Zacks: Analysts Anticipate i3 Verticals, Inc. (NASDAQ:IIIV) to Post $0.35 EPS

Wall Street analysts expect that i3 Verticals, Inc. (NASDAQ:IIIV – Get Rating) will report $0.35 earnings per share (EPS) for the current fiscal quarter, according to Zacks. Four analysts have provided 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 reported earnings of $0.23 per share in the same quarter last year, which would indicate a positive year over year growth rate of 52.2%. The firm is scheduled to issue its next earnings results after the market closes on Monday, January 1st.

On average, analysts expect that i3 Verticals will report full-year earnings of $1.40 per share for the current fiscal year, with EPS estimates ranging from $1.36 to $1.49. For the next fiscal year, analysts expect that the business will report 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 analysts that follow i3 Verticals.

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

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

NASDAQ:IIIV opened at $25.75 on Friday. The firm has a market capitalization of $831.21 million, a price-to-earnings ratio of -83.06, a PEG ratio of 3.78 and a beta of 1.40. i3 Verticals has a 1 year low of $17.80 and a 1 year high of $32.97. The business has a 50 day simple moving average of $26.55 and a 200-day simple moving average of $24.16. The company has a debt-to-equity ratio of 0.88, a current ratio of 0.45 and a quick ratio of 0.45.

Several hedge funds have recently modified their holdings of IIIV. EverSource Wealth Advisors LLC bought a new stake in shares of i3 Verticals during the 4th quarter worth approximately $11,994,000. Millennium Management LLC raised its position in i3 Verticals by 41.1% during the 4th quarter. Millennium Management LLC now owns 1,082,775 shares of the company’s stock valued at $24,676,000 after purchasing an additional 315,358 shares in the last quarter. Full18 Capital LLC raised its position in i3 Verticals by 288.7% during the 1st quarter. Full18 Capital LLC now owns 392,153 shares of the company’s stock valued at $10,002,000 after purchasing an additional 291,271 shares in the last quarter. Weiss Multi Strategy Advisers LLC bought a new stake in i3 Verticals during the 4th quarter valued at $5,700,000. Finally, Wasatch Advisors Inc. raised its position in i3 Verticals by 69.5% during the 4th quarter. Wasatch Advisors Inc. now owns 544,110 shares of the company’s stock valued at $12,400,000 after purchasing an additional 223,163 shares in the last quarter. 65.21% of the stock is owned by hedge funds and other institutional investors.

i3 Verticals Company Profile (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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