$84.80 Million in Sales Expected for International Money Express Inc (NASDAQ:IMXI) This Quarter

Brokerages expect International Money Express Inc (NASDAQ:IMXI) to post sales of $84.80 million for the current fiscal quarter, Zacks Investment Research reports. Two analysts have made estimates for International Money Express’ earnings. The highest sales estimate is $85.00 million and the lowest is $84.60 million. International Money Express posted sales of $72.51 million in the same quarter last year, which would indicate a positive year-over-year growth rate of 16.9%. The business is scheduled to issue its next quarterly earnings report on Tuesday, November 12th.

According to Zacks, analysts expect that International Money Express will report full-year sales of $325.75 million for the current financial year, with estimates ranging from $325.50 million to $326.00 million. For the next financial year, analysts expect that the company will report sales of $384.60 million, with estimates ranging from $380.20 million to $389.00 million. Zacks Investment Research’s sales calculations are an average based on a survey of sell-side research firms that that provide coverage for International Money Express.

International Money Express (NASDAQ:IMXI) last posted its earnings results on Tuesday, May 14th. The company reported $0.09 EPS for the quarter, missing analysts’ consensus estimates of $0.12 by ($0.03). International Money Express had a return on equity of 24.08% and a net margin of 0.56%. The company had revenue of $68.35 million during the quarter, compared to the consensus estimate of $68.75 million.

A number of equities research analysts have commented on the stock. BTIG Research reaffirmed a “buy” rating and issued a $20.00 target price on shares of International Money Express in a research report on Monday. ValuEngine downgraded shares of International Money Express from a “buy” rating to a “hold” rating in a research report on Thursday, August 1st. Zacks Investment Research raised shares of International Money Express from a “sell” rating to a “hold” rating in a research report on Thursday, May 23rd. Finally, Northland Securities reaffirmed a “buy” rating and issued a $17.00 target price on shares of International Money Express in a research report on Friday, August 9th. Two investment analysts have rated the stock with a hold rating and five have given a buy rating to the company. The stock currently has an average rating of “Buy” and a consensus price target of $16.00.

NASDAQ:IMXI traded up $0.19 during trading hours on Friday, reaching $14.30. The company had a trading volume of 190,700 shares, compared to its average volume of 112,141. The company has a current ratio of 1.71, a quick ratio of 1.47 and a debt-to-equity ratio of 2.81. International Money Express has a 52 week low of $9.06 and a 52 week high of $15.11. The firm has a market cap of $550.37 million, a price-to-earnings ratio of -286.00 and a beta of -0.31. The firm’s 50 day moving average price is $14.17 and its 200-day moving average price is $12.63.

Several institutional investors have recently modified their holdings of the company. Susquehanna International Group LLP purchased a new position in shares of International Money Express during the 2nd quarter worth $195,000. Citadel Advisors LLC boosted its stake in shares of International Money Express by 163.5% during the 2nd quarter. Citadel Advisors LLC now owns 39,937 shares of the company’s stock worth $563,000 after acquiring an additional 24,781 shares during the last quarter. Morgan Stanley boosted its stake in shares of International Money Express by 356.4% during the 2nd quarter. Morgan Stanley now owns 97,289 shares of the company’s stock worth $1,371,000 after acquiring an additional 75,972 shares during the last quarter. Northern Right Capital Management L.P. purchased a new position in shares of International Money Express during the 2nd quarter worth $3,373,000. Finally, Vanguard Group Inc. boosted its stake in shares of International Money Express by 61.7% during the 2nd quarter. Vanguard Group Inc. now owns 783,604 shares of the company’s stock worth $11,049,000 after acquiring an additional 298,987 shares during the last quarter. Institutional investors and hedge funds own 31.68% of the company’s stock.

About International Money Express

International Money Express, Inc, through its subsidiary, 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.

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Earnings History and Estimates for International Money Express (NASDAQ:IMXI)

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