International Money Express (IMXI) to Release Quarterly Earnings on Tuesday

International Money Express (NASDAQ:IMXI) is set to issue its quarterly earnings data after the market closes on Tuesday, May 14th. Analysts expect the company to announce earnings of $0.12 per share for the quarter.

International Money Express (NASDAQ:IMXI) last issued its quarterly earnings data on Tuesday, March 12th. The company reported $0.13 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.16 by ($0.03). The firm had revenue of $75.06 million during the quarter, compared to analysts’ expectations of $71.15 million. On average, analysts expect International Money Express to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.

IMXI opened at $12.03 on Monday. The company has a market capitalization of $435.25 million and a PE ratio of -240.60. The company has a debt-to-equity ratio of 2.55, a current ratio of 2.04 and a quick ratio of 2.04. International Money Express has a 52 week low of $9.06 and a 52 week high of $13.38.

A number of research firms have recently commented on IMXI. Zacks Investment Research cut International Money Express from a “buy” rating to a “hold” rating in a research note on Saturday, March 16th. Cantor Fitzgerald restated a “buy” rating and issued a $14.00 target price on shares of International Money Express in a research note on Wednesday, March 13th. Finally, Craig Hallum began coverage on International Money Express in a research note on Monday, February 4th. They issued a “buy” rating for the company. One investment analyst has rated the stock with a hold rating and five have issued a buy rating to the company’s stock. International Money Express currently has a consensus rating of “Buy” and a consensus target price of $14.33.

An institutional investor recently raised its position in International Money Express stock. Geode Capital Management LLC increased its position in International Money Express Inc (NASDAQ:IMXI) by 174.0% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 71,914 shares of the company’s stock after purchasing an additional 45,667 shares during the quarter. Geode Capital Management LLC owned approximately 0.20% of International Money Express worth $860,000 as of its most recent filing with the Securities & Exchange Commission. Institutional investors own 29.32% of the company’s stock.

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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, Central and South America, and the Caribbean. The company offers remittance services, including a suite of ancillary financial processing solutions and payment services.

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