Revenue Update on Euronet Worldwide(NASDAQ:EEFT)

Euronet Worldwide(NASDAQ:EEFT) announced the earnings results for Fiscal Year 2016 and Q2. The results came in during Pre-market on Jul 26, 2016. Company reported revenue of $476.90M. Analysts estimated a revenue of $470.99M. Earnings per share were $0.97. Analysts had estimated an EPS of $0.90.

In a different note, On Jun 10, 2016, Monness Crespi Hardt said it Downgrades its rating on Euronet Worldwide. The shares have been rated ‘Neutral’ by the firm.

Euronet Worldwide (EEFT) made into the market gainers list on Fridays trading session with the shares advancing 0.58% or 0.44 points. Due to strong positive momentum, the stock ended at $76.26, which is also near the day’s high of $76.98. The stock began the session at $75.74 and the volume stood at 5,34,519 shares. The 52-week high of the shares is $82.49 and the 52 week low is $52. The company has a current market capitalization of $3,969 M and it has 5,20,46,570 shares in outstanding.

Several Insider Transactions has been reported to the SEC. On Feb 22, 2016, M Jeannine Strandjord (director) purchased 2,000 shares at $66.38 per share price.Also, 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.

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