i3 Verticals (NASDAQ:IIIV) Issues FY 2021 Earnings Guidance

i3 Verticals (NASDAQ:IIIV) updated its FY 2021 earnings guidance on Tuesday. The company provided earnings per share (EPS) guidance of $0.980-1.080 for the period, compared to the Thomson Reuters consensus estimate of $1.010. The company issued revenue guidance of $204 million-220 million, compared to the consensus revenue estimate of $203.61 million.

Separately, Zacks Investment Research raised shares of i3 Verticals from a sell rating to a hold rating in a research report on Friday, April 23rd. One analyst has rated the stock with a sell rating, one has issued a hold rating, six have given a buy rating and one has given a strong buy rating to the company’s stock. i3 Verticals currently has a consensus rating of Buy and a consensus price target of $37.25.

NASDAQ IIIV traded down $0.06 during trading hours on Friday, reaching $31.57. The company had a trading volume of 435 shares, compared to its average volume of 147,073. The firm has a 50-day moving average price of $31.78. i3 Verticals has a 1-year low of $20.25 and a 1-year high of $35.99. The company has a debt-to-equity ratio of 0.63, a current ratio of 0.55 and a quick ratio of 0.55. The company has a market capitalization of $1.02 billion, a PE ratio of -150.62, a P/E/G ratio of 2.28 and a beta of 1.62.

i3 Verticals (NASDAQ:IIIV) last issued its quarterly earnings results on Monday, May 10th. The company reported $0.23 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.13 by $0.10. i3 Verticals had a negative net margin of 1.95% and a positive return on equity of 6.18%. As a group, research analysts forecast that i3 Verticals will post 0.69 EPS for the current fiscal year.

In other i3 Verticals news, Director David M. Wilds sold 200,000 shares of the business’s stock in a transaction dated Monday, March 15th. The shares were sold at an average price of $32.83, for a total transaction of $6,566,000.00. Following the sale, the director now directly owns 270,636 shares in the company, valued at $8,884,979.88. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 31.90% of the stock is owned by corporate insiders.

About i3 Verticals

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. It operates in two segments, Merchant Services, and Proprietary Software and Payments.

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