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Euronet Worldwide Inc. (NASDAQ:EEFT) stock has experienced a notable downturn, touching a 52-week low of $88.69. This latest price level reflects a significant retreat from better-performing times, as the company grapples with market headwinds. According to InvestingPro data, the stock appears undervalued at its current P/E ratio of 15.46, with management actively buying back shares to support shareholder value. Over the past year, Euronet Worldwide has seen its stock value decrease by 20.98%, indicating a challenging period for the electronic payment provider. Despite these challenges, the company maintains healthy revenue growth of 8.18% and shows good overall financial health. Investors are closely monitoring the company's performance, seeking signs of a turnaround that could signal a rebound from the current lows. InvestingPro subscribers have access to 8 additional key insights about EEFT's current market position and future prospects through the comprehensive Pro Research Report.
In other recent news, Euronet Worldwide reported fourth-quarter 2024 earnings that surpassed analyst expectations, with an earnings per share (EPS) of $2.08, slightly above the forecast of $2.05, and revenue of $1.05 billion, exceeding the anticipated $1.04 billion. The strong performance was driven by Euronet's Electronic Funds Transfer (EFT) segment, which benefited from an extended travel season and favorable pricing dynamics. Following the earnings announcement, Citi raised its price target for Euronet to $115, maintaining a neutral stance, while Keefe, Bruyette & Woods increased their target to $112, keeping a Market Perform rating. DA Davidson also raised their price target to $140 and reiterated a Buy rating, highlighting a 15% year-over-year growth in Non-GAAP EPS.
Analysts from Keefe, Bruyette & Woods revised their EPS estimates for 2025 and 2026 upward, reflecting confidence in the company's ability to sustain double-digit EPS growth. DA Davidson's analysts expressed optimism about Euronet's revised growth forecast for adjusted EPS in 2025, now expecting an increase of 12%-16% year-over-year. Despite some financial headwinds, such as rising interest expenses and tax rates, Citi analysts anticipate these will be offset by faster EBITDA expansion, leading to a modest increase in adjusted EPS for 2025.
Euronet's management has indicated plans to expand digital initiatives and enter new geographic markets, aiming for continued strong performance across all business segments. The company's robust fourth-quarter results and upgraded earnings forecast for 2025 have reinforced investor confidence in its growth strategy and financial health. These developments suggest a positive outlook for Euronet Worldwide as it navigates the evolving financial services landscape.
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