MoneyGram International Inc. MGI reported fourth-quarter 2019 adjusted income per share of 1 cent, which compared favorably with the Zacks Consensus Estimate of a loss of 2 cents. The metric was in line with the year-ago quarter figure.MoneyGram’s results reflect transaction growth outside the United States.MoneyGram International Inc. Price, Consensus and EPS Surprise MoneyGram International Inc. price-consensus-eps-surprise-chart | MoneyGram International Inc. QuoteQuarterly DetailsThe company’s total revenues of $323.7 million declined 6% year over year and missed the Zacks Consensus Estimate by 1.3%. The downside mainly resulted from a decline in fee and other revenues along with investment revenues.Among the components of revenues, fees and other revenues declined 6.2% to $311.3 million, while investment revenues declined 11.4% to $12.4 million.Adjusted EBITDA of $57.6 million declined 4% year over year.Adjusted EBITDA margin of 17.8% improved 40 basis points year over year.Total operating expenses declined 6% year over year to $311 million due to lower total commissions and direct transaction expenses, expenses related to transaction and operations support, expenses related to occupancy, equipment and supplies, and depreciation & amortization expenses. Segments in DetailIn the Global Funds Transfer segment, money transfer revenues decreased 6.3% year over year to $299.7 million. Within the segment, money transfer revenues declined 5.6% year over year to $285.9 million and Bill payment revenues were also down by 17.9% year over year to $13.8 million. Operating margin deteriorated 30 basis points from the year-ago quarter to 1.8%.The Financial Paper Products segment reported total revenues of $24 million, down nearly 8% year over year due to a 9.5% decline in money order revenues and a 6.5% decrease in official check revenues. Operating margin improved 150 basis points from the year-ago quarter to 33.3%.LiquidityThe company ended 2019 with cash and cash equivalents balance of $146.8 million, up 0.9% from the 2018 end-level.During the quarter, the company generated adjusted free cash flow of $19.8 million, down 6.2% year over year.As of Dec 31, 2019, its pension liability was up 1.2% from the 2018-end level to $77.5 million.Yearly UpdateFor 2019, adjusted diluted income per share was 3 cents per share on a reported basis.For the year, total revenues of $1,285.1 million decreased 11% on a reported basis and 10% on a constant currency basis.Global Funds Transfer segment’s revenues were $1,183.3 million, down 12.2% from the 2018-end level.Adjusted EBITDA of $213.7 million declined 13% on a reported basis and decreased 11% on a constant currency basis.Adjusted free cash flow totaled $62.4 million, down 38.2% from the 2018-end level.1Q20 GuidanceOn a constant currency basis, the company estimates total revenues of $300 million and adjusted EBITDA of $50 million for the first quarter of 2020.Zacks Rank & Stocks to ConsiderMoneyGram currently carries a Zacks Rank #5 (Strong Sell).You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.Among other players in the same space having reported fourth-quarter earnings so far, the bottom-line results of CIT Group Inc. CIT, Moody’s Corp. MCO and American Express Company AXP surpassed estimates in the last reported quarters by 14.4%, 4.2% and 1.5%, on average, respectively.The Hottest Tech Mega-Trend of AllLast year, it generated $24 billion in global revenues. By 2020, it's predicted to blast through the roof to $77.6 billion. Famed investor Mark Cuban says it will produce "the world's first trillionaires," but that should still leave plenty of money for regular investors who make the right trades early.See Zacks' 3 Best Stocks to Play This Trend >>Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Moody's Corporation (MCO): Free Stock Analysis Report American Express Company (AXP): Free Stock Analysis Report MoneyGram International Inc. (MGI): Free Stock Analysis Report CIT Group Inc. (CIT): Free Stock Analysis Report To read this article on Zacks.com click here.