i3 Verticals (NASDAQ:IIIV) Releases FY 2024 Earnings Guidance

i3 Verticals (NASDAQ:IIIVGet Free Report) updated its FY 2024 earnings guidance on Friday. The company provided earnings per share (EPS) guidance of 1.490-1.570 for the period, compared to the consensus estimate of 1.590. The company issued revenue guidance of $380.0 million-$394.0 million, compared to the consensus revenue estimate of $393.9 million.

i3 Verticals Stock Performance

Shares of IIIV stock opened at $20.05 on Monday. The company has a market cap of $669.07 million, a P/E ratio of 2,007.01 and a beta of 1.56. The firm has a fifty day moving average price of $22.47 and a 200 day moving average price of $20.97. The company has a current ratio of 0.50, a quick ratio of 0.50 and a debt-to-equity ratio of 0.85. i3 Verticals has a 12 month low of $17.54 and a 12 month high of $25.70.

i3 Verticals (NASDAQ:IIIVGet Free Report) last released its quarterly earnings data on Thursday, February 8th. The company reported $0.23 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.22 by $0.01. i3 Verticals had a return on equity of 9.04% and a net margin of 0.63%. The business had revenue of $91.99 million during the quarter, compared to analysts’ expectations of $92.92 million. Sell-side analysts predict that i3 Verticals will post 0.93 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

IIIV has been the topic of several recent analyst reports. Benchmark reiterated a buy rating and issued a $28.00 price target on shares of i3 Verticals in a research note on Monday, April 1st. KeyCorp boosted their price target on shares of i3 Verticals from $23.00 to $26.00 and gave the company an overweight rating in a research report on Monday, April 22nd. TheStreet raised i3 Verticals from a d+ rating to a c- rating in a report on Monday, March 18th. Morgan Stanley dropped their price objective on shares of i3 Verticals from $25.00 to $20.00 and set an equal weight rating on the stock in a research note on Monday, February 12th. Finally, BMO Capital Markets dropped their price objective on shares of i3 Verticals from $24.00 to $23.00 and set a market perform rating on the stock in a research note on Monday, February 12th. Two research analysts have rated the stock with a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of Moderate Buy and a consensus target price of $27.43.

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i3 Verticals Company Profile

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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.

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