FY2024 EPS Estimates for TSE:ISV Decreased by Raymond James

Information Services Co. (TSE:ISV) – Equities research analysts at Raymond James cut their FY2024 EPS estimates for shares of Information Services in a research report issued to clients and investors on Wednesday, November 6th. Raymond James analyst S. Boland now expects that the company will post earnings of $1.21 per share for the year, down from their previous estimate of $1.47. The consensus estimate for Information Services’ current full-year earnings is $2.22 per share. Raymond James also issued estimates for Information Services’ FY2025 earnings at $2.16 EPS.

Information Services (TSE:ISV) last released its quarterly earnings data on Tuesday, November 5th. The company reported C$0.60 earnings per share for the quarter. Information Services had a net margin of 8.75% and a return on equity of 12.37%. The firm had revenue of C$60.93 million for the quarter, compared to analyst estimates of C$63.40 million.

Several other research firms also recently weighed in on ISV. Royal Bank of Canada lifted their target price on shares of Information Services from C$27.00 to C$30.00 in a research report on Friday, August 9th. CIBC boosted their target price on Information Services from C$34.00 to C$35.00 in a report on Thursday.

Information Services Stock Performance

ISV stock opened at C$28.43 on Friday. The company has a 50-day simple moving average of C$28.53 and a 200 day simple moving average of C$26.96. The company has a quick ratio of 1.69, a current ratio of 0.74 and a debt-to-equity ratio of 99.98. The company has a market capitalization of C$515.44 million, a P/E ratio of 24.94, a PEG ratio of 1.19 and a beta of 0.59. Information Services has a fifty-two week low of C$19.72 and a fifty-two week high of C$30.00.

Information Services Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, January 15th. Stockholders of record on Tuesday, December 31st will be issued a $0.23 dividend. This represents a $0.92 annualized dividend and a dividend yield of 3.24%. The ex-dividend date is Tuesday, December 31st. Information Services’s payout ratio is currently 80.70%.

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.