Wall Street analysts predict that Moneygram International Inc (NASDAQ:MGI) will report sales of $402.93 million for the current quarter, according to Zacks. Three analysts have made estimates for Moneygram International’s earnings. The lowest sales estimate is $401.90 million and the highest is $403.90 million. Moneygram International reported sales of $416.20 million during the same quarter last year, which indicates a negative year-over-year growth rate of 3.2%. The firm is expected to report its next quarterly earnings results on Wednesday, March 21st.

According to Zacks, analysts expect that Moneygram International will report full-year sales of $402.93 million for the current fiscal year, with estimates ranging from $1.60 billion to $1.62 billion. For the next year, analysts forecast that the firm will post sales of $1.67 billion per share, with estimates ranging from $1.63 billion to $1.69 billion. Zacks Investment Research’s sales calculations are a mean average based on a survey of research firms that follow Moneygram International.

A number of research firms have weighed in on MGI. Zacks Investment Research downgraded Moneygram International from a “buy” rating to a “hold” rating in a research report on Tuesday, January 2nd. JPMorgan Chase & Co. downgraded Moneygram International from a “neutral” rating to an “underweight” rating in a research report on Tuesday, December 12th. ValuEngine raised Moneygram International from a “hold” rating to a “buy” rating in a research report on Saturday, December 9th. Finally, BidaskClub raised Moneygram International from a “strong sell” rating to a “sell” rating in a research report on Saturday, November 11th. Three equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and one has issued a buy rating to the company. The company currently has a consensus rating of “Hold” and an average target price of $16.21.

Moneygram International (NASDAQ MGI) traded up $0.47 during midday trading on Friday, reaching $12.65. The company had a trading volume of 2,830,000 shares, compared to its average volume of 2,088,741. Moneygram International has a twelve month low of $11.26 and a twelve month high of $17.92. The company has a current ratio of 0.05, a quick ratio of 0.05 and a debt-to-equity ratio of -2.47. The company has a market cap of $686.02, a PE ratio of 15.43 and a beta of 1.92.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in MGI. Schwab Charles Investment Management Inc. boosted its holdings in shares of Moneygram International by 10.0% in the 2nd quarter. Schwab Charles Investment Management Inc. now owns 127,817 shares of the financial services provider’s stock valued at $2,205,000 after buying an additional 11,622 shares during the last quarter. BNP Paribas Arbitrage SA boosted its holdings in shares of Moneygram International by 108.8% in the 2nd quarter. BNP Paribas Arbitrage SA now owns 6,942 shares of the financial services provider’s stock valued at $120,000 after buying an additional 3,618 shares during the last quarter. Swiss National Bank boosted its holdings in shares of Moneygram International by 9.8% in the 2nd quarter. Swiss National Bank now owns 53,870 shares of the financial services provider’s stock valued at $929,000 after buying an additional 4,800 shares during the last quarter. JPMorgan Chase & Co. boosted its holdings in shares of Moneygram International by 7,472.6% in the 2nd quarter. JPMorgan Chase & Co. now owns 733,103 shares of the financial services provider’s stock valued at $12,646,000 after buying an additional 723,422 shares during the last quarter. Finally, Wells Fargo & Company MN boosted its holdings in shares of Moneygram International by 4.8% in the 2nd quarter. Wells Fargo & Company MN now owns 21,129 shares of the financial services provider’s stock valued at $365,000 after buying an additional 973 shares during the last quarter. 91.12% of the stock is owned by institutional investors.

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About Moneygram International

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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