International Money Express (NASDAQ:IMXI) Issues Earnings Results, Beats Expectations By $0.04 EPS

International Money Express (NASDAQ:IMXI) released its quarterly earnings data on Monday. The company reported $0.24 EPS for the quarter, topping analysts’ consensus estimates of $0.20 by $0.04, FiscalAI reports. International Money Express had a net margin of 3.35% and a return on equity of 17.01%. The firm had revenue of $126.40 million during the quarter, compared to analysts’ expectations of $130.37 million.

International Money Express Stock Performance

Shares of NASDAQ:IMXI traded up $0.23 on Monday, reaching $7.57. 1,349,369 shares of the company’s stock were exchanged, compared to its average volume of 507,969. The company has a fifty day moving average of $11.45 and a 200-day moving average of $14.04. International Money Express has a twelve month low of $6.86 and a twelve month high of $15.95. The company has a current ratio of 1.96, a quick ratio of 1.96 and a debt-to-equity ratio of 0.76. The company has a market capitalization of $228.70 million, a price-to-earnings ratio of 12.21 and a beta of 0.83.

Wall Street Analyst Weigh In

A number of research analysts recently commented on IMXI shares. Weiss Ratings lowered shares of International Money Express from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Tuesday, October 6th. Wall Street Zen upgraded shares of International Money Express from a “sell” rating to a “hold” rating in a research report on Saturday, August 15th. One equities research analyst has rated the stock with a Sell rating. According to data from MarketBeat, the company presently has a consensus rating of “Sell”.

About International Money Express

International Money Express, Inc (NASDAQ: IMXI), operating under the Intermex brand, is a financial technology company that provides international money transfer services. The company enables consumers, particularly immigrants and other underserved customers, to send funds across borders through retail agent locations and digital channels.

Intermex primarily serves money-transfer corridors from the United States and Canada to countries in Latin America, the Caribbean and other international markets.