Moneygram International, Inc. (MGI) Expected to Post Quarterly Sales of $402.93 Million
Wall Street brokerages expect Moneygram International, Inc. (NASDAQ:MGI) to announce sales of $402.93 million for the current quarter, Zacks reports. Three analysts have issued estimates for Moneygram International’s earnings, with the lowest sales estimate coming in at $401.90 million and the highest estimate coming in at $403.90 million. Moneygram International posted sales of $416.20 million during the same quarter last year, which suggests a negative year over year growth rate of 3.2%. The business is expected to report its next earnings report on Wednesday, March 21st.
On average, 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 year, analysts expect that the company will post sales of $1.67 billion per share, with estimates ranging from $1.63 billion to $1.69 billion. Zacks’ sales calculations are a mean average based on a survey of sell-side analysts that follow Moneygram International.
Several research firms have recently commented on MGI. ValuEngine lowered shares of Moneygram International from a “buy” rating to a “hold” rating in a research report on Monday, October 2nd. BidaskClub raised Moneygram International from a “strong sell” rating to a “sell” rating in a research report on Saturday, September 30th. Finally, Northland Securities reissued a “hold” rating on shares of Moneygram International in a research report on Tuesday, September 5th. Two analysts have rated the stock with a sell rating and five have assigned a hold rating to the company. Moneygram International presently has an average rating of “Hold” and a consensus target price of $16.21.
ILLEGAL ACTIVITY NOTICE: This piece was first posted by American Banking News and is the property of of American Banking News. If you are accessing this piece on another website, it was illegally stolen and republished in violation of international trademark & copyright laws. The legal version of this piece can be viewed at https://www.americanbankingnews.com/2017/11/22/moneygram-international-inc-mgi-expected-to-post-quarterly-sales-of-402-93-million.html.
Moneygram International (NASDAQ MGI) opened at $14.77 on Wednesday. The company has a quick ratio of 0.05, a current ratio of 0.05 and a debt-to-equity ratio of -2.47. Moneygram International has a 12 month low of $10.36 and a 12 month high of $17.92. The firm has a market cap of $798.29, a P/E ratio of 17.79 and a beta of 2.00.
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.
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for Moneygram International Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Moneygram International Inc. and related companies with MarketBeat.com's FREE daily email newsletter.