$65.40 Million in Sales Expected for i3 Verticals, Inc. (NASDAQ:IIIV) This Quarter

Equities analysts predict that i3 Verticals, Inc. (NASDAQ:IIIV) will report sales of $65.40 million for the current fiscal quarter, according to Zacks Investment Research. Three analysts have made estimates for i3 Verticals’ earnings, with the lowest sales estimate coming in at $63.96 million and the highest estimate coming in at $67.69 million. i3 Verticals reported sales of $38.43 million during the same quarter last year, which would suggest a positive year-over-year growth rate of 70.2%. The firm is expected to announce its next quarterly earnings results on Thursday, November 18th.

According to Zacks, analysts expect that i3 Verticals will report full year sales of $220.58 million for the current fiscal year, with estimates ranging from $217.10 million to $225.22 million. For the next financial year, analysts anticipate that the firm will report sales of $260.69 million, with estimates ranging from $240.00 million to $276.02 million. Zacks’ sales calculations are an average based on a survey of sell-side research analysts that follow i3 Verticals.

i3 Verticals (NASDAQ:IIIV) last posted its quarterly earnings results on Monday, August 9th. The company reported $0.26 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.19 by $0.07. i3 Verticals had a negative net margin of 3.18% and a positive return on equity of 6.64%. The company had revenue of $60.71 million during the quarter, compared to analyst estimates of $56.21 million.

Several research analysts recently commented on IIIV shares. Morgan Stanley assumed coverage on shares of i3 Verticals in a research note on Monday, July 26th. They issued an “equal weight” rating and a $34.00 target price on the stock. Zacks Investment Research lowered i3 Verticals from a “hold” rating to a “sell” rating in a research report on Wednesday, August 11th. Two equities research analysts have rated the stock with a sell rating, one has given a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Buy” and an average target price of $37.25.

Shares of IIIV stock traded up $0.56 during trading hours on Friday, hitting $26.19. 2,086 shares of the company’s stock were exchanged, compared to its average volume of 127,679. The company has a market capitalization of $843.53 million, a PE ratio of -75.38, a PEG ratio of 2.04 and a beta of 1.59. i3 Verticals has a 12-month low of $20.25 and a 12-month high of $35.99. The business’s 50 day simple moving average is $29.66 and its 200-day simple moving average is $31.11. The company has a current ratio of 0.61, a quick ratio of 0.61 and a debt-to-equity ratio of 0.75.

Large investors have recently made changes to their positions in the company. Rhumbline Advisers increased its position in shares of i3 Verticals by 2.1% in the first quarter. Rhumbline Advisers now owns 17,260 shares of the company’s stock valued at $537,000 after buying an additional 354 shares in the last quarter. California State Teachers Retirement System raised its position in i3 Verticals by 1.3% in the second quarter. California State Teachers Retirement System now owns 28,403 shares of the company’s stock valued at $858,000 after purchasing an additional 375 shares during the period. Advisor Group Holdings Inc. raised its position in i3 Verticals by 21.6% in the second quarter. Advisor Group Holdings Inc. now owns 2,745 shares of the company’s stock valued at $84,000 after purchasing an additional 488 shares during the period. Gamco Investors INC. ET AL raised its holdings in shares of i3 Verticals by 0.9% in the 2nd quarter. Gamco Investors INC. ET AL now owns 91,765 shares of the company’s stock valued at $2,773,000 after buying an additional 782 shares during the period. Finally, US Bancorp DE raised its holdings in shares of i3 Verticals by 27.7% in the 1st quarter. US Bancorp DE now owns 4,811 shares of the company’s stock valued at $150,000 after buying an additional 1,045 shares during the period. Hedge funds and other institutional investors own 61.86% of the company’s stock.

About i3 Verticals

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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