Equities research analysts predict that i3 Verticals Inc (NASDAQ:IIIV) will post earnings per share of $0.19 for the current fiscal quarter, Zacks Investment Research reports. Three analysts have provided estimates for i3 Verticals’ earnings, with estimates ranging from $0.16 to $0.21. i3 Verticals posted earnings of $0.14 per share in the same quarter last year, which would indicate a positive year over year growth rate of 35.7%. The firm is expected to report its next quarterly earnings report on Monday, January 1st.
On average, 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 $0.81 to $0.83. For the next year, analysts anticipate that the business will post earnings of $1.00 per share, with EPS estimates ranging from $0.89 to $1.07. Zacks Investment Research’s earnings per share calculations are an average based on a survey of sell-side analysts that cover i3 Verticals.
i3 Verticals (NASDAQ:IIIV) last released its quarterly earnings results on Monday, May 13th. The company reported $0.08 earnings per share for the quarter, missing analysts’ consensus estimates of $0.17 by ($0.09). i3 Verticals had a positive return on equity of 14.70% and a negative net margin of 0.19%. The firm had revenue of $31.40 million for the quarter, compared to analyst estimates of $29.79 million. During the same period last year, the company earned $0.14 EPS. The company’s revenue was up 25.6% compared to the same quarter last year.
Separately, Zacks Investment Research downgraded i3 Verticals from a “hold” rating to a “sell” rating in a research report on Friday, March 15th. One analyst has rated the stock with a sell rating and five have issued a buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus target price of $24.83.
NASDAQ:IIIV opened at $24.77 on Monday. i3 Verticals has a twelve month low of $13.79 and a twelve month high of $27.88. The company has a debt-to-equity ratio of 0.61, a current ratio of 0.58 and a quick ratio of 0.58. The company has a market cap of $651.45 million and a price-to-earnings ratio of 44.23.
In other news, CEO Gregory S. Daily purchased 84,800 shares of i3 Verticals stock in a transaction on Tuesday, June 11th. The stock was purchased at an average price of $23.49 per share, with a total value of $1,991,952.00. The acquisition was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, President Frederick Stanford sold 25,000 shares of the company’s stock in a transaction that occurred on Friday, May 17th. The stock was sold at an average price of $23.47, for a total value of $586,750.00. The disclosure for this sale can be found here. Corporate insiders own 56.20% of the company’s stock.
A number of large investors have recently added to or reduced their stakes in the business. Legal & General Group Plc acquired a new stake in shares of i3 Verticals in the 3rd quarter valued at approximately $27,000. Marshall Wace LLP acquired a new stake in shares of i3 Verticals in the 1st quarter valued at approximately $29,000. BNP Paribas Arbitrage SA boosted its holdings in shares of i3 Verticals by 4,273.3% in the 1st quarter. BNP Paribas Arbitrage SA now owns 1,968 shares of the company’s stock valued at $47,000 after buying an additional 1,923 shares during the last quarter. Citigroup Inc. boosted its holdings in shares of i3 Verticals by 35.2% in the 1st quarter. Citigroup Inc. now owns 2,499 shares of the company’s stock valued at $60,000 after buying an additional 650 shares during the last quarter. Finally, American International Group Inc. boosted its holdings in shares of i3 Verticals by 14.8% in the 1st quarter. American International Group Inc. now owns 5,836 shares of the company’s stock valued at $140,000 after buying an additional 754 shares during the last quarter. 32.94% of the stock is owned by hedge funds and other institutional investors.
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. The company offers payment processing services, including merchant onboarding, risk and underwriting, authorization, settlement, chargeback processing, and other merchant support.
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