Moneygram International (MGI) Announces Quarterly Earnings Results

Moneygram International (NASDAQ:MGI) posted its earnings results on Friday, March 16th. The financial services provider reported $0.26 EPS for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.26, Briefing.com reports. Moneygram International had a negative return on equity of 14.43% and a negative net margin of 1.86%. The business had revenue of $408.20 million during the quarter, compared to the consensus estimate of $404.69 million. During the same quarter last year, the company earned $0.20 EPS. Moneygram International’s revenue was down 1.9% on a year-over-year basis.

Shares of Moneygram International stock traded down $0.37 during trading on Friday, reaching $8.26. The stock had a trading volume of 690,374 shares, compared to its average volume of 523,398. The firm has a market cap of $458.11, a price-to-earnings ratio of 9.60 and a beta of 1.87. Moneygram International has a 52 week low of $8.01 and a 52 week high of $17.92. The company has a debt-to-equity ratio of -2.12, a current ratio of 0.05 and a quick ratio of 0.05.

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Several equities research analysts have recently commented on the company. ValuEngine cut Moneygram International from a “buy” rating to a “hold” rating in a research note on Monday, April 2nd. JPMorgan Chase cut Moneygram International from a “neutral” rating to an “underweight” rating in a research note on Tuesday, December 12th. Zacks Investment Research cut Moneygram International from a “buy” rating to a “hold” rating in a research note on Tuesday, January 2nd. Finally, TheStreet cut Moneygram International from a “c” rating to a “d+” rating in a research note on Friday, March 16th. Three research analysts have rated the stock with a sell rating and four have issued a hold rating to the company. The company has an average rating of “Hold” and a consensus target price of $17.70.

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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.

Earnings History for Moneygram International (NASDAQ:MGI)

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