Equities analysts predict that International Money Express Inc (NASDAQ:IMXI) will announce $68.75 million in sales for the current quarter, according to Zacks Investment Research. Two analysts have provided estimates for International Money Express’ earnings, with the lowest sales estimate coming in at $67.00 million and the highest estimate coming in at $70.50 million. The business is scheduled to announce its next earnings report on Tuesday, June 11th.

On average, analysts expect that International Money Express will report full year sales of $325.00 million for the current financial year. For the next fiscal year, analysts anticipate that the company will post sales of $390.00 million. Zacks’ sales calculations are an average based on a survey of sell-side research analysts that cover International Money Express.

IMXI has been the topic of several research analyst reports. Craig Hallum initiated coverage on International Money Express in a research report on Monday, February 4th. They issued a “buy” rating on the stock. Zacks Investment Research downgraded International Money Express from a “buy” rating to a “hold” rating in a research report on Saturday, March 16th. Finally, Cantor Fitzgerald restated a “buy” rating and issued a $14.00 price objective on shares of International Money Express in a research report on Wednesday, March 13th. One analyst has rated the stock with a hold rating and five have issued a buy rating to the stock. International Money Express currently has an average rating of “Buy” and a consensus price target of $14.33.

Hedge funds have recently modified their holdings of the company. Tibra Equities Europe Ltd bought a new stake in shares of International Money Express in the first quarter worth about $286,000. Renaissance Technologies LLC bought a new stake in shares of International Money Express in the third quarter worth about $316,000. Northern Trust Corp increased its holdings in shares of International Money Express by 3.6% in the fourth quarter. Northern Trust Corp now owns 28,615 shares of the company’s stock worth $342,000 after purchasing an additional 996 shares during the last quarter. King Luther Capital Management Corp increased its holdings in shares of International Money Express by 20.0% in the fourth quarter. King Luther Capital Management Corp now owns 30,000 shares of the company’s stock worth $359,000 after purchasing an additional 5,000 shares during the last quarter. Finally, Marshall Wace LLP bought a new stake in shares of International Money Express in the third quarter worth about $442,000. 29.32% of the stock is currently owned by hedge funds and other institutional investors.

Shares of International Money Express stock traded up $0.08 during trading hours on Wednesday, hitting $11.99. The company’s stock had a trading volume of 97,110 shares, compared to its average volume of 107,967. International Money Express has a 12-month low of $9.06 and a 12-month high of $13.38. The company has a market capitalization of $430.93 million and a price-to-earnings ratio of -239.80. The company has a quick ratio of 2.04, a current ratio of 2.04 and a debt-to-equity ratio of 2.55.

International Money Express Company Profile

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.

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

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