International Money Express (NASDAQ:IMXI) Releases FY24 Earnings Guidance

International Money Express (NASDAQ:IMXI - Get Free Report) issued an update on its FY24 earnings guidance on Wednesday morning. The company provided EPS guidance of $2.13-2.31 for the period, compared to the consensus EPS estimate of $2.20. The company issued revenue guidance of $681.0-701.8 million, compared to the consensus revenue estimate of $691.32 million. International Money Express also updated its FY 2024 guidance to 2.130-2.310 EPS.

International Money Express Price Performance

Shares of NASDAQ IMXI traded up $0.43 during midday trading on Wednesday, reaching $20.02. 506,464 shares of the company traded hands, compared to its average volume of 231,897. The stock's 50-day simple moving average is $21.26 and its 200-day simple moving average is $20.76. The company has a debt-to-equity ratio of 1.37, a quick ratio of 1.94 and a current ratio of 1.94. International Money Express has a 12 month low of $15.76 and a 12 month high of $26.25. The firm has a market cap of $675.27 million, a PE ratio of 12.32 and a beta of 0.76.

International Money Express (NASDAQ:IMXI - Get Free Report) last released its quarterly earnings results on Tuesday, February 27th. The company reported $0.52 EPS for the quarter, beating analysts' consensus estimates of $0.48 by $0.04. International Money Express had a net margin of 9.03% and a return on equity of 42.30%. The firm had revenue of $171.78 million for the quarter, compared to analyst estimates of $175.55 million. As a group, equities analysts anticipate that International Money Express will post 2.05 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on IMXI shares. BMO Capital Markets dropped their target price on shares of International Money Express from $30.00 to $29.00 and set an outperform rating for the company in a research note on Wednesday, February 28th. Monness Crespi & Hardt began coverage on International Money Express in a research report on Wednesday, March 20th. They issued a buy rating and a $27.00 price objective on the stock. Two analysts have rated the stock with a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat.com, International Money Express has a consensus rating of Moderate Buy and an average price target of $24.00.

Insider Transactions at International Money Express

In other International Money Express news, insider Joseph Aguilar sold 23,700 shares of the firm's stock in a transaction that occurred on Friday, March 15th. The shares were sold at an average price of $21.13, for a total value of $500,781.00. Following the transaction, the insider now directly owns 105,677 shares of the company's stock, valued at $2,232,955.01. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. 10.50% of the stock is owned by corporate insiders.

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.