Northland Capmk Equities Analysts Cut Earnings Estimates for Euronet Worldwide, Inc. (NASDAQ:EEFT)

Euronet Worldwide, Inc. (NASDAQ:EEFT) – Research analysts at Northland Capmk lowered their Q3 2024 earnings per share (EPS) estimates for Euronet Worldwide in a note issued to investors on Thursday, September 12th. Northland Capmk analyst M. Grondahl now expects that the business services provider will post earnings per share of $2.78 for the quarter, down from their prior forecast of $2.85. The consensus estimate for Euronet Worldwide’s current full-year earnings is $7.88 per share. Northland Capmk also issued estimates for Euronet Worldwide’s Q3 2025 earnings at $3.11 EPS and FY2025 earnings at $8.66 EPS.

Euronet Worldwide (NASDAQ:EEFT) last issued its earnings results on Thursday, July 18th. The business services provider reported $2.25 earnings per share for the quarter, topping analysts’ consensus estimates of $2.04 by $0.21. The business had revenue of $986.20 million during the quarter, compared to the consensus estimate of $1.09 billion. Euronet Worldwide had a return on equity of 27.81% and a net margin of 7.46%. The firm’s revenue for the quarter was up 5.0% on a year-over-year basis. During the same period in the previous year, the company posted $1.84 earnings per share.

A number of other brokerages also recently weighed in on EEFT. Needham & Company LLC reiterated a “buy” rating and issued a $125.00 target price on shares of Euronet Worldwide in a report on Wednesday, September 4th. Citigroup boosted their price objective on Euronet Worldwide from $120.00 to $135.00 and gave the company a “buy” rating in a report on Tuesday, May 28th. StockNews.com downgraded Euronet Worldwide from a “buy” rating to a “hold” rating in a report on Friday, August 9th. Finally, Monness Crespi & Hardt boosted their price objective on Euronet Worldwide from $140.00 to $145.00 and gave the company a “neutral” rating in a report on Monday, July 22nd. Four research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $124.11.

Euronet Worldwide Trading Up 2.1 %

Shares of EEFT stock opened at $98.98 on Friday. The company has a market cap of $4.54 billion, a P/E ratio of 17.43 and a beta of 1.46. The stock has a 50 day simple moving average of $101.50 and a two-hundred day simple moving average of $106.39. The company has a debt-to-equity ratio of 0.85, a quick ratio of 1.19 and a current ratio of 1.19. Euronet Worldwide has a fifty-two week low of $73.84 and a fifty-two week high of $117.66.

Insiders Place Their Bets

In other news, Director Thomas A. Mcdonnell bought 3,206 shares of the stock in a transaction on Monday, August 5th. The shares were purchased at an average cost of $93.86 per share, for a total transaction of $300,915.16. Following the completion of the purchase, the director now directly owns 90,000 shares in the company, valued at approximately $8,447,400. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In related news, CEO Juan Bianchi sold 4,000 shares of the business’s stock in a transaction on Thursday, September 5th. The stock was sold at an average price of $102.58, for a total transaction of $410,320.00. Following the sale, the chief executive officer now directly owns 12,440 shares in the company, valued at approximately $1,276,095.20. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Thomas A. Mcdonnell acquired 3,206 shares of the firm’s stock in a transaction that occurred on Monday, August 5th. The shares were bought at an average price of $93.86 per share, for a total transaction of $300,915.16. Following the completion of the purchase, the director now owns 90,000 shares in the company, valued at approximately $8,447,400. The disclosure for this purchase can be found here. Insiders own 10.50% of the company’s stock.

Institutional Trading of Euronet Worldwide

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Kodai Capital Management LP bought a new position in Euronet Worldwide in the 4th quarter worth about $23,728,000. Granahan Investment Management LLC boosted its holdings in Euronet Worldwide by 8.0% during the 4th quarter. Granahan Investment Management LLC now owns 221,061 shares of the business services provider’s stock valued at $22,435,000 after acquiring an additional 16,358 shares during the period. Clearbridge Investments LLC boosted its holdings in Euronet Worldwide by 4.5% during the 1st quarter. Clearbridge Investments LLC now owns 567,058 shares of the business services provider’s stock valued at $62,337,000 after acquiring an additional 24,566 shares during the period. LSV Asset Management purchased a new stake in Euronet Worldwide during the 1st quarter valued at about $1,638,000. Finally, Ellsworth Advisors LLC purchased a new stake in Euronet Worldwide during the 2nd quarter valued at about $514,000. 91.60% of the stock is currently owned by institutional investors.

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. 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.