International Money Express, Inc. (NASDAQ:IMXI) Expected to Post Earnings of $0.30 Per Share

Equities research analysts forecast that International Money Express, Inc. (NASDAQ:IMXI) will post $0.30 earnings per share (EPS) for the current fiscal quarter, according to Zacks. Two analysts have provided estimates for International Money Express’ earnings. International Money Express posted earnings per share of $0.28 in the same quarter last year, which suggests a positive year over year growth rate of 7.1%. The company is expected to issue its next earnings results on Tuesday, August 3rd.

According to Zacks, analysts expect that International Money Express will report full-year earnings of $1.23 per share for the current financial year. Zacks’ earnings per share averages are an average based on a survey of sell-side research firms that follow International Money Express.

International Money Express (NASDAQ:IMXI) last issued its quarterly earnings data on Tuesday, March 9th. The company reported $0.25 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.26 by ($0.01). International Money Express had a return on equity of 52.83% and a net margin of 8.65%. The business had revenue of $99.30 million for the quarter, compared to analyst estimates of $94.00 million.

Several brokerages have issued reports on IMXI. BTIG Research reissued a “buy” rating and set a $22.00 target price on shares of International Money Express in a research note on Sunday, April 4th. TheStreet cut shares of International Money Express from a “b-” rating to a “c” rating in a report on Wednesday, February 3rd. Finally, Zacks Investment Research cut shares of International Money Express from a “buy” rating to a “hold” rating in a report on Tuesday. Three research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. The company presently has an average rating of “Buy” and an average price target of $18.67.

A number of institutional investors and hedge funds have recently bought and sold shares of the business. SG Americas Securities LLC raised its holdings in shares of International Money Express by 8.1% during the first quarter. SG Americas Securities LLC now owns 20,430 shares of the company’s stock worth $307,000 after acquiring an additional 1,537 shares during the period. Barclays PLC grew its position in International Money Express by 78.0% in the first quarter. Barclays PLC now owns 23,919 shares of the company’s stock valued at $359,000 after purchasing an additional 10,485 shares in the last quarter. Renaissance Technologies LLC grew its position in International Money Express by 61.8% in the first quarter. Renaissance Technologies LLC now owns 103,200 shares of the company’s stock valued at $1,549,000 after purchasing an additional 39,400 shares in the last quarter. Martingale Asset Management L P grew its position in International Money Express by 21.2% in the first quarter. Martingale Asset Management L P now owns 14,324 shares of the company’s stock valued at $216,000 after purchasing an additional 2,502 shares in the last quarter. Finally, Bank of Montreal Can grew its position in International Money Express by 4.9% in the first quarter. Bank of Montreal Can now owns 84,348 shares of the company’s stock valued at $1,242,000 after purchasing an additional 3,914 shares in the last quarter. Institutional investors own 65.82% of the company’s stock.

NASDAQ:IMXI traded down $0.04 during midday trading on Thursday, hitting $13.84. 192,694 shares of the stock were exchanged, compared to its average volume of 188,010. The company has a market capitalization of $541.74 million, a price-to-earnings ratio of 17.74 and a beta of 0.44. International Money Express has a one year low of $8.50 and a one year high of $18.69. The business has a 50-day moving average price of $15.06 and a two-hundred day moving average price of $15.49. The company has a current ratio of 2.03, a quick ratio of 2.03 and a debt-to-equity ratio of 1.00.

International Money Express Company Profile

International Money Express, Inc, through its subsidiary, operates as a money remittance services company in the United States, Latin America, Mexico, Africa, Central and South America, and the Caribbean. The company offers remittance services, which include a suite of ancillary financial processing solutions and payment services; and online payment options, pre-paid debit cards, and direct deposit payroll cards.

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