Moneygram International Inc (MGI) Releases Earnings Results, Misses Expectations By $-0.06 EPS

Moneygram International Inc (MGI) reported quarterly earnings results on Friday, Jul-29-2016. The company reported $0.15 earnings per share for the quarter, missing the analyst consensus estimate by $-0.06. Analysts had a consensus of $0.21. The company posted revenue of $383.70 million in the period, compared to analysts expectations of $389.16 million. The company’s revenue was up 6.9% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.23 EPS.

Many Wall Street Analysts have commented on Moneygram International Inc. JP Morgan Downgraded Moneygram International Inc on Jul 12, 2016 to ” Neutral”, Price Target of the shares are set at $8.

Moneygram International Inc closed down -0.1 points or -1.28% at $7.74 with 78,313 shares getting traded on Thursday. Post opening the session at $7.85, the shares hit an intraday low of $7.65 and an intraday high of $7.85 and the price fluctuated in this range throughout the day.Shares ended Thursday session in Red.

In a different news, on May 19, 2016, W Bruce Turner (director) purchased 5,944 shares at $5.89 per share price. According to the SEC, on May 10, 2016, Michael P Rafferty (director) purchased 1,000 shares at $5.90 per share price. On Mar 11, 2016, Peggy Vaughan (director) purchased 8,284 shares at $6.04 per share price, according to the Form-4 filing with the securities and exchange commission.

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.

Moneygram International Inc

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