Wall Street brokerages expect that Moneygram International Inc (NASDAQ:MGI) will announce earnings of ($0.05) per share for the current quarter, according to Zacks Investment Research. Zero analysts have issued estimates for Moneygram International’s earnings. The highest EPS estimate is ($0.05) and the lowest is ($0.06). Moneygram International reported earnings of $0.12 per share in the same quarter last year, which indicates a negative year-over-year growth rate of 141.7%. The company is scheduled to report its next earnings results on Thursday, August 6th.

On average, analysts expect that Moneygram International will report full-year earnings of ($0.26) per share for the current financial year, with EPS estimates ranging from ($0.40) to ($0.20). For the next year, analysts expect that the business will post earnings of ($0.12) per share, with EPS estimates ranging from ($0.13) to ($0.10). Zacks’ EPS calculations are an average based on a survey of analysts that follow Moneygram International.

Moneygram International (NASDAQ:MGI) last announced its quarterly earnings results on Friday, May 1st. The financial services provider reported ($0.05) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.06) by $0.01. The business had revenue of $290.90 million during the quarter, compared to analysts’ expectations of $286.49 million.

Several equities analysts recently issued reports on MGI shares. ValuEngine raised shares of Moneygram International from a “hold” rating to a “buy” rating in a research note on Friday, June 19th. Zacks Investment Research raised shares of Moneygram International from a “hold” rating to a “buy” rating and set a $2.23 price objective on the stock in a research note on Thursday, March 5th. Northland Securities downgraded shares of Moneygram International from an “outperform” rating to a “market perform” rating and reduced their price objective for the company from $3.50 to $1.00 in a research note on Tuesday, March 24th. Finally, Barclays reduced their price objective on shares of Moneygram International from $2.00 to $1.00 and set an “underweight” rating on the stock in a research note on Monday, April 6th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and two have given a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus target price of $1.41.

Shares of NASDAQ MGI traded up $0.01 on Tuesday, hitting $3.26. The company’s stock had a trading volume of 1,913,500 shares, compared to its average volume of 2,529,938. Moneygram International has a 12-month low of $1.15 and a 12-month high of $6.70. The company has a market capitalization of $206.18 million, a price-to-earnings ratio of -3.38 and a beta of 2.57. The stock has a 50 day moving average of $2.64 and a 200-day moving average of $2.14.

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Cambridge Investment Research Advisors Inc. acquired a new position in Moneygram International during the 4th quarter worth $25,000. American International Group Inc. acquired a new position in Moneygram International during the 4th quarter worth $49,000. State Street Corp grew its holdings in Moneygram International by 7.5% during the 4th quarter. State Street Corp now owns 59,839 shares of the financial services provider’s stock worth $126,000 after acquiring an additional 4,149 shares in the last quarter. Tower Research Capital LLC TRC grew its holdings in Moneygram International by 188.4% during the 4th quarter. Tower Research Capital LLC TRC now owns 15,343 shares of the financial services provider’s stock worth $32,000 after acquiring an additional 10,023 shares in the last quarter. Finally, Cetera Advisor Networks LLC grew its holdings in Moneygram International by 55.3% during the 4th quarter. Cetera Advisor Networks LLC now owns 37,447 shares of the financial services provider’s stock worth $78,000 after acquiring an additional 13,338 shares in the last quarter. 26.28% of the stock is owned by institutional investors and hedge funds.

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.

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