Wall Street brokerages expect that i3 Verticals Inc (NASDAQ:IIIV) will report sales of $34.82 million for the current fiscal quarter, according to Zacks Investment Research. Three analysts have provided estimates for i3 Verticals’ earnings. The highest sales estimate is $35.51 million and the lowest is $33.98 million. i3 Verticals reported sales of $28.83 million during the same quarter last year, which indicates a positive year-over-year growth rate of 20.8%. The firm is expected to report its next earnings report on Monday, January 1st.
According to Zacks, analysts expect that i3 Verticals will report full-year sales of $135.03 million for the current year, with estimates ranging from $134.56 million to $135.52 million. For the next fiscal year, analysts anticipate that the company will post sales of $157.27 million, with estimates ranging from $154.90 million to $159.90 million. Zacks’ sales calculations are a mean average based on a survey of research analysts that cover i3 Verticals.
i3 Verticals (NASDAQ:IIIV) last posted its quarterly earnings results on Monday, May 13th. The company reported $0.08 EPS for the quarter, missing the Zacks’ consensus estimate of $0.17 by ($0.09). i3 Verticals had a positive return on equity of 14.70% and a negative net margin of 0.19%. The company had revenue of $31.40 million during the quarter, compared to the consensus estimate of $29.79 million. During the same quarter in the previous year, the company posted $0.14 earnings per share. The company’s revenue for the quarter was up 25.6% on a year-over-year basis.
IIIV has been the topic of several recent research reports. Zacks Investment Research upgraded shares of HB Fuller from a “sell” rating to a “hold” rating in a report on Tuesday, June 11th. BTIG Research reiterated a “buy” rating and set a $31.00 target price (up from $27.00) on shares of i3 Verticals in a report on Monday, June 24th. One research analyst has rated the stock with a sell rating and five have assigned a buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average target price of $25.50.
i3 Verticals stock traded down $0.70 during midday trading on Friday, hitting $28.27. 141,310 shares of the company’s stock were exchanged, compared to its average volume of 136,702. The company has a current ratio of 0.58, a quick ratio of 0.58 and a debt-to-equity ratio of 0.61. i3 Verticals has a 12 month low of $14.50 and a 12 month high of $31.44. The business’s 50-day moving average price is $26.57. The firm has a market cap of $743.61 million and a P/E ratio of 50.48.
In other news, CEO Gregory S. Daily purchased 84,800 shares of the stock in a transaction dated Tuesday, June 11th. The shares were acquired at an average cost of $23.49 per share, for a total transaction of $1,991,952.00. The acquisition was disclosed in a document filed with the SEC, which is accessible through this link. Also, President Frederick Stanford sold 25,000 shares of the firm’s stock in a transaction dated Friday, May 17th. The shares were sold at an average price of $23.47, for a total transaction of $586,750.00. The disclosure for this sale can be found here. 56.20% of the stock is currently owned by company insiders.
Several large investors have recently added to or reduced their stakes in IIIV. Marshall Wace LLP purchased a new position in shares of i3 Verticals in the 1st quarter valued at approximately $29,000. BNP Paribas Arbitrage SA raised its position in shares of i3 Verticals by 4,273.3% in the 1st quarter. BNP Paribas Arbitrage SA now owns 1,968 shares of the company’s stock valued at $47,000 after purchasing an additional 1,923 shares during the last quarter. New York State Common Retirement Fund purchased a new position in shares of i3 Verticals in the 4th quarter valued at approximately $207,000. Raymond James Financial Services Advisors Inc. purchased a new position in shares of i3 Verticals in the 4th quarter valued at approximately $220,000. Finally, Rhumbline Advisers purchased a new position in shares of i3 Verticals in the 4th quarter valued at approximately $229,000. Institutional investors and hedge funds own 32.94% of the company’s stock.
i3 Verticals Company Profile
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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