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

International Money Express (NASDAQ:IMXI) released its quarterly earnings data on Monday. The company reported $0.24 EPS for the quarter, beating the consensus estimate of $0.20 by $0.04, FiscalAI reports. The business had revenue of $126.40 million for the quarter, compared to the consensus estimate 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 traded up $0.23 during trading hours on Monday, hitting $7.57. The company had a trading volume of 1,349,369 shares, compared to its average volume of 507,962. International Money Express has a 52 week low of $6.86 and a 52 week high of $15.95. The firm has a 50 day simple moving average of $11.45 and a 200 day simple moving average of $14.04. The company has a debt-to-equity ratio of 0.76, a quick ratio of 1.96 and a current ratio of 1.96. The firm has a market capitalization of $228.70 million, a price-to-earnings ratio of 12.21 and a beta of 0.83.

Analyst Upgrades and Downgrades

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