Key Developments: MoneyGram International Inc (MGI.N)
18.92USD
10 May 2013
$0.66 (+3.61%)
$18.26
$18.25
$19.08
$18.25
24,640
26,848
$20.39
$11.01
Latest Key Developments (Source: Significant Developments)
MoneyGram International Inc Reaffirms FY 2013 Guidance
MoneyGram International Inc announced that for fiscal 2013, management is estimating total constant currency revenue growth of 6% to 9% and constant currency adjusted EBITDA growth of 3% to 6%. The Company reported revenue of $1.341 billion and EBITDA of $279 million in fiscal 2012. According to I/B/E/S Estimates, analysts on an average are expecting the Company to report revenue of $1.44 billion and EBIDA of $287 million in fiscal 2013. Full Article
MoneyGram International Inc Announces Agreement With Ukash
MoneyGram International Inc announced that it has signed a global agreement that will give Ukash customers the ability to send domestic and international money transfers from the Ukash website and receive it at any of MoneyGram's more than 310,000 locations worldwide or through MoneyGram's account deposit channels. Full Article
MoneyGram International Inc Comments On FY 2013 Guidance
MoneyGram International Inc announced that for fiscal 2013, management is estimating total constant currency revenue growth of 6% to 9% and constant currency adjusted EBITDA growth of 3% to 6%. According to I/B/E/S Estimates, analysts on an average are expecting the Company to report revenue of $1.426 billion and EBIDA of $291 million in fiscal 2013. Full Article
MoneyGram International Inc settles fraud allegations with DoJ-Reuters
Reuters reported that MoneyGram International Inc said it reached a $100 million settlement with U.S. authorities related to suspected fraudulent transactions by some agents. The settlement, which also involves the appointment of an independent compliance monitor, tipped the Company to a third-quarter loss of $54.8 million. The U.S. Attorney's Office for the Middle District of Pennsylvania and the Department of Justice (DOJ) had accused MoneyGram of aiding wire fraud and failing to implement an effective anti-money laundering program, the Company said. MoneyGram did not provide details of the allegations, which relate to transactions by third-party agents in Canada and United States from 2003 to early 2009. Full Article
MoneyGram International Inc Sees FY 2012 Guidance At Low End Of Prior Range
MoneyGram International Inc announced that for fiscal 2012, the Company is guiding to the low end of the previously provided ranges of total revenue growth of 7% to 9%; adjusted EBITDA growth in the range of 7% to 9%; and constant currency, adjusted for the impact of the euro to U.S. dollar exchange rate, adjusted EBITDA growth of 9% to 11%. The Company reported revenue of $1.247 billion and EBITDA of $188 million for fiscal 2011. According to I/B/E/S Estimates, analysts are expecting the Company to report revenue of $1.33 billion, EBITDA of $279 million for fiscal 2012. Full Article
Gemalto NV Announces Partnership with MoneyGram International, Inc. to Offer International Money Transfers on Mobile Devices
Gemalto NV and MoneyGram International, Inc. announced a global agreement to provide MoneyGram services over Gemalto's LinqUs Mobile Money solution. MoneyGram's money transfer platform will be integrated with Gemalto's LinqUs mobile payment platform solution, allowing customers to send international transfers from a mobile phone to one of MoneyGram's 284,000 locations worldwide or receive transfers directly to their mobile wallet. Gemalto Mobile Financial Services clients, including banks and mobile operators, will be able to connect directly to MoneyGram's global network and offer convenient and secure mobile remittance services. Full Article
MoneyGram International, Inc. Reaffirms FY 2012 Guidance
MoneyGram International, Inc. announced that for fiscal 2012, the Company continues to estimate total revenue growth of 7%-9% and adjusted EBITDA growth in the range of 7%-9% due to the impact of the declining value of the Euro against the U.S. dollar. Excluding the impact of the declining Euro, management continues to estimate adjusted EBITDA growth of 9%-11%. The Company reported revenue of $1.247 billion and EBITDA of $188 million for fiscal 2011. According to I/B/E/S Estimates, analysts are expecting the Company to report revenue of $1.346 billion for fiscal 2012. Full Article
MoneyGram International, Inc. Reaffirms FY 2012 Guidance
MoneyGram International, Inc. announced that for fiscal year 2012, it continues to estimate total revenue growth of 7% to 9% and adjusted EBITDA growth of 9% to 11% consistent with its long-term management targets. The Company reported revenue of $1.248 billion and EBITDA of $188.57 million for fiscal 2011. According to I/B/E/S Estimates, analysts are expecting the Company to report revenue of $1.338 billion for fiscal 2012. Full Article
MoneyGram International, Inc. and ICBC Expand Direct-to-Account Service to Money Sent from Japan into 200 million ICBC Accounts
MoneyGram International, Inc. announced it has expanded its new direct-to-account (or cash-to-account) money transfer service with the Industrial and Commercial Bank of China (ICBC), to MoneyGram customers sending money from Japan to China. ICBC is one of the banks in China, with a nationwide network of locations and more than 200 million accounts. Full Article
MoneyGram International, Inc. Appoints Alex Holmes as Chief Financial Officer
MoneyGram International, Inc announced that W. Alexander 'Alex' Holmes has been named executive vice president and chief financial officer, effective immediately. Holmes succeeds James E. Shields, who has served as MoneyGram’s executive vice president and chief financial officer since July 2010. To ensure a smooth transition, Shields will remain with the Company through May 15, 2012. Having served most recently as MoneyGram’s senior vice president for corporate strategy and investor relations, Holmes brings extensive and detailed knowledge of the Company’s business operations, partnership activities and growth objectives. Full Article
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