i3 Verticals (IIIV) to Release Quarterly Earnings on Friday

i3 Verticals (NASDAQ:IIIV) will be announcing its earnings results before the market opens on Friday, May 10th. Analysts expect the company to announce earnings of $0.38 per share for the quarter. i3 Verticals has set its FY 2024 guidance at 1.520-1.640 EPS.Parties that are interested in participating in the company’s conference call can do so using this link.

i3 Verticals (NASDAQ:IIIV) last announced its earnings results on Thursday, February 8th. The company reported $0.23 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.22 by $0.01. i3 Verticals had a net margin of 0.14% and a return on equity of 9.28%. The business had revenue of $91.99 million for the quarter, compared to analyst estimates of $92.92 million. On average, analysts expect i3 Verticals to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.

i3 Verticals Stock Performance

NASDAQ IIIV opened at $22.28 on Wednesday. The company’s fifty day moving average is $22.49 and its two-hundred day moving average is $20.92. i3 Verticals has a 52-week low of $17.54 and a 52-week high of $25.70. The company has a debt-to-equity ratio of 0.85, a current ratio of 0.50 and a quick ratio of 0.50. The firm has a market capitalization of $743.48 million, a price-to-earnings ratio of -318.29 and a beta of 1.56.

Analyst Ratings Changes

Several brokerages recently issued reports on IIIV. Benchmark restated a “buy” rating and set a $28.00 price target on shares of i3 Verticals in a research note on Monday, April 1st. Morgan Stanley lowered their price objective on i3 Verticals from $25.00 to $20.00 and set an “equal weight” rating on the stock in a research report on Monday, February 12th. KeyCorp raised their target price on i3 Verticals from $23.00 to $26.00 and gave the stock an “overweight” rating in a research report on Monday, April 22nd. TheStreet raised shares of i3 Verticals from a “d+” rating to a “c-” rating in a report on Monday, March 18th. Finally, BMO Capital Markets reduced their price objective on shares of i3 Verticals from $24.00 to $23.00 and set a “market perform” rating for the company in a report on Monday, February 12th. Two analysts have rated the stock with a hold rating, four have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $27.43.

i3 Verticals Company Profile

i3 Verticals, Inc provides integrated payment and software solutions primarily to the public sector and healthcare markets in the United States. It operates in two segments, Software and Services, and Merchant Services. The company offers payment processing services that enables upper and lower court case management, collections, finance and accounting, motor vehicle and carrier registration, e-filing and taxation, license plate inventory, property tax management, utility billing, professional licensing, document workflow, and law enforcement software; assists public schools in completing payment processing functions, including accepting payments for online or at school lunches, and school activities.