Euronet Worldwide (NASDAQ:EEFT) Hits New 1-Year Low - Here's Why

Key Points

• Euronet Worldwide shares fell to a new 52-week low of $62.32, significantly below their 50-day and 200-day moving averages near $71.
• Analyst sentiment is mixed: the stock has a consensus rating of “Hold” and an average price target of $94, despite several “Buy” ratings and one “Underperform” rating.
• The company’s latest quarterly earnings missed estimates, with EPS of $2.82 versus the expected $2.93, although revenue increased 3.2% year over year and institutional investors own 91.6% of the stock.

Shares of Euronet Worldwide, Inc. (NASDAQ:EEFT - Get Free Report) reached a new 52-week low on Thursday. The stock traded as low as $62.32 and last traded at $62.3690, with a volume of 108346 shares. The stock had previously closed at $62.87.

Wall Street Analyst Weigh In

A number of analysts have issued reports on EEFT shares. DA Davidson reaffirmed a "buy" rating and issued a $102.00 price objective on shares of Euronet Worldwide in a research note on Friday, July 10th. Needham & Company LLC upped their price target on shares of Euronet Worldwide from $85.00 to $90.00 and gave the company a "buy" rating in a report on Thursday, July 30th. Weiss Ratings lowered shares of Euronet Worldwide from a "hold (c)" rating to a "hold (c-)" rating in a research report on Tuesday, August 11th. Finally, Wolfe Research decreased their price objective on shares of Euronet Worldwide from $75.00 to $70.00 and set an "underperform" rating for the company in a research note on Tuesday, August 25th. Three research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the company's stock. Based on data from MarketBeat.com, the company has a consensus rating of "Hold" and an average price target of $94.00.

Euronet Worldwide Price Performance

The company has a debt-to-equity ratio of 1.47, a quick ratio of 1.37 and a current ratio of 1.37. The firm has a fifty day simple moving average of $71.15 and a 200 day simple moving average of $70.89. The company has a market capitalization of $2.41 billion, a PE ratio of 9.95, a P/E/G ratio of 0.51 and a beta of 0.83.

Euronet Worldwide (NASDAQ:EEFT - Get Free Report) last released its quarterly earnings data on Thursday, July 30th. The business services provider reported $2.82 earnings per share for the quarter, missing analysts' consensus estimates of $2.93 by ($0.11). Euronet Worldwide had a return on equity of 28.60% and a net margin of 6.63%.During the same quarter in the previous year, the business earned $2.56 earnings per share. The firm's quarterly revenue was up 3.2% compared to the same quarter last year. Equities analysts anticipate that Euronet Worldwide, Inc. will post 9.55 EPS for the current year.

Hedge Funds Weigh In On Euronet Worldwide

A number of large investors have recently added to or reduced their stakes in the company. Sequoia Financial Advisors LLC raised its stake in shares of Euronet Worldwide by 16.7% during the 2nd quarter. Sequoia Financial Advisors LLC now owns 7,216 shares of the business services provider's stock worth $528,000 after acquiring an additional 1,035 shares in the last quarter. Engineers Gate Manager LP purchased a new position in Euronet Worldwide in the 2nd quarter worth $2,277,000. Integrated Wealth Concepts LLC purchased a new position in shares of Euronet Worldwide in the second quarter worth about $75,000. Squarepoint Ops LLC purchased a new position in Euronet Worldwide during the 2nd quarter worth approximately $250,000. Finally, Allworth Financial LP raised its holdings in shares of Euronet Worldwide by 98.0% during the second quarter. Allworth Financial LP now owns 584 shares of the business services provider's stock worth $43,000 after purchasing an additional 289 shares during the last quarter. 91.60% of the stock is currently owned by institutional investors.

Euronet Worldwide Company Profile

Euronet Worldwide, Inc NASDAQ: EEFT is a global electronic payments and transaction processing company. Headquartered in Leawood, Kansas, the company provides payment and financial technology services to financial institutions, retailers, mobile operators, money transfer providers and consumers.

Euronet operates through three principal business areas: electronic funds transfer processing, epay and money transfer. Its electronic funds transfer services include automated teller machine and point-of-sale processing, electronic payment solutions, outsourced transaction processing and related network services.

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