i3 Verticals (NASDAQ:IIIV) posted its quarterly earnings results on Thursday. The company reported $0.20 EPS for the quarter, topping the Zacks’ consensus estimate of $0.19 by $0.01, Bloomberg Earnings reports. i3 Verticals had a positive return on equity of 15.38% and a negative net margin of 0.36%. The company had revenue of $36.01 million for the quarter, compared to analysts’ expectations of $35.02 million. During the same period in the previous year, the firm earned $0.14 EPS. The firm’s revenue was up 24.9% compared to the same quarter last year. i3 Verticals updated its FY19 guidance to $0.80-0.85 EPS.
NASDAQ IIIV traded down $4.95 during trading hours on Friday, reaching $23.77. The company’s stock had a trading volume of 393,047 shares, compared to its average volume of 150,772. The business’s 50-day moving average is $28.40. The company has a quick ratio of 0.58, a current ratio of 0.58 and a debt-to-equity ratio of 0.61. i3 Verticals has a 1 year low of $14.80 and a 1 year high of $31.44. The stock has a market cap of $755.45 million, a P/E ratio of 42.45, a price-to-earnings-growth ratio of 2.04 and a beta of 0.22.
In other i3 Verticals news, President Frederick Stanford sold 25,000 shares of i3 Verticals stock in a transaction that occurred on Friday, May 17th. The stock was sold at an average price of $23.47, for a total value of $586,750.00. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CEO Gregory S. Daily acquired 84,800 shares of i3 Verticals stock in a transaction on Tuesday, June 11th. The stock was purchased at an average cost of $23.49 per share, for a total transaction of $1,991,952.00. The disclosure for this purchase can be found here. 56.20% of the stock is currently owned by insiders.
IIIV has been the topic of a number of research analyst reports. Zacks Investment Research cut i3 Verticals from a “hold” rating to a “strong sell” rating in a report on Tuesday, August 6th. ValuEngine cut i3 Verticals from a “buy” rating to a “hold” rating in a report on Tuesday, August 6th. Finally, BTIG Research reissued a “buy” rating and issued a $31.00 price target (up from $27.00) on shares of i3 Verticals in a report on Monday, June 24th. One investment analyst has rated the stock with a sell rating, one has given a hold rating and four have given a buy rating to the company. i3 Verticals presently has an average rating of “Buy” and an average price target of $26.60.
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. The company offers payment processing services, including merchant onboarding, risk and underwriting, authorization, settlement, chargeback processing, and other merchant support.
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