Moneygram International (MGI) Releases Quarterly Earnings Results, Beats Expectations By $0.02 EPS

Moneygram International (NASDAQ:MGI) announced its earnings results on Monday. The financial services provider reported $0.01 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.01) by $0.02, MarketWatch Earnings reports. Moneygram International had a negative net margin of 4.24% and a negative return on equity of 10.35%. Moneygram International updated its FY 2019 guidance to EPS.

MGI opened at $2.57 on Tuesday. The stock has a market cap of $126.80 million, a P/E ratio of 2.92 and a beta of 1.66. Moneygram International has a twelve month low of $1.59 and a twelve month high of $11.82.

Several analysts have recently issued reports on the stock. ValuEngine upgraded shares of Moneygram International from a “sell” rating to a “hold” rating in a research report on Wednesday, January 2nd. Barclays assumed coverage on shares of Moneygram International in a research report on Wednesday, November 14th. They issued an “underweight” rating and a $2.00 target price on the stock. Finally, Evercore ISI lowered shares of Moneygram International from an “in-line” rating to an “underperform” rating in a research report on Friday, November 9th. Three research analysts have rated the stock with a sell rating and three have given a hold rating to the company. The stock has a consensus rating of “Hold” and a consensus price target of $5.08.

A number of institutional investors and hedge funds have recently bought and sold shares of MGI. SG Americas Securities LLC boosted its position in Moneygram International by 77.2% during the fourth quarter. SG Americas Securities LLC now owns 22,816 shares of the financial services provider’s stock worth $46,000 after acquiring an additional 9,942 shares during the last quarter. Group One Trading L.P. boosted its position in Moneygram International by 886.0% during the fourth quarter. Group One Trading L.P. now owns 27,609 shares of the financial services provider’s stock worth $55,000 after acquiring an additional 24,809 shares during the last quarter. Rhumbline Advisers boosted its position in Moneygram International by 43.4% during the fourth quarter. Rhumbline Advisers now owns 44,422 shares of the financial services provider’s stock worth $89,000 after acquiring an additional 13,437 shares during the last quarter. Meeder Asset Management Inc. boosted its position in Moneygram International by 3,829.6% during the fourth quarter. Meeder Asset Management Inc. now owns 46,605 shares of the financial services provider’s stock worth $94,000 after acquiring an additional 45,419 shares during the last quarter. Finally, Dynamic Technology Lab Private Ltd acquired a new position in Moneygram International during the third quarter worth about $187,000. Hedge funds and other institutional investors own 84.48% of the company’s stock.

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About Moneygram International

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.

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Earnings History for Moneygram International (NASDAQ:MGI)

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