International Money Express (NASDAQ:IMXI) Announces Quarterly Earnings Results

International Money Express (NASDAQ:IMXI) released its quarterly earnings results on Monday. The company reported $0.24 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.20 by $0.04, FiscalAI reports. The business had revenue of $126.40 million during the quarter, compared to analyst estimates of $130.37 million. International Money Express had a return on equity of 17.01% and a net margin of 3.35%.

International Money Express Price Performance

International Money Express stock traded up $0.23 during mid-day trading on Monday, reaching $7.57. 1,349,369 shares of the company’s stock traded hands, compared to its average volume of 507,962. The stock has a 50 day moving average of $11.45 and a two-hundred day moving average of $14.04. The company has a quick ratio of 1.96, a current ratio of 1.96 and a debt-to-equity ratio of 0.76. The company has a market cap of $228.70 million, a price-to-earnings ratio of 12.21 and a beta of 0.83. International Money Express has a 12-month low of $6.86 and a 12-month high of $15.95.

Analyst Ratings Changes

Several research firms have recently commented on IMXI. Weiss Ratings downgraded International Money Express from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Tuesday, October 6th. Wall Street Zen upgraded International Money Express from a “sell” rating to a “hold” rating in a research note on Saturday, August 15th. One analyst has rated the stock with a Sell rating. According to MarketBeat, the stock has an average rating of “Sell”.

International Money Express Company Profile

International Money Express, Inc (NASDAQ: IMXI), operating under the Intermex brand, is a financial technology company that provides international money transfer services. The company enables consumers, particularly immigrants and other underserved customers, to send funds across borders through retail agent locations and digital channels.

Intermex primarily serves money-transfer corridors from the United States and Canada to countries in Latin America, the Caribbean and other international markets.