i3 Verticals (IIIV) Set to Announce Earnings on Friday

i3 Verticals (NASDAQ:IIIV) is set to release its earnings data before the market opens on Friday, May 10th. Analysts expect i3 Verticals to post earnings of $0.38 per share for the quarter. i3 Verticals has set its FY 2024 guidance at 1.520-1.640 EPS.Individual that wish to register for the company’s earnings conference call can do so using this link.

i3 Verticals (NASDAQ:IIIV) last posted its quarterly earnings results on Thursday, February 8th. The company reported $0.23 EPS for the quarter, topping the consensus estimate of $0.22 by $0.01. i3 Verticals had a return on equity of 9.28% and a net margin of 0.14%. The business had revenue of $91.99 million for the quarter, compared to analyst estimates of $92.92 million. On average, analysts expect i3 Verticals to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.

i3 Verticals Price Performance

i3 Verticals stock opened at $22.28 on Wednesday. The company has a current ratio of 0.50, a quick ratio of 0.50 and a debt-to-equity ratio of 0.85. The stock has a market cap of $743.48 million, a P/E ratio of -318.29 and a beta of 1.56. The company has a 50-day moving average price of $22.49 and a 200 day moving average price of $20.92. i3 Verticals has a 12-month low of $17.54 and a 12-month high of $25.70.

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on IIIV shares. Morgan Stanley lowered their price objective on i3 Verticals from $25.00 to $20.00 and set an “equal weight” rating for the company in a research report on Monday, February 12th. TheStreet upgraded shares of i3 Verticals from a “d+” rating to a “c-” rating in a report on Monday, March 18th. BMO Capital Markets lowered their target price on shares of i3 Verticals from $24.00 to $23.00 and set a “market perform” rating for the company in a research note on Monday, February 12th. KeyCorp boosted their price target on shares of i3 Verticals from $23.00 to $26.00 and gave the company an “overweight” rating in a research note on Monday, April 22nd. Finally, Benchmark reaffirmed a “buy” rating and set a $28.00 price objective on shares of i3 Verticals in a research report on Monday, April 1st. Two analysts have rated the stock with a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $27.43.

i3 Verticals Company Profile

i3 Verticals, Inc provides integrated payment and software solutions primarily to the public sector and healthcare markets in the United States. It operates in two segments, Software and Services, and Merchant Services. The company offers payment processing services that enables upper and lower court case management, collections, finance and accounting, motor vehicle and carrier registration, e-filing and taxation, license plate inventory, property tax management, utility billing, professional licensing, document workflow, and law enforcement software; assists public schools in completing payment processing functions, including accepting payments for online or at school lunches, and school activities.