NASDAQ:MGIMoneygram International Stock Price, Forecast & News

$3.12

-0.24 (-7.14 %)

(As of 06/3/2020 04:00 PM ET)

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Today's Range

$3.10

Now: $3.12▼

$3.45

50-Day Range

$1.35

MA: $1.69▼

$2.59

52-Week Range

$1.15

Now: $3.12▼

$6.70

Volume7.83 million shs

Average Volume2.32 million shs

Market Capitalization$197.93 million

P/E RatioN/A

Dividend YieldN/A

Beta2.57

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. The Financial Paper Products segment provides money orders to consumers through its agents and financial institutions; and official check outsourcing services for financial institutions. This segment sells its money orders under the MoneyGram brand and on a private label or co-branded basis with retail and financial institution. The company also offers digital solutions, such as moneygram.com, mobile solutions, account deposit, and kiosk-based services. MoneyGram International, Inc. was founded in 1940 and is based in Dallas, Texas.

Beat the Market (BTM) Rank^™

0.9 Analyst's Opinion

Consensus Rating
Moneygram International has received a consensus rating of Hold. The company's average rating score is 1.75, and is based on no buy ratings, 3 hold ratings, and 1 sell rating.
Price Target Upside/Downside
According to analysts' consensus price target of $1.00, Moneygram International has a potential downside of 67.9% from its current price of $3.12.
Amount of Analyst Coverage
Moneygram International has only been the subject of 2 research reports in the past 90 days.

2.1 Community Rank

Outperform Votes
Moneygram International has received 381 “outperform” votes. (Add your “outperform” vote.)
Underperform Votes
Moneygram International has received 508 “underperform” votes. (Add your “underperform” vote.)
Community Sentiment
Moneygram International has received 57.14% “underperform” votes from our community.

MarketBeat's community ratings are surveys of what our community members think about Moneygram International and other stocks. Vote “Outperform” if you believe MGI will outperform the S&P 500 over the long term. Vote “Underperform” if you believe MGI will underperform the S&P 500 over the long term. You may vote once every thirty days.

0.0 Dividend Strength

Dividend Yield
Moneygram International does not currently pay a dividend.
Dividend Growth
Moneygram International does not have a long track record of dividend growth.

0.0 Company Ownership

Insider Buying vs. Insider Selling
In the past three months, Moneygram International insiders have not sold or bought any company stock.
Percentage Held by Insiders
Only 3.40% of the stock of Moneygram International is held by insiders.
Percentage Held by Institutions
Only 26.28% of the stock of Moneygram International is held by institutions.

0.6 Earnings and Valuation

Earnings Growth
Earnings for Moneygram International are expected to grow in the coming year, from ($0.34) to ($0.20) per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of Moneygram International is -3.28, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.
Price to Earnings Ratio vs. Sector
The P/E ratio of Moneygram International is -3.28, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.

Overall Beat the Market Rank^™

0.72 out of 5 stars

Industry, Sector and Symbol

Stock Exchange NASDAQ

Industry Business services, not elsewhere classified

Sub-IndustryData Processing & Outsourced Services

SectorFinance

Current SymbolNASDAQ:MGI

Previous Symbol

CUSIP60935Y20

CIK1273931

Webwww.corporate.moneygram.com

Phone214-999-7552

Debt

Debt-to-Equity RatioN/A

Current Ratio0.04

Quick Ratio0.04

Price-To-Earnings

Trailing P/E RatioN/A

Forward P/E RatioN/A

P/E GrowthN/A

Sales & Book Value

Annual Sales$1.29 billion

Price / Sales0.15

Cash Flow$2.40 per share

Price / Cash Flow1.30

Book Value($6.84) per share

Price / Book-0.46

Profitability

EPS (Most Recent Fiscal Year)($0.06)

Net Income$-60,300,000.00

Net Margins-5.41%

Return on EquityN/A

Return on Assets-0.09%

Miscellaneous

Employees2,252

Outstanding Shares63,439,000

Market Cap$197.93 million

Next Earnings Date8/6/2020 (Estimated)

OptionableOptionable

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Moneygram International (NASDAQ:MGI) Frequently Asked Questions

How has Moneygram International's stock been impacted by COVID-19 (Coronavirus)?

Moneygram International's stock was trading at $1.84 on March 11th, 2020 when Coronavirus (COVID-19) reached pandemic status according to the World Health Organization. Since then, MGI stock has increased by 69.6% and is now trading at $3.12. View which stocks have been most impacted by Coronavirus.

Do Wall Street analysts recommend investors buy shares of Moneygram International?

4 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Moneygram International in the last year. There are currently 1 sell rating and 3 hold ratings for the stock, resulting in a consensus recommendation of "Hold." View analyst ratings for Moneygram International.

When is Moneygram International's next earnings date?

Moneygram International is scheduled to release its next quarterly earnings announcement on Thursday, August 6th 2020. View our earnings forecast for Moneygram International.

How were Moneygram International's earnings last quarter?

Moneygram International Inc (NASDAQ:MGI) issued its quarterly earnings results on Friday, May, 1st. The financial services provider reported ($0.05) EPS for the quarter, topping the Zacks' consensus estimate of ($0.06) by $0.01. The financial services provider had revenue of $290.90 million for the quarter, compared to analyst estimates of $286.49 million. View Moneygram International's earnings history.

What price target have analysts set for MGI?

4 analysts have issued 12 month target prices for Moneygram International's stock. Their forecasts range from $1.00 to $1.00. On average, they expect Moneygram International's share price to reach $1.00 in the next year. This suggests that the stock has a possible downside of 67.9%. View analysts' price targets for Moneygram International.

What are Wall Street analysts saying about Moneygram International stock?

Here are some recent quotes from research analysts about Moneygram International stock:

1. According to Zacks Investment Research, "MoneyGram’s fourth-quarter 2019 adjusted income per share of 1 cent surpassed the Zacks Consensus Estimate of a loss of 2 cents. Its results reflected transaction growth outside the United States. The company's solid investments in digital platform, mobile and online businesses are likely to help it gain market share. Its partnership with Ripple will aid it to benefit from blockchain technology and grow its cross-border business. A decline in expenses is expected to drive margins. Shares have also outperformed its industry on a year-to-date basis. However, its weakness in the money transfer business, impacted by a deliberate strategy of increasing compliance control and imposing limits on certain transactions and global economic softness are concerns. The company’s high compliance costs are other headwinds." (3/5/2020)
2. Northland Securities analysts commented, "We note Groupon and RetailMeNot as a couple examples in the affiliate program." (9/5/2019)

Has Moneygram International been receiving favorable news coverage?

Headlines about MGI stock have been trending somewhat positive recently, according to InfoTrie. The research group scores the sentiment of press coverage by analyzing more than six thousand blog and news sources in real time. The firm ranks coverage of public companies on a scale of -5 to 5, with scores closest to five being the most favorable. Moneygram International earned a media sentiment score of 0.9 on InfoTrie's scale. They also assigned news coverage about the financial services provider a news buzz of 0.0 out of 10, meaning that recent press coverage is extremely unlikely to have an effect on the company's share price in the near future. View the latest news aboutMoneygram International.

Are investors shorting Moneygram International?

Moneygram International saw a decline in short interest in the month of May. As of May 15th, there was short interest totaling 3,940,000 shares, a decline of 18.1% from the April 30th total of 4,810,000 shares. Based on an average trading volume of 1,650,000 shares, the short-interest ratio is presently 2.4 days. Approximately 7.8% of the company's stock are sold short. View Moneygram International's Current Options Chain.

Who are some of Moneygram International's key competitors?

Some companies that are related to Moneygram International include Visa (V), Mastercard (MA), Fidelity National Information Servcs (FIS), Fiserv (FISV), Automatic Data Processing (ADP), Global Payments (GPN), Paychex (PAYX), FleetCor Technologies (FLT), Broadridge Financial Solutions (BR), Jack Henry & Associates (JKHY), The Western Union (WU), Genpact (G), WEX (WEX), Euronet Worldwide (EEFT) and MAXIMUS (MMS). View all competitors.

What other stocks do shareholders of Moneygram International own?

Based on aggregate information from My MarketBeat watchlists, some companies that other Moneygram International investors own include The Western Union (WU), Advanced Micro Devices (AMD), Intuit (INTU), AbbVie (ABBV), Alibaba Group (BABA), Coty (COTY), Ford Motor (F), Micron Technology (MU), NIO (NIO) and Amarin (AMRN).

Who are Moneygram International's key executives?

Moneygram International's management team includes the following people:

Mr. W. Alexander Holmes, Chairman & CEO (Age 44)
Mr. Lawrence Angelilli, Exec. VP & CFO (Age 63)
Ms. Kamila K. Chytil, Chief Global Operations Officer (Age 39)
Mr. Francis Aaron Henry, Exec. VP, Gen. Counsel & Corp. Sec. (Age 53)
Mr. Grant A. Lines, Chief Revenue Officer (Age 54)

What is Moneygram International's stock symbol?

Moneygram International trades on the NASDAQ under the ticker symbol "MGI."

Who are Moneygram International's major shareholders?

Moneygram International's stock is owned by a variety of retail and institutional investors. Top institutional shareholders include Morgan Stanley (2.80%), Morgan Stanley (2.80%), Beach Point Capital Management LP (2.64%), Invesco Ltd. (0.56%), Teton Advisors Inc. (0.51%) and Lindbrook Capital LLC (0.42%). Company insiders that own Moneygram International stock include Ripple Labs Inc and Thomas H Lee Advisors, Llc. View institutional ownership trends for Moneygram International.

Which institutional investors are selling Moneygram International stock?

MGI stock was sold by a variety of institutional investors in the last quarter, including Beach Point Capital Management LP, Teton Advisors Inc., Spark Investment Management LLC, Parametric Portfolio Associates LLC, Gabelli Funds LLC, State Street Corp, Toroso Investments LLC, and CSat Investment Advisory L.P.. View insider buying and selling activity for Moneygram International.

Which institutional investors are buying Moneygram International stock?

MGI stock was bought by a variety of institutional investors in the last quarter, including Morgan Stanley, Morgan Stanley, Lindbrook Capital LLC, Thrivent Financial for Lutherans, British Airways Pensions Investment Management Ltd, Altium Wealth Management LLC, Invesco Ltd., and Quilter Plc. View insider buying and selling activity for Moneygram International.

How do I buy shares of Moneygram International?

Shares of MGI can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.

What is Moneygram International's stock price today?

One share of MGI stock can currently be purchased for approximately $3.12.

How big of a company is Moneygram International?

Moneygram International has a market capitalization of $197.93 million and generates $1.29 billion in revenue each year. The financial services provider earns $-60,300,000.00 in net income (profit) each year or ($0.06) on an earnings per share basis. Moneygram International employs 2,252 workers across the globe.

What is Moneygram International's official website?

The official website for Moneygram International is www.corporate.moneygram.com.

How can I contact Moneygram International?

Moneygram International's mailing address is 2828 NORTH HARWOOD STREET 15TH FLOOR, DALLAS TX, 75201. The financial services provider can be reached via phone at 214-999-7552 or via email at [email protected]

This page was last updated on 6/3/2020 by MarketBeat.com Staff