Moneygram International (NASDAQ:MGI) Getting Somewhat Positive Press Coverage, Report Finds

Media coverage about Moneygram International (NASDAQ:MGI) has trended somewhat positive on Saturday, InfoTrie Sentiment Analysis reports. The research firm scores the sentiment of news coverage by analyzing more than 6,000 news and blog sources in real time. The firm ranks coverage of publicly-traded 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 2.00 on their scale. InfoTrie also assigned media coverage about the financial services provider an news buzz score of 10 out of 10, indicating that recent news coverage is extremely likely to have an impact on the stock’s share price in the next several days.

Here are some of the news stories that may have impacted Moneygram International’s ranking:

Several equities research analysts recently commented on the company. ValuEngine cut Virtu Financial from a “hold” rating to a “sell” rating in a research report on Tuesday, June 18th. Northland Securities reissued a “buy” rating and issued a $35.00 target price on shares of Carbonite in a report on Monday, July 1st. Three analysts have rated the stock with a sell rating, three have given a hold rating and one has assigned a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus price target of $5.19.

Shares of NASDAQ:MGI traded down $0.06 during trading on Friday, hitting $2.22. 617,012 shares of the company’s stock were exchanged, compared to its average volume of 6,412,210. The firm has a market capitalization of $128.57 million, a P/E ratio of 5.16 and a beta of 2.96. The firm has a 50-day moving average of $2.02. Moneygram International has a 52-week low of $1.33 and a 52-week high of $7.05.

Moneygram International (NASDAQ:MGI) last released its quarterly earnings results on Wednesday, May 8th. The financial services provider reported ($0.06) earnings per share for the quarter, missing the consensus estimate of $0.02 by ($0.08). The firm had revenue of $315.40 million for the quarter, compared to analysts’ expectations of $332.98 million. Moneygram International had a negative net margin of 3.22% and a negative return on equity of 4.67%. The business’s quarterly revenue was down 17.0% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.15 EPS. As a group, analysts anticipate that Moneygram International will post 0.07 earnings per share for the current fiscal year.

About Moneygram International

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.

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