International Money Express (IMXI) to Release Quarterly Earnings on Wednesday

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

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

International Money Express Stock Performance

Shares of International Money Express stock opened at $20.15 on Monday. The company’s 50 day moving average price is $21.31 and its two-hundred day moving average price is $20.71. The firm has a market capitalization of $679.66 million, a P/E ratio of 12.36 and a beta of 0.76. The company has a debt-to-equity ratio of 1.37, a current ratio of 1.94 and a quick ratio of 1.94. International Money Express has a fifty-two week low of $15.76 and a fifty-two week high of $26.71.

Analysts Set New Price Targets

IMXI has been the topic of a number of research reports. BMO Capital Markets reduced their price objective on International Money Express from $30.00 to $29.00 and set an “outperform” rating on the stock in a research report on Wednesday, February 28th. Monness Crespi & Hardt started 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 equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $24.00.

Insider Activity

In related news, insider Joseph Aguilar sold 23,700 shares of International Money Express stock in a transaction that occurred on Friday, March 15th. The stock was sold at an average price of $21.13, for a total value of $500,781.00. Following the transaction, the insider now directly owns 105,677 shares of the company’s stock, valued at $2,232,955.01. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. 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.