus estimate. Revenue increased 3.2% year over year, and analysts forecast full-year EPS of $9.55.
• Institutional investors and hedge funds own 91.6% of the company, with several major holders recently increasing their positions, including Vanguard, California State Teachers Retirement System and Bank of Montreal.

Shares of Euronet Worldwide, Inc. (NASDAQ:EEFT - Get Free Report) have received a consensus rating of "Hold" from the seven analysts that are covering the stock, MarketBeat reports. One analyst has rated the stock with a sell recommendation, three have given a hold recommendation and three have assigned a buy recommendation to the company. The average 1 year price objective among brokerages that have issued a report on the stock in the last year is $94.00.

EEFT has been the subject of a number of recent analyst reports. Needham & Company LLC upped their price target on Euronet Worldwide from $85.00 to $90.00 and gave the company a "buy" rating in a research note on Thursday, July 30th. Weiss Ratings lowered shares of Euronet Worldwide from a "hold (c)" rating to a "hold (c-)" rating in a research note on Tuesday, August 11th. DA Davidson reissued a "buy" rating and set a $102.00 price objective on shares of Euronet Worldwide in a research note on Friday, July 10th. Finally, Wolfe Research decreased their price objective on shares of Euronet Worldwide from $75.00 to $70.00 and set an "underperform" rating for the company in a report on Tuesday.

Euronet Worldwide Stock Up 1.4%

Shares of Euronet Worldwide stock opened at $71.21 on Wednesday. The company has a quick ratio of 1.37, a current ratio of 1.37 and a debt-to-equity ratio of 1.47. Euronet Worldwide has a 12 month low of $62.50 and a 12 month high of $96.93. The business has a fifty day simple moving average of $73.94 and a 200 day simple moving average of $71.40. The stock has a market cap of $2.71 billion, a PE ratio of 11.18, a price-to-earnings-growth ratio of 0.57 and a beta of 0.82.

Euronet Worldwide (NASDAQ:EEFT - Get Free Report) last released its quarterly earnings data on Thursday, July 30th. The business services provider reported $2.82 EPS for the quarter, missing analysts' consensus estimates of $2.93 by ($0.11). Euronet Worldwide had a net margin of 6.63% and a return on equity of 28.60%. During the same period in the prior year, the company posted $2.56 earnings per share. The firm's quarterly revenue was up 3.2% on a year-over-year basis. Research analysts predict that Euronet Worldwide will post 9.55 EPS for the current year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the stock. Vanguard Group Inc. increased its holdings in Euronet Worldwide by 0.7% during the 4th quarter. Vanguard Group Inc. now owns 3,767,279 shares of the business services provider's stock worth $286,728,000 after purchasing an additional 26,416 shares in the last quarter. BlackRock Inc. acquired a new stake in shares of Euronet Worldwide in the 2nd quarter valued at about $244,726,000. California State Teachers Retirement System lifted its holdings in shares of Euronet Worldwide by 6,067.4% in the second quarter. California State Teachers Retirement System now owns 2,967,928 shares of the business services provider's stock valued at $217,223,000 after purchasing an additional 2,919,805 shares in the last quarter. Bank of Montreal Can lifted its holdings in shares of Euronet Worldwide by 933.8% in the fourth quarter. Bank of Montreal Can now owns 1,993,682 shares of the business services provider's stock valued at $151,739,000 after purchasing an additional 1,800,837 shares in the last quarter. Finally, Turtle Creek Asset Management Inc. boosted its position in shares of Euronet Worldwide by 44.9% during the first quarter. Turtle Creek Asset Management Inc. now owns 1,847,040 shares of the business services provider's stock worth $122,588,000 after buying an additional 572,194 shares during the period. Institutional investors and hedge funds 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.

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