Stock analysts predict that i3 Verticals, Inc. (NASDAQ:IIIV – Get Rating) will post sales of $76.77 million for the current quarter, reports Zacks Investment Research. Four analysts have released earnings estimates for i3 Verticals, with the lowest sales estimate at $73.29 million and the highest estimate at $79.13 million. i3 Verticals recorded sales of $60.71 million in the same quarter last year, suggesting a positive year-over-year growth rate of 26.5%. The company is due to release its next quarterly results on Monday, January 1.
According to Zacks, analysts expect i3 Verticals to record annual sales of $307.76 million for the current fiscal year, with estimates ranging from $306.40 million to $309.58 million. For the next fiscal year, analysts expect the company to post sales of $341.61 million, with estimates ranging from $336.69 million to $348.50 million. Zacks Investment Research’s sales averages are an average based on a survey of sell-side research firms that cover i3 Verticals.
i3 Verticals (NASDAQ:IIIV – Get Rating) last released results on Monday, May 9. The company reported earnings per share (EPS) of $0.37 for the quarter, beating the consensus estimate of $0.11 by $0.26. i3 Verticals recorded a negative net margin of 4.87% and a positive return on equity of 8.01%. During the same period of the previous year, the company achieved EPS of $0.14.
Several research analysts have recently published reports on IIIV shares. TheStreet upgraded the shares of i3 Verticals from a “d+” rating to a “c-” rating in a Wednesday, March 16 research note. Zacks Investment Research downgraded shares of i3 Verticals from a “buy” rating to a “hold” rating in a Wednesday, May 18 research note. Finally, Morgan Stanley raised its price target on i3 Verticals shares from $24.50 to $26.50 and gave the company an “equal weight” rating in a Thursday, Feb. 10 research report. Two analysts gave the stock a hold rating, two gave the stock a buy rating and one gave the company’s stock a high buy rating. According to data from MarketBeat, the company currently has a consensus rating of “Buy” and a consensus target price of $30.70.
A number of institutional investors and hedge funds have recently increased or reduced their stakes in the company. Grandeur Peak Global Advisors LLC increased its position in i3 Verticals by 2.1% in the fourth quarter. Grandeur Peak Global Advisors LLC now owns 20,493 shares of the company worth $467,000 after acquiring an additional 413 shares during the period. Cubist Systematic Strategies LLC increased its position in i3 Verticals by 7.0% in the third quarter. Cubist Systematic Strategies LLC now owns 8,588 shares of the company worth $208,000 after acquiring an additional 561 shares during the period. Voya Investment Management LLC increased its position in i3 Verticals by 7.7% in the third quarter. Voya Investment Management LLC now owns 8,369 shares of the company worth $203,000 after acquiring an additional 595 shares during the period. Metropolitan Life Insurance Co NY increased its position in i3 Verticals by 13.4% in the third quarter. Metropolitan Life Insurance Co NY now owns 5,829 shares of the company worth $141,000 after acquiring an additional 687 shares during the period. Finally, Mitsubishi UFJ Kokusai Asset Management Co. Ltd. increased its position in i3 Verticals by 8.2% in the first quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 9,761 shares of the company worth $272,000 after acquiring an additional 741 shares during the period. Institutional investors and hedge funds hold 65.21% of the company’s shares.
Shares of NASDAQ IIIV opened at $23.80 on Tuesday. The company’s 50-day moving average price is $26.06 and its 200-day moving average price is $24.23. The company has a market capitalization of $768.31 million, a PE ratio of -37.19, a P/E/G ratio of 2.44 and a beta of 1.40. i3 Verticals has a 52 week low of $17.80 and a 52 week high of $32.97. The company has a debt ratio of 1.00, a quick ratio of 0.58 and a current ratio of 0.58.
i3 Verticals Company Profile (Get a rating)
i3 Verticals, Inc provides integrated software and payment solutions to small and medium businesses and organizations in the education, non-profit, public sector and healthcare markets in the United States. It operates in two segments, Merchant Services and Proprietary Software and Payments. The Company offers payment processing services that enable customers to accept electronic payments, facilitating the exchange of funds and transaction data between customers, financial institutions and payment networks.
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