Euronet Worldwide (EEFT) Releases Earnings Results, Misses Expectations By $-0.25 EPS

Euronet Worldwide (EEFT) reported quarterly earnings results on Tuesday, Jul-26-2016. The company reported $0.97 earnings per share for the quarter, missing the analyst consensus estimate by $-0.25. Analysts had a consensus of $1.22. The company posted revenue of $476.90 million in the period, compared to analysts expectations of $525.33 million. The company’s revenue was up 12.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.78 EPS.

Many Wall Street Analysts have commented on Euronet Worldwide. Euronet Worldwide was Downgraded by Monness Crespi & Hardt to ” Neutral” on Jun 10, 2016.

Euronet Worldwide opened for trading at $72.47 and hit $72.88 on the upside on Wednesday, eventually ending the session at $72.78, with a gain of 1.25% or 0.9 points. The heightened volatility saw the trading volume jump to 6,92,406 shares. Company has a market cap of $3,788 M.

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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