Equities analysts predict that Moneygram International Inc (NASDAQ:MGI) will announce $402.93 million in sales for the current fiscal quarter, according to Zacks. Three analysts have issued estimates for Moneygram International’s earnings. The highest sales estimate is $403.90 million and the lowest is $401.90 million. Moneygram International reported sales of $416.20 million during the same quarter last year, which would indicate a negative year over year growth rate of 3.2%. The company is expected to issue its next earnings results on Wednesday, March 21st.
According to Zacks, analysts expect that Moneygram International will report full-year sales of $402.93 million for the current financial year, with estimates ranging from $1.60 billion to $1.62 billion. For the next financial year, analysts expect that the firm will report sales of $1.67 billion per share, with estimates ranging from $1.63 billion to $1.69 billion. Zacks Investment Research’s sales averages are an average based on a survey of sell-side research analysts that cover Moneygram International.
A number of research analysts recently commented on the company. Zacks Investment Research lowered Moneygram International from a “buy” rating to a “hold” rating in a research note on Tuesday, January 2nd. JPMorgan Chase & Co. lowered Moneygram International from a “neutral” rating to an “underweight” rating in a research note on Tuesday, December 12th. ValuEngine upgraded Moneygram International from a “hold” rating to a “buy” rating in a research note on Saturday, December 9th. Finally, BidaskClub upgraded Moneygram International from a “strong sell” rating to a “sell” rating in a research note on Saturday, November 11th. Three research analysts have rated the stock with a sell rating, three have issued a hold rating and one has assigned a buy rating to the company. The company currently has an average rating of “Hold” and an average target price of $17.70.
A number of institutional investors have recently added to or reduced their stakes in the business. USA Financial Portformulas Corp raised its stake in Moneygram International by 3.9% during the second quarter. USA Financial Portformulas Corp now owns 22,769 shares of the financial services provider’s stock worth $393,000 after acquiring an additional 852 shares in the last quarter. Wells Fargo & Company MN raised its stake in Moneygram International by 4.8% during the second quarter. Wells Fargo & Company MN now owns 21,129 shares of the financial services provider’s stock worth $365,000 after acquiring an additional 973 shares in the last quarter. Voya Investment Management LLC raised its stake in Moneygram International by 20.8% during the second quarter. Voya Investment Management LLC now owns 14,878 shares of the financial services provider’s stock worth $257,000 after acquiring an additional 2,562 shares in the last quarter. New York State Common Retirement Fund raised its stake in Moneygram International by 10.8% during the second quarter. New York State Common Retirement Fund now owns 29,700 shares of the financial services provider’s stock worth $512,000 after acquiring an additional 2,899 shares in the last quarter. Finally, Swiss National Bank raised its stake in Moneygram International by 9.8% during the second quarter. Swiss National Bank now owns 53,870 shares of the financial services provider’s stock worth $929,000 after acquiring an additional 4,800 shares in the last quarter. Hedge funds and other institutional investors own 88.79% of the company’s stock.
Shares of Moneygram International (MGI) traded down $0.22 during midday trading on Friday, hitting $11.37. The company had a trading volume of 323,700 shares, compared to its average volume of 1,686,479. The company has a quick ratio of 0.05, a current ratio of 0.05 and a debt-to-equity ratio of -2.47. The firm has a market capitalization of $615.53, a price-to-earnings ratio of 25.27 and a beta of 1.79. Moneygram International has a twelve month low of $9.92 and a twelve month high of $17.92.
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Moneygram International Company Profile
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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