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

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

NASDAQ IIIV traded down $0.06 during trading on Friday, reaching $31.57. 435 shares of the company’s stock traded hands, compared to its average volume of 147,073. The company has a debt-to-equity ratio of 0.63, a quick ratio of 0.55 and a current ratio of 0.55. The stock has a market cap of $1.02 billion, a price-to-earnings ratio of -150.62, a price-to-earnings-growth ratio of 2.28 and a beta of 1.62. The company has a 50 day simple moving average of $31.78. i3 Verticals has a 12-month low of $20.25 and a 12-month high of $35.99.

i3 Verticals (NASDAQ:IIIV) last posted its earnings results on Monday, May 10th. The company reported $0.23 EPS for the quarter, beating analysts’ consensus estimates 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, analysts predict that i3 Verticals will post 0.69 earnings per share for the current year.

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

In related news, Director David M. Wilds sold 200,000 shares of i3 Verticals stock in a transaction that occurred on Monday, March 15th. The shares were sold at an average price of $32.83, for a total value of $6,566,000.00. Following the completion of the sale, the director now directly owns 270,636 shares in the company, valued at approximately $8,884,979.88. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 31.90% of the stock is owned by company 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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