International Money Express (NASDAQ:IMXI) Releases Quarterly Earnings Results, Misses Estimates By $0.13 EPS

International Money Express (NASDAQ:IMXI) released its earnings results on Friday. The company reported $0.40 EPS for the quarter, missing analysts’ consensus estimates of $0.53 by ($0.13), FiscalAI reports. The company had revenue of $147.41 million during the quarter, compared to analyst estimates of $162.95 million. International Money Express had a return on equity of 35.45% and a net margin of 6.26%.

International Money Express Stock Up 0.1%

Shares of IMXI stock traded up $0.02 during trading on Friday, reaching $15.79. The company’s stock had a trading volume of 611,937 shares, compared to its average volume of 296,476. The stock’s 50-day moving average price is $15.54 and its 200 day moving average price is $15.06. The company has a market capitalization of $469.26 million, a price-to-earnings ratio of 12.34 and a beta of 0.86. The company has a debt-to-equity ratio of 1.17, a current ratio of 2.03 and a quick ratio of 2.03. International Money Express has a 1-year low of $8.58 and a 1-year high of $15.81.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the business. Raymond James Financial Inc. acquired a new stake in International Money Express in the 2nd quarter valued at about $40,000. Russell Investments Group Ltd. grew its stake in International Money Express by 31.2% during the fourth quarter. Russell Investments Group Ltd. now owns 7,734 shares of the company’s stock worth $119,000 after buying an additional 1,840 shares during the period. PenderFund Capital Management Ltd. acquired a new stake in International Money Express in the 3rd quarter valued at $133,000. Mercer Global Advisors Inc. ADV purchased a new stake in shares of International Money Express during the 4th quarter valued at about $176,000. Finally, Gamco Investors INC. ET AL purchased a new position in shares of International Money Express in the third quarter valued at $168,000. 86.71% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

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

About International Money Express

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.