ValuEngine Lowers Euronet Worldwide (EEFT) to Sell

ValuEngine cut shares of Euronet Worldwide (NASDAQ:EEFT) from a hold rating to a sell rating in a research note released on Tuesday morning.

Other equities research analysts also recently issued reports about the stock. BidaskClub upgraded shares of Euronet Worldwide from a sell rating to a hold rating in a report on Saturday, March 17th. Needham & Company LLC began coverage on shares of Euronet Worldwide in a report on Thursday, May 10th. They set a buy rating and a $100.00 price target for the company. DA Davidson lowered their price target on shares of Euronet Worldwide to $108.00 and set a buy rating for the company in a report on Tuesday, April 24th. Goldman Sachs Group downgraded shares of Euronet Worldwide from a buy rating to a neutral rating and lowered their target price for the company from $101.00 to $94.00 in a report on Monday, June 11th. Finally, Zacks Investment Research downgraded shares of Euronet Worldwide from a hold rating to a sell rating in a report on Thursday, April 26th. Two equities research analysts have rated the stock with a sell rating, two have assigned a hold rating and seven have assigned a buy rating to the stock. The stock presently has an average rating of Hold and an average price target of $107.00.

Shares of Euronet Worldwide opened at $83.77 on Tuesday, according to MarketBeat. The stock has a market cap of $4.28 billion, a PE ratio of 19.41, a PEG ratio of 1.11 and a beta of 1.50. Euronet Worldwide has a 12 month low of $70.67 and a 12 month high of $101.07. The company has a quick ratio of 1.42, a current ratio of 1.42 and a debt-to-equity ratio of 0.52.

Euronet Worldwide (NASDAQ:EEFT) last issued its quarterly earnings results on Wednesday, April 25th. The business services provider reported $0.73 EPS for the quarter, hitting analysts’ consensus estimates of $0.73. The business had revenue of $550.50 million during the quarter, compared to the consensus estimate of $535.93 million. Euronet Worldwide had a net margin of 6.66% and a return on equity of 20.77%. The company’s quarterly revenue was up 16.3% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.73 earnings per share. research analysts predict that Euronet Worldwide will post 5.03 earnings per share for the current fiscal year.

In related news, CEO Kevin J. Caponecchi sold 60,889 shares of the business’s stock in a transaction that occurred on Tuesday, May 15th. The shares were sold at an average price of $82.00, for a total value of $4,992,898.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 7.70% of the stock is currently owned by insiders.

A number of institutional investors have recently added to or reduced their stakes in EEFT. Millennium Management LLC grew its holdings in Euronet Worldwide by 376.3% in the fourth quarter. Millennium Management LLC now owns 652,525 shares of the business services provider’s stock valued at $54,988,000 after purchasing an additional 515,535 shares during the period. Wells Fargo & Company MN lifted its position in Euronet Worldwide by 20.3% during the first quarter. Wells Fargo & Company MN now owns 2,699,640 shares of the business services provider’s stock valued at $213,057,000 after buying an additional 456,305 shares in the last quarter. Hood River Capital Management LLC acquired a new position in Euronet Worldwide during the first quarter valued at approximately $33,347,000. William Blair Investment Management LLC lifted its position in Euronet Worldwide by 35.7% during the fourth quarter. William Blair Investment Management LLC now owns 1,198,180 shares of the business services provider’s stock valued at $100,971,000 after buying an additional 315,396 shares in the last quarter. Finally, Point72 Asset Management L.P. acquired a new position in Euronet Worldwide during the first quarter valued at approximately $20,693,000.

Euronet Worldwide Company Profile

Euronet Worldwide, Inc provides payment and transaction processing and distribution solutions to financial institutions, retailers, service providers, and individual consumers worldwide. The company operates in three segments: Electronic Financial Transaction (EFT) Processing, epay, and Money Transfer.

To view ValuEngine’s full report, visit ValuEngine’s official website.

Analyst Recommendations for Euronet Worldwide (NASDAQ:EEFT)

Receive News & Ratings for Euronet Worldwide Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Euronet Worldwide and related companies with MarketBeat.com's FREE daily email newsletter.


Leave a Reply