Moneygram International, Inc. (MGI) Tops Q4 EPS by 2c, Offers Outlook

February 6, 2013 7:07 AM EST
Moneygram International, Inc. (NYSE: MGI) reported Q4 EPS of $0.28, $0.02 better than the analyst estimate of $0.26. Revenue for the quarter came in at $354.4 million versus the consensus estimate of $345.98 million.


For fiscal year 2013, management is estimating total constant currency revenue growth of 6 percent to 9 percent and constant currency adjusted EBITDA growth of 3 percent to 6 percent.

“We remain committed to achieving double-digit money transfer transaction growth and increasing our free cash flow. This outlook reflects continuing our investment in products, systems and services for the long-term yet allows us to absorb short-term industry pricing moves. We are very pleased with our results even after the pricing environment changed, and therefore, we have not yet implemented many of the pricing changes contemplated in our outlook,” said Patsley. “We have the right strategy to continue to capture share in a dynamic and growing global financial services industry. MoneyGram’s compelling products and services are relevant to the needs of an expanding consumer base. We are optimistic about 2013.”

For earnings history and earnings-related data on Moneygram International, Inc. (MGI) click here.

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