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Last $10.20 USD
Change Today +2.32 / 29.44%
Volume 1.4M
MGI On Other Exchanges
Symbol
Exchange
NASDAQ GS
Frankfurt
As of 8:10 PM 07/31/15 All times are local (Market data is delayed by at least 15 minutes).

moneygram international inc (MGI) Snapshot

Open
$9.00
Previous Close
$7.88
Day High
$10.24
Day Low
$8.81
52 Week High
09/19/14 - $15.02
52 Week Low
01/14/15 - $7.55
Market Cap
542.6M
Average Volume 10 Days
242.2K
EPS TTM
$1.52
Shares Outstanding
53.2M
EX-Date
01/3/08
P/E TM
6.7x
Dividend
--
Dividend Yield
--
Current Stock Chart for MONEYGRAM INTERNATIONAL INC (MGI)

moneygram international inc (MGI) Related Businessweek News

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moneygram international inc (MGI) Details

MoneyGram International, Inc., together with its subsidiaries, provides money transfer and payment services in the United States and internationally. The company operates in two segments, Global Funds Transfer and Financial Paper Products. The Global Funds Transfer segment provides money transfer and bill payment services primarily to unbanked and under banked consumers. Its bill payment services allow consumers to make bill payments, pay routine bills, or load and reload prepaid debit cards to various billers in the credit card, mortgage, auto finance, telecommunications, corrections, satellite, health care, utilities, property management, prepaid card, and collections industries. This segment provides money transfer services through its network of agents, as well as through company- operated retail locations. It also offers money transfer services on the Internet through its MoneyGram Online service, as well as through kiosks, ATMs, prepaid cards, and direct-to-bank account products. The Financial Paper Products segment provides money orders to consumers through its retail and financial institution locations; and offers official check services to financial institutions. This segment sells its money orders under the MoneyGram brand, as well as on a private label or co-branded basis with retail and financial institution agents. MoneyGram International, Inc. was founded in 1926 and is headquartered in Dallas, Texas.

2,727 Employees
Last Reported Date: 03/3/15
Founded in 1926

moneygram international inc (MGI) Top Compensated Officers

Executive Chairman and Chief Executive Office...
Total Annual Compensation: $1.6M
Chief Financial Officer, Chief Operating Offi...
Total Annual Compensation: $637.6K
Executive Vice President, General Counsel and...
Total Annual Compensation: $508.9K
Executive Vice President of Human Resources a...
Total Annual Compensation: $357.7K
Compensation as of Fiscal Year 2014.

moneygram international inc (MGI) Key Developments

Moneygram International Reports Unaudited Consolidated Earnings Results for the Second Quarter and Six Months Ended June 30, 2015; Provides Earnings Guidance for the Year 2015

Moneygram International reported unaudited consolidated earnings results for the second quarter and six months ended June 30, 2015. For the quarter, total revenue was $358.8 million compared to $372.4 million a year ago. Operating loss was $15.7 million compared to operating income of $21.1 million a year ago. Loss before income was $27.1 million compared to income before income taxes of $32.1 million a year ago. Net loss was $12.4 million or $0.20 per basic and diluted share compared to net income of $25.6 million or $0.40 per basic and diluted share a year ago. Adjusted LBITDA was $15.7 million compared to adjusted EBITDA of $68.1 million a year ago. Adjusted free cash out flow was $7.4 million compared to adjusted free cash flow of $30.2 million a year ago. Adjusted net income was $14.1 million or $0.23 per basic and diluted share compared to adjusted net income of $17.9 million or $0.28 per basic and diluted share a year ago. In the quarter, capital expenditures were $32.8 million, both capital expenditures and agent signing bonuses will be lower in the second half of the year. For the six months, the company reported total revenue of $689.4 million compared to $747.3 million a year ago. Operating loss was $14.0 million compared to operating income of $58.1 million a year ago. Loss before income taxes was $36.5 million compared to income before income of $58.4 million a year ago. Net loss was $84.4 million or $1.36 per basic and diluted share compared to net income of $64.6 million or $0.95 per basic and diluted share a year ago. Adjusted EBITDA was $112.3 million compared to adjusted EBITDA of $146 million a year ago. Adjusted free cash out flow was $37.6 million compared to adjusted free cash flow of $76.9 million a year ago. Adjusted net income was $20.7 million or $0.33 per basic and diluted share compared to adjusted net income of $44.2 million or $0.65 per basic and diluted share a year ago. The company provided earnings guidance for the year 2015. The outlook for 2015 is unchanged. For the full-year 2015, the company estimates approximately flat constant currency revenue growth. For adjusted EBITDA, the company estimates a decline of approximately 8% to 12% on a constant currency basis for the full-year 2015. The company anticipates improving to year-over-year double-digit constant currency revenue and adjusted EBITDA growth in the fourth quarter.

MoneyGram Announces Management Changes, January 1, 2015

MoneyGram announced that its Board of Directors has chosen W. Alexander Holmes to serve as MoneyGram's next chief executive officer, beginning on January 1, 2016. He will succeed MoneyGram chairman and CEO Pamela H. Patsley, who on the same date will assume the role of executive chairman for a minimum of two years. Holmes, currently the company's executive vice president, chief financial officer and chief operating officer, will join the MoneyGram Board by the start of his tenure as CEO. In her role as executive chairman, Patsley will work closely with Holmes to oversee MoneyGram's strategic planning efforts and help represent the Company in its interactions with customers, the financial community, regulators and government officials. She will also continue to lead the Board's governance functions, take an active role in the MoneyGram Foundation, and speak out on issues affecting the money transfer industry. Alex Holmes has served as executive vice president, CFO and COO of MoneyGram since February 2014 and executive vice president and CFO since March 2012. Patsley currently sits on the boards of two other public companies: Texas Instruments Inc. and Dr. Pepper Snapple Group Inc.

Glancy Prongay & Murray Files a Securities Class Action on Behalf of MoneyGram International, Inc.'s Investors

Glancy Prongay & Murray LLP announced that a class action has been filed on behalf of investors of MoneyGram International Inc. concerning the company’s and its officers’ possible violations of federal securities laws. According to the lawsuit, the company violated federal securities laws by misleading investors regarding its critical partner’s, Wal-Mart Stores, decision to introduce a competing money transfer and financial services provider in all of its current wire transfer locations across the United States. On April 17, 2014, shortly after completing a secondary offering of MoneyGram shares, MoneyGram disclosed for the first time the decision by Wal-Mart to introduce competing products across the U.S., causing the value of MoneyGram shares to decline in one day by almost 30% to close on April 17, 2014 at $12.58 per share.

 

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Price/Earnings NM Not Meaningful
Price/Sales 0.5x
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Price/Cash Flow NM Not Meaningful
TEV/Sales NM Not Meaningful
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