MoneyGram International (NASDAQ:MGI) Issues Quarterly Earnings Results

MoneyGram International (NASDAQ:MGI) announced its quarterly earnings results on Sunday. The financial services provider reported $0.12 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.05 by $0.07, MarketWatch Earnings reports. MoneyGram International had a negative net margin of 2.23% and a negative return on equity of 1.48%.

Shares of MoneyGram International stock traded down $1.12 during trading on Tuesday, hitting $7.26. The company’s stock had a trading volume of 6,073,845 shares, compared to its average volume of 4,324,998. MoneyGram International has a 52 week low of $1.15 and a 52 week high of $11.70. The stock has a market cap of $526.48 million, a price-to-earnings ratio of -18.74 and a beta of 1.95. The stock has a 50-day moving average price of $7.85 and a two-hundred day moving average price of $5.49.

MGI has been the subject of several research analyst reports. Barclays reiterated a “sell” rating and set a $1.00 price target on shares of MoneyGram International in a report on Tuesday, December 22nd. Northland Securities upgraded shares of MoneyGram International from a “market perform” rating to an “outperform” rating and set a $9.50 price target for the company in a report on Monday, January 11th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and one has given a buy rating to the company’s stock. MoneyGram International currently has a consensus rating of “Hold” and an average target price of $4.50.

MoneyGram International Company Profile

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 primarily to unbanked and underbanked consumers through third-party agents, including retail chains, independent retailers, post offices, and other financial institutions; and digital solutions, such as moneygram.com, mobile solutions, digital partners, wallets, and account deposit services.

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Earnings History for MoneyGram International (NASDAQ:MGI)

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