Brokerages Expect i3 Verticals, Inc. (NASDAQ:IIIV) Will Post Earnings of $0.32 Per Share

Equities research analysts expect i3 Verticals, Inc. (NASDAQ:IIIV) to announce earnings per share (EPS) of $0.32 for the current fiscal quarter, according to Zacks. Three analysts have provided estimates for i3 Verticals’ earnings, with the highest EPS estimate coming in at $0.35 and the lowest estimate coming in at $0.28. i3 Verticals posted earnings per share of $0.22 during the same quarter last year, which indicates a positive year over year growth rate of 45.5%. The firm is scheduled to issue its next earnings results on Monday, February 14th.

According to Zacks, analysts expect that i3 Verticals will report full-year earnings of $1.33 per share for the current financial year, with EPS estimates ranging from $1.22 to $1.42. For the next fiscal year, analysts expect that the firm will report earnings of $1.51 per share, with EPS estimates ranging from $1.42 to $1.57. Zacks Investment Research’s EPS calculations are an average based on a survey of research analysts that follow i3 Verticals.

i3 Verticals (NASDAQ:IIIV) last issued its earnings results on Tuesday, November 16th. The company reported $0.20 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.29 by ($0.09). i3 Verticals had a positive return on equity of 6.78% and a negative net margin of 2.69%. During the same period last year, the company posted $0.11 EPS.

Several research analysts have commented on IIIV shares. TheStreet downgraded i3 Verticals from a “c-” rating to a “d+” rating in a research note on Monday, October 4th. Morgan Stanley lowered their target price on i3 Verticals from $34.00 to $24.50 and set an “equal weight” rating for the company in a research note on Friday, November 19th. KeyCorp reduced their price target on i3 Verticals from $40.00 to $30.00 and set an “overweight” rating on the stock in a report on Monday, November 1st. Zacks Investment Research upgraded i3 Verticals from a “strong sell” rating to a “hold” rating in a report on Tuesday. Finally, Raymond James reduced their price target on i3 Verticals from $42.00 to $40.00 and set a “strong-buy” rating on the stock in a report on Tuesday, October 5th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Buy” and a consensus price target of $33.72.

In related news, President Frederick Stanford sold 15,000 shares of the company’s stock in a transaction that occurred on Monday, November 22nd. The stock was sold at an average price of $21.21, for a total value of $318,150.00. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Corporate insiders own 31.90% of the company’s stock.

Several institutional investors have recently bought and sold shares of IIIV. Marshall Wace LLP acquired a new position in shares of i3 Verticals during the first quarter worth approximately $29,000. Dimensional Fund Advisors LP grew its stake in shares of i3 Verticals by 13.8% during the 1st quarter. Dimensional Fund Advisors LP now owns 155,592 shares of the company’s stock worth $4,843,000 after acquiring an additional 18,913 shares during the period. Nuveen Asset Management LLC grew its stake in shares of i3 Verticals by 1.3% during the 1st quarter. Nuveen Asset Management LLC now owns 123,453 shares of the company’s stock worth $3,842,000 after acquiring an additional 1,530 shares during the period. Ameriprise Financial Inc. grew its stake in shares of i3 Verticals by 12.9% during the 1st quarter. Ameriprise Financial Inc. now owns 186,408 shares of the company’s stock worth $5,802,000 after acquiring an additional 21,261 shares during the period. Finally, Jane Street Group LLC bought a new position in i3 Verticals in the 1st quarter worth about $206,000. Hedge funds and other institutional investors own 61.88% of the company’s stock.

NASDAQ IIIV traded up $0.04 during trading on Thursday, hitting $20.69. 123,710 shares of the company’s stock were exchanged, compared to its average volume of 151,298. The company has a debt-to-equity ratio of 0.75, a quick ratio of 0.61 and a current ratio of 0.61. The stock has a market capitalization of $666.38 million, a P/E ratio of -62.70, a PEG ratio of 1.80 and a beta of 1.55. i3 Verticals has a fifty-two week low of $19.73 and a fifty-two week high of $35.99. The firm’s 50 day moving average price is $24.05.

i3 Verticals Company Profile

i3 Verticals, Inc is a holding company, which engages in the provision of integrated payment and software solutions to small-and medium-sized businesses and organizations in strategic vertical markets. It operates through the following segments: Merchant Services, Proprietary Software and Payments, and Others.

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