International Money Express (NASDAQ:IMXI) Issues Q3 Earnings Guidance

International Money Express (NASDAQ:IMXI) updated its third quarter earnings guidance on Wednesday. The company provided EPS guidance of $0.57-0.62 for the period, compared to the consensus EPS estimate of $0.61. The company issued revenue guidance of $170.6-175.8 million, compared to the consensus revenue estimate of $180.93 million. International Money Express also updated its FY24 guidance to $2.07-2.25 EPS.

Analyst Ratings Changes

Several equities research analysts have weighed in on the company. BTIG Research assumed coverage on International Money Express in a report on Monday, June 3rd. They issued a buy rating and a $25.00 target price for the company. Needham & Company LLC reissued a buy rating and issued a $25.00 price target on shares of International Money Express in a research report on Thursday, May 9th. Finally, BMO Capital Markets boosted their price target on International Money Express from $29.00 to $30.00 and gave the stock an outperform rating in a research report on Thursday, May 9th. One equities research analyst has rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of Moderate Buy and a consensus price target of $25.00.

International Money Express Stock Performance

Shares of IMXI stock traded down $3.84 during mid-day trading on Wednesday, reaching $18.08. The stock had a trading volume of 563,606 shares, compared to its average volume of 229,273. The business’s fifty day moving average is $20.83 and its 200-day moving average is $20.98. The company has a current ratio of 1.68, a quick ratio of 1.68 and a debt-to-equity ratio of 1.24. The firm has a market cap of $590.13 million, a price-to-earnings ratio of 10.84 and a beta of 0.84. International Money Express has a 1-year low of $15.76 and a 1-year high of $23.28.

International Money Express (NASDAQ:IMXI) last announced its quarterly earnings data on Wednesday, May 8th. The company reported $0.38 earnings per share for the quarter, beating analysts’ consensus estimates of $0.35 by $0.03. The business had revenue of $150.41 million for the quarter, compared to analyst estimates of $150.60 million. International Money Express had a return on equity of 43.75% and a net margin of 9.02%. On average, research analysts forecast that International Money Express will post 2.04 earnings per share for the current year.

About International Money Express

International Money Express, Inc, together with its subsidiaries, operates as an omnichannel money remittance services company in the United States, Latin America, Mexico, Central and South America, the Caribbean, Africa, and Asia. 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.