Equities research analysts expect that International Money Express Inc (NASDAQ:IMXI) will post earnings per share (EPS) of $0.12 for the current fiscal quarter, according to Zacks. Two analysts have issued estimates for International Money Express’ earnings, with estimates ranging from $0.10 to $0.14. The business is scheduled to announce its next 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 year, with EPS estimates ranging from $0.42 to $0.77. For the next financial year, analysts expect that the firm will report earnings of $0.88 per share. Zacks’ earnings per share averages are an average based on a survey of research analysts that that provide coverage for International Money Express.
IMXI has been the topic of several recent analyst reports. Craig Hallum initiated coverage on International Money Express in a research report on Monday, February 4th. They set a “buy” rating on the stock. Cantor Fitzgerald reaffirmed a “buy” rating and set a $15.00 target price on shares of International Money Express in a research report on Sunday, December 16th. Piper Jaffray Companies initiated coverage on International Money Express in a research report on Thursday, December 6th. They set an “overweight” rating on the stock. Finally, Zacks Investment Research lowered International Money Express from a “buy” rating to a “hold” rating in a research report on Thursday, January 10th. One research analyst has rated the stock with a hold rating and five have issued a buy rating to the company. The company currently has an average rating of “Buy” and an average target price of $14.33.
Shares of NASDAQ IMXI opened at $10.94 on Friday. The company has a debt-to-equity ratio of 2.75, a current ratio of 1.56 and a quick ratio of 1.56. The firm has a market cap of $391.49 million and a P/E ratio of -218.80. International Money Express has a 1-year low of $9.06 and a 1-year high of $13.38.
A number of large investors have recently made changes to their positions in IMXI. Granite Point Capital Management L.P. acquired a new position in International Money Express during the 3rd quarter valued at about $4,808,000. Nantahala Capital Management LLC increased its position in International Money Express by 22.1% during the 4th quarter. Nantahala Capital Management LLC now owns 2,173,556 shares of the company’s stock valued at $25,996,000 after buying an additional 392,858 shares in the last quarter. Monashee Investment Management LLC acquired a new position in shares of International Money Express in the third quarter valued at about $2,039,000. Southside Capital LLC acquired a new position in shares of International Money Express in the fourth quarter valued at about $1,083,000. Finally, Vanguard Group Inc acquired a new position in shares of International Money Express in the third quarter valued at about $923,000. 29.25% of the stock is currently owned by institutional investors.
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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