International Money Express (IMXI) to Release Earnings on Friday

International Money Express (NASDAQ:IMXI) is set to announce its earnings results before the market opens on Friday, November 8th. Analysts expect the company to announce earnings of $0.54 per share for the quarter. Investors that are interested in participating in the company’s conference call can do so using this link.

International Money Express (NASDAQ:IMXI) last issued its quarterly earnings data on Wednesday, August 7th. The company reported $0.55 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.57 by ($0.02). The business had revenue of $171.53 million for the quarter, compared to the consensus estimate of $174.89 million. International Money Express had a net margin of 8.78% and a return on equity of 43.97%. The company’s revenue was up 1.4% on a year-over-year basis. During the same period in the previous year, the firm earned $0.46 EPS. On average, analysts expect International Money Express to post $2 EPS for the current fiscal year and $2 EPS for the next fiscal year.

International Money Express Price Performance

NASDAQ IMXI opened at $17.59 on Friday. The business’s fifty day moving average is $18.00 and its 200 day moving average is $19.53. International Money Express has a fifty-two week low of $15.76 and a fifty-two week high of $23.28. The company has a debt-to-equity ratio of 1.57, a quick ratio of 1.88 and a current ratio of 1.88. The company has a market capitalization of $573.57 million, a PE ratio of 10.49 and a beta of 0.81.

Wall Street Analyst Weigh In

IMXI has been the subject of several analyst reports. Northland Securities reduced their target price on shares of International Money Express from $24.00 to $23.00 and set an “outperform” rating for the company in a report on Thursday, August 8th. Oppenheimer assumed coverage on shares of International Money Express in a research note on Tuesday, October 1st. They set a “market perform” rating on the stock. Needham & Company LLC dropped their target price on shares of International Money Express from $25.00 to $22.00 and set a “buy” rating for the company in a report on Thursday, August 8th. Finally, BTIG Research reissued a “neutral” rating on shares of International Money Express in a report on Wednesday, August 7th. Two analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to MarketBeat.com, International Money Express presently has an average rating of “Moderate Buy” and an average price target of $25.40.

International Money Express Company Profile

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.