Wall Street brokerages expect International Money Express Inc (NASDAQ:IMXI) to post sales of $81.60 million for the current fiscal quarter, Zacks reports. Two analysts have provided estimates for International Money Express’ earnings, with the lowest sales estimate coming in at $81.20 million and the highest estimate coming in at $82.00 million. The company is expected to announce its next quarterly earnings report on Tuesday, August 13th.
On average, analysts expect that International Money Express will report full-year sales of $325.50 million for the current financial year, with estimates ranging from $325.00 million to $326.00 million. For the next financial year, analysts anticipate that the company will post sales of $390.00 million. Zacks Investment Research’s sales calculations are a mean average based on a survey of analysts that cover International Money Express.
International Money Express (NASDAQ:IMXI) last announced its earnings results on Tuesday, March 12th. The company reported $0.13 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.16 by ($0.03). The company had revenue of $75.06 million during the quarter, compared to analysts’ expectations of $71.15 million.
A number of analysts recently issued reports on the company. ValuEngine raised International Money Express from a “hold” rating to a “buy” rating in a research report on Thursday, May 23rd. Northland Securities reissued a “buy” rating and issued a $15.00 target price on shares of International Money Express in a research report on Wednesday, May 15th. Zacks Investment Research cut International Money Express from a “buy” rating to a “hold” rating in a research report on Saturday, March 16th. Craig Hallum initiated coverage on International Money Express in a research report on Monday, February 4th. They set a “buy” rating for the company. Finally, Cantor Fitzgerald reaffirmed a “buy” rating and set a $14.00 price objective on shares of International Money Express in a research report on Wednesday, March 13th. One equities research analyst has rated the stock with a hold rating and seven have issued a buy rating to the company. International Money Express has a consensus rating of “Buy” and an average target price of $14.50.
Shares of NASDAQ IMXI opened at $13.60 on Friday. The stock has a market capitalization of $515.32 million and a P/E ratio of -272.00. The company has a quick ratio of 1.47, a current ratio of 1.47 and a debt-to-equity ratio of 2.05. International Money Express has a 52-week low of $9.06 and a 52-week high of $14.15.
A number of institutional investors have recently bought and sold shares of the business. Nantahala Capital Management LLC lifted 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 worth $25,996,000 after acquiring an additional 392,858 shares during the period. Summit Partners Public Asset Management LLC lifted its holdings in shares of International Money Express by 1.8% in the 4th quarter. Summit Partners Public Asset Management LLC now owns 1,526,032 shares of the company’s stock valued at $18,131,000 after buying an additional 26,903 shares during the period. HCSF Management LLC lifted its holdings in shares of International Money Express by 9.6% in the 1st quarter. HCSF Management LLC now owns 1,222,155 shares of the company’s stock valued at $14,250,000 after buying an additional 106,939 shares during the period. BlueCrest Capital Management Ltd lifted its holdings in shares of International Money Express by 102.6% in the 1st quarter. BlueCrest Capital Management Ltd now owns 510,489 shares of the company’s stock valued at $5,952,000 after buying an additional 258,512 shares during the period. Finally, Monashee Investment Management LLC lifted its holdings in shares of International Money Express by 27.1% in the 4th quarter. Monashee Investment Management LLC now owns 215,544 shares of the company’s stock valued at $2,578,000 after buying an additional 45,898 shares during the period. 31.57% of the stock is owned by institutional investors.
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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