International Money Express Inc (NASDAQ:IMXI) – Research analysts at Piper Jaffray Companies cut their Q2 2019 earnings estimates for International Money Express in a research report issued to clients and investors on Tuesday, May 14th. Piper Jaffray Companies analyst J. Deleeuw now anticipates that the company will post earnings of $0.17 per share for the quarter, down from their prior estimate of $0.20. Piper Jaffray Companies also issued estimates for International Money Express’ Q3 2019 earnings at $0.17 EPS, Q4 2019 earnings at $0.18 EPS, FY2019 earnings at $0.62 EPS, Q1 2020 earnings at $0.12 EPS, Q2 2020 earnings at $0.23 EPS, Q4 2020 earnings at $0.24 EPS and FY2020 earnings at $0.83 EPS.

International Money Express (NASDAQ:IMXI) last announced its earnings results on Tuesday, March 12th. The company reported $0.13 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.16 by ($0.03). The firm had revenue of $75.06 million for the quarter, compared to analyst estimates of $71.15 million.

Other equities analysts also recently issued reports about the stock. Zacks Investment Research raised shares of International Money Express from a “hold” rating to a “buy” rating and set a $13.00 price target on the stock in a research note on Friday, March 15th. Cantor Fitzgerald restated a “buy” rating and set a $14.00 price objective on shares of International Money Express in a research report on Wednesday, March 13th. Craig Hallum assumed coverage on shares of International Money Express in a research report on Monday, February 4th. They issued a “buy” rating for the company. Finally, Northland Securities reiterated a “buy” rating and issued a $15.00 price target on shares of International Money Express in a research report on Wednesday. One equities research analyst has rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average target price of $14.50.

NASDAQ:IMXI opened at $12.13 on Thursday. The company has a current ratio of 2.04, a quick ratio of 2.04 and a debt-to-equity ratio of 2.55. The stock has a market capitalization of $438.89 million and a PE ratio of -242.60. International Money Express has a twelve month low of $9.06 and a twelve month high of $13.38.

Institutional investors have recently made changes to their positions in the business. BlueCrest Capital Management Ltd grew its stake in International Money Express by 102.6% during the 1st quarter. BlueCrest Capital Management Ltd now owns 510,489 shares of the company’s stock valued at $5,952,000 after acquiring an additional 258,512 shares in the last quarter. HCSF Management LLC grew its stake in International Money Express by 9.6% during the 1st quarter. HCSF Management LLC now owns 1,222,155 shares of the company’s stock valued at $14,250,000 after acquiring an additional 106,939 shares in the last quarter. Morgan Stanley grew its stake in International Money Express by 1,845.0% during the 1st quarter. Morgan Stanley now owns 21,317 shares of the company’s stock valued at $248,000 after acquiring an additional 20,221 shares in the last quarter. ExodusPoint Capital Management LP purchased a new position in International Money Express during the 1st quarter valued at about $308,000. Finally, Renaissance Technologies LLC purchased a new position in International Money Express during the 1st quarter valued at about $393,000. Institutional investors own 29.36% of the company’s stock.

About International Money Express

International Money Express, Inc, through its subsidiary, 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.

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

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