$0.22 Earnings Per Share Expected for i3 Verticals, Inc. (NASDAQ:IIIV) This Quarter


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Brokerages predict that i3 Verticals, Inc. (NASDAQ:IIIV) will announce earnings per share of $0.22 for the current quarter, according to Zacks Investment Research. Three analysts have made estimates for i3 Verticals’ earnings, with the highest EPS estimate coming in at $0.23 and the lowest estimate coming in at $0.20. i3 Verticals posted earnings per share of $0.20 during the same quarter last year, which suggests a positive year over year growth rate of 10%. The business is scheduled to report its next earnings results on Thursday, May 6th.

According to Zacks, analysts expect that i3 Verticals will report full-year earnings of $1.01 per share for the current fiscal year, with EPS estimates ranging from $0.98 to $1.03. For the next year, analysts forecast that the business will report earnings of $1.25 per share, with EPS estimates ranging from $1.15 to $1.36. Zacks’ EPS averages are a mean average based on a survey of research analysts that follow i3 Verticals.

i3 Verticals (NASDAQ:IIIV) last announced its quarterly earnings data on Sunday, February 7th. The company reported $0.22 earnings per share for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.22. i3 Verticals had a positive return on equity of 10.30% and a negative net margin of 0.28%. The firm had revenue of $44.91 million during the quarter, compared to analysts’ expectations of $40.48 million.

A number of equities research analysts recently weighed in on the company. BTIG Research boosted their price objective on i3 Verticals from $33.00 to $37.00 and gave the stock a “buy” rating in a research report on Wednesday, January 6th. DA Davidson upped their price target on i3 Verticals from $34.00 to $40.00 and gave the company a “buy” rating in a research report on Tuesday, February 9th. Raymond James upped their price target on i3 Verticals from $40.00 to $42.00 and gave the company a “strong-buy” rating in a research report on Wednesday, February 10th. Zacks Investment Research upgraded i3 Verticals from a “sell” rating to a “hold” rating in a research report on Thursday, April 8th. Finally, KeyCorp upped their price target on i3 Verticals from $32.00 to $40.00 and gave the company an “overweight” rating in a research report on Wednesday, February 10th. One analyst has rated the stock with a sell rating, one has given a hold rating, six have given a buy rating and one has given a strong buy rating to the company’s stock. i3 Verticals presently has an average rating of “Buy” and an average price target of $37.25.

In other news, Director David M. Wilds sold 200,000 shares of the company’s stock in a transaction that occurred on Monday, March 15th. The stock was sold at an average price of $32.83, for a total value of $6,566,000.00. Following the completion of the transaction, the director now directly owns 270,636 shares of the company’s stock, valued at $8,884,979.88. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 40.10% of the company’s stock.

Several hedge funds have recently added to or reduced their stakes in IIIV. JPMorgan Chase & Co. grew its holdings in shares of i3 Verticals by 62.9% in the fourth quarter. JPMorgan Chase & Co. now owns 1,961,019 shares of the company’s stock valued at $65,106,000 after acquiring an additional 757,319 shares in the last quarter. Hood River Capital Management LLC bought a new position in i3 Verticals during the fourth quarter valued at $15,062,000. BlackRock Inc. grew its holdings in i3 Verticals by 33.4% during the fourth quarter. BlackRock Inc. now owns 1,244,975 shares of the company’s stock valued at $41,333,000 after purchasing an additional 311,431 shares during the period. Full18 Capital LLC bought a new position in i3 Verticals during the fourth quarter valued at $3,731,000. Finally, Squarepoint Ops LLC boosted its holdings in shares of i3 Verticals by 281.9% in the fourth quarter. Squarepoint Ops LLC now owns 139,677 shares of the company’s stock worth $4,637,000 after acquiring an additional 103,103 shares during the period. 61.12% of the stock is owned by institutional investors.

Shares of IIIV stock opened at $33.32 on Friday. The firm has a market capitalization of $1.07 billion, a P/E ratio of -833.00, a P/E/G ratio of 2.10 and a beta of 1.62. i3 Verticals has a twelve month low of $18.30 and a twelve month high of $35.99. The company has a quick ratio of 0.98, a current ratio of 0.98 and a debt-to-equity ratio of 0.38. The stock’s fifty day simple moving average is $32.55 and its 200 day simple moving average is $29.49.

i3 Verticals Company Profile

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. It operates in two segments, Merchant Services, and Proprietary Software and Payments.

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