Moneygram International, Inc. (NASDAQ:MGI) Posts Quarterly Earnings Results, Beats Expectations By $0.05 EPS
Moneygram International, Inc. (NASDAQ:MGI) released its quarterly earnings data on Monday. The financial services provider reported $0.27 earnings per share for the quarter, beating the consensus estimate of $0.22 by $0.05, Bloomberg Earnings reports. Moneygram International had a negative return on equity of 12.41% and a net margin of 1.87%. The firm had revenue of $410 million during the quarter, compared to the consensus estimate of $417.61 million. During the same period in the previous year, the company posted $0.15 earnings per share.
Shares of Moneygram International (NASDAQ MGI) traded up 0.13% on Tuesday, reaching $15.69. The company’s stock had a trading volume of 631,035 shares. Moneygram International has a 1-year low of $5.83 and a 1-year high of $17.92. The stock has a 50-day moving average price of $16.96 and a 200-day moving average price of $15.76. The company has a market capitalization of $847.84 million, a price-to-earnings ratio of 35.66 and a beta of 1.92.
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MGI has been the topic of a number of research analyst reports. Feltl & Co. lowered Moneygram International from a “hold” rating to a “sell” rating in a research note on Monday, April 17th. Zacks Investment Research downgraded Moneygram International from a “buy” rating to a “hold” rating in a report on Tuesday, May 16th. ValuEngine raised Moneygram International from a “hold” rating to a “buy” rating in a report on Friday, June 2nd. Morgan Stanley reaffirmed an “equal weight” rating and set a $18.00 target price (up previously from $15.00) on shares of Moneygram International in a report on Monday, June 19th. Finally, Northland Securities reaffirmed a “hold” rating and set a $17.39 target price on shares of Moneygram International in a report on Friday, June 30th. Two equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and one has given a buy rating to the company’s stock. Moneygram International has a consensus rating of “Hold” and an average target price of $14.93.
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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