Euronet Worldwide (NASDAQ:EEFT) Releases Earnings Results, Misses Expectations 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) released 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 return on equity of 26.62% and a net margin of 8.06%. The business had revenue of $1.07 billion for the quarter, compared to analysts' expectations of $1.08 billion. During the same quarter last year, the company posted $2.25 earnings per share. The business's quarterly revenue 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 Stock Performance

Shares of EEFT traded down $0.70 during mid-day trading on Tuesday, hitting $93.69. The stock had a trading volume of 138,584 shares, compared to its average volume of 431,443. The company has a market cap of $4.05 billion, a PE ratio of 12.87, a PEG ratio of 0.69 and a beta of 1.25. The company's fifty day simple moving average is $104.41 and its two-hundred day simple moving average is $102.46. The company has a quick ratio of 1.60, a current ratio of 1.15 and a debt-to-equity ratio of 0.74. Euronet Worldwide has a fifty-two week low of $85.24 and a fifty-two week high of $114.25.

Wall Street Analysts Forecast Growth

EEFT has been the topic of a number of research reports. Keefe, Bruyette & Woods cut their price objective on Euronet Worldwide from $112.00 to $110.00 and set a "market perform" rating on the stock in a report on Friday, April 25th. Needham & Company LLC dropped their target price on Euronet Worldwide from $130.00 to $120.00 and set a "buy" rating on the stock in a report on Friday, April 25th. Oppenheimer raised their price objective on Euronet Worldwide from $135.00 to $137.00 and gave the company an "outperform" rating in a research note on Wednesday, July 2nd. Finally, William Blair restated an "outperform" rating on shares of Euronet Worldwide in a research note on Thursday, April 24th. Three investment analysts have rated the stock with a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, Euronet Worldwide currently has a consensus rating of "Moderate Buy" and an average target price of $123.83.

Institutional Trading of Euronet Worldwide

Hedge funds have recently made changes to their positions in the stock. Geneos Wealth Management Inc. lifted its holdings in shares of Euronet Worldwide by 48.4% in 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 last quarter. Focus Partners Wealth bought a new stake in shares of Euronet Worldwide in the 1st quarter worth approximately $202,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its holdings in shares of Euronet Worldwide by 4.3% in 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 last quarter. Finally, Goldman Sachs Group Inc. lifted its holdings in shares of Euronet Worldwide by 17.0% in 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 last quarter. Institutional investors own 91.60% of the company's stock.

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.