Moneygram International Inc (MGI) announced its most recent quarterly financial results on Wednesday, Mar-15-2017. MGI reported $0.20 earnings per share for the quarter, missing the analyst consensus estimate by $-0.03. Analysts had a consensus of $0.23. The company posted revenue of $416.20 million in the period, compared to analysts expectations of $397.07 million. MGI’s revenue was up 2.9% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.23 EPS.
Based on several research reports , Moneygram International Inc was Downgraded by Feltl & Co. to ” Hold” on Jan 30, 2017. Moneygram International Inc was Downgraded by First Analysis Sec to ” Equal-Weight” on Jan 26, 2017.
Several company insiders have filed Insider transactions , on Nov 16, 2016, Andres Villareal (SVP Chief Compliance Officer) sold 4,000 shares at $9.82 per share price. According to the SEC, on Aug 5, 2016, Michael P Rafferty (director) purchased 1,500 shares at $6.44 per share price. On May 19, 2016, W Bruce Turner (director) purchased 5,944 shares at $5.89 per share price, according to the Form-4 filing with the securities and exchange commission.
Moneygram International Inc opened for trading at $15.81 and hit $16.4786 on the upside on Wednesday, eventually ending the session at $16.39, with a gain of 3.93% or 0.62 points. The heightened volatility saw the trading volume jump to 27,64,620 shares. Company has a market cap of $867 M.
MoneyGram International Inc. (MoneyGram) is a money transfer and payment services company. The Company operates through two business segments: Global Funds Transfer and Financial Paper Products. The Company’s Global Funds Transfer segment offers money transfer services and bill payment services primarily to unbanked and underbanked consumers. It utilizes point-of-sale platforms including AgentConnect DeltaWorks Delta T3 and MoneyGram Online. The bill payment service includes ExpressPayment service. The Company offers its services under the MoneyGram brand. The Company’s Financial Paper Products segment offers money orders to consumers through its retail agents and financial institutions located across the United States and Puerto Rico and provide official check outsourcing services for financial institutions across the United States.