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

International Money Express (NASDAQ:IMXI) posted its quarterly earnings results on Monday. The company reported $0.13 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.35 by ($0.22), FiscalAI reports. The firm had revenue of $121.95 million during the quarter, compared to the consensus estimate of $141.02 million. International Money Express had a net margin of 5.38% and a return on equity of 29.00%.

International Money Express Trading Up 0.2%

NASDAQ:IMXI traded up $0.03 during mid-day trading on Monday, hitting $15.90. The company had a trading volume of 64,797 shares, compared to its average volume of 327,905. International Money Express has a fifty-two week low of $8.58 and a fifty-two week high of $15.95. The business’s fifty day moving average is $15.83 and its two-hundred day moving average is $15.49. The company has a debt-to-equity ratio of 1.31, a quick ratio of 2.51 and a current ratio of 2.51. The firm has a market cap of $478.28 million, a P/E ratio of 14.72 and a beta of 0.78.

Hedge Funds Weigh In On International Money Express

Several hedge funds have recently added to or reduced their stakes in IMXI. Alliancebernstein L.P. lifted its stake in International Money Express by 6,041.0% in the third quarter. Alliancebernstein L.P. now owns 2,060,904 shares of the company’s stock valued at $28,791,000 after buying an additional 2,027,344 shares during the period. Fort Baker Capital Management LP acquired a new stake in shares of International Money Express during the fourth quarter worth about $14,616,000. Man Group plc raised its position in shares of International Money Express by 103.4% during the fourth quarter. Man Group plc now owns 1,153,023 shares of the company’s stock worth $17,710,000 after purchasing an additional 586,044 shares during the period. Marshall Wace LLP raised its position in shares of International Money Express by 1,025.8% during the fourth quarter. Marshall Wace LLP now owns 401,500 shares of the company’s stock worth $6,167,000 after purchasing an additional 365,836 shares during the period. Finally, Alberta Investment Management Corp acquired a new stake in shares of International Money Express during the fourth quarter worth about $5,155,000. Institutional investors and hedge funds own 86.71% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on IMXI shares. Weiss Ratings upgraded International Money Express from a “sell (d+)” rating to a “hold (c-)” rating in a report on Wednesday, March 4th. Wall Street Zen upgraded International Money Express to a “hold” rating in a report on Saturday, April 18th. Three equities research analysts have rated the stock with a Hold rating, According to data from MarketBeat, the stock currently has a consensus rating of “Hold”.

About International Money Express

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.