Moneygram International Inc (MGI) reported quarterly earnings results on Friday, Apr-29-2016. The company reported $0.17 EPS for the quarter. Analysts had a consensus estimate of $0.17. The company posted revenue of $358.40 million in the period, compared to analysts expectations of $354.72 million. The company’s revenue was up 8.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.11 EPS.
Moneygram International Inc opened for trading at $6.34 and hit $6.5 on the upside on Wednesday, eventually ending the session at $6.45, with a gain of 1.42% or 0.09 points. The heightened volatility saw the trading volume jump to 68,771 shares. Company has a market cap of $349 M.
In a different news, on Mar 11, 2016, Peggy Vaughan (director) purchased 8,284 shares at $6.04 per share price. According to the SEC, on Feb 25, 2016, W Bruce Turner (director) purchased 14,675 shares at $5.03 per share price. On Feb 24, 2016, Coley Clark (director) purchased 5,000 shares at $5.42 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.