Euronet Worldwide, Inc. (NASDAQ:EEFT - Get Free Report) reached a new 52-week high during trading on Wednesday . The stock traded as high as $114.25 and last traded at $113.48, with a volume of 44033 shares traded. The stock had previously closed at $112.70.
Analyst Upgrades and Downgrades
Several research analysts have recently commented on the company. Keefe, Bruyette & Woods decreased their price objective on Euronet Worldwide from $112.00 to $110.00 and set a "market perform" rating on the stock in a research note on Friday, April 25th. William Blair reaffirmed an "outperform" rating on shares of Euronet Worldwide in a research note on Thursday, April 24th. Needham & Company LLC decreased their price objective on Euronet Worldwide from $130.00 to $120.00 and set a "buy" rating on the stock in a research note on Friday, April 25th. Wall Street Zen downgraded Euronet Worldwide from a "buy" rating to a "hold" rating in a research note on Saturday, February 22nd. Finally, Stephens reissued an "overweight" rating and set a $130.00 target price on shares of Euronet Worldwide in a research note on Friday, February 14th. Three equities research analysts have rated the stock with a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target of $125.57.
Check Out Our Latest Stock Report on Euronet Worldwide
Euronet Worldwide Price Performance
The firm has a market cap of $4.66 billion, a PE ratio of 16.65, a PEG ratio of 0.78 and a beta of 1.27. The firm has a fifty day simple moving average of $103.73 and a two-hundred day simple moving average of $102.58. The company has a debt-to-equity ratio of 0.92, a quick ratio of 1.26 and a current ratio of 1.25.
Euronet Worldwide (NASDAQ:EEFT - Get Free Report) last released its quarterly earnings results on Wednesday, April 23rd. The business services provider reported $1.13 earnings per share for the quarter, meeting the consensus estimate of $1.13. The business had revenue of $915.50 million during the quarter, compared to analysts' expectations of $908.93 million. Euronet Worldwide had a return on equity of 27.74% and a net margin of 7.69%. The firm's revenue for the quarter was up 6.8% compared to the same quarter last year. During the same quarter last year, the business posted $1.28 EPS. Equities analysts predict that Euronet Worldwide, Inc. will post 9.11 EPS for the current fiscal year.
Hedge Funds Weigh In On Euronet Worldwide
Institutional investors and hedge funds have recently modified their holdings of the stock. Proficio Capital Partners LLC purchased a new position in shares of Euronet Worldwide in the 4th quarter worth approximately $28,000. Elequin Capital LP purchased a new position in shares of Euronet Worldwide in the 1st quarter worth approximately $30,000. Geneos Wealth Management Inc. boosted 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 period. UMB Bank n.a. boosted its holdings in shares of Euronet Worldwide by 92.3% in the 1st quarter. UMB Bank n.a. now owns 450 shares of the business services provider's stock worth $48,000 after purchasing an additional 216 shares during the period. Finally, Covestor Ltd boosted its holdings in shares of Euronet Worldwide by 40.9% in the 4th quarter. Covestor Ltd now owns 713 shares of the business services provider's stock worth $73,000 after purchasing an additional 207 shares during the period. Hedge funds and other institutional investors own 91.60% of the company's stock.
About Euronet Worldwide
(
Get Free Report)
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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