Somewhat Positive Media Coverage Somewhat Unlikely to Impact Euronet Worldwide (EEFT) Stock Price
Media coverage about Euronet Worldwide (NASDAQ:EEFT) has trended somewhat positive recently, according to Accern Sentiment Analysis. Accern identifies negative and positive news coverage by analyzing more than twenty million news and blog sources in real time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Euronet Worldwide earned a news impact score of 0.17 on Accern’s scale. Accern also gave media headlines about the business services provider an impact score of 45.9107183195202 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the stock’s share price in the next few days.
These are some of the media headlines that may have impacted Accern’s analysis:
- Euronet Worldwide, Inc. (EEFT) Expected to Announce Earnings of $0.73 Per Share (americanbankingnews.com)
- 2 Stocks I'd Never Touch (finance.yahoo.com)
- What’s Happening With These Business Services Stocks? — Euronet Worldwide, First Data, Global Payments, and Interpace Diagnostics (bizjournals.com)
- California Public Employees Retirement System Raises Position in Euronet Worldwide, Inc. (EEFT) (americanbankingnews.com)
- First Trust Advisors LP Has $7.38 Million Stake in Euronet Worldwide, Inc. (EEFT) (americanbankingnews.com)
EEFT has been the topic of several recent research reports. BidaskClub lowered shares of Euronet Worldwide from a “sell” rating to a “strong sell” rating in a report on Wednesday, December 27th. Zacks Investment Research lowered shares of Euronet Worldwide from a “hold” rating to a “sell” rating in a report on Monday, December 25th. William Blair lowered shares of Euronet Worldwide from an “outperform” rating to a “market perform” rating in a report on Monday, December 18th. Goldman Sachs Group initiated coverage on shares of Euronet Worldwide in a report on Thursday, December 14th. They set a “buy” rating and a $110.00 target price on the stock. Finally, DA Davidson increased their target price on shares of Euronet Worldwide to $118.00 and gave the company a “buy” rating in a report on Thursday, February 1st. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and seven have assigned a buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $111.71.
Euronet Worldwide (NASDAQ:EEFT) last announced its quarterly earnings results on Wednesday, February 7th. The business services provider reported $1.13 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.12 by $0.01. The business had revenue of $604.60 million during the quarter, compared to analysts’ expectations of $609.53 million. Euronet Worldwide had a net margin of 6.97% and a return on equity of 21.76%. The firm’s revenue for the quarter was up 16.3% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.99 EPS. equities research analysts expect that Euronet Worldwide will post 5 earnings per share for the current fiscal year.
In other Euronet Worldwide news, CEO Nikos Fountas sold 296 shares of the stock in a transaction on Thursday, December 14th. The shares were sold at an average price of $92.00, for a total transaction of $27,232.00. Following the completion of the sale, the chief executive officer now owns 550 shares of the company’s stock, valued at approximately $50,600. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CEO Michael J. Brown sold 20,000 shares of the stock in a transaction on Thursday, February 1st. The shares were sold at an average price of $91.22, for a total transaction of $1,824,400.00. Following the sale, the chief executive officer now directly owns 1,522,348 shares of the company’s stock, valued at approximately $138,868,584.56. The disclosure for this sale can be found here. Insiders have sold a total of 108,297 shares of company stock valued at $9,408,404 in the last three months. 7.70% of the stock is currently owned by corporate 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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