Somewhat Favorable Press Coverage Somewhat Unlikely to Impact Euronet Worldwide (EEFT) Stock Price
Media stories about Euronet Worldwide (NASDAQ:EEFT) have been trending somewhat positive on Saturday, Accern reports. The research firm ranks the sentiment of media coverage by monitoring more than 20 million news and blog sources in real time. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores nearest to one being the most favorable. Euronet Worldwide earned a media sentiment score of 0.20 on Accern’s scale. Accern also gave news coverage about the business services provider an impact score of 46.1929902270302 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the next several days.
EEFT has been the topic of a number of recent analyst reports. BidaskClub upgraded Euronet Worldwide from a “buy” rating to a “strong-buy” rating in a research report on Sunday, August 6th. Lake Street Capital initiated coverage on Euronet Worldwide in a research report on Monday, June 26th. They issued a “buy” rating and a $96.00 price objective on the stock. Zacks Investment Research upgraded Euronet Worldwide from a “hold” rating to a “buy” rating and set a $102.00 price objective on the stock in a research report on Monday, July 17th. Finally, DA Davidson initiated coverage on Euronet Worldwide in a research report on Wednesday, July 19th. They issued a “buy” rating and a $105.00 price objective on the stock. One equities research analyst has rated the stock with a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the stock. Euronet Worldwide has an average rating of “Buy” and a consensus target price of $100.20.
Shares of Euronet Worldwide (NASDAQ EEFT) opened at 97.09 on Friday. The company has a market capitalization of $5.10 billion, a price-to-earnings ratio of 31.34 and a beta of 1.36. The stock has a 50 day moving average price of $96.14 and a 200-day moving average price of $88.13. Euronet Worldwide has a 12 month low of $70.51 and a 12 month high of $98.55.
Euronet Worldwide (NASDAQ:EEFT) last issued its quarterly earnings results on Wednesday, July 26th. The business services provider reported $1.09 earnings per share for the quarter, topping the 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 firm had revenue of $536.60 million for the quarter, compared to the consensus estimate of $513.10 million. During the same period in the prior year, the business posted $0.97 earnings per share. The company’s revenue for the quarter was up 12.5% on a year-over-year basis. Analysts expect that Euronet Worldwide will post $4.55 earnings per share for the current fiscal year.
In other news, CEO Juan Bianchi sold 18,126 shares of the stock in a transaction that occurred on Wednesday, June 14th. The stock was sold at an average price of $88.01, for a total value of $1,595,269.26. Following the sale, the chief executive officer now directly owns 9,534 shares in the company, valued at $839,087.34. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, VP Jeffrey B. Newman sold 3,433 shares of the stock in a transaction that occurred on Wednesday, July 19th. The stock was sold at an average price of $92.00, for a total value of $315,836.00. Following the completion of the sale, the vice president now owns 16,386 shares in the company, valued at $1,507,512. The disclosure for this sale can be found here. Over the last quarter, insiders sold 265,186 shares of company stock worth $25,454,608. Company insiders own 7.70% of the company’s stock.
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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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