Euronet Worldwide (NASDAQ:EEFT) Downgraded by Wall Street Zen to "Hold"

Key Points

• Euronet Worldwide's stock has been downgraded from a "buy" to a "hold" rating by Wall Street Zen, reflecting a shift in analysts' outlook.
• The company's recent earnings report revealed an EPS of $2.56, falling short of analyst expectations and showing a year-over-year revenue increase of 8.9%.
• Despite the downgrade, Euronet holds a consensus rating of "Moderate Buy" with an average target price of $122.60 among research analysts.

Euronet Worldwide (NASDAQ:EEFT - Get Free Report) was downgraded by analysts at Wall Street Zen from a "buy" rating to a "hold" rating in a research report issued on Saturday.

EEFT has been the subject of a number of other research reports. Oppenheimer cut their target price on shares of Euronet Worldwide from $134.00 to $133.00 and set an "outperform" rating for the company in a research report on Friday. Weiss Ratings reaffirmed a "hold (c)" rating on shares of Euronet Worldwide in a research report on Wednesday, October 8th. DA Davidson reaffirmed a "buy" rating and issued a $130.00 target price on shares of Euronet Worldwide in a research report on Friday, September 12th. Finally, Keefe, Bruyette & Woods cut their target price on shares of Euronet Worldwide from $110.00 to $100.00 and set a "market perform" rating for the company in a research report on Wednesday, October 1st. One research analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and two have issued a Hold rating to the company's stock. According to MarketBeat, Euronet Worldwide has an average rating of "Moderate Buy" and an average price target of $122.60.

Euronet Worldwide Price Performance

Shares of NASDAQ EEFT opened at $87.33 on Friday. Euronet Worldwide has a twelve month low of $82.18 and a twelve month high of $114.25. The firm has a market cap of $3.58 billion, a P/E ratio of 11.98, a PEG ratio of 0.69 and a beta of 1.21. The company has a 50 day moving average of $90.57 and a 200 day moving average of $98.25. The company has a quick ratio of 1.15, a current ratio of 1.15 and a debt-to-equity ratio of 0.74.

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

Institutional Investors Weigh In On Euronet Worldwide

A number of hedge funds have recently modified their holdings of EEFT. AQR Capital Management LLC grew its position in shares of Euronet Worldwide by 131.9% during the 2nd quarter. AQR Capital Management LLC now owns 1,308,267 shares of the business services provider's stock valued at $132,632,000 after acquiring an additional 744,040 shares during the period. Norges Bank bought a new stake in Euronet Worldwide during the second quarter valued at about $48,417,000. American Century Companies Inc. raised its holdings in Euronet Worldwide by 20.4% during the second quarter. American Century Companies Inc. now owns 1,342,733 shares of the business services provider's stock valued at $136,126,000 after acquiring an additional 227,597 shares during the period. Voss Capital LP raised its holdings in Euronet Worldwide by 30.9% during the first quarter. Voss Capital LP now owns 824,589 shares of the business services provider's stock valued at $88,107,000 after acquiring an additional 194,589 shares during the period. Finally, Lazard Asset Management LLC raised its holdings in Euronet Worldwide by 162.8% during the second quarter. Lazard Asset Management LLC now owns 267,754 shares of the business services provider's stock valued at $27,143,000 after acquiring an additional 165,885 shares during the period. Institutional investors 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.

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