Raymond James Analysts Reduce Earnings Estimates for TSE:ISV

Information Services Co. (TSE:ISV) – Analysts at Raymond James dropped their FY2024 EPS estimates for shares of Information Services in a report released on Wednesday, November 6th. Raymond James analyst S. Boland now expects that the company will post earnings of $1.21 per share for the year, down from their prior estimate 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 issued its earnings results on Tuesday, November 5th. The company reported C$0.60 earnings per share (EPS) for the quarter. Information Services had a return on equity of 12.37% and a net margin of 8.75%. The business had revenue of C$60.93 million for the quarter, compared to analysts’ expectations of C$63.40 million.

Several other brokerages have also weighed in on ISV. CIBC raised their price objective on shares of Information Services from C$34.00 to C$35.00 in a research report on Thursday. Royal Bank of Canada increased their target price on shares of Information Services from C$27.00 to C$30.00 in a research report on Friday, August 9th.

Information Services Stock Performance

Shares of ISV opened at C$28.43 on Friday. 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 has a 52 week low of C$19.72 and a 52 week high of C$30.00. The company’s 50 day moving average price is C$28.53 and its 200 day moving average price is C$26.96. The company has a market capitalization of C$515.44 million, a PE ratio of 24.94, a PEG ratio of 1.19 and a beta of 0.59.

Information Services Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 15th. Investors 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 dividend yield of 3.24%. The ex-dividend date of this dividend is Tuesday, December 31st. Information Services’s dividend payout ratio is currently 80.70%.

Information Services Company Profile

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.