Euronet Worldwide (NASDAQ:EEFT) Shares Gap Down – Time to Sell?
by Michael Walen · The Markets DailyEuronet Worldwide, Inc. (NASDAQ:EEFT – Get Free Report) gapped down before the market opened on Friday . The stock had previously closed at $79.38, but opened at $74.46. Euronet Worldwide shares last traded at $73.9140, with a volume of 17,402 shares changing hands.
Wall Street Analyst Weigh In
EEFT has been the topic of several recent research reports. Weiss Ratings downgraded Euronet Worldwide from a “hold (c-)” rating to a “sell (d+)” rating in a report on Thursday, April 2nd. Monness Crespi & Hardt downgraded Euronet Worldwide from a “buy” rating to a “neutral” rating in a report on Monday, January 5th. DA Davidson cut their target price on Euronet Worldwide from $112.00 to $102.00 and set a “buy” rating on the stock in a report on Tuesday, April 14th. Wolfe Research reaffirmed an “underperform” rating and set a $80.00 target price on shares of Euronet Worldwide in a report on Thursday, January 8th. Finally, Keefe, Bruyette & Woods cut their target price on Euronet Worldwide from $85.00 to $75.00 and set a “market perform” rating on the stock in a report on Friday, February 13th. Three research analysts have rated the stock with a Buy rating, two have issued a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $94.00.
Get Our Latest Stock Analysis on EEFT
Euronet Worldwide Stock Performance
The company has a 50-day moving average price of $70.30 and a two-hundred day moving average price of $74.05. The company has a current ratio of 1.11, a quick ratio of 1.11 and a debt-to-equity ratio of 0.78. The stock has a market capitalization of $2.84 billion, a P/E ratio of 10.77, a price-to-earnings-growth ratio of 0.63 and a beta of 0.82.
Euronet Worldwide (NASDAQ:EEFT – Get Free Report) last posted its quarterly earnings data on Thursday, February 12th. The business services provider reported $2.39 earnings per share for the quarter, missing the consensus estimate of $2.48 by ($0.09). Euronet Worldwide had a return on equity of 27.22% and a net margin of 7.33%.The business had revenue of $1.11 billion during the quarter, compared to the consensus estimate of $1.11 billion. During the same period last year, the business posted $2.08 earnings per share. The business’s revenue was up 5.9% on a year-over-year basis. Euronet Worldwide has set its FY 2026 guidance at 10.570-11.050 EPS. On average, equities analysts forecast that Euronet Worldwide, Inc. will post 9.72 earnings per share for the current year.
Institutional Inflows and Outflows
Several hedge funds have recently made changes to their positions in the business. Johnson Financial Group Inc. bought a new stake in Euronet Worldwide in the 3rd quarter valued at about $26,000. Danske Bank A S bought a new stake in Euronet Worldwide in the 3rd quarter valued at about $26,000. First Horizon Corp bought a new stake in Euronet Worldwide in the 3rd quarter valued at about $36,000. Geneos Wealth Management Inc. increased its position in Euronet Worldwide by 48.4% in the 1st quarter. Geneos Wealth Management Inc. now owns 334 shares of the business services provider’s stock valued at $36,000 after buying an additional 109 shares in the last quarter. Finally, Abich Financial Wealth Management LLC bought a new stake in Euronet Worldwide in the 3rd quarter valued at about $37,000. 91.60% of the stock is owned by institutional investors.
About Euronet Worldwide
Euronet Worldwide, Inc is a global financial technology company specializing in electronic payment services and transaction processing. Through its three primary business segments—Electronic Funds Transfer (EFT) Network Services, epay® Prepaid and Payment Services, and Money Transfer—Euronet provides end-to-end solutions that enable secure, efficient and convenient payments for consumers, financial institutions and retailers worldwide.
In its EFT Network Services arm, Euronet operates one of the world’s largest ATM and point-of-sale (POS) terminal networks, offering deployment, management and connectivity services.