Last $14.32 USD
Change Today -0.25 / -1.72%
Volume 62.5K
MGI On Other Exchanges
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As of 1:20 PM 08/27/14 All times are local (Market data is delayed by at least 15 minutes).

moneygram international inc (MGI) Snapshot

Open
$14.55
Previous Close
$14.57
Day High
$14.55
Day Low
$14.31
52 Week High
10/25/13 - $21.95
52 Week Low
04/21/14 - $12.45
Market Cap
781.5M
Average Volume 10 Days
218.3K
EPS TTM
$1.61
Shares Outstanding
54.6M
EX-Date
01/3/08
P/E TM
8.9x
Dividend
--
Dividend Yield
--
Current Stock Chart for MONEYGRAM INTERNATIONAL INC (MGI)

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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, utilities, property management, prepaid card, and collections industries. This segment provides money transfer services through its network of agents, as well as through company-owned retail locations. It also offers money transfer services on the Internet via 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 agent locations; and offers official check services for 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.

2,590 Employees
Last Reported Date: 03/3/14
Founded in 1926

moneygram international inc (MGI) Top Compensated Officers

Executive Chairman, Chief Executive Officer, ...
Total Annual Compensation: $909.5K
Chief Financial Officer, Chief Operating Offi...
Total Annual Compensation: $363.1K
Executive Vice President of Europe, Africa an...
Total Annual Compensation: $505.5K
Executive Vice President of Global Operations
Total Annual Compensation: $363.8K
Executive Vice President, General Counsel and...
Total Annual Compensation: $290.8K
Compensation as of Fiscal Year 2013.

moneygram international inc (MGI) Key Developments

MoneyGram International Opens New Global Business Center in Poland

MoneyGram International announced that it will be opening a new global business center this fall in Poland to improve its operational efficiencies and accelerate innovation.

Moneygram International Inc. Reports Unaudited Consolidated Earnings Results for the Second Quarter and Six Months Ended June 30, 2014; Reports Earnings Guidance for the Full Year of 2014

Moneygram International Inc. reported unaudited consolidated earnings results for the second quarter and six months ended June 30, 2014. For the quarter, the company reported total revenue of $372.4 million against $365.1 million a year ago. Operating income was $21.1 million against $42.5 million a year ago. Income before income taxes was $32.1 million against $32.6 million a year ago. Net income was $25.6 million against $19.1 million a year ago. Basic and diluted earnings per share were $0.40 against $0.27 a year ago. Both net income and diluted earnings per share were impacted by a decrease in operating income, partially driven by increased cost for the global transformation program. This decrease was offset by the $22.4 million gain on security settlements. EBITDA was $69.8 million against $64.7 million a year ago. Adjusted EBITDA was $68.1 million against $70.3 million a year ago. Adjusted EBITDA margin was 18.3% against 19.3% a year ago. Adjusted free cash flow was $30.2 million against $48.0 million a year ago. Adjusted net income was $17.9 million or $0.28 diluted earnings per share against $22.6 million or $0.32 diluted earnings per share a year ago. Capital expenditure was $4.4 million. Adjusted free cash flow in the quarter was $30.2 million, which does not include additional positive cash flow generated from the $22.4 million of security settlements. For the six months, the company reported total revenue of $747.3 million against $705.6 million a year ago. Operating income was $58.1 million against $86.8 million a year ago. Income before income taxes was $59.4 million against $14.2 million a year ago. Net income was $64.6 million against $6.5 million a year ago. Basic and diluted earnings per share were $0.95 against $0.09 a year ago. EBITDA was $131.7 million against $84.3 million a year ago. Adjusted EBITDA was $146.0 million against $142.6 million a year ago. Adjusted EBITDA margin was 19.5% against 20.2% a year ago. Adjusted free cash flow was $76.9 million against $80.8 million a year ago. Adjusted net income was $44.2 million or $0.65 diluted earnings per share against $42.6 million or $0.59 diluted earnings per share a year ago. The company continues to estimate full-year of 2014 constant currency revenue growth to be in the range of 1 to 3% and estimates full-year constant currency adjusted EBITDA growth to be in the range of 0 to 2%.

MoneyGram International Inc. Announces Two New Executive Appointment

MoneyGram announced that two key leaders have joined the company to focus on two strategic growth areas for the company: emerging markets and self-service channels. Yogesh Sangle has joined MoneyGram as senior regional director for Asia, and Andrew Typrin joins as the company's vice president of the global MoneyGram Online business. Sangle, who most recently held a leadership position at PayPal, Asia Pacific, has more than 15 years of experience in banking and payments solutions throughout Asia, along with expertise in online payments, digital marketing, and sales and product management. He is based in Singapore. Typrin previously supported Amazon's global expansion and led strategy development and execution for payments acceptance. Typrin will lead the expansion of MoneyGram Online, focused on building an exceptional and innovative online customer experience. He is based in Dallas.

 

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Industry Analysis

MGI

Industry Average

Valuation MGI Industry Range
Price/Earnings 9.2x
Price/Sales 0.6x
Price/Book NM Not Meaningful
Price/Cash Flow 4.9x
TEV/Sales -- Not Meaningful
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