Analysts expect that International Money Express Inc (NASDAQ:IMXI) will announce earnings per share (EPS) of $0.15 for the current quarter, Zacks reports. Two analysts have provided estimates for International Money Express’ earnings, with the highest EPS estimate coming in at $0.17 and the lowest estimate coming in at $0.13. The company is expected to announce its next quarterly earnings report on Tuesday, August 13th.
On average, analysts expect that International Money Express will report full-year earnings of $0.60 per share for the current financial year, with EPS estimates ranging from $0.56 to $0.62. For the next fiscal year, analysts forecast that the firm will report earnings of $0.85 per share, with EPS estimates ranging from $0.83 to $0.87. Zacks Investment Research’s earnings per share averages are an average based on a survey of sell-side analysts that cover International Money Express.
International Money Express (NASDAQ:IMXI) last posted its earnings results on Tuesday, May 14th. The company reported $0.09 EPS for the quarter, missing analysts’ consensus estimates of $0.12 by ($0.03). The business had revenue of $68.35 million for the quarter, compared to analyst estimates of $68.75 million.
A number of research firms have commented on IMXI. Northland Securities reaffirmed a “buy” rating and issued a $42.00 target price on shares of Varex Imaging in a research report on Wednesday, May 15th. Zacks Investment Research raised shares of Investors Real Estate Trust Reit from a “sell” rating to a “hold” rating in a research report on Thursday, May 23rd. Finally, ValuEngine downgraded shares of Verso from a “hold” rating to a “sell” rating in a research report on Thursday, May 23rd. One investment analyst has rated the stock with a hold rating and seven have given a buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average price target of $14.50.
NASDAQ:IMXI traded down $0.01 during trading hours on Monday, reaching $14.42. The company had a trading volume of 120,400 shares, compared to its average volume of 111,182. The company has a debt-to-equity ratio of 2.05, a quick ratio of 1.47 and a current ratio of 1.47. International Money Express has a 52 week low of $9.06 and a 52 week high of $15.11. The stock has a market cap of $548.09 million and a price-to-earnings ratio of -288.40. The company’s 50 day simple moving average is $14.14.
Institutional investors have recently modified their holdings of the company. Tibra Equities Europe Ltd purchased a new position in shares of International Money Express during the 1st quarter worth $286,000. Northern Trust Corp boosted its stake in shares of International Money Express by 3.6% during the 4th quarter. Northern Trust Corp now owns 28,615 shares of the company’s stock worth $342,000 after acquiring an additional 996 shares during the last quarter. Hennessy Advisors Inc. purchased a new position in shares of International Money Express during the 2nd quarter worth $494,000. Geode Capital Management LLC boosted its stake in shares of International Money Express by 174.0% during the 4th quarter. Geode Capital Management LLC now owns 71,914 shares of the company’s stock worth $860,000 after acquiring an additional 45,667 shares during the last quarter. Finally, Summit Partners Public Asset Management LLC boosted its stake in shares of International Money Express by 1.8% during the 4th quarter. Summit Partners Public Asset Management LLC now owns 1,526,032 shares of the company’s stock worth $18,131,000 after acquiring an additional 26,903 shares during the last quarter. Institutional investors and hedge funds own 31.56% of the company’s stock.
About International Money Express
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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