Stock Market Performance of Listed Companies

Chart 1: Western Union vs S&P 500 Financial Sector Index

Source: Thomson & Google Finance


Chart 2: MoneyGram Inc. vs S&P 500 Financial Sector Index

Source: Thomson & Google Finance

Western Union

The share price rose 11.3% to USD27.6 on 31 July 2008 from USD24.8 on 01 July 2008 as the company reported good results for the second quarter of 2008 and announced some major alliances during the month. On 23 July 2008, the company announced a 12% increase in second quarter revenues to $1.35 billion versus $1.20 billion reported for the same period last year. Net income jumped 13% to $232 million compared to $204.5 million posted in the corresponding period last year. On 30 July 2008, the company entered into a partnership with Globe Telecom, a leading telecommunications company in the Philippines, to provide remittance services from Hawaii to the Philippines.

MoneyGram International Inc.

The stock gained 23.2% to USD1.4 on 31 July 2008 from USD1.1 on 01 July 2008. On 10 July 2008, the company in partnership with Dong A Bank (DAB) launched home delivery services for international money transfers in Vietnam. The company mentioned that the new option would allow receivers to ask MoneyGram to deliver money transfers directly to their home or business addresses. On 3 July 2008, the company reached a settlement with North Carolina, 43 other states and the District of Columbia, as per which MoneyGram would take steps to curb the use of its services by unscrupulous telemarketers.

Chart 3: Dollar Financial Corp. vs S&P 500 Financial Sector Index

Source: Thomson & Google Finance


Chart 4: First Cash Fin. Ser. Inc. vs S&P 500 Financial Sector Index

Source: Thomson & Google Finance

Dollar Financial Corp.

Dollar Financial climbed 23.3% to USD19.3 on 31 July 2008 from USD15.7 on 01 July 2008. On 21 July 2008, the company announced a $7.5 million stock repurchase plan which will be funded through existing cash balances.

First Cash Financial Services, Inc.

The stock climbed 23.3% to USD19.1 on 31 July 2008 from USD15.5 on 01 July 2008. On 22 July 2008, the company in its second quarter results reported a fall in net income to $6.7 million, or 23 cents a share, from $8.9 million, or 27 cents a share posted in the same period a year ago. Despite the fall in margin, the performance was slightly better than the analysts' expectation of 22 cents a share. The company mentioned that total pawn store revenue, the biggest contributor to its topline, rose 29% to $64.4 million in the quarter.

Euronet Worldwide, Inc.

Euronet Worldwide, Inc. fell by 4.0% to USD16.0 on 31 July 2008 from USD16.7 on 01 July 2008. On 30 July 2008, the company reported that its second quarter net income for the second quarter fell to $7.8 million or $0.15 per share, from net income of $8.5 million or $0.17 per share recorded in the same period a year ago. The company added that its total revenues rose to $264.5 million in the quarter from $233.4 million in the same period a year ago.

Chart 5: Euronet Worldwide, Inc. vs S&P 500 Financial Sector Index

Source: Thomson & Google Finance

Global Payments Inc.

The stock declined 4.2% to USD44.3 on 31 July 2008 from USD46.2 at the beginning of the month. On 24 July 2008, the company reported a 23% rise in its revenues to $343.8 million as compared to $280.1 million in the same period a year ago.

Excluding the unfavorable impact of a nonrecurring, non-cash foreign currency item and prior period restructuring and other charges, diluted earnings per share grew 21% to $0.52 compared to $0.43 recorded in the same period last year. The company added that for the fiscal year ended May 31, 2008, its revenues grew 20% to $1,274.2 million compared to $1,061.5 million posted in the prior year.

Chart 6: Global Payments Inc. vs S&P 500 Financial Sector Index

Source: Thomson & Google Finance


Chart 7: Coinstar Inc. vs S&P 500 Financial Sector Index

Source: Thomson & Google Finance

Coinstar Inc.

The share price climbed 6.6% in July, from USD32.4 to USD34.5. On 31 July 2008, the company announced that its net income in the second quarter declined to $2.68 million or $0.09 per share from $3.35 million or $0.12 per share recorded for the same period last year. Total revenue for the quarter rose by 60% to $219.90 million from $137.36 million posted in the same quarter of the prior year. The company expects third quarter fully taxed earnings to range from $0.11 to $0.17 per share and revenues between $240 million and $250 million. The analysts are expecting the company to earn $0.17 per share on revenues of $229.01 million for the third quarter.

Chart 8: Diebold Inc. vs S&P 500 Financial Sector Index

Source: Thomson & Google Finance


Chart 9: Metavante Inc.vs S&P 500 Financial Sector Index

Source: Thomson & Google Finance

Diebold Inc.

The stock gained 3.1% in July to close at USD37.0. On 31 July 2008, the company declared a third-quarter cash dividend of 25 cents per share on its common shares. The company mentioned that the dividend is payable on 5 September to shareholders of record at the close of business on 22 August 2008. On 25 July 2008, the company partnered with Oregon-based OnPoint Community Credit Union to provide an ATM-outsourcing solution for the credit union's 45 ATMs.

Metavante Technologies, Inc.

The stock declined 2.2% to USD22.26 on 31 July 2008, from USD22.76 on 1 July 2008. On 28 July 2008, the company reported that its revenue for the second quarter rose by 7% to $424.8 million from $395.7 million recorded for the same quarter of 2007. Second quarter EBITDA stood at $121.0 million, an increase of 9% compared to adjusted EBITDA of $111.2 million reported for the second quarter of 2007. The company expects full year earnings per share to range between $1.15 and $1.20 per share.

Subscribe to IAMTN Newsletter

YES - I would like to know more about IAMTN actvities

Privacy by SafeSubscribe