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

International Money Express (NASDAQ:IMXIGet Free Report) issued its earnings results on Monday. The company reported $0.23 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.35 by ($0.12), FiscalAI reports. International Money Express had a net margin of 4.34% and a return on equity of 23.26%. The business had revenue of $131.16 million for the quarter, compared to the consensus estimate of $143.59 million.

International Money Express Price Performance

NASDAQ:IMXI traded down $0.37 during trading hours on Monday, reaching $11.82. The stock had a trading volume of 588,261 shares, compared to its average volume of 426,836. The stock has a market capitalization of $355.66 million, a PE ratio of 13.91 and a beta of 0.76. International Money Express has a 52 week low of $11.15 and a 52 week high of $15.95. The company has a 50 day moving average price of $13.94 and a two-hundred day moving average price of $15.05. The company has a debt-to-equity ratio of 1.57, a quick ratio of 2.84 and a current ratio of 2.84.

Institutional Investors Weigh In On International Money Express

Several large investors have recently bought and sold shares of the business. Creative Planning bought a new position in International Money Express during the second quarter valued at $272,000. Norges Bank bought a new stake in shares of International Money Express in the 2nd quarter worth about $1,124,000. Quantbot Technologies LP raised its position in shares of International Money Express by 35.5% during the 2nd quarter. Quantbot Technologies LP now owns 32,423 shares of the company’s stock valued at $327,000 after buying an additional 8,487 shares in the last quarter. Arrowstreet Capital Limited Partnership raised its position in shares of International Money Express by 2.6% during the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 287,744 shares of the company’s stock valued at $2,903,000 after buying an additional 7,256 shares in the last quarter. Finally, First Trust Advisors LP grew its position in International Money Express by 2.1% in the second quarter. First Trust Advisors LP now owns 93,410 shares of the company’s stock worth $943,000 after acquiring an additional 1,881 shares in the last quarter. Institutional investors own 86.71% of the company’s stock.

Wall Street Analyst Weigh In

IMXI has been the subject of a number of research analyst reports. Wall Street Zen lowered shares of International Money Express from a “hold” rating to a “sell” rating in a report on Saturday, July 4th. Weiss Ratings lowered shares of International Money Express from a “hold (c)” rating to a “sell (d+)” rating in a research report on Tuesday, May 12th. Two equities research analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Reduce”.

Check Out Our Latest Stock Report on International Money Express

About International Money Express

(Get Free Report)

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.

Recommended Stories

Earnings History for International Money Express (NASDAQ:IMXI)

Receive News & Ratings for International Money Express Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for International Money Express and related companies with MarketBeat.com's FREE daily email newsletter.