Headlines about Moneygram International (NASDAQ:MGI) have been trending neutral on Saturday, InfoTrie Sentiment reports. The research group identifies positive and negative press coverage by monitoring more than 6,000 news and blog sources in real-time. The firm ranks coverage of public companies on a scale of negative five to positive five, with scores closest to five being the most favorable. Moneygram International earned a daily sentiment score of 0.29 on their scale. InfoTrie also assigned press coverage about the financial services provider an news buzz score of 10 out of 10, indicating that recent press coverage is extremely likely to have an impact on the company’s share price in the next several days.
Here are some of the news headlines that may have effected Moneygram International’s score:
- MoneyGram International Inc. (MGI) CEO W. Alexander Holmes on Q3 2018 Results – Earnings Call Transcript (seekingalpha.com)
- Here’s Why MoneyGram International Stock Sunk on Friday (fool.com)
- MoneyGram (MGI) Tops Q3 Earnings Estimates, Lowers Guidance (finance.yahoo.com)
- SHAREHOLDER ALERT: Levi & Korsinsky, LLP Announces an Investigation Concerning Possible Breaches of Fiduciary Duty by the Board of Directors of MoneyGram International, Inc. (finance.yahoo.com)
- Here's Why MoneyGram International Stock Sunk on Friday (finance.yahoo.com)
A number of equities analysts have issued reports on the company. Evercore ISI cut Moneygram International from an “in-line” rating to an “underperform” rating in a report on Friday. Zacks Investment Research cut Moneygram International from a “buy” rating to a “hold” rating in a report on Monday, October 8th. BidaskClub cut Moneygram International from a “sell” rating to a “strong sell” rating in a report on Wednesday, September 26th. Finally, Morgan Stanley lowered their target price on Moneygram International from $7.00 to $6.50 and set an “equal weight” rating for the company in a report on Monday, August 6th. Four investment analysts have rated the stock with a sell rating and two have issued a hold rating to the company. Moneygram International has a consensus rating of “Sell” and a consensus price target of $6.63.
MGI stock opened at $2.27 on Friday. The stock has a market cap of $243.56 million, a price-to-earnings ratio of 2.58 and a beta of 2.02. Moneygram International has a 1 year low of $2.23 and a 1 year high of $15.05.
Moneygram International (NASDAQ:MGI) last posted its quarterly earnings data on Friday, November 9th. The financial services provider reported $0.24 EPS for the quarter, topping the Zacks’ consensus estimate of $0.16 by $0.08. Moneygram International had a negative net margin of 2.27% and a negative return on equity of 8.32%. The company had revenue of $347.20 million during the quarter, compared to the consensus estimate of $378.73 million. Moneygram International’s quarterly revenue was up 14.1% on a year-over-year basis. On average, equities analysts forecast that Moneygram International will post 0.51 earnings per share for the current year.
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About Moneygram International
MoneyGram International, Inc, together with its subsidiaries, provides money transfer services in the United States and internationally. The company operates through two segments, Global Funds Transfer and Financial Paper Products. The Global Funds Transfer segment offers money transfer services and bill payment services primarily to unbanked and underbanked consumers.
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