MoneyGram International (MGI) Posts Quarterly Results
MoneyGram International (NYSE:MGI) released its earnings data on Thursday. The company reported $0.31 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.34 by $0.03, Stock Ratings Network.com reports. The company had revenue of $383.00 million for the quarter, compared to the consensus estimate of $371.34 million. During the same quarter in the previous year, the company posted $0.28 earnings per share. The company’s revenue for the quarter was up 13.1% on a year-over-year basis.
Shares of MoneyGram International (NYSE:MGI) opened at 20.41 on Thursday. MoneyGram International has a 52-week low of $11.00 and a 52-week high of $24.88. The stock’s 50-day moving average is $21.53 and its 200-day moving average is $19.59. The company’s market cap is $1.183 billion.
Several analysts have recently commented on the stock. Analysts at Compass Point upgraded shares of MoneyGram International from a “neutral” rating to a “buy” rating in a research note to investors on Friday, October 4th. They now have a $23.00 price target on the stock, up previously from $19.00. On a related note, analysts at Evercore Partners initiated coverage on shares of MoneyGram International in a research note to investors on Friday, September 20th. They set an “equal weight” rating and a $22.00 price target on the stock. Finally, analysts at Zacks upgraded shares of MoneyGram International from an “underperform” rating to a “neutral” rating in a research note to investors on Friday, September 6th. They now have a $21.00 price target on the stock. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and five have issued a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus target price of $20.72.
MoneyGram International, Inc (NYSE:MGI) is a global payment services company.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.