MoneyGram International, Inc. (MGI)

NASDAQ: MGI · IEX Real-Time Price · USD
10.01
0.01 (0.10%)
May 27, 2022 12:17 PM EDT - Market open
Market Cap963.75M
Revenue (ttm)1.28B
Net Income (ttm)-17.40M
Shares Out96.28M
EPS (ttm)-0.19
PE Ration/a
Forward PE23.04
Dividendn/a
Ex-Dividend Daten/a
Volume200,351
Open10.06
Previous Close10.00
Day's Range9.98 - 10.06
52-Week Range5.06 - 12.36
Beta1.31
AnalystsSell
Price Target13.52 (+35.1%)
Earnings DateMay 5, 2022

About MGI

MoneyGram International, Inc., together with its subsidiaries, provides cross-border peer-to-peer payments and 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 through third-party agents, including retail chains, independent retailers, post offices, banks, and other financial institutions; and digital solutions, such as moneygram.com, account de...

IndustryIT Services
Founded1940
CEOW. Alexander Holmes
Employees3,072
Stock ExchangeNASDAQ
Ticker SymbolMGI
Full Company Profile

Financial Performance

In 2021, MGI's revenue was $1.28 billion, an increase of 5.46% compared to the previous year's $1.22 billion. Losses were -$37.90 million, 379.7% more than in 2020.

Financial Statements

Analyst Forecast

According to 11 analysts, the average rating for MGI stock is "Sell." The 12-month stock price forecast is 13.52, which is an increase of 35.06% from the latest price.

Price Target
$13.52
(35.06% upside)
Analyst Consensus: Sell
Stock Forecasts

News

MoneyGram Stockholders Overwhelmingly Approve Merger Transaction with Madison Dearborn Partners

Provides Update on Progress to Close Transaction DALLAS , May 23, 2022 /PRNewswire/ -- MoneyGram International, Inc. (NASDAQ: MGI) (the "Company"), a global leader in the evolution of digital P2P paymen...

4 days ago - PRNewsWire

MoneyGram (MGI) Down 3.1% Since Q1 Earnings & Sales Miss

MoneyGram International's (MGI) Money Transfer business continues to perform well on the back of its rising cross-border transactions.

1 week ago - Zacks Investment Research

MoneyGram (MGI) Misses Q1 Earnings and Revenue Estimates

MoneyGram (MGI) delivered earnings and revenue surprises of -18.18% and 2.75%, respectively, for the quarter ended March 2022. Do the numbers hold clues to what lies ahead for the stock?

3 weeks ago - Zacks Investment Research

MoneyGram International Reports First Quarter 2022 Results

Digital revenue reached an all-time high of $83 million reaching 40% of money transfer transactions at the end of the first quarter Digital transactions increased 33% over the prior year MoneyGram Onlin...

3 weeks ago - PRNewsWire

MoneyGram Responds to Recent Inflammatory and Misleading Statements by the CFPB and Its Director

DALLAS , May 2, 2022 /PRNewswire/ -- MoneyGram International, Inc. (NASDAQ: MGI), a global leader in the evolution of digital P2P payments, today responded to several inflammatory and misleading stateme...

3 weeks ago - PRNewsWire

SHAREHOLDER INVESTIGATION: Halper Sadeh LLP Investigates RCM, SAVE, ZWS, MGI

NEW YORK , April 26, 2022 /PRNewswire/ -- Halper Sadeh LLP, an investor rights law firm, is investigating the following companies for potential violations of the federal securities laws and/or breaches ...

Other symbols:RCMSAVEZWS
1 month ago - PRNewsWire

MoneyGram Gets Ready to Fight ‘Meritless Lawsuit'

Global money transfer company MoneyGram is getting ready to fight a civil lawsuit filed by the director of the Consumer Financial Protection Bureau (CFPB) and the New York Attorney General (NYAG) that a...

1 month ago - PYMNTS

MoneyGram Responds to Baseless Litigation and Claims by the Consumer Financial Protection Bureau Director and the NY ...

MoneyGram is the Industry Leader in Compliance and Has Invested Heavily to Protect Consumers and Underprivileged Communities Against Harm Regulators' Unreasonable Demands Forced the Company to Litigate,...

1 month ago - PRNewsWire

CFPB and New York AG Sue MoneyGram

The federal Consumer Financial Protection Bureau (CFPB) and New York's attorney general filed a federal lawsuit against MoneyGram International, Inc. and MoneyGram Payment Systems, Inc., alleging the co...

1 month ago - PYMNTS

MoneyGram sued by US, New York over remittance transfers

MoneyGram, one of the largest US providers of remittance transfers, was sued in Manhattan federal court by the Consumer Financial Protection Bureau and New York Attorney General Letitia James.

1 month ago - New York Post

U.S. regulators sue MoneyGram for illegally holding up customer funds and ‘leaving families high and dry'

The Consumer Financial Protection Bureau and the Attorney General of New York sued payments company MoneyGram International Inc. MGI, -5.96% Thursday for allegedly breaking consumer protection laws that...

1 month ago - Market Watch

MoneyGram is sued by U.S., New York regulators over remittance transfers

MoneyGram International Inc was sued on Thursday by the U.S. Consumer Financial Protection Bureau and New York Attorney General Letitia James for violating a federal rule designed to make remittance tra...

1 month ago - Reuters

SHAREHOLDER ALERT: Weiss Law Reminds VWTR, CCHWF, MGI, and TVTY Shareholders About Its Ongoing Investigations

NEW YORK , April 21, 2022 /PRNewswire/ -- If you own shares in any of the companies listed above and would like to discuss our investigations or have any questions concerning this notice or your rights ...

Other symbols:TVTY
1 month ago - PRNewsWire

SHAREHOLDER INVESTIGATION: Halper Sadeh LLP Investigates LAX, ZWS, MGI, SAVE, HBP

NEW YORK , April 13, 2022 /PRNewswire/ -- Halper Sadeh LLP, an investor rights law firm, is investigating the following companies for potential violations of the federal securities laws and/or breaches ...

Other symbols:HBPSAVEZWS
1 month ago - PRNewsWire

MONEYGRAM INVESTOR ALERT By The Former Attorney General of Louisiana: Kahn Swick & Foti, LLC Investigates Adequacy of...

NEW ORLEANS--(BUSINESS WIRE)--Former Attorney General of Louisiana Charles C. Foti, Jr., Esq. and the law firm of Kahn Swick & Foti, LLC (“KSF”) are investigating the proposed sale of MoneyGram Internat...

1 month ago - Business Wire

SHAREHOLDER ALERT: Weiss Law Reminds HBP, EMCF, CCHWF, and MGI Shareholders About Its Ongoing Investigations

NEW YORK , April 5, 2022 /PRNewswire/ --  If you own shares in any of the companies listed above and would like to discuss our investigations or have any questions concerning this notice or your rights ...

Other symbols:EMCFHBP
1 month ago - PRNewsWire

MoneyGram to Pay $8.25M Fine in NYDFS Settlement

MoneyGram  announced Wednesday (March 16) that it has reached a final agreement to settle a legacy enforcement matter with the New York Department of Financial Services, a company release said, and will...

2 months ago - PYMNTS

MoneyGram Agrees to Settle Legacy Enforcement Matter with New York Department of Financial Services

DALLAS , March 16, 2022 /PRNewswire/ -- MoneyGram (NASDAQ: MGI) today announced it has reached a final agreement to settle its previously disclosed legacy enforcement matter with the New York Department...

2 months ago - PRNewsWire

MoneyGram Suspends Service in Russia

MoneyGram plans to quit offering its services in Russia over that country's ongoing invasion of Ukraine, a company statement said Friday (March 11). The statement noted that the company joins “many voic...

2 months ago - PYMNTS

MoneyGram to Suspend Services in Russia

DALLAS, March 11, 2022 /PRNewswire/ -- MoneyGram International Inc. (NASDAQ: MGI) today issued the following statement: We have been closely monitoring the situation in Ukraine with great concern for al...

2 months ago - PRNewsWire

MoneyGram, Stellar Foundation Team with Techstars on a LatAm Blockchain Accelerator

The Stellar Development Foundation (SDF) and MoneyGram International Inc. (MG) have formed a partnership with Techstars, the global network that helps entrepreneurs succeed with investments of capital, ...

2 months ago - PYMNTS

Stellar Development Foundation and MoneyGram Partner with Techstars to Spur Innovation on Blockchain-Based Cross-Bord...

SAN FRANCISCO and DALLAS, March 11, 2022 /PRNewswire/ -- Stellar Development Foundation and MoneyGram International, Inc. (NASDAQ: MGI) today announced a new partnership with Techstars, a global investm...

2 months ago - PRNewsWire

INVESTIGATION ALERT: Kaskela Law LLC Announces Stockholder Investigation of MoneyGram International, Inc. (MGI) Follo...

Philadelphia, Pennsylvania--(Newsfile Corp. - March 6, 2022) - Investor protection law firm Kaskela Law LLC announces that it is investigating MoneyGram International, Inc. ("MoneyGram") (NASDAQ: MGI) o...

2 months ago - Newsfile Corp

MoneyGram (MGI) Q4 Earnings Beat on Strong Digital Business

MoneyGram International (MGI) expects digital transactions to grow through 2022. The diversification of product and service offerings is likely to be a major theme going ahead.

2 months ago - Zacks Investment Research

MoneyGram (MGI) Q4 Earnings Top Estimates

MoneyGram (MGI) delivered earnings and revenue surprises of 69.23% and 0.12%, respectively, for the quarter ended December 2021. Do the numbers hold clues to what lies ahead for the stock?

3 months ago - Zacks Investment Research