Brokerages Anticipate International Money Express Inc (IMXI) to Post $0.16 Earnings Per Share

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International Money Express Inc (NASDAQ:IMXI) has received an average broker rating score of 1.00 (Strong Buy) from the four brokers that provide coverage for the company, Zacks Investment Research reports. Four investment analysts have rated the stock with a strong buy rating.

Brokerages have set a 1-year consensus price target of $15.75 for the company and are forecasting that the company will post $0.16 EPS for the current quarter, according to Zacks. Zacks has also assigned International Money Express an industry rank of 164 out of 256 based on the ratings given to related companies.

Several brokerages have commented on IMXI. Zacks Investment Research downgraded shares of International Money Express from a “buy” rating to a “hold” rating in a report on Thursday, January 10th. Cantor Fitzgerald began coverage on shares of International Money Express in a report on Thursday, October 11th. They issued an “overweight” rating for the company. Finally, Piper Jaffray Companies began coverage on shares of International Money Express in a report on Thursday, December 6th. They issued an “overweight” rating for the company.

A number of large investors have recently made changes to their positions in the business. Granite Point Capital Management L.P. bought a new position in International Money Express in the 3rd quarter valued at $4,808,000. Monashee Investment Management LLC bought a new stake in shares of International Money Express during the 3rd quarter worth $2,039,000. Vanguard Group Inc bought a new stake in shares of International Money Express during the 3rd quarter worth $923,000. Vanguard Group Inc. bought a new stake in shares of International Money Express during the 3rd quarter worth $923,000. Finally, Marshall Wace LLP bought a new stake in shares of International Money Express during the 3rd quarter worth $442,000. 25.17% of the stock is owned by hedge funds and other institutional investors.

IMXI traded up $0.10 on Thursday, hitting $11.50. The company’s stock had a trading volume of 110,100 shares, compared to its average volume of 58,790. International Money Express has a 12 month low of $9.06 and a 12 month high of $13.38. The company has a quick ratio of 1.56, a current ratio of 1.56 and a debt-to-equity ratio of 2.75.

International Money Express (NASDAQ:IMXI) last announced its quarterly earnings results on Tuesday, November 13th. The company reported ($0.23) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.02) by ($0.21). The business had revenue of $72.51 million for the quarter, compared to analysts’ expectations of $67.60 million. As a group, equities analysts forecast that International Money Express will post 0.66 earnings per share for the current fiscal year.

About International Money Express

International Money Express, Inc 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. It provides sending and paying agents and company-owned stores, as well as online and through Internet-enabled mobile devices.

Further Reading: Leveraged Buyout (LBO)

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