Euronet Worldwide's (EEFT) Hold (C) Rating Reiterated at Weiss Ratings

Key Points

• Euronet Worldwide (NASDAQ: EEFT) received a "hold (c)" rating from Weiss Ratings, indicating a cautious stance from analysts on the stock's performance.
• Despite the hold rating, DA Davidson has set a price target of $130, while Oppenheimer raised its target to $137 and maintained an "outperform" rating.
• The company reported $2.56 EPS in its latest earnings, below analyst expectations, but achieved an 8.9% year-over-year revenue increase to $1.07 billion.

Euronet Worldwide (NASDAQ:EEFT - Get Free Report)'s stock had its "hold (c)" rating restated by investment analysts at Weiss Ratings in a research note issued to investors on Wednesday,Weiss Ratings reports.

EEFT has been the subject of a number of other reports. DA Davidson restated a "buy" rating and issued a $130.00 target price on shares of Euronet Worldwide in a report on Friday, September 12th. Oppenheimer boosted their price objective 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. Finally, Keefe, Bruyette & Woods cut their target price on Euronet Worldwide from $110.00 to $100.00 and set a "market perform" rating on the stock in a research report on Wednesday, October 1st. One research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and three have given a Hold rating to the company's stock. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average price target of $121.17.

Euronet Worldwide Price Performance

EEFT stock opened at $86.53 on Wednesday. The stock has a market capitalization of $3.55 billion, a price-to-earnings ratio of 11.87, a price-to-earnings-growth ratio of 0.70 and a beta of 1.21. 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 has a 52-week low of $85.24 and a 52-week high of $114.25. The stock's fifty day simple moving average is $91.65 and its 200-day simple moving average is $99.36.

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

Institutional Trading of Euronet Worldwide

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Oak Thistle LLC increased its position in shares of Euronet Worldwide by 262.8% in the 3rd quarter. Oak Thistle LLC now owns 10,042 shares of the business services provider's stock worth $882,000 after purchasing an additional 7,274 shares during the last quarter. Corient Private Wealth LLC raised its stake in Euronet Worldwide by 20.1% during the second quarter. Corient Private Wealth LLC now owns 4,099 shares of the business services provider's stock worth $416,000 after acquiring an additional 686 shares during the period. Texas Permanent School Fund Corp lifted its holdings in Euronet Worldwide by 0.8% in the second quarter. Texas Permanent School Fund Corp now owns 26,926 shares of the business services provider's stock worth $2,730,000 after acquiring an additional 202 shares during the last quarter. Osaic Holdings Inc. boosted its stake in Euronet Worldwide by 6.7% in the second quarter. Osaic Holdings Inc. now owns 4,169 shares of the business services provider's stock valued at $423,000 after acquiring an additional 260 shares during the period. Finally, Squarepoint Ops LLC grew its holdings in shares of Euronet Worldwide by 113.1% during the second quarter. Squarepoint Ops LLC now owns 17,694 shares of the business services provider's stock valued at $1,794,000 after purchasing an additional 9,392 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.

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