Zacks: Brokerages Anticipate MoneyGram International, Inc. (NASDAQ:MGI) to Post $0.11 Earnings Per Share

Analysts expect MoneyGram International, Inc. (NASDAQ:MGIGet Rating) to announce earnings of $0.11 per share for the current fiscal quarter, according to Zacks Investment Research. Two analysts have issued estimates for MoneyGram International’s earnings, with the highest EPS estimate coming in at $0.12 and the lowest estimate coming in at $0.10. MoneyGram International posted earnings per share of ($0.06) in the same quarter last year, which indicates a positive year over year growth rate of 283.3%. The company is expected to announce its next earnings results on Monday, January 1st.

On average, analysts expect that MoneyGram International will report full year earnings of $0.56 per share for the current year, with EPS estimates ranging from $0.47 to $0.64. For the next financial year, analysts forecast that the business will post earnings of $0.79 per share. Zacks’ earnings per share averages are a mean average based on a survey of sell-side research analysts that cover MoneyGram International.

MoneyGram International (NASDAQ:MGIGet Rating) last issued its earnings results on Friday, February 25th. The financial services provider reported $0.19 EPS for the quarter, beating the consensus estimate of $0.12 by $0.07. The company had revenue of $324.60 million during the quarter, compared to analysts’ expectations of $325.00 million. MoneyGram International had a negative net margin of 2.95% and a negative return on equity of 12.14%. During the same quarter in the previous year, the company posted $0.10 EPS.

Several analysts have commented on the stock. TheStreet upgraded shares of MoneyGram International from a “d+” rating to a “c” rating in a research report on Friday, January 21st. Northland Securities lowered shares of MoneyGram International from an “outperform” rating to a “market perform” rating in a report on Tuesday, March 22nd. William Blair reissued a “market perform” rating on shares of MoneyGram International in a report on Monday, March 7th. Finally, StockNews.com began coverage on shares of MoneyGram International in a report on Thursday, March 31st. They issued a “sell” rating for the company. Two investment analysts have rated the stock with a sell rating and four have assigned a hold rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $7.92.

Shares of MoneyGram International stock opened at $10.13 on Thursday. The firm has a fifty day moving average of $10.60 and a two-hundred day moving average of $8.60. The stock has a market capitalization of $975.11 million, a price-to-earnings ratio of -23.02 and a beta of 1.35. MoneyGram International has a 52 week low of $5.06 and a 52 week high of $12.36.

In related news, insider Adrianna E. Greenwald sold 8,825 shares of the company’s stock in a transaction on Monday, March 7th. The shares were sold at an average price of $10.67, for a total value of $94,162.75. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CAO Robert L. Villasenor sold 21,597 shares of the company’s stock in a transaction on Monday, March 7th. The stock was sold at an average price of $10.66, for a total transaction of $230,224.02. The disclosure for this sale can be found here. 3.60% of the stock is currently owned by corporate insiders.

A number of large investors have recently modified their holdings of MGI. Park West Asset Management LLC lifted its position in MoneyGram International by 511.1% during the 3rd quarter. Park West Asset Management LLC now owns 2,750,000 shares of the financial services provider’s stock worth $22,055,000 after buying an additional 2,300,000 shares in the last quarter. Eagle Asset Management Inc. bought a new stake in MoneyGram International during the 4th quarter worth about $17,065,000. Goldman Sachs Group Inc. lifted its position in MoneyGram International by 246.6% during the 4th quarter. Goldman Sachs Group Inc. now owns 2,505,799 shares of the financial services provider’s stock worth $19,771,000 after buying an additional 1,782,817 shares in the last quarter. Archon Capital Management LLC lifted its position in MoneyGram International by 81.7% during the 4th quarter. Archon Capital Management LLC now owns 3,218,677 shares of the financial services provider’s stock worth $25,395,000 after buying an additional 1,447,465 shares in the last quarter. Finally, D. E. Shaw & Co. Inc. bought a new stake in MoneyGram International during the 4th quarter worth about $8,176,000. 75.38% of the stock is currently owned by hedge funds and other institutional investors.

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.

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