International Money Express (NASDAQ:IMXI) Releases Quarterly Earnings Results, Misses Estimates By $0.22 EPS

International Money Express (NASDAQ:IMXI) issued its quarterly earnings data on Monday. The company reported $0.32 EPS for the quarter, missing the consensus estimate of $0.54 by ($0.22), Zacks reports. International Money Express had a return on equity of 42.08% and a net margin of 8.01%.

International Money Express Price Performance

IMXI traded up $0.03 during trading on Monday, reaching $15.17. 164,355 shares of the company traded hands, compared to its average volume of 427,898. The company has a market cap of $450.85 million, a P/E ratio of 9.25 and a beta of 0.91. The company has a debt-to-equity ratio of 1.13, a quick ratio of 1.63 and a current ratio of 1.63. International Money Express has a 12-month low of $8.58 and a 12-month high of $22.37. The firm has a fifty day simple moving average of $14.57 and a 200 day simple moving average of $12.42.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on IMXI shares. Zacks Research upgraded International Money Express from a “strong sell” rating to a “hold” rating in a research note on Friday, October 10th. Northland Capmk lowered shares of International Money Express from a “strong-buy” rating to a “hold” rating in a research report on Monday, August 11th. Wall Street Zen upgraded shares of International Money Express from a “hold” rating to a “buy” rating in a research report on Saturday, August 16th. Finally, Weiss Ratings raised shares of International Money Express from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Wednesday, October 8th. Two research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company’s stock. According to MarketBeat, International Money Express has an average rating of “Hold” and an average price target of $17.50.

Institutional Trading of International Money Express

A number of institutional investors and hedge funds have recently bought and sold shares of IMXI. Marshall Wace LLP increased its holdings in shares of International Money Express by 50.3% in the second quarter. Marshall Wace LLP now owns 318,672 shares of the company’s stock worth $3,215,000 after purchasing an additional 106,585 shares during the last quarter. Arrowstreet Capital Limited Partnership raised its holdings in International Money Express by 2.6% during the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 287,744 shares of the company’s stock valued at $2,903,000 after buying an additional 7,256 shares during the period. Qube Research & Technologies Ltd lifted its holdings in shares of International Money Express by 1,007.0% in the 2nd quarter. Qube Research & Technologies Ltd now owns 206,203 shares of the company’s stock worth $2,081,000 after acquiring an additional 187,576 shares during the last quarter. Jane Street Group LLC raised its position in International Money Express by 280.6% in the 2nd quarter. Jane Street Group LLC now owns 187,095 shares of the company’s stock worth $1,888,000 after purchasing an additional 137,938 shares during the period. Finally, Norges Bank bought a new stake in International Money Express in the second quarter worth about $1,124,000. 86.71% of the stock is currently owned by institutional investors.

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.