Euronet Worldwide (EEFT) is Downgraded by Monness Crespi & Hardt to Neutral

Euronet Worldwide (EEFT) was Downgraded by Monness Crespi & Hardt to ” Neutral”. Earlier the firm had a rating of “Buy ” on the company shares. Monness Crespi & Hardt advised their investors in a research report released on Jun 10, 2016.

On the company’s financial health, Euronet Worldwide reported $1.04 EPS for the quarter, beating the analyst consensus estimate by $ 0.09 according to the earnings call on Oct 21, 2015. Analyst had a consensus of $0.95. The company had revenue of $481.40 million for the quarter, compared to analysts expectations of $479.12 million. The company’s revenue was up 6.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.80 EPS.

Euronet Worldwide closed down -0.5 points or -0.62% at $80.68 with 3,64,907 shares getting traded on Thursday. Post opening the session at $80.82, the shares hit an intraday low of $79.86 and an intraday high of $81.02 and the price fluctuated in this range throughout the day.Shares ended Thursday session in Red.

In a different news, on Feb 22, 2016, M Jeannine Strandjord (director) purchased 2,000 shares at $66.38 per share price. According to the SEC, on Dec 18, 2015, Nikos Fountas (CEO EFT EMEA Division) sold 256 shares at $74.39 per share price. On Nov 18, 2015, Kevin J Caponecchi (CEO, epay and APAC Division) sold 68,030 shares at $77.22 per share price, according to the Form-4 filing with the securities and exchange commission.

Euronet Worldwide Inc. (Euronet) is an electronic payments provider. The Company offers payment and transaction processing and distribution solutions to financial institutions retailers service providers and individual consumers. The Company operates in three segments: The EFT Processing Segment which provides electronic payment solutions consisting of ATM cash withdrawal and deposit services ATM network participation outsourced ATM and POS management solutions credit and debit card outsourcing and card issuing and merchant acquiring services; The epay Segment which provides electronic distribution and processing of prepaid mobile airtime and other electronic payment products and collection services for various payment products cards and services and the Money Transfer Segment which provides global consumer-to-consumer money transfer services under the brand names Ria and AFEX Money Express and global account-to-account money transfer services under the brand name HiFX.

Euronet Worldwide

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