FY2023 Earnings Forecast for Information Services Co. Issued By Raymond James (TSE:ISV)

Information Services Co. (TSE:ISV) – Analysts at Raymond James lowered their FY2023 earnings per share (EPS) estimates for shares of Information Services in a research report issued to clients and investors on Thursday, November 9th. Raymond James analyst S. Boland now anticipates that the company will post earnings of $1.44 per share for the year, down from their prior forecast of $1.94. The consensus estimate for Information Services’ current full-year earnings is $2.13 per share. Raymond James also issued estimates for Information Services’ FY2024 earnings at $1.85 EPS.

Several other equities analysts have also recently weighed in on the company. CIBC lowered their price target on Information Services from C$31.00 to C$29.00 and set an “outperform” rating on the stock in a report on Thursday. Royal Bank of Canada lowered their target price on shares of Information Services from C$25.00 to C$21.00 and set a “sector perform” rating on the stock in a research note on Thursday.

Information Services Stock Performance

ISV stock opened at C$20.00 on Monday. The stock has a market capitalization of C$354 million, a PE ratio of 13.51, a price-to-earnings-growth ratio of 1.19 and a beta of 0.60. Information Services has a 12-month low of C$19.22 and a 12-month high of C$26.98. The company has a current ratio of 1.36, a quick ratio of 1.69 and a debt-to-equity ratio of 36.34. The stock’s 50 day simple moving average is C$22.02 and its 200 day simple moving average is C$22.61.

Information Services Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, January 15th. Stockholders of record on Sunday, December 31st will be issued a $0.23 dividend. The ex-dividend date of this dividend is Thursday, December 28th. This represents a $0.92 annualized dividend and a dividend yield of 4.60%. Information Services’s payout ratio is 62.16%.

Information Services Company Profile

Information Services Corporation provides registry and information management services for public data and records in Canada. It operates through three segments: Registry Operations, Services, and Technology Solutions. The company provides land titles registry services that issues titles to land and registers transactions affecting titles; land survey services, which registers land survey plans and creates a representation of Saskatchewan land parcels in the cadastral parcel mapping system; and geomatics services that manages geographic data in relation to the cadastral parcel mapping system.