i3 Verticals (IIIV) to Release Earnings on Thursday

i3 Verticals (NASDAQ:IIIV) is scheduled to be announcing its earnings results after the market closes on Thursday, August 8th. Analysts expect the company to announce earnings of $0.35 per share for the quarter. i3 Verticals has set its FY 2024 guidance at 1.490-1.570 EPS.Investors that are interested in registering for the company’s conference call can do so using this link.

i3 Verticals (NASDAQ:IIIV) last issued its quarterly earnings data on Friday, May 10th. The company reported $0.16 EPS for the quarter, missing the consensus estimate of $0.19 by ($0.03). The company had revenue of $94.54 million during the quarter, compared to analysts’ expectations of $96.27 million. i3 Verticals had a return on equity of 8.91% and a net margin of 0.63%. 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 Stock Performance

i3 Verticals stock opened at $23.72 on Wednesday. i3 Verticals has a fifty-two week low of $17.54 and a fifty-two week high of $25.51. The stock has a market cap of $793.91 million, a price-to-earnings ratio of 2,374.37 and a beta of 1.58. The stock’s 50 day simple moving average is $21.69 and its two-hundred day simple moving average is $21.45. The company has a debt-to-equity ratio of 0.99, a quick ratio of 0.81 and a current ratio of 0.81.

Analysts Set New Price Targets

IIIV has been the topic of several research reports. Stephens lifted their price target on i3 Verticals from $27.00 to $29.00 and gave the company an “overweight” rating in a research report on Thursday, June 27th. BMO Capital Markets reduced their target price on shares of i3 Verticals from $25.00 to $24.00 and set a “market perform” rating on the stock in a research report on Monday, May 13th. Benchmark lifted their price target on shares of i3 Verticals from $28.00 to $33.00 and gave the company a “buy” rating in a research report on Monday, July 29th. Finally, KeyCorp upped their price objective on shares of i3 Verticals from $23.00 to $26.00 and gave the stock an “overweight” rating in a report on Monday, April 22nd. Two analysts have rated the stock with a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $27.50.

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.