International Money Express (NASDAQ:IMXI) Posts Earnings Results

International Money Express (NASDAQ:IMXI) issued its quarterly earnings results on Monday. The company reported $0.23 earnings per share (EPS) for the quarter, missing the consensus estimate 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 the consensus estimate of $143.59 million.

International Money Express Price Performance

Shares of IMXI stock traded down $0.37 on Monday, hitting $11.82. 588,417 shares of the company’s stock were exchanged, compared to its average volume of 427,726. International Money Express has a 12 month low of $11.15 and a 12 month high of $15.95. The company has a debt-to-equity ratio of 1.57, a current ratio of 2.84 and a quick ratio of 2.84. The company has a 50 day moving average of $13.94 and a 200 day moving average of $15.05. The stock has a market cap of $355.66 million, a P/E ratio of 13.91 and a beta of 0.76.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of IMXI. Creative Planning acquired a new position in International Money Express in the 2nd quarter worth about $272,000. Norges Bank acquired a new stake in shares of International Money Express during the second quarter valued at about $1,124,000. Quantbot Technologies LP grew its holdings in shares of International Money Express by 35.5% during the second quarter. Quantbot Technologies LP now owns 32,423 shares of the company’s stock worth $327,000 after purchasing an additional 8,487 shares during the last quarter. Arrowstreet Capital Limited Partnership grew its stake in shares of International Money Express by 2.6% in 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 during the last quarter. Finally, First Trust Advisors LP increased its holdings in International Money Express by 2.1% in the second quarter. First Trust Advisors LP now owns 93,410 shares of the company’s stock valued at $943,000 after purchasing an additional 1,881 shares during the period. 86.71% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on IMXI shares. Weiss Ratings downgraded shares of International Money Express from a “hold (c)” rating to a “sell (d+)” rating in a research note on Tuesday, May 12th. Wall Street Zen lowered shares of International Money Express from a “hold” rating to a “sell” rating in a research report on Saturday, July 4th. Two equities research analysts have rated the stock with a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the company has an average rating of “Reduce”.

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.