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

Information Services Co. (TSE:ISV) – Analysts at Raymond James decreased their FY2024 EPS estimates for Information Services in a research note issued to investors on Wednesday, November 6th. Raymond James analyst S. Boland now anticipates that the company will earn $1.21 per share for the year, down from their previous forecast 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 released its quarterly earnings data on Tuesday, November 5th. The company reported C$0.60 earnings per share (EPS) for the quarter. The company had revenue of C$60.93 million during the quarter, compared to analyst estimates of C$63.40 million. Information Services had a net margin of 8.75% and a return on equity of 12.37%.

Other equities research analysts have also issued reports about the stock. CIBC raised their price target on shares of Information Services from C$34.00 to C$35.00 in a report on Thursday. Royal Bank of Canada raised their price target on shares of Information Services from C$27.00 to C$30.00 in a report on Friday, August 9th.

Information Services Stock Performance

The company’s fifty day moving average price is C$28.50 and its two-hundred day moving average price is C$26.95. The firm has a market cap of C$507.64 million, a price-to-earnings ratio of 24.96, a price-to-earnings-growth ratio of 1.19 and a beta of 0.59. Information Services has a fifty-two week low of C$19.72 and a fifty-two 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 disclosed a quarterly dividend, which will be paid on Wednesday, January 15th. Shareholders of record on Tuesday, December 31st will be issued a dividend of $0.23 per share. This represents a $0.92 annualized dividend and a yield of ∞. The ex-dividend date of this dividend is Tuesday, December 31st. Information Services’s dividend payout ratio is currently 80.70%.

About Information Services

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.