MoneyGram

MoneyGram International, Inc. is a global payment services company, which offers global money transfers, bill payment solutions and money orders. It operates through the following business segments: Global Funds Transfer and Financial Paper Products. The Global Funds Transfer segment provides money transfer services. The Financial Paper Products segment offers money orders to consumers through retail and financial institutions. The company was founded in 1940 and is headquartered in Dallas, TX.

Earnings data Q1 2024

Revenue

Cost of revenue

Gross profit

Operating expenses

SG&A

Other

Operating income

EBITDA

Net income

Earnings per share

Total assets

Current assets

Cash & equivalents

Receivables

Inventory

Non-current assets

Net PPE

Intangibles

Total liabilities

Current liabilities

Short term debt

Income tax payable

Non-current liabilities

Long-term debt

Total equity

Stockholders equity

Minority interest

Total liabilities & equity

Total debt

Net debt

Book value per share

Cash from operations

Funds from operations

Change in working capital

Cash from investing

Capital expenditure

Purchase/sale of investments

Purchase/sale of business

Other sources

Cash from financing

Change in stock

Change in debt

Cash dividends paid

Cash from other sources

Net change in cash

Free cash flow

MoneyGram is a global payment services company. The company’s products include global money transfers, bill payment solutions, and financial paper products. It conducts its business through its wholly-owned subsidiary MoneyGram Payment Systems, Inc. (MPSI). MoneyGram operates in two segments: Global Funds Transfer and Financial Paper Products and offers its money transfer services on the Internet through its MoneyGram Online service in the United States, United Kingdom, and through agent Websites in Italy, Saudi Arabia, and Japan. It also offers money transfer services via mobile phone, kiosks, ATM, receive cards, and direct-to-bank account products in various markets worldwide. Effective July 8, 2013, MoneyGram International Inc acquired Latino Services, an Atlanta-based provider of money transfer services.

MoneyGram (MGI) exhibits prudence by initiating an equity offering program, which intends to sell its common shares and utilize proceeds for reducing debt burden.

MoneyGram (MGI) to Raise Equity Capital to Reduce Debt

DALLAS, June 9, 2021 /PRNewswire/ -- MoneyGram International, Inc., a global leader in the evolution of digital P2P payments, today announced an all-time high in money transfer transactions for May in its direct-to-consumer channel, MoneyGram Online (MGO). MGO also delivered all-time highs in cross-border transactions and revenue, growing 53% and 60% growth, respectively.

MoneyGram Delivers All-Time Record High for MoneyGram Online Transactions in May

Shares of MoneyGram International Inc. tumbled 8.5% in premarket trading Monday, after the digital payments company announced an "at-the-market" program to sell up to $100 million worth of its stock. That would represent roughly 11% of MoneyGram's market capitalization of $886.0 million.

MoneyGram stock drops after $100 million ATM stock sale plan

DALLAS, June 7, 2021 /PRNewswire/ -- MoneyGram International, Inc. (NASDAQ: MGI) ("MoneyGram" or the "Company") announced today that it has established an "at-the-market" equity offering program (the "ATM Program") under which it may offer and sell, from time to time, shares of its common stock (the "Shares") having an aggregate sales price of up to $100 million, and has entered into an ATM Equity OfferingSM Sales Agreement (the "Sales Agreement") with BofA Securities, Inc. ("BofA"), as sales agent. Upon delivery of an issuance notice and subject to the terms and conditions of the Sales Agreement, BofA will use commercially reasonable efforts, consistent with its normal trading and sales practices and applicable law and regulations, to sell the Shares from time to time based upon MoneyGram's instructions for the sales, including price, time and size limits specified by the Company.

MoneyGram Announces $100,000,000 At-The-Market Equity Offering Program

Root

You can find good stocks in this price range if you know where to look

2 Great Stocks Under $10

DALLAS, May 26, 2021 /PRNewswire/ -- The past year has created a dramatic shift in consumer behavior that has forever changed the retail environment to be more digital and customer-centric. MoneyGram, a global leader in the evolution of digital P2P payments, today announced the results of its first-ever MoneyGram Data Index1 – a national poll focused on how consumer behavior and expectations toward companies have evolved since the start of the COVID-19 pandemic.

Significant Shift in Consumer Behavior Reveals Implications for Brands to Accelerate Transformations Coming Out of the Pandemic, According to New MoneyGram Data Index

Expansion of digital business turbocharges MoneyGram's (MGI) progress by increasing its remittance volumes.

MoneyGram's (MGI) Expanding Digital Platform Bodes Well

DALLAS, May 20, 2021 /PRNewswire/ -- MoneyGram International, Inc., a global leader in the evolution of digital P2P payments, today announced MoneyGram Online (MGO) recorded 95% year-over-year cross-border transaction growth which drove 111% revenue growth in April. MGO delivered an all-time high for transactions in the month, marking strong sequential growth that continues to be supported by strong consumer demand for the MoneyGram mobile app with its real-time transfer capabilities and high customer retention rates.

MoneyGram Online Delivers Another Record-Breaking Month with Transactions Reaching an All-Time High in April

DALLAS, May 17, 2021 /PRNewswire/ -- MoneyGram International, Inc. (NASDAQ: MGI), a global leader in cross-border P2P payments and money transfers, today announced that the Company will present at the Barclays Emerging Payments & Fintech Forum on Thursday, May 20, 2021. The presentation will begin at 4:40 p.m.

MoneyGram to Present at the Barclays Emerging Payments & Fintech Forum

MoneyGram (MGI) to allow cryptocurrencies purchase and sell via its brick-and-mortar stores in the United States through its collaboration with Coinme.

Will Crypto Get Easy Access Via MoneyGram (MGI)-Coinme Tie-Up?

MoneyGram  partnered  with cryptocurrency exchange and ATM operator Coinme so its users can buy Bitcoin with cash or convert holdings into a cash withdrawal from MoneyGram locations throughout the US. The partnership is set to expand into additional markets in the second half of 2021.

MoneyGram is re-entering the crypto scene with a Coinme partnership

MoneyGram International announced on Wednesday that customers can now purchase bitcoin with cash and withdraw bitcoin holdings converted to cash from its thousands of brick-and-mortar locations nationwide. The move is just the latest signal that bitcoin is becoming more mainstream. MoneyGram partnered with cryptocurrency exchange and bitcoin ATM operator Coinme for the endeavor. Through the collaboration and its other efforts, Coinme said which it be able will power more than 20,000 physical locations.

MoneyGram will allow customers to purchase bitcoin with cash at physical locations in partnership with ATM operator Coinme

The news: Money wiring service giant MoneyGram inked a deal with Coinme to let customers buy or sell bitcoin with cash at more than 12,000 brick-and-mortar locations across the U.

MoneyGram now lets people buy and sell bitcoin through deal with Seattle startup Coinme

Cross-border payments giant MoneyGram International Inc. (NASDAQ:MGI) will now allow its customers to buy Bitcoin (CRYPTO: BTC) and other cryptocurrencies for cash at brick-and-mortar locations in the United States. What Happened: According to a press release shared with Benzinga, MoneyGram partnered with cryptocurrency exchange and Bitcoin ATM operator Coinme to allow its customers to buy crypto with cash or withdraw it in 12,000 locations across 32 states.

MoneyGram Will Allow To Buy And Sell Bitcoin With Cash In Partnership With Coinme Exchange

MoneyGram (MGI) stock is on the move Wednesday after announcing Bitcoin (BTC-USD) integrations for buying and selling the crypto. The post MGI Stock: MoneyGram's Big Bitcoin News Gives Shares a Crypto Pop appeared first on InvestorPlace.

MGI Stock: MoneyGram's Big Bitcoin News Gives Shares a Crypto Pop

In the coming weeks, investors will be able to buy crypto with cash or withdraw it from thousands of MoneyGram's brick-and-mortar locations in the U.S.

MoneyGram to let cryptocurrency traders cash in their investments

DALLAS and SEATTLE, May 12, 2021 /PRNewswire/ -- MoneyGram International, Inc. (NASDAQ: MGI), a global leader in cross-border P2P payments and money transfers, and Coinme Inc., the largest licensed cryptocurrency cash exchange in the U.S., today announced the launch of a new partnership to enable the cash funding and payout of digital currency purchases and sales. The partnership, which utilizes MoneyGram's modern, mobile and API-driven payments platform and Coinme's proprietary cryptocurrency exchange and custody technology, will bring bitcoin to thousands of new point-of-sale locations in the U.S., with plans to expand to select international markets in the second half of 2021.

MoneyGram and Coinme Partner to Expand Access to Bitcoin

MoneyGram's (MGI) Q1 results reflect operating expense concerns, which overshadow revenue growth.

MoneyGram's (MGI) Q1 Earnings Miss Estimates, Revenues Top

Beyond Meat

At Home Group

Lyft

Raytheon Technologies

Mirati Therapeutics

Truist Financial

ViacomCBS

With the trading day about halfway over, the markets were all over the place. The Nasdaq took a beating yet again, with the index down close to 1.7%.

At Home, Beyond Meat, Lyft, Raytheon and More Monday Afternoon Analyst Calls

Its direct-to-consumer business is skyrocketing, and that's good news, considering its getting new competitors in stores.

Why MoneyGram International Stock Surged Today

MoneyGram International, Inc. (MGI) CEO Alex Holmes on Q1 2021 Results - Earnings Call Transcript

DALLAS, May 6, 2021 /PRNewswire/ -- MoneyGram International, Inc. (NASDAQ: MGI) today reported financial results for its first quarter ended March 31, 2021. First Quarter 2021 Business Highlights "Our customer-centric strategy helped drive a strong start to the year with money transfer revenue growth accelerating to 12% as the digital business continues to overperform reaching 32% of total money transfer transactions at the end of March," said Alex Holmes, MoneyGram Chairman and CEO.

MoneyGram International Reports First Quarter 2021 Results

New York, New York--(Newsfile Corp. - April 30, 2021) - WHY: Rosen Law Firm, a global investor rights law firm, reminds purchasers of the securities of MoneyGram International, Inc. (NASDAQ: MGI) between June 17, 2019 and February 22, 2021, inclusive (the "Class Period"), of the important April 30, 2021 lead plaintiff deadline in the first filed securities class action commenced by the firm.SO WHAT: If you purchased MoneyGram securities during the Class Period you may...

MGI Final Deadline Today: Rosen, Trusted Investor Counsel, Encourages MoneyGram International, Inc. Investors with Losses to Secure Counsel Before Important April 30 Deadline in Securities Class Action - MGI

Los Angeles, California--(Newsfile Corp. - April 30, 2021) - The Schall Law Firm, a national shareholder rights litigation firm, reminds investors of a class action lawsuit against MoneyGram International, Inc. ("MoneyGram" or "the Company") (NASDAQ: MGI) for violations of §§10(b) and 20(a) of the Securities Exchange Act of 1934 and Rule 10b-5 promulgated thereunder by the U.S. Securities and Exchange Commission.Investors who purchased the Company's securities between June 17, 2019 and February 22, 2021, inclusive...

DEADLINE TODAY: The Schall Law Firm Reminds Investors of Class Action Lawsuit Against MoneyGram International, Inc. and Encourages Investors with Losses in Excess of $100,000 to Contact the Firm

NEW YORK--(BUSINESS WIRE)--Bronstein, Gewirtz & Grossman, LLC notifies investors that a class action lawsuit has been filed against MoneyGram International, Inc. (“MoneyGram” or the “Company”) (NASDAQ: MGI) and certain of its officers, on behalf of shareholders who purchased or otherwise acquired MoneyGram securities between June 17, 2019 and February 22, 2021, inclusive (the "Class Period”). Such investors are encouraged to join this case by visiting the firm's site: www.bgandg.com/mgi. Th

MGI Final Deadline: Bronstein, Gewirtz & Grossman, LLC Reminds MoneyGram International, Inc. Investors of Class Action and Lead Plaintiff Deadline: April 30, 2021

News for MoneyGram Stock (MGI)