Wall Street analysts expect International Money Express, Inc. (NASDAQ:IMXI) to report revenue of $120.50 million for the current quarter, according to Zacks. Two analysts made estimates of the profits of International Money Express. International Money Express recorded sales of $99.30 million in the same quarter last year, suggesting a positive growth rate of 21.3% year-on-year. The company is expected to release its next quarterly earnings report on Wednesday, March 9.
On average, analysts expect International Money Express to record annual sales of $452.50 million in the current fiscal year. For the next fiscal year, analysts expect the company to record sales of $504.40 million, with estimates ranging from $500.90 million to $507.90 million. Zacks Investment Research sales averages are an average based on a survey of research analysts who provide coverage for International Money Express.
International Money Express (NASDAQ:IMXI) last released its quarterly earnings data on Wednesday, November 3. The company reported earnings per share (EPS) of $0.37 for the quarter, beating the consensus estimate of $0.35 by $0.02. International Money Express achieved a return on equity of 44.08% and a net margin of 10.05%. The company posted revenue of $120.71 million in the quarter, compared to analyst estimates of $116.20 million.
Several brokerages have recently commented on IMXI. Zacks Investment Research upgraded International Money Express from a “sell” rating to a “hold” rating in a Wednesday, Jan. 5, report. BMO Capital Markets reiterated a “buy” rating and issued a price target of $24.00 on shares of International Money Express in a Monday, Nov. 8 report. Finally, Credit Suisse Group raised its price target on International Money Express from $18.50 to $19.00 and gave the company a “neutral” rating in a Thursday, Nov. 4 research note. Two equity research analysts gave the stock a hold rating and two gave the company a buy rating. Based on MarketBeat data, International Money Express currently has an average rating of “Buy” and a consensus target price of $21.00.
In other news, Director Michael J. Purcell acquired 7,000 shares of International Money Express in a deal that took place on Thursday, November 18. The shares were acquired at an average price of $15.07 per share, for a total transaction of $105,490.00. The acquisition was disclosed in a legal filing with the SEC, accessible via this hyperlink. Additionally, CEO Robert Lisy sold 5,531 shares of the company in a trade on Monday, December 20. The stock was sold at an average price of $15.50, for a total value of $85,730.50. The disclosure of this sale can be found here. Insiders sold a total of 73,216 shares of the company valued at $1,182,809 over the past three months. 16.00% of the shares are held by insiders.
A number of hedge funds have recently changed their stock holdings. UBS Asset Management Americas Inc. acquired a new stake in International Money Express during the 3rd quarter for a value of $174,000. Bank of New York Mellon Corp increased its position in shares of International Money Express by 8.4% in the third quarter. Bank of New York Mellon Corp now owns 123,421 shares of the company valued at $2,061,000 after buying 9,586 additional shares in the last quarter. BNP Paribas Arbitrage SA increased its position in International Money Express shares by 485.4% in the third quarter. BNP Paribas Arbitrage SA now owns 7,698 shares in the company valued at $129,000 after purchasing an additional 6,383 shares in the last quarter. Voss Capital LLC increased its position in International Money Express shares by 31.1% in the third quarter. Voss Capital LLC now owns 1,005,000 shares of the company valued at $16,783,000 after purchasing an additional 238,533 shares in the last quarter. Finally, Two Sigma Advisers LP purchased a new stake in International Money Express stock in Q3 valued at approximately $1,870,000. Institutional investors and hedge funds hold 79.36% of the company’s shares.
IMXI shares opened at $16.69 on Friday. The stock’s fifty-day moving average is $15.91 and its 200-day moving average is $16.38. The company has a debt ratio of 0.61, a quick ratio of 2.33 and a current ratio of 2.33. The stock has a market capitalization of $644.40 million, a PE ratio of 15.04 and a beta of 0.54. International Money Express has a 52 week minimum of $13.14 and a 52 week maximum of $18.96.
International Money Express Company Profile
International Money Express, Inc provides money transfer services. It offers online money transfer, in-person bank transfer, check processing, prepaid debit cards, bill payment, and wire transfers. The company was founded in 1994 and is based in Miami, Florida.
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