Zacks: Brokerages Expect i3 Verticals Inc (NASDAQ:IIIV) to Announce $0.22 EPS

Wall Street brokerages expect i3 Verticals Inc (NASDAQ:IIIV) to report $0.22 earnings per share for the current quarter, Zacks reports. Three analysts have issued estimates for i3 Verticals’ earnings, with estimates ranging from $0.20 to $0.24. i3 Verticals reported earnings per share of $0.19 during the same quarter last year, which would indicate a positive year over year growth rate of 15.8%. The company is scheduled to report its next quarterly earnings report on Monday, January 1st.

According to Zacks, analysts expect that i3 Verticals will report full year earnings of $0.82 per share for the current financial year, with EPS estimates ranging from $0.80 to $0.84. For the next year, analysts anticipate that the business will report earnings of $0.91 per share, with EPS estimates ranging from $0.82 to $0.97. Zacks Investment Research’s earnings per share calculations are a mean average based on a survey of analysts that follow i3 Verticals.

i3 Verticals (NASDAQ:IIIV) last announced its earnings results on Thursday, August 8th. The company reported $0.20 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.19 by $0.01. i3 Verticals had a positive return on equity of 14.53% and a negative net margin of 0.36%. The company had revenue of $36.01 million during the quarter, compared to analyst estimates of $35.02 million. During the same period last year, the company posted $0.14 earnings per share. The firm’s quarterly revenue was up 24.9% compared to the same quarter last year.

A number of analysts have recently weighed in on the company. Bank of America upgraded i3 Verticals from a “neutral” rating to a “buy” rating and set a $23.00 target price for the company in a research note on Friday, September 27th. BTIG Research set a $31.00 target price on i3 Verticals and gave the company a “buy” rating in a research note on Thursday, September 5th. Zacks Investment Research upgraded i3 Verticals from a “sell” rating to a “hold” rating in a research report on Tuesday, October 15th. ValuEngine upgraded i3 Verticals from a “hold” rating to a “buy” rating in a research report on Monday. Finally, KeyCorp lifted their price objective on i3 Verticals from $26.00 to $28.00 and gave the stock an “overweight” rating in a research report on Monday, August 12th. One analyst has rated the stock with a hold rating and five have assigned a buy rating to the company. The stock has a consensus rating of “Buy” and an average price target of $26.40.

Shares of NASDAQ:IIIV opened at $20.86 on Friday. i3 Verticals has a twelve month low of $17.14 and a twelve month high of $31.44. The firm has a market cap of $548.31 million, a PE ratio of 37.25, a price-to-earnings-growth ratio of 1.03 and a beta of 0.36. The company has a debt-to-equity ratio of 0.98, a quick ratio of 0.71 and a current ratio of 0.71. The business has a fifty day moving average of $20.29 and a 200-day moving average of $24.17.

In related news, Director David K. Morgan bought 2,000 shares of the firm’s stock in a transaction dated Tuesday, August 13th. The stock was bought at an average cost of $21.35 per share, for a total transaction of $42,700.00. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. 56.20% of the stock is currently owned by insiders.

Several institutional investors have recently bought and sold shares of the company. Tower Research Capital LLC TRC acquired a new position in shares of i3 Verticals during the 2nd quarter worth about $25,000. Marshall Wace LLP acquired a new position in shares of i3 Verticals during the 1st quarter worth about $29,000. Teton Advisors Inc. grew its position in shares of i3 Verticals by 2.1% during the 2nd quarter. Teton Advisors Inc. now owns 96,300 shares of the company’s stock worth $2,836,000 after buying an additional 2,000 shares during the period. Mesirow Financial Investment Management Inc. grew its position in shares of i3 Verticals by 12.0% during the 2nd quarter. Mesirow Financial Investment Management Inc. now owns 22,493 shares of the company’s stock worth $661,000 after buying an additional 2,410 shares during the period. Finally, Rhumbline Advisers grew its position in shares of i3 Verticals by 30.3% during the 3rd quarter. Rhumbline Advisers now owns 15,291 shares of the company’s stock worth $308,000 after buying an additional 3,560 shares during the period. Institutional investors own 44.55% of the company’s stock.

About i3 Verticals

i3 Verticals, Inc provides integrated payment and software solutions to small- and medium-sized businesses and organizations in education, non-profit, public sector, property management, and healthcare markets in the United States. The company offers payment processing services, including merchant onboarding, risk and underwriting, authorization, settlement, chargeback processing, and other merchant support.

Further Reading: Support Level

Get a free copy of the Zacks research report on i3 Verticals (IIIV)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Earnings History and Estimates for i3 Verticals (NASDAQ:IIIV)

Receive News & Ratings for i3 Verticals Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for i3 Verticals and related companies with MarketBeat.com's FREE daily email newsletter.