Euronet Worldwide (NASDAQ:EEFT) Issues Quarterly Earnings Results, Misses Estimates By $0.10 EPS

Key Points

• Euronet Worldwide reported earnings of $2.56 per share, missing the consensus estimate of $2.66 by $0.10, while revenue rose 8.9% year-over-year to $1.07 billion.
• The company's stock traded down 3.4% to $93.83 after the earnings announcement, and its market capitalization is approximately $4.06 billion.
• Analysts have mixed ratings on Euronet, with an average target price of $123.83, indicating a Moderate Buy consensus among eight analysts.

Euronet Worldwide (NASDAQ:EEFT - Get Free Report) announced its earnings results on Thursday. The business services provider reported $2.56 earnings per share for the quarter, missing the consensus estimate of $2.66 by ($0.10), Briefing.com reports. Euronet Worldwide had a net margin of 7.88% and a return on equity of 26.97%. The firm had revenue of $1.07 billion during the quarter, compared to analyst estimates of $1.08 billion. During the same period in the previous year, the firm posted $2.25 EPS. The company's revenue for the quarter was up 8.9% compared to the same quarter last year. Euronet Worldwide updated its FY 2025 guidance to 9.640-9.990 EPS.

Euronet Worldwide Trading Down 3.4%

Shares of NASDAQ EEFT traded down $3.35 on Friday, reaching $93.83. 256,910 shares of the company traded hands, compared to its average volume of 430,916. Euronet Worldwide has a fifty-two week low of $85.24 and a fifty-two week high of $114.25. The company has a 50 day moving average of $104.85 and a 200 day moving average of $102.48. The company has a current ratio of 1.60, a quick ratio of 1.60 and a debt-to-equity ratio of 1.46. The stock has a market capitalization of $4.06 billion, a PE ratio of 13.94, a P/E/G ratio of 0.73 and a beta of 1.23.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the stock. Geneos Wealth Management Inc. grew its holdings in shares of Euronet Worldwide by 48.4% during the 1st quarter. Geneos Wealth Management Inc. now owns 334 shares of the business services provider's stock worth $36,000 after purchasing an additional 109 shares during the period. Focus Partners Wealth purchased a new stake in shares of Euronet Worldwide during the 1st quarter worth about $202,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its holdings in shares of Euronet Worldwide by 4.3% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 121,475 shares of the business services provider's stock worth $12,980,000 after purchasing an additional 5,009 shares during the period. Finally, Goldman Sachs Group Inc. grew its holdings in shares of Euronet Worldwide by 17.0% during the 1st quarter. Goldman Sachs Group Inc. now owns 628,384 shares of the business services provider's stock worth $67,143,000 after purchasing an additional 91,348 shares during the period. Institutional investors and hedge funds own 91.60% of the company's stock.

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on the stock. Needham & Company LLC cut their target price on shares of Euronet Worldwide from $130.00 to $120.00 and set a "buy" rating for the company in a research note on Friday, April 25th. Keefe, Bruyette & Woods cut their target price on shares of Euronet Worldwide from $112.00 to $110.00 and set a "market perform" rating for the company in a research note on Friday, April 25th. William Blair reissued an "outperform" rating on shares of Euronet Worldwide in a research note on Thursday, April 24th. Finally, Oppenheimer boosted their target price on shares of Euronet Worldwide from $135.00 to $137.00 and gave the company an "outperform" rating in a research note on Wednesday, July 2nd. Three research analysts have rated the stock with a hold rating, five have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average price target of $123.83.

About Euronet Worldwide

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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