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

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

International Money Express Stock Performance

Shares of NASDAQ:IMXI traded up $0.04 during trading on Wednesday, hitting $15.89. 186,215 shares of the company were exchanged, compared to its average volume of 337,137. The company has a market cap of $477.98 million, a PE ratio of 18.69 and a beta of 0.78. The stock has a 50 day moving average of $15.83 and a 200 day moving average of $15.52. International Money Express has a 52-week low of $8.58 and a 52-week 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.

Institutional Investors Weigh In On International Money Express

Institutional investors have recently made changes to their positions in the stock. Brevan Howard Capital Management LP lifted its position in shares of International Money Express by 26.0% during the second quarter. Brevan Howard Capital Management LP now owns 35,936 shares of the company’s stock worth $363,000 after acquiring an additional 7,405 shares in the last quarter. Aquatic Capital Management LLC purchased a new stake in shares of International Money Express in the third quarter worth $362,000. Quantbot Technologies LP raised its position in shares of International Money Express by 35.5% in the second quarter. Quantbot Technologies LP now owns 32,423 shares of the company’s stock worth $327,000 after buying an additional 8,487 shares in the last quarter. Brooklyn Investment Group purchased a new stake in shares of International Money Express in the fourth quarter worth $318,000. Finally, Creative Planning purchased a new stake in shares of International Money Express in the second quarter worth $272,000. Hedge funds and other institutional investors own 86.71% of the company’s stock.

Wall Street Analysts Forecast Growth

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

International Money Express Company Profile

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.