What is Raymond James’ Forecast for TSE:ISV FY2024 Earnings?

Information Services Co. (TSE:ISV) – Research analysts at Raymond James decreased their FY2024 EPS estimates for shares of Information Services in a research note issued on Wednesday, November 6th. Raymond James analyst S. Boland now anticipates that the company will post earnings per share of $1.21 for the year, down from their prior estimate of $1.47. The consensus estimate for Information Services’ current full-year earnings is $2.22 per share. Raymond James also issued estimates for Information Services’ FY2025 earnings at $2.16 EPS.

Information Services (TSE:ISV) last issued its quarterly earnings data on Tuesday, November 5th. The company reported C$0.60 earnings per share for the quarter. The firm had revenue of C$60.93 million for the quarter, compared to the consensus estimate of C$63.40 million. Information Services had a net margin of 8.75% and a return on equity of 12.37%.

ISV has been the topic of several other reports. Royal Bank of Canada lifted their price objective on shares of Information Services from C$27.00 to C$30.00 in a research report on Friday, August 9th. CIBC raised their target price on shares of Information Services from C$34.00 to C$35.00 in a research note on Thursday.

Information Services Price Performance

The company has a market cap of C$507.64 million, a P/E ratio of 24.96, a PEG ratio of 1.19 and a beta of 0.59. The firm has a fifty day moving average price of C$28.50 and a 200-day moving average price of C$26.95. Information Services has a 52-week low of C$19.72 and a 52-week high of C$30.00. The company has a debt-to-equity ratio of 99.98, a quick ratio of 1.69 and a current ratio of 0.74.

Information Services Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, January 15th. Shareholders of record on Tuesday, December 31st will be paid a dividend of $0.23 per share. The ex-dividend date of this dividend is Tuesday, December 31st. This represents a $0.92 annualized dividend and a yield of ∞. Information Services’s payout ratio is 80.70%.

Information Services Company Profile

Information Services Corporation provides registry and information management services for public data and records in Canada. It operates through three segments: Registry Operations, Services, and Technology Solutions. The company provides land titles registry services that issues titles to land and registers transactions affecting titles; land survey services, which registers land survey plans and creates a representation of Saskatchewan land parcels in the cadastral parcel mapping system; and geomatics services that manages geographic data in relation to the cadastral parcel mapping system.