International Money Express (NASDAQ:IMXI) Announces Quarterly Earnings Results, Misses Estimates By $0.28 EPS

International Money Express (NASDAQ:IMXI) announced its quarterly earnings results on Monday. The company reported $0.13 earnings per share for the quarter, missing the consensus estimate of $0.41 by ($0.28), FiscalAI reports. The company had revenue of $121.95 million during the quarter, compared to analysts’ expectations of $141.02 million. International Money Express had a net margin of 4.34% and a return on equity of 23.71%.

International Money Express Price Performance

IMXI stock traded up $0.03 during midday trading on Wednesday, reaching $15.88. The company had a trading volume of 155,133 shares, compared to its average volume of 336,723. The firm has a 50-day moving average price of $15.83 and a 200-day moving average price of $15.52. The company has a market capitalization of $477.68 million, a P/E ratio of 18.68 and a beta of 0.78. International Money Express has a 1 year low of $8.58 and a 1 year high of $15.95. The company has a debt-to-equity ratio of 1.31, a current ratio of 2.51 and a quick ratio of 2.51.

Analysts Set New Price Targets

Several equities analysts recently commented on IMXI shares. Weiss Ratings raised shares of International Money Express from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Wednesday, March 4th. Wall Street Zen upgraded International Money Express to a “hold” rating in a research report on Saturday, April 18th. Three research analysts have rated the stock with a Hold rating, Based on data from MarketBeat, the stock currently has an average rating of “Hold”.

Institutional Trading of International Money Express

Hedge funds have recently made changes to their positions in the stock. Raymond James Financial Inc. bought a new position in International Money Express in the second quarter valued at $40,000. Russell Investments Group Ltd. lifted its stake in International Money Express by 31.2% during the fourth quarter. Russell Investments Group Ltd. now owns 7,734 shares of the company’s stock worth $119,000 after purchasing an additional 1,840 shares during the last quarter. PenderFund Capital Management Ltd. purchased a new position in shares of International Money Express in the 3rd quarter worth about $133,000. Mercer Global Advisors Inc. ADV bought a new position in shares of International Money Express during the 4th quarter valued at about $176,000. Finally, Gamco Investors INC. ET AL bought a new position in shares of International Money Express during the 3rd quarter valued at about $168,000. 86.71% of the stock is owned by institutional investors.

About International Money Express

International Money Express, Inc (NASDAQ: IMXI) is a U.S.-based financial services company specializing in cross-border money transfers and digital payment solutions. Through its proprietary IMX platform, the company enables person-to-person transfers, bill payments and cash disbursement services. Its digital offerings include a mobile app and web portal that allow customers to send funds securely to relatives and businesses in multiple countries.

The company operates a network of thousands of agent locations across key remittance corridors in Latin America, the Caribbean and parts of the Asia-Pacific region.