Thu, Sep. 17, 9:08 AM
Fri, Jul. 31, 12:46 PM
Fri, Jul. 31, 9:33 AM
- MoneyGram (MGI +14%) pops in early trading after a strong Q2 report and announcing a new CEO will take the helm.
- The company reported a 13% rise in U.S. outbound transactions in Q2 and 16% increase is non-U.S. send transactions.
- U.S.-to-U.S. transactions were off 22% vs. -37% in Q1. The impact of Walmart launching its own money service is a significant factor for the domestic business.
- Previously: MoneyGram beats by $0.08, beats on revenue
- Previously: MoneyGram names new CEO
Fri, Jul. 31, 7:20 AM
Fri, Jul. 31, 7:05 AM
Thu, Jul. 30, 5:30 PM
Thu, May 28, 9:02 AM
Wed, May 6, 12:45 PM
Wed, May 6, 11:25 AM
- A combination of MoneyGram (MGI +28.2%) and Western Union (WU +7.2%) would give the new entity a money transfer market share of close to 20%, notes Financial Post.
- JP Morgan thinks a merger would include equity due to MoneyGram's high debt load.
- That development could cut into buybacks for Western Union and dent its credit rating.
- If a deal for MoneyGram is struck at $10 to $11, JP sees EPS accretion.
- Previously: Western Union reportedly in talks to buy MoneyGram; MGI +34.6% (May. 05 2015)
Wed, May 6, 9:11 AM
Tue, May 5, 5:28 PM
Fri, May 1, 8:09 AM
- MoneyGram (NASDAQ:MGI) reports flat transfer transaction growth during Q1.
- Money transfers transactions were up 13% if the impact of the Wal-Mart loss is backed out.
- U.S. outbound transactions +15% Y/Y.
- U.S.-to-U.S. transactions -37%.
- Adjusted operating margin -640 bps to 6.2% for the global transfer business.
- Adjusted operating margin -730 bps to 39.3% for the financial paper products business.
- Guidance: Flat revenue growth for 2015 is anticipated. Adjusted EBITDA seen falling 8% to 12% on a constant currency basis.
- Previously: MoneyGram misses by $0.05, misses on revenue
Fri, May 1, 7:12 AM
Thu, Apr. 30, 5:30 PM
Thu, Apr. 9, 9:25 AM
Thu, Feb. 12, 5:36 PM
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