Euronet Worldwide, Inc. (NASDAQ:EEFT) Stock Has Average Target Price of $73.40

Key Points

• Analyst sentiment is mixed: Euronet Worldwide has an average “Hold” rating from eight firms—three Buys, four Holds and one Sell—with an average 12-month price target of $73.40.
• Latest quarterly results fell short of expectations: Euronet reported EPS of $3.55 versus a $3.66 consensus estimate and revenue of $1.16 billion versus $1.19 billion expected, although revenue increased 1.3% year over year.
• Several analysts recently reduced their price targets, including Stephens, Wolfe Research and DA Davidson, while Cantor Fitzgerald reaffirmed its “Overweight” rating.

Euronet Worldwide, Inc. (NASDAQ:EEFT - Get Free Report) has been assigned an average rating of "Hold" from the eight ratings firms that are currently covering the company, Marketbeat reports. One research analyst has rated the stock with a sell recommendation, four have assigned a hold recommendation and three have issued a buy recommendation on the company. The average twelve-month price target among brokers that have issued ratings on the stock in the last year is $73.40.

EEFT has been the topic of a number of research reports. Stephens cut their target price on shares of Euronet Worldwide from $71.00 to $63.00 and set an "equal weight" rating on the stock in a research report on Wednesday, October 28th. Cantor Fitzgerald reaffirmed an "overweight" rating on shares of Euronet Worldwide in a research note on Wednesday, October 28th. Wolfe Research dropped their price target on Euronet Worldwide from $75.00 to $70.00 and set an "underperform" rating on the stock in a research report on Tuesday, August 25th. DA Davidson cut their price objective on Euronet Worldwide from $94.00 to $84.00 and set a "buy" rating on the stock in a report on Wednesday, October 28th. Finally, Weiss Ratings cut shares of Euronet Worldwide from a "hold (c)" rating to a "hold (c-)" rating in a report on Tuesday, August 11th.

Euronet Worldwide Stock Performance

Shares of Euronet Worldwide stock opened at $70.87 on Monday. The company has a debt-to-equity ratio of 1.31, a current ratio of 1.42 and a quick ratio of 1.42. The firm has a 50 day simple moving average of $66.55 and a 200 day simple moving average of $70.31. Euronet Worldwide has a fifty-two week low of $57.48 and a fifty-two week high of $83.97. The firm has a market cap of $2.60 billion, a P/E ratio of 11.52, a P/E/G ratio of 0.58 and a beta of 0.92.

Euronet Worldwide (NASDAQ:EEFT - Get Free Report) last posted its quarterly earnings data on Tuesday, October 27th. The business services provider reported $3.55 earnings per share (EPS) for the quarter, missing the consensus estimate of $3.66 by ($0.11). The firm had revenue of $1.16 billion for the quarter, compared to analyst estimates of $1.19 billion. Euronet Worldwide had a return on equity of 27.44% and a net margin of 6.41%. The firm's quarterly revenue was up 1.3% compared to the same quarter last year. During the same period in the prior year, the company posted $3.62 EPS. Sell-side analysts predict that Euronet Worldwide will post 9.35 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Euronet Worldwide

Institutional investors have recently added to or reduced their stakes in the stock. BlackRock Inc. acquired a new stake in Euronet Worldwide in the 2nd quarter valued at $244,726,000. Turtle Creek Asset Management Inc. raised its holdings in shares of Euronet Worldwide by 44.9% in the 1st quarter. Turtle Creek Asset Management Inc. now owns 1,847,040 shares of the business services provider's stock valued at $122,588,000 after purchasing an additional 572,194 shares during the period. Reinhart Partners LLC. lifted its position in shares of Euronet Worldwide by 9.2% in the second quarter. Reinhart Partners LLC. now owns 1,627,141 shares of the business services provider's stock valued at $119,091,000 after buying an additional 136,613 shares during the last quarter. Jupiter Topco LLC acquired a new stake in Euronet Worldwide during the 2nd quarter valued at $98,213,000. Finally, Janus Henderson Group PLC lifted its stake in shares of Euronet Worldwide by 3.6% during the 1st quarter. Janus Henderson Group PLC now owns 1,406,556 shares of the business services provider's stock worth $93,353,000 after buying an additional 48,990 shares during the last quarter. 91.60% of the stock is owned by institutional investors.

Euronet Worldwide Company Profile

Euronet Worldwide, Inc is a global provider of electronic payment and transaction-processing services. Founded in 1994 and headquartered in Leawood, Kansas, the company serves financial institutions, retailers, mobile network operators, businesses and consumers through operations in markets around the world.

Euronet operates through three principal business segments: electronic financial transactions, epay and money transfer. Its electronic financial transaction business provides automated teller machine (ATM) services, point-of-sale services, card outsourcing, electronic payment processing and related financial technology solutions.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.