International Money Express (NASDAQ:IMXI) Posts Quarterly Earnings Results, Misses Expectations By $0.12 EPS

International Money Express (NASDAQ:IMXI) announced its quarterly earnings data on Friday. The company reported $0.41 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.53 by ($0.12), reports. The company had revenue of $147.41 million for the quarter, compared to analysts’ expectations of $162.95 million. International Money Express had a net margin of 6.26% and a return on equity of 35.45%.

International Money Express Trading Up 0.1%

Shares of IMXI stock opened at $15.79 on Friday. The company has a quick ratio of 2.03, a current ratio of 2.03 and a debt-to-equity ratio of 1.17. International Money Express has a fifty-two week low of $8.58 and a fifty-two week high of $15.81. The firm’s 50 day moving average price is $15.54 and its two-hundred day moving average price is $15.08. The stock has a market cap of $469.28 million, a price-to-earnings ratio of 14.62 and a beta of 0.86.

Analyst Ratings Changes

Separately, Weiss Ratings upgraded International Money Express from a “sell (d+)” rating to a “hold (c-)” rating in a report on Wednesday. One equities research analyst has rated the stock with a Buy rating and five have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, International Money Express has a consensus rating of “Hold” and an average target price of $14.33.

Hedge Funds Weigh In On International Money Express

Hedge funds have recently made changes to their positions in the business. Creative Planning purchased a new stake in International Money Express during the 2nd quarter worth $272,000. Norges Bank purchased a new position in International Money Express in the second quarter valued at about $1,124,000. Quantbot Technologies LP raised its position in International Money Express by 35.5% in the second quarter. Quantbot Technologies LP now owns 32,423 shares of the company’s stock valued at $327,000 after purchasing an additional 8,487 shares during the period. Arrowstreet Capital Limited Partnership lifted its stake in shares of International Money Express by 2.6% during the second quarter. Arrowstreet Capital Limited Partnership now owns 287,744 shares of the company’s stock worth $2,903,000 after purchasing an additional 7,256 shares in the last quarter. Finally, First Trust Advisors LP lifted its stake in shares of International Money Express by 2.1% during the second quarter. First Trust Advisors LP now owns 93,410 shares of the company’s stock worth $943,000 after purchasing an additional 1,881 shares in the last quarter. Hedge funds and other institutional investors own 86.71% of the company’s stock.

International Money Express Company Profile

International Money Express, Inc (NASDAQ: IMXI) is a U.S.-based financial services company specializing in cross-border money transfers and digital payment solutions. Through its proprietary IMX platform, the company enables person-to-person transfers, bill payments and cash disbursement services. Its digital offerings include a mobile app and web portal that allow customers to send funds securely to relatives and businesses in multiple countries.

The company operates a network of thousands of agent locations across key remittance corridors in Latin America, the Caribbean and parts of the Asia-Pacific region.