International Money Express (IMXI) to Release Earnings on Wednesday

International Money Express (NASDAQ:IMXI) is scheduled to be posting its quarterly earnings results before the market opens on Wednesday, May 8th. Analysts expect International Money Express to post earnings of $0.35 per share for the quarter. Individual interested in registering for the company’s earnings conference call can do so using this link.

International Money Express (NASDAQ:IMXI) last posted its quarterly earnings results on Tuesday, February 27th. The company reported $0.52 earnings per share for the quarter, beating the consensus estimate of $0.48 by $0.04. International Money Express had a net margin of 9.03% and a return on equity of 42.30%. The firm had revenue of $171.78 million during the quarter, compared to the consensus estimate of $175.55 million.

International Money Express Trading Down 4.0 %

IMXI opened at $19.35 on Tuesday. International Money Express has a 1-year low of $15.76 and a 1-year high of $26.71. The company has a current ratio of 1.94, a quick ratio of 1.94 and a debt-to-equity ratio of 1.37. The company has a market cap of $652.68 million, a P/E ratio of 11.87 and a beta of 0.76. The company has a fifty day moving average price of $21.27 and a two-hundred day moving average price of $20.73.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on IMXI shares. Monness Crespi & Hardt started coverage on shares of International Money Express in a research report on Wednesday, March 20th. They set a “buy” rating and a $27.00 target price for the company. BMO Capital Markets decreased their target price on shares of International Money Express from $30.00 to $29.00 and set an “outperform” rating for the company in a research report on Wednesday, February 28th. Two analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $24.00.

Insiders Place Their Bets

In other International Money Express news, insider Joseph Aguilar sold 23,700 shares of the company’s stock in a transaction dated Friday, March 15th. The shares were sold at an average price of $21.13, for a total value of $500,781.00. Following the completion of the sale, the insider now directly owns 105,677 shares of the company’s stock, valued at approximately $2,232,955.01. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 10.50% of the stock is currently owned by insiders.

About International Money Express

International Money Express, Inc, together with its subsidiaries, operates as an omnichannel money remittance services company in the United States, Latin America, Mexico, Central and South America, the Caribbean, Africa, and Asia. The company offers remittance services, which include a suite of ancillary financial processing solutions and payment services; and online payment options, pre-paid debit cards, and direct deposit payroll cards.