$0.12 EPS Expected for International Money Express Inc (IMXI) This Quarter

Brokerages forecast that International Money Express Inc (NASDAQ:IMXI) will announce earnings of $0.12 per share for the current fiscal quarter, Zacks reports. Two analysts have issued estimates for International Money Express’ earnings, with the lowest EPS estimate coming in at $0.10 and the highest estimate coming in at $0.14. The firm is scheduled to announce its next quarterly earnings results on Tuesday, June 11th.

According to Zacks, analysts expect that International Money Express will report full year earnings of $0.62 per share for the current financial year, with EPS estimates ranging from $0.42 to $0.77. For the next year, analysts forecast that the firm will post earnings of $0.88 per share. Zacks’ EPS averages are an average based on a survey of research analysts that cover International Money Express.

Several research analysts have recently commented on the company. Zacks Investment Research lowered International Money Express from a “buy” rating to a “hold” rating in a research report on Saturday, March 16th. Craig Hallum assumed coverage on International Money Express in a research report on Monday, February 4th. They issued a “buy” rating for the company. Finally, Cantor Fitzgerald reissued a “buy” rating and issued a $14.00 price target on shares of International Money Express in a research report on Wednesday, March 13th. One equities research analyst has rated the stock with a hold rating and five have issued a buy rating to the stock. International Money Express presently has an average rating of “Buy” and a consensus target price of $14.33.

Several institutional investors and hedge funds have recently added to or reduced their stakes in IMXI. Tibra Equities Europe Ltd bought a new position in shares of International Money Express in the 1st quarter worth $286,000. Renaissance Technologies LLC acquired a new position in International Money Express during the 3rd quarter valued at about $316,000. Northern Trust Corp increased its position in International Money Express by 3.6% during the 4th quarter. Northern Trust Corp now owns 28,615 shares of the company’s stock valued at $342,000 after buying an additional 996 shares in the last quarter. King Luther Capital Management Corp increased its position in International Money Express by 20.0% during the 4th quarter. King Luther Capital Management Corp now owns 30,000 shares of the company’s stock valued at $359,000 after buying an additional 5,000 shares in the last quarter. Finally, Marshall Wace LLP acquired a new position in International Money Express during the 3rd quarter valued at about $442,000. 29.32% of the stock is owned by hedge funds and other institutional investors.

IMXI traded up $0.06 during trading hours on Monday, reaching $11.91. 35,231 shares of the company’s stock traded hands, compared to its average volume of 72,037. International Money Express has a 52-week low of $9.06 and a 52-week high of $13.38. The company has a quick ratio of 2.04, a current ratio of 2.04 and a debt-to-equity ratio of 2.55. The stock has a market cap of $430.90 million and a P/E ratio of -238.20.

International Money Express Company Profile

International Money Express, Inc operates as a money remittance services company in the United States, Latin America, Mexico, Central and South America, and the Caribbean. The company offers remittance services, including a suite of ancillary financial processing solutions and payment services. It provides sending and paying agents and company-owned stores, as well as online and through Internet-enabled mobile devices.

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Earnings History and Estimates for International Money Express (NASDAQ:IMXI)

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