Analysts expect Moneygram International Inc (NASDAQ:MGI) to report earnings per share (EPS) of $0.26 for the current quarter, according to Zacks Investment Research. Three analysts have issued estimates for Moneygram International’s earnings. The lowest EPS estimate is $0.22 and the highest is $0.29. Moneygram International reported earnings per share of $0.20 in the same quarter last year, which would indicate a positive year-over-year growth rate of 30%. The business 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 earnings of $1.02 per share for the current year, with EPS estimates ranging from $0.99 to $1.04. For the next fiscal year, analysts forecast that the firm will post earnings of $1.13 per share, with EPS estimates ranging from $1.08 to $1.18. Zacks’ earnings per share calculations are an average based on a survey of research analysts that cover Moneygram International.
A number of research firms recently weighed in on MGI. BidaskClub raised shares of Moneygram International from a “strong sell” rating to a “sell” rating in a report on Saturday, November 11th. JPMorgan Chase & Co. lowered shares of Moneygram International from a “neutral” rating to an “underweight” rating in a report on Tuesday, December 12th. Zacks Investment Research lowered shares of Moneygram International from a “buy” rating to a “hold” rating in a report on Tuesday, January 2nd. Finally, ValuEngine raised shares of Moneygram International from a “hold” rating to a “buy” rating in a report on Saturday, December 9th. Three equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and one has issued a buy rating to the stock. The stock presently has an average rating of “Hold” and an average price target of $17.70.
Moneygram International (NASDAQ:MGI) traded up $0.16 during trading on Wednesday, reaching $11.32. 224,056 shares of the company were exchanged, compared to its average volume of 1,852,860. The company has a quick ratio of 0.05, a current ratio of 0.05 and a debt-to-equity ratio of -2.47. The company has a market cap of $607.93, a price-to-earnings ratio of 25.16 and a beta of 1.79. Moneygram International has a twelve month low of $9.92 and a twelve month high of $17.92.
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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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