Euronet Worldwide (NASDAQ:EEFT) Receiving Somewhat Favorable Press Coverage, Report Finds
Media headlines about Euronet Worldwide (NASDAQ:EEFT) have been trending somewhat positive on Saturday, according to Accern Sentiment. The research group scores the sentiment of media coverage by monitoring more than 20 million news and blog sources in real time. Accern ranks coverage of companies on a scale of negative one to one, with scores closest to one being the most favorable. Euronet Worldwide earned a news sentiment score of 0.17 on Accern’s scale. Accern also gave media stories about the business services provider an impact score of 46.1326585601379 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the near term.
Here are some of the news articles that may have effected Accern Sentiment Analysis’s rankings:
- IHS Markit Score downgrades Euronet Worldwide Inc to 25 out of 100, ranking positively in two out of three available IHS Markit categories. (finance.yahoo.com)
- Zacks: Brokerages Expect Euronet Worldwide, Inc. (NASDAQ:EEFT) Will Announce Quarterly Sales of $593.81 Million (americanbankingnews.com)
- Palo Capital Inc. Has $459000 Position in Walt Disney Company (The) (DIS) (wisdomsave.com)
- Euronet Worldwide Larger Than S&P 500 Component Helmerich & Payne (marketnewsvideo.com)
- Euronet Worldwide, Inc. (EEFT) CEO Nikos Fountas Sells 20,789 Shares (americanbankingnews.com)
Euronet Worldwide (EEFT) opened at 95.57 on Friday. The stock has a market capitalization of $5.02 billion, a PE ratio of 30.85 and a beta of 1.34. The firm has a 50-day moving average of $91.69 and a 200-day moving average of $85.21. Euronet Worldwide has a 52-week low of $70.51 and a 52-week high of $97.77.
Euronet Worldwide (NASDAQ:EEFT) last posted its earnings results on Wednesday, July 26th. The business services provider reported $1.09 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.08 by $0.01. Euronet Worldwide had a net margin of 8.23% and a return on equity of 22.32%. The business had revenue of $536.60 million for the quarter, compared to analyst estimates of $513.10 million. During the same period last year, the business posted $0.97 EPS. Euronet Worldwide’s revenue was up 12.5% compared to the same quarter last year. On average, equities analysts expect that Euronet Worldwide will post $4.55 EPS for the current year.
A number of equities analysts have weighed in on EEFT shares. BidaskClub raised shares of Euronet Worldwide from a “buy” rating to a “strong-buy” rating in a research report on Sunday, August 6th. Lake Street Capital started coverage on shares of Euronet Worldwide in a research report on Monday, June 26th. They issued a “buy” rating and a $96.00 price objective for the company. Zacks Investment Research raised shares of Euronet Worldwide from a “hold” rating to a “buy” rating and set a $102.00 price objective for the company in a research report on Monday, July 17th. Finally, DA Davidson started coverage on shares of Euronet Worldwide in a research report on Wednesday, July 19th. They issued a “buy” rating and a $105.00 price objective for the company. One equities research analyst has rated the stock with a hold rating, five have issued a buy rating and one has given a strong buy rating to the company’s stock. Euronet Worldwide has an average rating of “Buy” and an average price target of $100.20.
In related news, CEO Michael J. Brown sold 60,000 shares of the firm’s stock in a transaction on Tuesday, August 1st. The shares were sold at an average price of $96.49, for a total value of $5,789,400.00. Following the transaction, the chief executive officer now directly owns 1,605,886 shares in the company, valued at approximately $154,951,940.14. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Nikos Fountas sold 20,789 shares of the firm’s stock in a transaction on Monday, August 7th. The shares were sold at an average price of $96.72, for a total transaction of $2,010,712.08. The disclosure for this sale can be found here. Insiders sold a total of 126,883 shares of company stock worth $11,968,683 over the last quarter. 7.70% of the stock is currently owned by company insiders.
Euronet Worldwide Company Profile
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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