Press coverage about Euronet Worldwide (NASDAQ:EEFT) has been trending somewhat positive on Monday, according to Accern Sentiment Analysis. Accern identifies positive and negative press coverage by monitoring more than twenty million blog and news sources. Accern ranks coverage of public companies on a scale of negative one to one, with scores closest to one being the most favorable. Euronet Worldwide earned a coverage optimism score of 0.19 on Accern’s scale. Accern also gave media coverage about the business services provider an impact score of 46.2516783158756 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the immediate future.
Here are some of the headlines that may have effected Accern Sentiment Analysis’s rankings:
- Entravision Communications Corporation (EVC) and Euronet Worldwide, Inc. (EEFT) closes with a move of 1.16% – Stocks Gallery (stocksgallery.com)
- Euronet Worldwide’s (EEFT) “Buy” Rating Reaffirmed at SunTrust Banks, Inc. (americanbankingnews.com)
- Zacks: Analysts Expect Euronet Worldwide, Inc. (EEFT) Will Post Quarterly Sales of $594.08 Million (americanbankingnews.com)
- Euronet Worldwide, Inc. (EEFT) Given Average Recommendation of “Buy” by Analysts (americanbankingnews.com)
A number of research analysts have issued reports on the company. Zacks Investment Research downgraded Euronet Worldwide from a “buy” rating to a “hold” rating in a research note on Friday, July 28th. DA Davidson assumed coverage on Euronet Worldwide in a research note on Wednesday, July 19th. They issued a “buy” rating and a $105.00 price objective for the company. Lake Street Capital assumed coverage on Euronet Worldwide in a research note on Monday, June 26th. They issued a “buy” rating and a $96.00 price objective for the company. BidaskClub upgraded Euronet Worldwide from a “buy” rating to a “strong-buy” rating in a research note on Sunday, August 6th. Finally, SunTrust Banks, Inc. restated a “buy” rating and issued a $120.00 price objective on shares of Euronet Worldwide in a research note on Friday. Six investment analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the stock. The company has an average rating of “Buy” and an average price target of $105.40.
Euronet Worldwide (NASDAQ:EEFT) opened at 97.38 on Monday. Euronet Worldwide has a 1-year low of $70.51 and a 1-year high of $99.53. The stock’s 50 day moving average price is $96.53 and its 200 day moving average price is $90.02. The company has a market cap of $5.12 billion, a P/E ratio of 31.43 and a beta of 1.34.
Euronet Worldwide (NASDAQ:EEFT) last released its quarterly earnings results on Wednesday, July 26th. The business services provider reported $1.09 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.08 by $0.01. Euronet Worldwide had a return on equity of 22.32% and a net margin of 8.23%. The business had revenue of $536.60 million during the quarter, compared to analyst estimates of $513.10 million. During the same quarter in the previous year, the company posted $0.97 earnings per share. Euronet Worldwide’s revenue for the quarter was up 12.5% on a year-over-year basis. On average, equities analysts anticipate that Euronet Worldwide will post $4.55 earnings per share for the current fiscal year.
In other Euronet Worldwide news, CFO Rick Weller sold 76,563 shares of the business’s stock in a transaction dated Thursday, August 31st. The stock was sold at an average price of $97.51, for a total transaction of $7,465,658.13. Following the completion of the sale, the chief financial officer now owns 81,221 shares of the company’s stock, valued at $7,919,859.71. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP Jeffrey B. Newman sold 3,433 shares of the business’s stock in a transaction dated Wednesday, July 19th. The shares were sold at an average price of $92.00, for a total value of $315,836.00. Following the sale, the vice president now directly owns 16,386 shares of the company’s stock, valued at approximately $1,507,512. The disclosure for this sale can be found here. Insiders have sold 306,574 shares of company stock valued at $29,668,269 in the last three months. 7.70% of the stock is currently owned by corporate insiders.
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About Euronet Worldwide
Euronet Worldwide, Inc is an electronic payments provider. The Company offers payment and transaction processing and distribution solutions to financial institutions, retailers, service providers and individual consumers. Its product offerings include automated teller machine (ATM), point-of-sale (POS), card outsourcing, card issuing and merchant acquiring services, electronic distribution of prepaid mobile airtime and other electronic payment products.
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