Zacks: Brokerages Anticipate i3 Verticals, Inc. (NASDAQ:IIIV) Will Post Earnings of $0.36 Per Share

Equities research analysts forecast that i3 Verticals, Inc. (NASDAQ:IIIVGet Rating) will post earnings of $0.36 per share for the current fiscal quarter, according to Zacks Investment Research. Four analysts have made estimates for i3 Verticals’ earnings, with the highest EPS estimate coming in at $0.37 and the lowest estimate coming in at $0.34. i3 Verticals posted earnings per share of $0.23 in the same quarter last year, which would suggest a positive year over year growth rate of 56.5%. The company is scheduled to report its next quarterly earnings results on Monday, January 1st.

According to Zacks, analysts expect that i3 Verticals will report full-year earnings of $1.40 per share for the current financial year, with EPS estimates ranging from $1.36 to $1.49. For the next financial year, analysts forecast that the company will post earnings of $1.59 per share, with EPS estimates ranging from $1.51 to $1.73. Zacks’ EPS averages are an average based on a survey of research analysts that that provide coverage for i3 Verticals.

i3 Verticals (NASDAQ:IIIVGet Rating) last issued its quarterly earnings data on Tuesday, February 8th. The company reported $0.18 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.15 by $0.03. i3 Verticals had a positive return on equity of 7.03% and a negative net margin of 2.34%. The company had revenue of $73.94 million during the quarter, compared to analyst estimates of $69.43 million. During the same quarter in the previous year, the company posted $0.09 earnings per share.

IIIV has been the subject of several recent research reports. TheStreet raised i3 Verticals from a “d+” rating to a “c-” rating in a report on Wednesday, March 16th. Morgan Stanley boosted their price target on i3 Verticals from $24.50 to $26.50 and gave the company an “equal weight” rating in a report on Thursday, February 10th. BTIG Research dropped their price objective on i3 Verticals from $42.00 to $31.00 and set a “buy” rating for the company in a research note on Wednesday, January 26th. Finally, Zacks Investment Research raised i3 Verticals from a “sell” rating to a “hold” rating in a research note on Friday, March 4th. Two analysts have rated the stock with a hold rating, two have issued a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Buy” and a consensus price target of $30.90.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Grandeur Peak Global Advisors LLC lifted its position in shares of i3 Verticals by 2.1% in the fourth quarter. Grandeur Peak Global Advisors LLC now owns 20,493 shares of the company’s stock worth $467,000 after buying an additional 413 shares in the last quarter. Cubist Systematic Strategies LLC lifted its position in shares of i3 Verticals by 7.0% in the third quarter. Cubist Systematic Strategies LLC now owns 8,588 shares of the company’s stock worth $208,000 after buying an additional 561 shares in the last quarter. Voya Investment Management LLC lifted its position in shares of i3 Verticals by 7.7% in the third quarter. Voya Investment Management LLC now owns 8,369 shares of the company’s stock worth $203,000 after buying an additional 595 shares in the last quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. lifted its position in shares of i3 Verticals by 11.3% in the third quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 6,206 shares of the company’s stock worth $150,000 after buying an additional 630 shares in the last quarter. Finally, Metropolitan Life Insurance Co NY lifted its position in shares of i3 Verticals by 13.4% in the third quarter. Metropolitan Life Insurance Co NY now owns 5,829 shares of the company’s stock worth $141,000 after buying an additional 687 shares in the last quarter. 61.29% of the stock is owned by hedge funds and other institutional investors.

NASDAQ:IIIV traded down $0.13 during mid-day trading on Friday, hitting $26.63. 51,330 shares of the company traded hands, compared to its average volume of 150,908. The company has a fifty day moving average of $26.23. i3 Verticals has a one year low of $17.80 and a one year high of $34.51. The company has a debt-to-equity ratio of 0.88, a quick ratio of 0.45 and a current ratio of 0.45. The company has a market cap of $859.62 million, a price-to-earnings ratio of -85.90, a price-to-earnings-growth ratio of 3.72 and a beta of 1.49.

About i3 Verticals (Get Rating)

i3 Verticals, Inc provides integrated payment and software solutions to small- and medium-sized businesses and organizations in education, non-profit, public sector, and healthcare markets in the United States. It operates in two segments, Merchant Services, and Proprietary Software and Payments. The company offers payment processing services that enables clients to accept electronic payments, facilitating the exchange of funds and transaction data between clients, financial institutions, and payment networks.

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