Wall Street analysts expect i3 Verticals Inc (NASDAQ:IIIV) to post earnings per share (EPS) of $0.24 for the current fiscal quarter, Zacks reports. Two analysts have made estimates for i3 Verticals’ earnings, with estimates ranging from $0.23 to $0.24. i3 Verticals reported earnings of $0.20 per share during the same quarter last year, which indicates a positive year-over-year growth rate of 20%. The company is scheduled to issue its next quarterly earnings report on Wednesday, February 12th.

On average, analysts expect that i3 Verticals will report full year earnings of $0.94 per share for the current year, with EPS estimates ranging from $0.93 to $0.94. For the next financial year, analysts forecast that the company will report earnings of $1.10 per share, with EPS estimates ranging from $1.05 to $1.14. Zacks’ EPS calculations are a mean average based on a survey of sell-side analysts that cover i3 Verticals.

i3 Verticals (NASDAQ:IIIV) last issued its earnings results on Thursday, November 21st. The company reported $0.24 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.19 by $0.05. i3 Verticals had a positive return on equity of 14.31% and a negative net margin of 0.81%. The business had revenue of $40.57 million during the quarter, compared to analysts’ expectations of $38.20 million. During the same period in the prior year, the business earned $0.19 EPS. The business’s revenue for the quarter was up 44.4% compared to the same quarter last year.

Several research analysts have issued reports on IIIV shares. Zacks Investment Research upgraded shares of i3 Verticals from a “hold” rating to a “buy” rating and set a $36.00 target price on the stock in a report on Thursday. Bank of America upgraded shares of i3 Verticals from a “neutral” rating to a “buy” rating and set a $23.00 price target for the company in a report on Friday, September 27th. BTIG Research reaffirmed a “buy” rating and issued a $36.00 price target on shares of i3 Verticals in a research report on Thursday, January 16th. They noted that the move was a valuation call. Finally, ValuEngine cut shares of i3 Verticals from a “buy” rating to a “hold” rating in a research report on Wednesday, November 6th. One equities research analyst has rated the stock with a hold rating and four have issued a buy rating to the stock. The stock presently has an average rating of “Buy” and an average price target of $30.75.

In other news, COO David Scott Meriwether sold 3,000 shares of i3 Verticals stock in a transaction on Monday, December 9th. The stock was sold at an average price of $27.90, for a total value of $83,700.00. Following the transaction, the chief operating officer now directly owns 56 shares in the company, valued at approximately $1,562.40. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 56.20% of the company’s stock.

Several hedge funds have recently added to or reduced their stakes in the business. Marshall Wace LLP bought a new stake in shares of i3 Verticals in the 1st quarter valued at about $29,000. JPMorgan Chase & Co. grew its holdings in i3 Verticals by 383.0% in the second quarter. JPMorgan Chase & Co. now owns 10,736 shares of the company’s stock worth $312,000 after purchasing an additional 8,513 shares during the last quarter. Charles Schwab Investment Management Inc. grew its holdings in i3 Verticals by 23.0% in the second quarter. Charles Schwab Investment Management Inc. now owns 25,253 shares of the company’s stock worth $744,000 after purchasing an additional 4,723 shares during the last quarter. Bank of New York Mellon Corp increased its position in shares of i3 Verticals by 367.3% during the second quarter. Bank of New York Mellon Corp now owns 116,205 shares of the company’s stock worth $3,423,000 after purchasing an additional 91,336 shares in the last quarter. Finally, Renaissance Technologies LLC acquired a new position in shares of i3 Verticals during the second quarter worth $1,743,000. 48.80% of the stock is owned by institutional investors and hedge funds.

Shares of IIIV stock traded down $1.45 on Friday, hitting $32.16. The stock had a trading volume of 8,319 shares, compared to its average volume of 117,188. The company has a quick ratio of 0.58, a current ratio of 0.58 and a debt-to-equity ratio of 0.98. The business has a 50 day moving average price of $29.36 and a 200 day moving average price of $24.78. The company has a market cap of $906.22 million, a PE ratio of -110.45, a P/E/G ratio of 1.67 and a beta of 0.56. i3 Verticals has a one year low of $18.65 and a one year high of $34.19.

About i3 Verticals

i3 Verticals, Inc provides integrated payment and software solutions to small- and medium-sized businesses and organizations in education, non-profit, public sector, property management, and healthcare markets in the United States. The company offers payment processing services, including merchant onboarding, risk and underwriting, authorization, settlement, chargeback processing, and other merchant support.

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