MoneyGram International (NASDAQ:MGI) Releases Earnings Results, Beats Estimates By $0.07 EPS

MoneyGram International (NASDAQ:MGI) released its quarterly earnings data on Sunday. The financial services provider reported $0.12 EPS for the quarter, topping the Thomson Reuters’ 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%.

MoneyGram International stock traded down $1.13 during trading hours on Tuesday, hitting $7.25. The stock had a trading volume of 150,181 shares, compared to its average volume of 4,271,810. The stock has a market capitalization of $525.76 million, a P/E ratio of -18.74 and a beta of 1.95. MoneyGram International has a 12-month low of $1.15 and a 12-month high of $11.70. The stock’s 50-day moving average price is $7.85 and its 200-day moving average price is $5.49.

Several analysts have recently weighed in on the stock. Northland Securities upgraded shares of MoneyGram International from a “market perform” rating to an “outperform” rating and set a $9.50 price objective on the stock in a research report on Monday, January 11th. Barclays reaffirmed a “sell” rating and set a $1.00 target price on shares of MoneyGram International in a research note on Tuesday, December 22nd. One analyst has rated the stock with a sell rating, three have issued a hold rating and one has given a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus target price of $4.50.

About MoneyGram International

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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