News coverage about Moneygram International (NASDAQ:MGI) has been trending somewhat positive recently, according to Accern Sentiment. The research firm identifies negative and positive press coverage by analyzing more than twenty million news and blog sources in real-time. Accern ranks coverage of public companies on a scale of negative one to one, with scores nearest to one being the most favorable. Moneygram International earned a media sentiment score of 0.07 on Accern’s scale. Accern also assigned headlines about the financial services provider an impact score of 46.249324077335 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the next several days.
NASDAQ MGI traded down $0.30 during trading on Monday, hitting $8.32. 166,769 shares of the company’s stock were exchanged, compared to its average volume of 1,126,080. The company has a current ratio of 0.05, a quick ratio of 0.05 and a debt-to-equity ratio of -2.12. The company has a market cap of $478.07, a price-to-earnings ratio of 9.48 and a beta of 1.88. Moneygram International has a fifty-two week low of $8.31 and a fifty-two week high of $17.92.
Moneygram International (NASDAQ:MGI) last issued its earnings results on Friday, March 16th. The financial services provider reported $0.26 EPS for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.26. The firm had revenue of $408.20 million during the quarter, compared to the consensus estimate of $404.69 million. Moneygram International had a negative return on equity of 14.43% and a negative net margin of 1.86%. The business’s quarterly revenue was down 1.9% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.20 earnings per share. sell-side analysts predict that Moneygram International will post 0.87 earnings per share for the current year.
Several research analysts have commented on MGI shares. TheStreet downgraded Moneygram International from a “c” rating to a “d+” rating in a research note on Friday, March 16th. ValuEngine raised Moneygram International from a “hold” rating to a “buy” rating in a research note on Saturday, December 9th. JPMorgan Chase downgraded Moneygram International from a “neutral” rating to an “underweight” rating in a research note on Tuesday, December 12th. Finally, Zacks Investment Research downgraded Moneygram International from a “buy” rating to a “hold” rating in a research note on Tuesday, January 2nd. Three equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and one has given a buy rating to the company’s stock. Moneygram International has an average rating of “Hold” and an average price target of $17.70.
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Moneygram International Company Profile
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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