Equities research analysts expect Moneygram International, Inc. (NASDAQ:MGI) to post sales of $433.00 million for the current fiscal quarter, Zacks Investment Research reports. Two analysts have provided estimates for Moneygram International’s earnings. The highest sales estimate is $434.60 million and the lowest is $431.39 million. Moneygram International posted sales of $416.20 million during the same quarter last year, which would indicate a positive year-over-year growth rate of 4%. The firm is scheduled to announce its next earnings report on Wednesday, March 21st.
On average, analysts expect that Moneygram International will report full year sales of $433.00 million for the current year, with estimates ranging from $1.63 billion to $1.66 billion. For the next financial year, analysts anticipate that the business will report sales of $1.76 billion per share, with estimates ranging from $1.74 billion to $1.78 billion. Zacks Investment Research’s sales averages are an average based on a survey of research firms that cover Moneygram International.
Moneygram International (NASDAQ:MGI) last posted its quarterly earnings data on Monday, August 7th. The financial services provider reported $0.27 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.22 by $0.05. Moneygram International had a net margin of 1.86% and a negative return on equity of 14.04%. The company had revenue of $410.00 million for the quarter, compared to analyst estimates of $417.61 million. During the same period in the prior year, the company posted $0.15 EPS.
Several equities analysts recently issued reports on the stock. Northland Securities reissued a “hold” rating on shares of Moneygram International in a report on Tuesday, September 5th. BidaskClub lowered shares of Moneygram International from a “sell” rating to a “strong sell” rating in a report on Saturday. Finally, ValuEngine lowered shares of Moneygram International from a “buy” rating to a “hold” rating in a report on Monday, October 2nd. Two analysts have rated the stock with a sell rating and five have issued a hold rating to the company’s stock. Moneygram International currently has a consensus rating of “Hold” and an average target price of $16.21.
Shares of Moneygram International (NASDAQ MGI) traded down $0.84 during trading hours on Thursday, hitting $14.54. 1,076,470 shares of the stock were exchanged, compared to its average volume of 527,598. The firm has a market capitalization of $788.52, a PE ratio of 17.73 and a beta of 2.00. The company has a debt-to-equity ratio of -2.42, a current ratio of 0.04 and a quick ratio of 0.04.
A number of hedge funds and other institutional investors have recently bought and sold shares of MGI. BNP Paribas Arbitrage SA increased its holdings in Moneygram International by 108.8% in the second quarter. BNP Paribas Arbitrage SA now owns 6,942 shares of the financial services provider’s stock valued at $120,000 after buying an additional 3,618 shares in the last quarter. Bank of America Corp DE increased its holdings in Moneygram International by 34.1% in the first quarter. Bank of America Corp DE now owns 7,918 shares of the financial services provider’s stock valued at $133,000 after buying an additional 2,015 shares in the last quarter. Victory Capital Management Inc. purchased a new position in Moneygram International in the third quarter valued at $145,000. Alps Advisors Inc. purchased a new position in Moneygram International in the second quarter valued at $178,000. Finally, UBS Asset Management Americas Inc. purchased a new position in Moneygram International in the first quarter valued at $202,000. Institutional investors own 93.75% of the company’s stock.
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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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