Equities analysts forecast that Moneygram International Inc (NASDAQ:MGI) will announce $0.17 earnings per share (EPS) for the current fiscal quarter, according to Zacks. Three analysts have provided estimates for Moneygram International’s earnings. The lowest EPS estimate is $0.16 and the highest is $0.17. Moneygram International posted earnings per share of $0.15 in the same quarter last year, which indicates a positive year-over-year growth rate of 13.3%. The company is expected to announce its next earnings report on Friday, August 4th.
On average, analysts expect that Moneygram International will report full year earnings of $0.77 per share for the current year, with EPS estimates ranging from $0.66 to $0.88. For the next fiscal year, analysts expect that the firm will report earnings of $1.08 per share. Zacks’ EPS calculations are a mean average based on a survey of research firms that that provide coverage for Moneygram International.
Moneygram International (NASDAQ:MGI) last released its quarterly earnings data on Thursday, May 4th. The financial services provider reported $0.26 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.21 by $0.05. The firm had revenue of $386.10 million during the quarter, compared to analysts’ expectations of $387.92 million. Moneygram International had a negative return on equity of 11.22% and a net margin of 0.78%. The business’s revenue for the quarter was down .3% on a year-over-year basis. During the same quarter last year, the firm earned $0.17 earnings per share.
MGI has been the subject of a number of research analyst reports. William Blair lowered shares of Moneygram International from an “outperform” rating to a “market perform” rating in a research note on Thursday, January 26th. Zacks Investment Research lowered shares of Moneygram International from a “buy” rating to a “hold” rating in a research note on Tuesday. Feltl & Co. lowered shares of Moneygram International from a “buy” rating to a “hold” rating and set a $13.25 target price for the company. in a research note on Monday, January 30th. Finally, First Analysis lowered shares of Moneygram International from an “overweight” rating to an “equal weight” rating in a research note on Thursday, January 26th. One research analyst has rated the stock with a sell rating and six have assigned a hold rating to the company. Moneygram International currently has a consensus rating of “Hold” and a consensus price target of $11.81.
Moneygram International (NASDAQ:MGI) traded down 0.12% during mid-day trading on Monday, reaching $16.93. The company had a trading volume of 883,908 shares. Moneygram International has a 12 month low of $5.82 and a 12 month high of $17.92. The firm’s 50-day moving average price is $17.17 and its 200-day moving average price is $13.53. The stock has a market cap of $914.85 million, a PE ratio of 38.48 and a beta of 2.02.
Several institutional investors have recently bought and sold shares of the company. Bank of America Corp DE increased its position in Moneygram International by 34.1% in the first quarter. Bank of America Corp DE now owns 7,918 shares of the financial services provider’s stock worth $133,000 after buying an additional 2,015 shares in the last quarter. Teton Advisors Inc. acquired a new position in Moneygram International during the first quarter worth approximately $168,000. Boothbay Fund Management LLC acquired a new position in Moneygram International during the fourth quarter worth approximately $129,000. Engineers Gate Manager LP acquired a new position in Moneygram International during the first quarter worth approximately $192,000. Finally, Havens Advisors LLC acquired a new position in Moneygram International during the first quarter worth approximately $197,000. Institutional investors own 83.86% of the company’s stock.
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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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