Brokerages expect i3 Verticals Inc (NASDAQ:IIIV) to report $0.18 earnings per share for the current quarter, according to Zacks Investment Research. Two analysts have issued estimates for i3 Verticals’ earnings, with the highest EPS estimate coming in at $0.18 and the lowest estimate coming in at $0.17. The company is expected to issue its next earnings report on Monday, January 1st.
On average, analysts expect that i3 Verticals will report full year earnings of $0.56 per share for the current fiscal year. For the next fiscal year, analysts forecast that the business will post earnings of $0.80 per share, with EPS estimates ranging from $0.80 to $0.81. Zacks’ earnings per share calculations are a mean average based on a survey of analysts that cover i3 Verticals.
i3 Verticals (NASDAQ:IIIV) last announced its earnings results on Thursday, August 9th. The company reported $0.14 EPS for the quarter, beating the consensus estimate of $0.12 by $0.02. The business had revenue of $28.83 million for the quarter, compared to the consensus estimate of $28.41 million. The business’s revenue for the quarter was up 62.3% on a year-over-year basis.
Several equities research analysts recently commented on the company. Zacks Investment Research upgraded i3 Verticals from a “hold” rating to a “buy” rating and set a $25.00 target price on the stock in a research report on Monday. Raymond James assumed coverage on i3 Verticals in a research report on Monday, July 16th. They set an “outperform” rating on the stock. Cowen assumed coverage on i3 Verticals in a research report on Monday, July 16th. They set an “outperform” rating and a $20.00 target price on the stock. Finally, KeyCorp assumed coverage on i3 Verticals in a research report on Monday, July 16th. They set an “overweight” rating and a $21.00 target price on the stock.
Shares of i3 Verticals stock opened at $22.80 on Tuesday. i3 Verticals has a one year low of $13.79 and a one year high of $23.99.
In other news, General Counsel Paul Maple purchased 5,769 shares of the business’s stock in a transaction on Monday, June 25th. The shares were acquired at an average price of $13.00 per share, for a total transaction of $74,997.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director David K. Morgan purchased 2,000 shares of the business’s stock in a transaction on Thursday, August 16th. The stock was purchased at an average price of $15.66 per share, for a total transaction of $31,320.00. The disclosure for this purchase can be found here.
A number of large investors have recently made changes to their positions in the business. Russell Investments Group Ltd. bought a new position in i3 Verticals in the second quarter worth approximately $149,000. Raymond James & Associates purchased a new stake in shares of i3 Verticals in the second quarter worth approximately $283,000. Columbia Partners L L C Investment Management purchased a new stake in shares of i3 Verticals in the second quarter worth approximately $395,000. Teton Advisors Inc. purchased a new stake in shares of i3 Verticals in the second quarter worth approximately $469,000. Finally, Dean Capital Investments Management LLC purchased a new stake in shares of i3 Verticals in the second quarter worth approximately $498,000. Institutional investors and hedge funds own 21.72% of the company’s stock.
About i3 Verticals
i3 Verticals, Inc provides integrated payment and software solutions to small- and medium-sized businesses (SMBs) 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.
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