Solas Capital Management Acquires Stake in Euronet Worldwide
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Mar 16 2026
0mins
Source: Yahoo Finance
- New Investment Disclosure: On February 17, 2026, Solas Capital Management disclosed a new position in Euronet Worldwide by acquiring 73,494 shares valued at $5.59 million at quarter-end, reflecting confidence in the company's growth potential despite recent stock performance.
- Ownership Analysis: This investment represents 3.17% of Solas Capital Management's reportable AUM in its 13F filing, indicating a strategic diversification approach, even as Euronet's stock has declined by 30% over the past year.
- Company Performance Overview: Euronet Worldwide reported $4.24 billion in revenue for 2025, a 6% year-over-year increase, with net income reaching $309 million, showcasing robust fundamentals despite stock underperformance in the competitive payments processing sector.
- Future Growth Expectations: Management anticipates adjusted earnings per share to grow by 10% to 15% in 2026, aligning with trends in digital money transfers and international payment expansions, which may attract further investor interest in the company.
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Analyst Views on EEFT
Wall Street analysts forecast EEFT stock price to rise
7 Analyst Rating
4 Buy
2 Hold
1 Sell
Moderate Buy
Current: 78.170
Low
80.00
Averages
96.80
High
110.00
Current: 78.170
Low
80.00
Averages
96.80
High
110.00
About EEFT
Euronet Worldwide, Inc. is a financial technology solutions and payments provider. Its Electronic Funds Transfer (EFT) segment meets the needs of financial institutions and consumers through Euronet-owned and outsourced Automated Teller Machines (ATMs) and Point-of-Sale (POS) terminals combined with value added and transaction processing services. EFT offers a suite of integrated electronic financial transaction software solutions for electronic payment and transaction delivery systems. Its epay segment provides retail payment solutions and delivers connections between the digital content of the brands and consumers. Its Money Transfer segment provides global money transfers and currency exchange information in retail stores, apps, and websites through Ria Money Transfer, Xe and the Dandelion cross-border real-time payments network. Its Money Transfer segment offers real-time, cross-border payments to consumers and businesses across 207 countries and territories.
About the author

Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
- Stock Analysis Recommendation: BetterInvesting Magazine has designated Deckers Outdoor Corp. as its 'Stock to Study' in the September 2026 issue, aimed at providing educational and informational support to investors for making informed investment decisions.
- Undervalued Stock Selection: Euronet Inc. has been named as the 'Undervalued Stock', indicating that the company may be undervalued in the market, thus attracting investor interest in its potential investment value.
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- Stock Analysis Recommendation: BetterInvesting Magazine has selected Deckers Outdoor Corp. as its 'Stock to Study' in the September 2026 issue, highlighting its significance in investor education aimed at helping investors make informed decisions.
- Undervalued Stock Selection: Euronet Inc. has been named as the 'Undervalued Stock', indicating that its current market price does not reflect its potential value, which may attract investors looking for value investment opportunities.
- Educational Resources Offered: BetterInvesting provides various free resources, including investment strategies and a six-step guide to successful investing, aimed at enhancing investors' knowledge and improving their decision-making capabilities in the stock market.
- Non-Profit Organization Mission: As a non-profit investment education organization established in 1951, BetterInvesting has empowered over 5 million individuals to improve their financial futures by offering unbiased, in-depth investing education and powerful online stock analysis tools, emphasizing its crucial role in investor education.
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- Shareholder Exit: Villere St Denis J & Co LLC sold all 244,878 shares of Euronet Worldwide in Q1 2026, resulting in an $18.64 million decline in the fund's position value, reflecting the combined impact of share sales and market price changes.
- Asset Allocation Shift: This transaction fully eliminated Euronet Worldwide from Villere St Denis's 13F assets, which previously accounted for 1.9%, indicating a potential loss of confidence in the company's future prospects and possibly affecting future investment decisions.
- Performance Overview: As of April 29, 2026, Euronet Worldwide shares were priced at $75.33, down 25.4% over the past year, significantly underperforming the S&P 500 by 53.69 percentage points, raising concerns about its growth trajectory.
- Business Complexity: Euronet Worldwide operates in electronic funds transfer, prepaid distribution, and money transfer, where its scale and technology assets support its market position; however, profitability across different business lines is sensitive to regional demand and compliance costs, increasing investor risk.
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- Full Liquidation: Villere St Denis J & Co LLC sold all 244,878 shares of Euronet Worldwide in Q1, with an estimated transaction value of $17.53 million, marking a complete exit from a position that previously accounted for 1.9% of the fund's assets under management.
- Declining Asset Value: The fund's quarter-end position value decreased by $18.64 million due to both sale activity and price movements, reflecting a waning confidence in Euronet and potentially impacting future investment strategies.
- Poor Market Performance: As of April 29, 2026, Euronet Worldwide shares were priced at $75.33, down 25.4% over the past year, significantly underperforming the S&P 500 by 53.69 percentage points, indicating a decline in competitive strength.
- Business Complexity: Euronet Worldwide operates as a global payments infrastructure provider with a diversified business model, including electronic funds transfers and prepaid product distribution; however, its profitability is sensitive to regional demand and compliance costs, necessitating careful evaluation by investors regarding future performance.
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- Strong Financial Performance: Euronet reported $1 billion in revenue, $72 million in operating income, $126 million in adjusted EBITDA, and adjusted EPS of $1.58 for Q1 2026, demonstrating a solid financial foundation amid a fluid operating environment.
- Digital Business Growth: The company experienced a 35% increase in Ria digital transactions and a 42% rise in new digital customers, alongside the addition of approximately 2,300 new merchants, indicating significant progress in its digital transformation and enhancing market competitiveness.
- Acquisition and Expansion: Euronet announced the acquisition of PaynoPain to strengthen its position in Spain, providing a comprehensive suite of omnichannel payment solutions, which is expected to drive future revenue growth.
- Shareholder Return Strategy: The company repurchased $100 million of its shares in Q1, with an estimated impact of about $0.02 per share, reflecting its commitment to shareholder returns while maintaining confidence in future growth.
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- Digital Revenue Surge: Euronet's Q1 digital revenue grew by 42% year-over-year, with transaction volume increasing by 35%, reflecting strong consumer demand and indicating significant progress towards the company's digital payment strategy.
- Merchant Expansion: The addition of 2,300 new merchants in the quarter highlights the strong perceived value of Euronet's merchant services, further solidifying its competitive position in the payments processing market.
- Shareholder Returns: The company repurchased $100 million of common stock during the quarter, demonstrating a robust capital return strategy to shareholders while reflecting confidence in future growth prospects.
- Financial Performance: Total revenue reached $1.0118 billion in Q1, an 11% increase, and although operating income saw a slight decline, adjusted earnings per share rose by 40%, showcasing ongoing improvements in profitability.
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