Analysts forecast that International Money Express, Inc. (NASDAQ:IMXI) will announce earnings per share (EPS) of $0.27 for the current fiscal quarter, Zacks Investment Research reports. Two analysts have issued estimates for International Money Express’ earnings. International Money Express reported earnings of $0.20 per share in the same quarter last year, which indicates a positive year over year growth rate of 35%. The business is expected to issue its next quarterly earnings report on Monday, March 8th.

According to Zacks, analysts expect that International Money Express will report full year earnings of $1.07 per share for the current fiscal year, with EPS estimates ranging from $1.04 to $1.09. For the next financial year, analysts anticipate that the firm will post earnings of $1.18 per share, with EPS estimates ranging from $1.17 to $1.18. Zacks Investment Research’s EPS averages are an average based on a survey of sell-side research analysts that follow International Money Express.

International Money Express (NASDAQ:IMXI) last posted its quarterly earnings data on Wednesday, November 4th. The company reported $0.30 earnings per share (EPS) for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.30. The business had revenue of $95.59 million for the quarter, compared to the consensus estimate of $89.55 million. International Money Express had a net margin of 8.65% and a return on equity of 52.83%.

A number of equities research analysts have recently commented on the stock. BMO Capital Markets increased their target price on shares of International Money Express from $15.00 to $17.00 and gave the company a “market perform” rating in a research report on Thursday, November 5th. Zacks Investment Research downgraded International Money Express from a “buy” rating to a “hold” rating in a research note on Tuesday, November 10th. ValuEngine downgraded International Money Express from a “hold” rating to a “sell” rating in a research note on Monday, October 19th. BidaskClub downgraded International Money Express from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, December 22nd. Finally, Credit Suisse Group raised their price target on International Money Express from $16.00 to $18.00 and gave the stock a “neutral” rating in a research note on Thursday, November 5th. One analyst has rated the stock with a sell rating, four have assigned a hold rating and five have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus target price of $18.00.

In other news, CEO Robert Lisy sold 125,000 shares of International Money Express stock in a transaction that occurred on Wednesday, November 4th. The stock was sold at an average price of $12.76, for a total transaction of $1,595,000.00. Also, Director Adam P. Godfrey sold 613,750 shares of International Money Express stock in a transaction that occurred on Tuesday, November 3rd. The stock was sold at an average price of $12.76, for a total value of $7,831,450.00. The disclosure for this sale can be found here. Insiders sold a total of 862,222 shares of company stock worth $11,443,902 over the last three months. 32.40% of the stock is owned by company insiders.

Institutional investors and hedge funds have recently modified their holdings of the business. Denali Advisors LLC acquired a new position in shares of International Money Express during the third quarter worth about $73,000. BNP Paribas Arbitrage SA increased its stake in shares of International Money Express by 887.7% during the third quarter. BNP Paribas Arbitrage SA now owns 5,482 shares of the company’s stock valued at $79,000 after purchasing an additional 4,927 shares in the last quarter. JPMorgan Chase & Co. increased its position in shares of International Money Express by 96.0% during the third quarter. JPMorgan Chase & Co. now owns 8,813 shares of the company’s stock valued at $139,000 after acquiring an additional 4,316 shares in the last quarter. The Manufacturers Life Insurance Company bought a new stake in shares of International Money Express during the third quarter valued at approximately $174,000. Finally, O Shaughnessy Asset Management LLC boosted its holdings in International Money Express by 6,015.2% in the third quarter. O Shaughnessy Asset Management LLC now owns 12,475 shares of the company’s stock worth $180,000 after purchasing an additional 12,271 shares during the last quarter. Hedge funds and other institutional investors own 52.37% of the company’s stock.

Shares of NASDAQ IMXI opened at $15.89 on Thursday. The firm has a 50-day simple moving average of $15.99 and a 200-day simple moving average of $15.36. The stock has a market capitalization of $604.98 million, a price-to-earnings ratio of 20.37 and a beta of 0.46. The company has a quick ratio of 2.03, a current ratio of 2.03 and a debt-to-equity ratio of 1.00. International Money Express has a 52 week low of $6.46 and a 52 week high of $18.69.

About International Money Express

International Money Express, Inc, through its subsidiary, operates as a money remittance services company in the United States, Latin America, Mexico, Africa, Central and South America, and the Caribbean. 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.

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