Wall Street analysts forecast that Moneygram International Inc (NASDAQ:MGI) will report $0.26 earnings per share (EPS) for the current quarter, according to Zacks Investment Research. Three analysts have issued estimates for Moneygram International’s earnings, with the lowest EPS estimate coming in at $0.22 and the highest estimate coming in at $0.29. Moneygram International reported earnings per share of $0.20 in the same quarter last year, which indicates a positive year over year growth rate of 30%. The business is scheduled to issue its next quarterly earnings results on Wednesday, March 21st.

According to Zacks, analysts expect that Moneygram International will report full year earnings of $1.02 per share for the current financial year, with EPS estimates ranging from $0.99 to $1.04. For the next fiscal year, analysts expect that the company will report earnings of $1.11 per share, with EPS estimates ranging from $1.08 to $1.14. Zacks Investment Research’s earnings per share averages are an average based on a survey of research analysts that that provide coverage for Moneygram International.

MGI has been the topic of a number of analyst reports. BidaskClub lowered Moneygram International from a “hold” rating to a “sell” rating in a research note on Saturday, October 21st. JPMorgan Chase & Co. lowered Moneygram International from a “neutral” rating to an “underweight” rating in a research note on Tuesday, December 12th. Northland Securities reiterated a “hold” rating on shares of Moneygram International in a research note on Tuesday, September 5th. Finally, ValuEngine upgraded Moneygram International from a “hold” rating to a “buy” rating in a research note on Saturday, December 9th. Three analysts have rated the stock with a sell rating, four have assigned a hold rating and one has assigned a buy rating to the company. The stock has an average rating of “Hold” and an average target price of $16.21.

Moneygram International (MGI) traded up $0.15 during trading hours on Tuesday, hitting $13.20. The company had a trading volume of 175,000 shares, compared to its average volume of 638,756. The company has a debt-to-equity ratio of -2.47, a quick ratio of 0.05 and a current ratio of 0.05. Moneygram International has a 12 month low of $11.26 and a 12 month high of $17.92. The company has a market cap of $715.85, a price-to-earnings ratio of 29.33 and a beta of 1.91.

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Cornerstone Capital Management Holdings LLC. increased its stake in Moneygram International by 134.7% in the 3rd quarter. Cornerstone Capital Management Holdings LLC. now owns 90,600 shares of the financial services provider’s stock worth $1,459,000 after acquiring an additional 52,000 shares during the last quarter. Westchester Capital Management LLC increased its stake in Moneygram International by 109.1% in the 3rd quarter. Westchester Capital Management LLC now owns 484,417 shares of the financial services provider’s stock worth $7,804,000 after acquiring an additional 252,801 shares during the last quarter. Cowen Inc. increased its stake in Moneygram International by 228.8% in the 3rd quarter. Cowen Inc. now owns 369,501 shares of the financial services provider’s stock worth $5,953,000 after acquiring an additional 656,301 shares during the last quarter. Sand Grove Capital Management LLP increased its stake in Moneygram International by 5.6% in the 3rd quarter. Sand Grove Capital Management LLP now owns 1,194,122 shares of the financial services provider’s stock worth $19,273,000 after acquiring an additional 63,618 shares during the last quarter. Finally, KBC Group NV bought a new position in Moneygram International in the 3rd quarter worth about $922,000. Institutional investors and hedge funds own 91.12% of the company’s stock.

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About Moneygram International

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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