Information Services Co. (TSE:ISV) Forecasted to Post FY2023 Earnings of $1.89 Per Share

Information Services Co. (TSE:ISV) – Investment analysts at Edison Inv. Res issued their FY2023 earnings per share (EPS) estimates for Information Services in a research note issued on Thursday, November 9th. Edison Inv. Res analyst N. Davies expects that the company will earn $1.89 per share for the year. The consensus estimate for Information Services’ current full-year earnings is $2.13 per share. Edison Inv. Res also issued estimates for Information Services’ FY2024 earnings at $2.09 EPS and FY2025 earnings at $2.22 EPS.

Several other brokerages also recently commented on ISV. Royal Bank of Canada reduced their target price on Information Services from C$25.00 to C$21.00 and set a “sector perform” rating for the company in a report on Thursday. CIBC dropped their target price on Information Services from C$31.00 to C$29.00 and set an “outperform” rating on the stock in a research report on Thursday. Finally, Raymond James decreased their target price on Information Services from C$30.00 to C$27.00 in a research note on Thursday.

Information Services Trading Down 2.0 %

Shares of TSE ISV opened at C$20.00 on Monday. Information Services has a 12 month low of C$19.22 and a 12 month high of C$26.98. The company has a market cap of C$354 million, a price-to-earnings ratio of 13.51, a P/E/G ratio of 1.19 and a beta of 0.60. The company has a quick ratio of 1.69, a current ratio of 1.36 and a debt-to-equity ratio of 36.34. The business has a fifty day simple moving average of C$22.02 and a 200-day simple moving average of C$22.61.

Information Services Announces Dividend

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