$133.10 Million in Sales Expected for International Money Express, Inc. (NASDAQ:IMXI) This Quarter

Equities research analysts expect that International Money Express, Inc. (NASDAQ:IMXIGet Rating) will report sales of $133.10 million for the current fiscal quarter, Zacks Investment Research reports. Two analysts have issued estimates for International Money Express’ earnings. The highest sales estimate is $134.20 million and the lowest is $132.00 million. International Money Express reported sales of $116.75 million during the same quarter last year, which would suggest a positive year-over-year growth rate of 14%. The firm is scheduled to issue its next earnings report on Monday, January 1st.

On average, analysts expect that International Money Express will report full year sales of $541.60 million for the current fiscal year, with estimates ranging from $541.50 million to $541.70 million. For the next fiscal year, analysts anticipate that the business will report sales of $622.50 million. Zacks’ sales calculations are a mean average based on a survey of analysts that that provide coverage for International Money Express.

International Money Express (NASDAQ:IMXIGet Rating) last announced its quarterly earnings results on Monday, March 7th. The company reported $0.38 earnings per share (EPS) for the quarter. International Money Express had a net margin of 10.33% and a return on equity of 41.13%. The business had revenue of $127.18 million during the quarter, compared to the consensus estimate of $120.50 million. During the same quarter last year, the firm posted $0.27 EPS.

IMXI has been the topic of several research analyst reports. JMP Securities lifted their target price on International Money Express from $20.00 to $24.00 and gave the company a “market outperform” rating in a research note on Tuesday, March 8th. Zacks Investment Research upgraded International Money Express from a “sell” rating to a “buy” rating and set a $22.00 price objective for the company in a research note on Friday, May 13th. Credit Suisse Group increased their target price on International Money Express from $19.00 to $20.50 and gave the stock a “neutral” rating in a report on Tuesday, March 8th. Finally, BTIG Research raised their price target on International Money Express from $22.00 to $25.00 in a report on Wednesday, March 16th. One equities research analyst has rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Buy” and a consensus price target of $23.10.

IMXI opened at $19.84 on Thursday. The company has a quick ratio of 2.33, a current ratio of 2.33 and a debt-to-equity ratio of 0.54. The firm’s 50 day moving average is $20.34 and its 200-day moving average is $17.52. The firm has a market capitalization of $762.71 million, a P/E ratio of 15.75 and a beta of 0.57. International Money Express has a 52-week low of $13.78 and a 52-week high of $22.86.

In other news, Director John Rincon sold 11,977 shares of the company’s stock in a transaction dated Wednesday, May 11th. The shares were sold at an average price of $19.82, for a total transaction of $237,384.14. Following the sale, the director now directly owns 483,827 shares in the company, valued at approximately $9,589,451.14. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Robert Lisy sold 17,448 shares of the firm’s stock in a transaction that occurred on Monday, May 16th. The stock was sold at an average price of $19.24, for a total transaction of $335,699.52. Following the transaction, the chief executive officer now directly owns 523,538 shares in the company, valued at $10,072,871.12. The disclosure for this sale can be found here. Over the last three months, insiders sold 256,044 shares of company stock worth $4,748,726. Insiders own 16.00% of the company’s stock.

A number of institutional investors have recently made changes to their positions in the business. Wellington Management Group LLP raised its stake in shares of International Money Express by 10.0% during the third quarter. Wellington Management Group LLP now owns 3,823,557 shares of the company’s stock valued at $63,853,000 after purchasing an additional 346,491 shares during the period. BlackRock Inc. raised its holdings in International Money Express by 3.5% during the 1st quarter. BlackRock Inc. now owns 2,640,069 shares of the company’s stock worth $54,410,000 after buying an additional 89,670 shares during the period. Vanguard Group Inc. increased its holdings in shares of International Money Express by 1.5% in the 1st quarter. Vanguard Group Inc. now owns 2,151,269 shares of the company’s stock valued at $44,338,000 after purchasing an additional 31,694 shares during the period. Voss Capital LLC increased its holdings in shares of International Money Express by 31.1% in the 3rd quarter. Voss Capital LLC now owns 1,005,000 shares of the company’s stock valued at $16,783,000 after purchasing an additional 238,533 shares during the period. Finally, State Street Corp grew its stake in shares of International Money Express by 1.0% in the 1st quarter. State Street Corp now owns 698,733 shares of the company’s stock valued at $14,401,000 after buying an additional 7,063 shares in the last quarter. Institutional investors own 82.49% of the company’s stock.

International Money Express Company Profile (Get Rating)

International Money Express, Inc, through its subsidiary, operates as a money remittance services company in the United States, Latin America, Mexico, Africa, Central and South America, and the Caribbean. 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.

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