International Money Express (NASDAQ:IMXI) Issues Earnings Results, Beats Expectations By $0.04 EPS

International Money Express (NASDAQ:IMXI) issued its earnings results on Monday. The company reported $0.24 earnings per share for the quarter, topping analysts’ consensus estimates of $0.20 by $0.04, FiscalAI reports. The firm had revenue of $126.40 million during the quarter, compared to analysts’ expectations of $130.37 million. International Money Express had a net margin of 3.35% and a return on equity of 17.01%.

International Money Express Price Performance

NASDAQ IMXI opened at $7.57 on Tuesday. The stock’s 50-day moving average price is $11.31 and its two-hundred day moving average price is $14.01. The company has a current ratio of 1.96, a quick ratio of 1.96 and a debt-to-equity ratio of 0.76. The company has a market cap of $228.69 million, a PE ratio of 9.13 and a beta of 0.83. International Money Express has a 1 year low of $6.86 and a 1 year high of $15.95.

Analyst Ratings Changes

Several research firms have recently weighed in on IMXI. Wall Street Zen raised International Money Express from a “sell” rating to a “hold” rating in a research note on Saturday, August 15th. Weiss Ratings cut International Money Express from a “hold (c-)” rating to a “sell (d+)” rating in a report on Tuesday, October 6th. One investment analyst has rated the stock with a Sell rating. Based on data from MarketBeat.com, International Money Express has an average rating of “Sell”.

International Money Express Company Profile

International Money Express, Inc (NASDAQ: IMXI), operating under the Intermex brand, is a financial technology company that provides international money transfer services. The company enables consumers, particularly immigrants and other underserved customers, to send funds across borders through retail agent locations and digital channels.

Intermex primarily serves money-transfer corridors from the United States and Canada to countries in Latin America, the Caribbean and other international markets.