Equities analysts expect Moneygram International Inc (NASDAQ:MGI) to announce $384.60 million in sales for the current quarter, Zacks Investment Research reports. Two analysts have issued estimates for Moneygram International’s earnings. The lowest sales estimate is $374.20 million and the highest is $395.00 million. Moneygram International reported sales of $386.10 million in the same quarter last year, which indicates a negative year-over-year growth rate of 0.4%. The firm is scheduled to announce its next quarterly earnings report on Thursday, May 3rd.

According to Zacks, analysts expect that Moneygram International will report full year sales of $384.60 million for the current fiscal year, with estimates ranging from $1.60 billion to $1.69 billion. For the next year, analysts forecast that the company will report sales of $1.76 billion per share, with estimates ranging from $1.73 billion to $1.78 billion. Zacks Investment Research’s sales calculations are a mean average based on a survey of analysts that that provide coverage for Moneygram International.

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Moneygram International (NASDAQ:MGI) last issued its quarterly earnings data on Friday, March 16th. The financial services provider reported $0.26 EPS for the quarter, hitting analysts’ consensus estimates of $0.26. Moneygram International had a negative net margin of 1.86% and a negative return on equity of 14.43%. The firm had revenue of $408.20 million for the quarter, compared to analyst estimates of $404.69 million. During the same quarter in the prior year, the firm earned $0.20 EPS. The company’s revenue was down 1.9% on a year-over-year basis.

A number of equities research analysts have commented on the stock. JPMorgan Chase & Co. lowered shares of Moneygram International from a “neutral” rating to an “underweight” rating in a report on Tuesday, December 12th. Zacks Investment Research lowered shares of Moneygram International from a “buy” rating to a “hold” rating in a report on Tuesday, January 2nd. ValuEngine raised shares of Moneygram International from a “hold” rating to a “buy” rating in a report on Saturday, December 9th. Finally, TheStreet lowered shares of Moneygram International from a “c” rating to a “d+” rating in a report on Friday, March 16th. Three analysts have rated the stock with a sell rating, three have given a hold rating and one has given a buy rating to the company’s stock. Moneygram International presently has a consensus rating of “Hold” and a consensus price target of $17.70.

A number of institutional investors have recently added to or reduced their stakes in the business. Schwab Charles Investment Management Inc. lifted its position in Moneygram International by 4.1% during the 4th quarter. Schwab Charles Investment Management Inc. now owns 122,532 shares of the financial services provider’s stock valued at $1,615,000 after purchasing an additional 4,836 shares during the period. Geode Capital Management LLC lifted its position in Moneygram International by 2.8% during the 4th quarter. Geode Capital Management LLC now owns 285,876 shares of the financial services provider’s stock valued at $3,767,000 after purchasing an additional 7,739 shares during the period. Victory Capital Management Inc. acquired a new position in Moneygram International during the 3rd quarter valued at about $145,000. Wells Fargo & Company MN lifted its position in Moneygram International by 29.6% during the 4th quarter. Wells Fargo & Company MN now owns 41,929 shares of the financial services provider’s stock valued at $553,000 after purchasing an additional 9,579 shares during the period. Finally, Kassirer Asset Management Corp lifted its position in Moneygram International by 32.6% during the 4th quarter. Kassirer Asset Management Corp now owns 40,700 shares of the financial services provider’s stock valued at $536,000 after purchasing an additional 10,000 shares during the period. Institutional investors own 88.35% of the company’s stock.

Shares of Moneygram International stock opened at $8.93 on Thursday. Moneygram International has a fifty-two week low of $8.81 and a fifty-two week high of $17.92. The company has a current ratio of 0.05, a quick ratio of 0.05 and a debt-to-equity ratio of -2.12. The company has a market cap of $518.56, a PE ratio of -18.22 and a beta of 1.81.

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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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