Wall Street brokerages expect MoneyGram International, Inc. (NASDAQ:MGI – Get Rating) to announce sales of $316.30 million for the current quarter, according to Zacks. Two analysts have made estimates for MoneyGram International’s earnings. The highest sales estimate is $320.00 million and the lowest is $312.60 million. MoneyGram International posted sales of $310.10 million during the same quarter last year, which indicates a positive year-over-year growth rate of 2%. The firm is expected to issue its next earnings report on Monday, January 1st.
According to Zacks, analysts expect that MoneyGram International will report full year sales of $1.32 billion for the current financial year. For the next year, analysts expect that the business will report sales of $1.39 billion. Zacks’ sales calculations are a mean average based on a survey of analysts that cover MoneyGram International.
MoneyGram International (NASDAQ:MGI – Get Rating) last released its quarterly earnings data on Friday, February 25th. The financial services provider reported $0.19 EPS for the quarter, topping the consensus estimate of $0.12 by $0.07. The company had revenue of $324.60 million during the quarter, compared to the consensus estimate of $325.00 million. MoneyGram International had a negative return on equity of 12.14% and a negative net margin of 2.95%. During the same period last year, the company earned $0.10 EPS.
MGI stock opened at $10.13 on Friday. The business’s 50-day moving average price is $10.60 and its 200-day moving average price is $8.59. The stock has a market cap of $975.11 million, a P/E ratio of -23.02 and a beta of 1.35. MoneyGram International has a twelve month low of $5.06 and a twelve month high of $12.36.
In other MoneyGram International news, insider Adrianna E. Greenwald sold 8,825 shares of the business’s stock in a transaction that occurred on Monday, March 7th. The stock was sold at an average price of $10.67, for a total transaction of $94,162.75. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CAO Robert L. Villasenor sold 21,597 shares of the business’s stock in a transaction that occurred on Monday, March 7th. The stock was sold at an average price of $10.66, for a total value of $230,224.02. The disclosure for this sale can be found here. Company insiders own 3.60% of the company’s stock.
Several hedge funds have recently bought and sold shares of the company. Cambridge Investment Research Advisors Inc. grew its stake in MoneyGram International by 8.0% during the 4th quarter. Cambridge Investment Research Advisors Inc. now owns 18,963 shares of the financial services provider’s stock valued at $150,000 after purchasing an additional 1,400 shares in the last quarter. The Manufacturers Life Insurance Company increased its position in shares of MoneyGram International by 5.3% during the 3rd quarter. The Manufacturers Life Insurance Company now owns 46,697 shares of the financial services provider’s stock valued at $375,000 after purchasing an additional 2,338 shares during the period. Mercer Global Advisors Inc. ADV increased its position in shares of MoneyGram International by 11.9% during the 4th quarter. Mercer Global Advisors Inc. ADV now owns 23,525 shares of the financial services provider’s stock valued at $186,000 after purchasing an additional 2,500 shares during the period. Los Angeles Capital Management LLC increased its position in shares of MoneyGram International by 3.4% during the 4th quarter. Los Angeles Capital Management LLC now owns 95,956 shares of the financial services provider’s stock valued at $757,000 after purchasing an additional 3,150 shares during the period. Finally, First Washington CORP grew its holdings in shares of MoneyGram International by 0.8% in the 3rd quarter. First Washington CORP now owns 418,465 shares of the financial services provider’s stock worth $3,356,000 after acquiring an additional 3,465 shares during the last quarter. Institutional investors and hedge funds own 75.38% of the company’s stock.
About MoneyGram International (Get Rating)
MoneyGram International, Inc, together with its subsidiaries, provides cross-border peer-to-peer payments and 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 through third-party agents, including retail chains, independent retailers, post offices, banks, and other financial institutions; and digital solutions, such as moneygram.com, account deposit, and kiosk-based services, as well as mobile app solutions.
Featured Stories
- Get a free copy of the StockNews.com research report on MoneyGram International (MGI)
- MarketBeat: Week in Review 4/25 – 4/29
- Apple’s Numbers Complete Trifecta
- Rogers Communication Stock Should Be Launching Higher
- O’Reilly Automotive Hits A Pothole
- Iridium Communications Stock is Ready to Return to Orbit
Get a free copy of the Zacks research report on MoneyGram International (MGI)
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for MoneyGram International Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for MoneyGram International and related companies with MarketBeat.com's FREE daily email newsletter.
