International Money Express (NASDAQ:IMXI) Announces Quarterly Earnings Results, Misses Estimates By $0.12 EPS

International Money Express (NASDAQ:IMXI) issued its quarterly earnings data on Monday. The company reported $0.23 EPS for the quarter, missing analysts’ consensus estimates of $0.35 by ($0.12), FiscalAI reports. The business had revenue of $131.16 million during the quarter, compared to the consensus estimate of $143.59 million. International Money Express had a return on equity of 17.33% and a net margin of 3.35%.

International Money Express Stock Down 2.3%

IMXI traded down $0.27 during trading on Wednesday, hitting $11.36. The stock had a trading volume of 197,037 shares, compared to its average volume of 425,979. The company has a market capitalization of $341.87 million, a PE ratio of 18.32 and a beta of 0.76. International Money Express has a twelve month low of $11.15 and a twelve month high of $15.95. The company has a debt-to-equity ratio of 1.57, a quick ratio of 2.84 and a current ratio of 2.84. The stock has a 50 day simple moving average of $13.80 and a two-hundred day simple moving average of $15.00.

Analysts Set New Price Targets

IMXI has been the topic of a number of analyst reports. Weiss Ratings reiterated a “sell (d+)” rating on shares of International Money Express in a report on Friday. Wall Street Zen downgraded International Money Express from a “hold” rating to a “sell” rating in a research report on Saturday, July 4th. One investment analyst has rated the stock with a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, International Money Express currently has an average rating of “Reduce”.

Institutional Trading of International Money Express

Several hedge funds and other institutional investors have recently made changes to their positions in IMXI. Alliancebernstein L.P. grew its stake in International Money Express by 6,041.0% during the 3rd quarter. Alliancebernstein L.P. now owns 2,060,904 shares of the company’s stock worth $28,791,000 after buying an additional 2,027,344 shares during the last quarter. Man Group plc raised its stake in International Money Express by 103.4% in the fourth quarter. Man Group plc now owns 1,153,023 shares of the company’s stock valued at $17,710,000 after buying an additional 586,044 shares during the last quarter. Fort Baker Capital Management LP acquired a new stake in International Money Express in the fourth quarter worth about $14,616,000. Goldman Sachs Group Inc. boosted its holdings in International Money Express by 24.2% in the fourth quarter. Goldman Sachs Group Inc. now owns 482,752 shares of the company’s stock worth $7,415,000 after acquiring an additional 94,110 shares in the last quarter. Finally, Qube Research & Technologies Ltd grew its stake in shares of International Money Express by 113.8% during the third quarter. Qube Research & Technologies Ltd now owns 440,930 shares of the company’s stock worth $6,160,000 after acquiring an additional 234,727 shares during the last quarter. Hedge funds and other institutional investors own 86.71% of the company’s stock.

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.