Revenue Update on Moneygram International Inc(NASDAQ:MGI)

Moneygram International Inc(NASDAQ:MGI) announced the earnings results for Fiscal Year 2016 and Q4. The results came in during After-Market on Mar 15, 2017. Based on the corporate Earnings and Guidance, many Investment Banking firms balance their portfolio to Sell and Buy Stocks based on their strategy of investing in stocks.Company reported revenue of $416.200M. Analysts estimated a revenue of $397.100M. The revenues were 4.81% above the estimates. Earnings per share were $0.2. The reported EPS was below estimates by -13.04%. Analysts had estimated an EPS of $0.23.

Moneygram International Inc (MGI) shares turned negative on Fridays trading session with the shares closing down -0.14 points or -0.85% at a volume of 15,32,622. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $16.52. The peak price level was also seen at $16.52 while the days lowest was $15.93. Finally the shares closed at $16.29. The 52-week high of the shares is $16.52 while the 52-week low is $5.64. According to the latest information available, the market cap of the company is $878 M.

Several Insider Transactions has been reported to the SEC. On Nov 16, 2016, Andres Villareal (SVP Chief Compliance Officer) sold 4,000 shares at $9.82 per share price.Also, On Aug 5, 2016, Michael P Rafferty (director) purchased 1,500 shares at $6.44 per share price.On May 19, 2016, W Bruce Turner (director) purchased 5,944 shares at $5.89 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.

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