Euronet Worldwide (NASDAQ:EEFT) Price Target Cut to $100.00 by Analysts at Keefe, Bruyette & Woods

Key Points

• Keefe, Bruyette & Woods has cut the price target for Euronet Worldwide from $110.00 to $100.00, maintaining a "market perform" rating.
• The company reported $2.56 earnings per share for the last quarter, which was below analysts' expectations of $2.66.
• Institutional and hedge fund investors hold 91.60% of Euronet Worldwide's stock, indicating strong institutional interest in the company.

Euronet Worldwide (NASDAQ:EEFT - Get Free Report) had its price target cut by Keefe, Bruyette & Woods from $110.00 to $100.00 in a report issued on Wednesday,Benzinga reports. The firm currently has a "market perform" rating on the business services provider's stock. Keefe, Bruyette & Woods' price target would suggest a potential upside of 13.52% from the company's current price.

Several other research firms have also recently commented on EEFT. Oppenheimer raised their target price on Euronet Worldwide from $135.00 to $137.00 and gave the stock an "outperform" rating in a research note on Wednesday, July 2nd. DA Davidson reaffirmed a "buy" rating and set a $130.00 price objective on shares of Euronet Worldwide in a research report on Friday, September 12th. One analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat.com, Euronet Worldwide has a consensus rating of "Moderate Buy" and a consensus target price of $121.17.

Euronet Worldwide Trading Up 0.3%

NASDAQ EEFT traded up $0.28 during mid-day trading on Wednesday, reaching $88.09. 190,160 shares of the stock were exchanged, compared to its average volume of 524,772. Euronet Worldwide has a one year low of $85.24 and a one year high of $114.25. The stock has a 50 day simple moving average of $93.50 and a 200-day simple moving average of $100.12. The stock has a market cap of $3.61 billion, a P/E ratio of 12.09, a P/E/G ratio of 0.71 and a beta of 1.25. The company has a debt-to-equity ratio of 0.74, a current ratio of 1.15 and a quick ratio of 1.15.

Euronet Worldwide (NASDAQ:EEFT - Get Free Report) last issued its quarterly earnings results on Thursday, July 31st. The business services provider reported $2.56 earnings per share 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 business had revenue of $1.07 billion for the quarter, compared to analyst estimates of $1.08 billion. During the same quarter in the previous year, the business posted $2.25 earnings per share. The business's revenue was up 8.9% on a year-over-year basis. Euronet Worldwide has set its FY 2025 guidance at 9.640-9.990 EPS. On average, analysts anticipate that Euronet Worldwide will post 9.11 EPS for the current year.

Hedge Funds Weigh In On Euronet Worldwide

Hedge funds have recently added to or reduced their stakes in the stock. Allworth Financial LP boosted its position in shares of Euronet Worldwide by 248.7% during the second quarter. Allworth Financial LP now owns 265 shares of the business services provider's stock valued at $27,000 after buying an additional 189 shares during the last quarter. Elequin Capital LP bought a new stake in shares of Euronet Worldwide in the 1st quarter worth $30,000. Geneos Wealth Management Inc. grew its stake 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 acquiring an additional 109 shares in the last quarter. Atwood & Palmer Inc. grew its stake in shares of Euronet Worldwide by 43.7% in the 2nd quarter. Atwood & Palmer Inc. now owns 431 shares of the business services provider's stock worth $44,000 after acquiring an additional 131 shares in the last quarter. Finally, True Wealth Design LLC grew its stake in shares of Euronet Worldwide by 106.4% in the 2nd quarter. True Wealth Design LLC now owns 450 shares of the business services provider's stock worth $46,000 after acquiring 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.

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