Zacks Research Analysts Increase Earnings Estimates for Euronet Worldwide, Inc. (NASDAQ:EEFT)

Posted by Defense World Staff on Oct 5th, 2023

Euronet Worldwide, Inc. (NASDAQ:EEFT – Free Report) – Equities researchers at Zacks Research increased their Q3 2024 EPS estimates for Euronet Worldwide in a note issued to investors on Tuesday, October 3rd. Zacks Research analyst D. Chatterjee now expects that the business services provider will post earnings of $2.83 per share for the quarter, up from their prior forecast of $2.71. The consensus estimate for Euronet Worldwide’s current full-year earnings is $6.50 per share. Zacks Research also issued estimates for Euronet Worldwide’s Q2 2025 earnings at $2.14 EPS, Q3 2025 earnings at $2.91 EPS and FY2025 earnings at $8.14 EPS.

Euronet Worldwide (NASDAQ:EEFT – Get Free Report) last released its quarterly earnings results on Tuesday, July 25th. The business services provider reported $1.84 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.81 by $0.03. The firm had revenue of $939.10 million for the quarter, compared to the consensus estimate of $922.29 million. Euronet Worldwide had a net margin of 7.77% and a return on equity of 24.92%.

EEFT has been the subject of a number of other research reports. StockNews.com assumed coverage on shares of Euronet Worldwide in a research note on Thursday, August 17th. They set a “hold” rating on the stock. Truist Financial dropped their price target on Euronet Worldwide from $155.00 to $120.00 and set a “buy” rating on the stock in a report on Thursday, July 27th. Citigroup decreased their price objective on Euronet Worldwide from $119.00 to $93.00 and set a “neutral” rating for the company in a research report on Tuesday, August 8th. Needham & Company LLC dropped their price objective on Euronet Worldwide from $125.00 to $115.00 and set a “buy” rating on the stock in a report on Wednesday, August 23rd. Finally, TheStreet lowered shares of Euronet Worldwide from a “b-” rating to a “c+” rating in a research note on Thursday, August 10th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and five have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $111.22.

Get Our Latest Research Report on Euronet Worldwide

Euronet Worldwide Stock Up 0.4 %

Shares of Euronet Worldwide stock opened at $77.38 on Wednesday. The business has a 50-day moving average price of $84.06 and a 200 day moving average price of $102.45. Euronet Worldwide has a fifty-two week low of $71.60 and a fifty-two week high of $121.55. The firm has a market cap of $3.84 billion, a P/E ratio of 14.82 and a beta of 1.29. The company has a quick ratio of 1.52, a current ratio of 1.52 and a debt-to-equity ratio of 0.95.

Institutional Investors Weigh In On Euronet Worldwide

A number of institutional investors have recently bought and sold shares of the business. Belpointe Asset Management LLC raised its position in Euronet Worldwide by 236.9% in the first quarter. Belpointe Asset Management LLC now owns 219 shares of the business services provider’s stock worth $25,000 after purchasing an additional 154 shares in the last quarter. Mitsubishi UFJ Trust & Banking Corp acquired a new position in shares of Euronet Worldwide in the 1st quarter worth approximately $28,000. Pinebridge Investments L.P. bought a new position in shares of Euronet Worldwide during the 2nd quarter worth approximately $46,000. Quadrant Capital Group LLC grew its position in Euronet Worldwide by 71.8% in the second quarter. Quadrant Capital Group LLC now owns 481 shares of the business services provider’s stock valued at $56,000 after acquiring an additional 201 shares during the period. Finally, Johnson Midwest Financial LLC acquired a new position in Euronet Worldwide during the first quarter worth $77,000. Institutional investors and hedge funds own 94.63% 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 card outsourcing, card issuing, and merchant acquiring services.