Wall Street brokerages expect Moneygram International Inc (NASDAQ:MGI) to report earnings of $0.26 per share for the current quarter, according to Zacks Investment Research. Three analysts have made estimates for Moneygram International’s earnings, with the lowest EPS estimate coming in at $0.22 and the highest estimate coming in at $0.29. Moneygram International posted earnings of $0.20 per share in the same quarter last year, which indicates a positive year over year growth rate of 30%. The company is scheduled to announce its next quarterly earnings report on Wednesday, March 21st.
According to Zacks, analysts expect that Moneygram International will report full year earnings of $1.02 per share for the current financial year, with EPS estimates ranging from $0.99 to $1.04. For the next financial year, analysts forecast that the firm will report earnings of $1.13 per share, with EPS estimates ranging from $1.08 to $1.18. Zacks Investment Research’s EPS calculations are an average based on a survey of research firms that that provide coverage for Moneygram International.
Several equities research analysts recently issued reports on MGI shares. ValuEngine raised shares of Moneygram International from a “hold” rating to a “buy” rating in a report on Saturday, December 9th. Zacks Investment Research lowered shares of Moneygram International from a “buy” rating to a “hold” rating in a report on Tuesday, January 2nd. JPMorgan Chase & Co. lowered shares of Moneygram International from a “neutral” rating to an “underweight” rating in a report on Tuesday, December 12th. Finally, BidaskClub raised shares of Moneygram International from a “strong sell” rating to a “sell” rating in a report on Saturday, November 11th. Three analysts have rated the stock with a sell rating, three have assigned a hold rating and one has assigned a buy rating to the company. Moneygram International has an average rating of “Hold” and a consensus target price of $17.70.
A number of institutional investors and hedge funds have recently made changes to their positions in the business. MetLife Investment Advisors LLC purchased a new stake in Moneygram International during the 4th quarter valued at approximately $194,000. Millennium Management LLC purchased a new stake in Moneygram International during the 4th quarter valued at approximately $257,000. Stone Ridge Asset Management LLC purchased a new stake in Moneygram International during the 4th quarter valued at approximately $559,000. Jefferies Group LLC grew its holdings in Moneygram International by 54.2% during the 4th quarter. Jefferies Group LLC now owns 35,573 shares of the financial services provider’s stock valued at $469,000 after buying an additional 12,500 shares in the last quarter. Finally, Alliancebernstein L.P. grew its holdings in Moneygram International by 189.9% during the 4th quarter. Alliancebernstein L.P. now owns 86,402 shares of the financial services provider’s stock valued at $1,139,000 after buying an additional 56,602 shares in the last quarter. 88.79% of the stock is owned by institutional investors and hedge funds.
Moneygram International (NASDAQ MGI) traded down $0.22 during trading on Wednesday, reaching $11.37. 323,700 shares of the company traded hands, compared to its average volume of 1,686,479. The stock has a market cap of $615.53, a price-to-earnings ratio of 25.22 and a beta of 1.79. Moneygram International has a one year low of $9.92 and a one year high of $17.92. The company has a quick ratio of 0.05, a current ratio of 0.05 and a debt-to-equity ratio of -2.47.
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About Moneygram International
MoneyGram International, Inc (MoneyGram) is a global provider of money transfer services. The Company operates through two segments: Global Funds Transfer and Financial Paper Products. The Company offers its services under the MoneyGram brand. The Company’s Global Funds Transfer Segment provides money transfer services and bill payment services primarily to unbanked and underbanked consumers.
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