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

International Money Express (NASDAQ:IMXI) posted its quarterly earnings results on Monday. The company reported $0.23 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.35 by ($0.12), FiscalAI reports. International Money Express had a net margin of 4.34% and a return on equity of 23.26%. The company had revenue of $131.16 million during the quarter, compared to analysts’ expectations of $143.59 million.

International Money Express Stock Down 3.0%

Shares of NASDAQ:IMXI opened at $11.82 on Tuesday. The company has a market capitalization of $355.66 million, a price-to-earnings ratio of 13.91 and a beta of 0.76. International Money Express has a 12-month low of $11.15 and a 12-month high of $15.95. The business has a 50-day moving average price of $13.87 and a 200 day moving average price of $15.03. The company has a current ratio of 2.84, a quick ratio of 2.84 and a debt-to-equity ratio of 1.57.

Analyst Ratings Changes

A number of equities analysts have weighed in on IMXI shares. Weiss Ratings reissued a “sell (d+)” rating on shares of International Money Express in a research note on Friday. Wall Street Zen cut shares of International Money Express from a “hold” rating to a “sell” rating in a research report on Saturday, July 4th. One investment analyst has rated the stock with a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Reduce”.

Hedge Funds Weigh In On International Money Express

Several large investors have recently made changes to their positions in IMXI. Russell Investments Group Ltd. increased its holdings in International Money Express by 31.2% in the 4th quarter. Russell Investments Group Ltd. now owns 7,734 shares of the company’s stock valued at $119,000 after purchasing an additional 1,840 shares during the last quarter. First Trust Advisors LP boosted its position 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 buying an additional 1,881 shares during the period. Price T Rowe Associates Inc. MD boosted its position in shares of International Money Express by 14.0% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 16,949 shares of the company’s stock worth $261,000 after buying an additional 2,083 shares during the period. Water Island Capital LLC grew its stake in shares of International Money Express by 2.7% in the fourth quarter. Water Island Capital LLC now owns 88,476 shares of the company’s stock valued at $1,359,000 after buying an additional 2,301 shares in the last quarter. Finally, Raymond James Financial Inc. acquired a new stake in shares of International Money Express in the second quarter valued at $40,000. 86.71% of the stock is currently owned by institutional investors and hedge funds.

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.