$84.50 Million in Sales Expected for International Money Express Inc (NASDAQ:IMXI) This Quarter

Equities research analysts expect International Money Express Inc (NASDAQ:IMXI) to post sales of $84.50 million for the current fiscal quarter, according to Zacks. Three analysts have made estimates for International Money Express’ earnings, with estimates ranging from $83.60 million to $86.00 million. International Money Express reported sales of $75.06 million during the same quarter last year, which indicates a positive year over year growth rate of 12.6%. The firm is scheduled to issue its next quarterly earnings report on Tuesday, March 10th.

On average, analysts expect that International Money Express will report full year sales of $320.73 million for the current year, with estimates ranging from $320.00 million to $322.00 million. For the next financial year, analysts expect that the firm will report sales of $370.43 million, with estimates ranging from $365.00 million to $376.00 million. Zacks Investment Research’s sales averages are a mean average based on a survey of analysts that cover International Money Express.

A number of brokerages have commented on IMXI. Zacks Investment Research cut International Money Express from a “buy” rating to a “hold” rating in a report on Saturday, November 16th. KeyCorp began coverage on International Money Express in a research note on Friday, October 18th. They issued a “sector weight” rating on the stock. Northland Securities reiterated a “buy” rating and set a $17.00 price target on shares of International Money Express in a research report on Tuesday, November 12th. ValuEngine raised International Money Express from a “sell” rating to a “hold” rating in a research note on Wednesday, November 13th. Finally, Cantor Fitzgerald raised their price objective on International Money Express from $16.00 to $17.00 and gave the company an “overweight” rating in a report on Tuesday, November 12th. Three research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. International Money Express presently has a consensus rating of “Buy” and an average target price of $17.40.

IMXI stock traded down $0.02 during trading on Friday, hitting $13.16. The stock had a trading volume of 27,090 shares, compared to its average volume of 239,352. International Money Express has a twelve month low of $10.31 and a twelve month high of $16.10. The company’s 50-day moving average price is $14.20 and its two-hundred day moving average price is $13.95. The company has a debt-to-equity ratio of 1.80, a current ratio of 1.57 and a quick ratio of 1.57. The stock has a market capitalization of $516.52 million, a P/E ratio of -263.20 and a beta of -0.29.

In related news, Director Christopher B. Lofgren acquired 17,900 shares of the company’s stock in a transaction on Thursday, November 21st. The shares were purchased at an average price of $13.49 per share, for a total transaction of $241,471.00. The acquisition was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, major shareholder William Velez sold 8,000 shares of the stock in a transaction that occurred on Monday, September 16th. The stock was sold at an average price of $11.96, for a total transaction of $95,680.00. Insiders sold a total of 124,508 shares of company stock worth $1,502,157 over the last three months. Corporate insiders own 43.10% of the company’s stock.

Large investors have recently made changes to their positions in the stock. Huntington National Bank acquired a new position in International Money Express in the third quarter valued at about $27,000. Strs Ohio bought a new stake in shares of International Money Express during the 2nd quarter valued at approximately $49,000. Walleye Trading Advisors LLC acquired a new position in International Money Express during the 2nd quarter worth approximately $158,000. Walleye Trading LLC acquired a new position in International Money Express during the 2nd quarter worth approximately $182,000. Finally, Wells Fargo & Company MN lifted its stake in International Money Express by 12.2% in the 2nd quarter. Wells Fargo & Company MN now owns 13,640 shares of the company’s stock valued at $192,000 after purchasing an additional 1,484 shares during the last quarter. Institutional investors and hedge funds own 53.37% of the company’s stock.

International Money Express Company Profile

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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