Euronet Worldwide (NASDAQ:EEFT) Earns Buy Rating from DA Davidson

Key Points

• DA Davidson has reiterated a "buy" rating for Euronet Worldwide (NASDAQ:EEFT), with a target price of $130.00, representing a potential upside of 42.72% from its current price.
• Euronet Worldwide reported quarterly earnings of $2.56 per share, missing analysts' estimates, with revenues of $1.07 billion, which is an 8.9% year-over-year increase.
• Institutional investors own 91.60% of Euronet's stock, with notable increases in holdings from Captrust Financial Advisors and Deutsche Bank AG during the fourth quarter.

Euronet Worldwide (NASDAQ:EEFT - Get Free Report)'s stock had its "buy" rating reissued by investment analysts at DA Davidson in a report issued on Friday,Benzinga reports. They currently have a $130.00 price target on the business services provider's stock. DA Davidson's price target indicates a potential upside of 43.60% from the stock's current price.

Separately, Oppenheimer upped their price target on Euronet Worldwide from $135.00 to $137.00 and gave the company an "outperform" rating in a research note on Wednesday, July 2nd. One investment analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus target price of $122.83.

Euronet Worldwide Price Performance

Shares of EEFT traded up $1.23 during trading hours on Friday, hitting $90.53. 392,053 shares of the stock were exchanged, compared to its average volume of 503,383. The company has a debt-to-equity ratio of 0.74, a quick ratio of 1.15 and a current ratio of 1.15. The stock's 50-day moving average price is $96.29 and its two-hundred day moving average price is $100.90. The company has a market cap of $3.71 billion, a price-to-earnings ratio of 12.43, a price-to-earnings-growth ratio of 0.72 and a beta of 1.25. Euronet Worldwide has a 12-month low of $85.24 and a 12-month high of $114.25.

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

Hedge Funds Weigh In On Euronet Worldwide

Hedge funds have recently bought and sold shares of the company. Allworth Financial LP lifted its stake in Euronet Worldwide by 248.7% during the 2nd quarter. Allworth Financial LP now owns 265 shares of the business services provider's stock worth $27,000 after acquiring an additional 189 shares in the last quarter. Elequin Capital LP acquired a new stake in Euronet Worldwide in the 1st quarter valued at about $30,000. Geneos Wealth Management Inc. raised its position in Euronet Worldwide by 48.4% in the 1st quarter. Geneos Wealth Management Inc. now owns 334 shares of the business services provider's stock valued at $36,000 after purchasing an additional 109 shares in the last quarter. Atwood & Palmer Inc. raised its position in Euronet Worldwide by 43.7% in the 2nd quarter. Atwood & Palmer Inc. now owns 431 shares of the business services provider's stock valued at $44,000 after purchasing an additional 131 shares in the last quarter. Finally, True Wealth Design LLC raised its position in Euronet Worldwide by 106.4% in the 2nd quarter. True Wealth Design LLC now owns 450 shares of the business services provider's stock valued at $46,000 after purchasing an additional 232 shares in the last quarter. Institutional investors and hedge funds own 91.60% of the company's stock.

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.