Moneygram International Inc (MGI) Expected to Post Earnings of $0.26 Per Share

Equities analysts expect Moneygram International Inc (NASDAQ:MGI) to post earnings of $0.26 per share for the current quarter, according to Zacks. Three analysts have made estimates for Moneygram International’s earnings. The lowest EPS estimate is $0.22 and the highest is $0.29. Moneygram International reported earnings of $0.20 per share during the same quarter last year, which would indicate a positive year over year growth rate of 30%. The firm is expected to report its next earnings report 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 financial year, with EPS estimates ranging from $0.99 to $1.04. For the next year, analysts expect that the firm will post earnings of $1.13 per share, with EPS estimates ranging from $1.08 to $1.18. Zacks Investment Research’s earnings per share averages are a mean average based on a survey of sell-side analysts that cover Moneygram International.

MGI has been the topic of several research analyst reports. ValuEngine upgraded Moneygram International from a “hold” rating to a “buy” rating in a research report on Saturday, December 9th. Zacks Investment Research downgraded Moneygram International from a “buy” rating to a “hold” rating in a research note on Tuesday, January 2nd. JPMorgan Chase & Co. downgraded Moneygram International from a “neutral” rating to an “underweight” rating in a research note on Tuesday, December 12th. Finally, BidaskClub raised Moneygram International from a “strong sell” rating to a “sell” rating in a research note on Saturday, November 11th. Three investment analysts have rated the stock with a sell rating, three have assigned a hold rating and one has assigned a buy rating to the company. Moneygram International currently has a consensus rating of “Hold” and a consensus price target of $17.70.

Shares of Moneygram International (MGI) opened at $11.59 on Wednesday. Moneygram International has a 52-week low of $9.92 and a 52-week high of $17.92. The company has a debt-to-equity ratio of -2.47, a quick ratio of 0.05 and a current ratio of 0.05. The company has a market capitalization of $628.54, a PE ratio of 25.76 and a beta of 1.79.

A number of hedge funds have recently bought and sold shares of the stock. Teacher Retirement System of Texas purchased a new stake in shares of Moneygram International in the fourth quarter worth approximately $133,000. Victory Capital Management Inc. purchased a new stake in shares of Moneygram International in the third quarter worth approximately $145,000. Landscape Capital Management L.L.C. purchased a new stake in shares of Moneygram International in the fourth quarter worth approximately $166,000. MetLife Investment Advisors LLC purchased a new stake in shares of Moneygram International in the fourth quarter worth approximately $194,000. Finally, Tokio Marine Asset Management Co. Ltd. purchased a new stake in shares of Moneygram International in the fourth quarter worth approximately $250,000. 88.79% of the stock is currently owned by institutional investors and hedge funds.

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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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