Wall Street brokerages forecast that Moneygram International Inc (NASDAQ:MGI) will announce earnings per share of $0.15 for the current quarter, according to Zacks Investment Research. Zero analysts have provided estimates for Moneygram International’s earnings. The highest EPS estimate is $0.17 and the lowest is $0.13. Moneygram International reported earnings per share of $0.27 during the same quarter last year, which indicates a negative year over year growth rate of 44.4%. The company is scheduled to report its next earnings report on Thursday, November 1st.

On average, analysts expect that Moneygram International will report full-year earnings of $0.69 per share for the current year, with EPS estimates ranging from $0.65 to $0.74. For the next financial year, analysts expect that the firm will report earnings of $0.66 per share, with EPS estimates ranging from $0.58 to $0.74. Zacks’ earnings per share calculations are a mean average based on a survey of sell-side research analysts that follow Moneygram International.

Moneygram International (NASDAQ:MGI) last posted its earnings results on Friday, August 3rd. The financial services provider reported $0.21 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.15 by $0.06. The company had revenue of $374.60 million during the quarter, compared to analyst estimates of $387.37 million. Moneygram International had a negative net margin of 2.27% and a negative return on equity of 8.32%. Moneygram International’s revenue for the quarter was down 8.6% on a year-over-year basis. During the same period in the prior year, the business posted $0.27 earnings per share.

A number of analysts have recently weighed in on the stock. BidaskClub lowered shares of Moneygram International from a “sell” rating to a “strong sell” rating in a report on Wednesday. Morgan Stanley dropped their target price on shares of Moneygram International from $7.00 to $6.50 and set an “equal weight” rating for the company in a report on Monday, August 6th. Finally, Zacks Investment Research upgraded shares of Moneygram International from a “hold” rating to a “buy” rating and set a $6.75 target price for the company in a report on Friday, August 10th. Three equities research analysts have rated the stock with a sell rating, one has given a hold rating and one has given a buy rating to the company. Moneygram International currently has a consensus rating of “Hold” and a consensus price target of $6.63.

Several institutional investors have recently bought and sold shares of MGI. Clearline Capital LP purchased a new stake in Moneygram International in the first quarter worth about $153,000. Cambria Investment Management L.P. purchased a new stake in Moneygram International in the first quarter worth about $156,000. Citigroup Inc. lifted its holdings in Moneygram International by 7,783.5% in the first quarter. Citigroup Inc. now owns 19,630 shares of the financial services provider’s stock worth $169,000 after buying an additional 19,381 shares during the period. Element Capital Management LLC purchased a new stake in Moneygram International in the first quarter worth about $187,000. Finally, Martingale Asset Management L P purchased a new stake in Moneygram International in the second quarter worth about $203,000. Institutional investors own 86.07% of the company’s stock.

Shares of Moneygram International stock traded up $0.01 during trading on Wednesday, reaching $5.68. 2,752 shares of the stock were exchanged, compared to its average volume of 341,183. The company has a current ratio of 0.05, a quick ratio of 0.05 and a debt-to-equity ratio of -2.15. The firm has a market cap of $314.73 million, a P/E ratio of 6.45 and a beta of 1.93. Moneygram International has a 1 year low of $5.56 and a 1 year high of $16.27.

Moneygram International Company Profile

MoneyGram International, Inc, together with its subsidiaries, provides 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.

See Also: Earnings Per Share (EPS)

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