International Money Express (IMXI) to Release Earnings on Wednesday

International Money Express (NASDAQ:IMXI) will be releasing its earnings data before the market opens on Wednesday, May 8th. Analysts expect International Money Express to post earnings of $0.35 per share for the quarter. Parties interested in registering for the company’s conference call can do so using this link.

International Money Express (NASDAQ:IMXI) last issued its quarterly earnings results on Tuesday, February 27th. The company reported $0.52 earnings per share for the quarter, topping the consensus estimate of $0.48 by $0.04. The business had revenue of $171.78 million during the quarter, compared to the consensus estimate of $175.55 million. International Money Express had a return on equity of 42.30% and a net margin of 9.03%.

International Money Express Price Performance

Shares of NASDAQ IMXI opened at $20.23 on Wednesday. The company has a debt-to-equity ratio of 1.37, a quick ratio of 1.94 and a current ratio of 1.94. The company has a market cap of $682.36 million, a PE ratio of 12.41 and a beta of 0.73. The business has a 50-day simple moving average of $21.39 and a two-hundred day simple moving average of $20.64. International Money Express has a fifty-two week low of $15.76 and a fifty-two week high of $26.71.

Analyst Upgrades and Downgrades

Several equities research analysts have weighed in on the company. BMO Capital Markets lowered their price target on International Money Express from $30.00 to $29.00 and set an “outperform” rating for the company in a report on Wednesday, February 28th. Monness Crespi & Hardt initiated coverage on International Money Express in a research note on Wednesday, March 20th. They issued a “buy” rating and a $27.00 price objective for the company. Two analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $24.00.

Insider Transactions at International Money Express

In other news, insider Joseph Aguilar sold 23,700 shares of the firm’s stock in a transaction dated Friday, March 15th. The stock was sold at an average price of $21.13, for a total value of $500,781.00. Following the completion of the transaction, the insider now directly owns 105,677 shares in the company, valued at $2,232,955.01. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Company insiders own 10.50% of the company’s stock.

About International Money Express

International Money Express, Inc, together with its subsidiaries, operates as an omnichannel money remittance services company in the United States, Latin America, Mexico, Central and South America, the Caribbean, Africa, and Asia. The company offers remittance services, which include a suite of ancillary financial processing solutions and payment services; and online payment options, pre-paid debit cards, and direct deposit payroll cards.