FY2024 Earnings Estimate for Information Services Co. (TSE:ISV) Issued By Edison Inv. Res

Information Services Co. (TSE:ISV - Free Report) - Investment analysts at Edison Inv. Res lowered their FY2024 EPS estimates for shares of Information Services in a research note issued on Tuesday, April 2nd. Edison Inv. Res analyst N. Davies now anticipates that the company will post earnings per share of $1.89 for the year, down from their previous forecast of $2.09. The consensus estimate for Information Services' current full-year earnings is $2.12 per share.

A number of other research firms have also issued reports on ISV. CIBC boosted their target price on shares of Information Services from C$31.00 to C$32.00 in a research note on Thursday, March 14th. Royal Bank of Canada increased their price objective on Information Services from C$24.00 to C$27.00 and gave the stock a "sector perform" rating in a report on Thursday, March 14th. Finally, Raymond James lifted their target price on Information Services from C$27.00 to C$34.00 and gave the company an "outperform" rating in a research note on Thursday, March 14th.

Information Services Stock Performance

Shares of Information Services stock traded up C$0.42 on Friday, reaching C$27.92. 3,661 shares of the company were exchanged, compared to its average volume of 5,345. The firm has a market cap of C$502.56 million, a price-to-earnings ratio of 19.78, a P/E/G ratio of 1.19 and a beta of 0.56. Information Services has a 1-year low of C$19.22 and a 1-year high of C$28.06. The company has a debt-to-equity ratio of 110.89, a quick ratio of 1.69 and a current ratio of 0.76. The company's 50-day moving average is C$24.64 and its two-hundred day moving average is C$22.71.

Information Services (TSE:ISV - Get Free Report) last issued its earnings results on Tuesday, March 12th. The company reported C$0.54 earnings per share for the quarter. Information Services had a net margin of 11.68% and a return on equity of 15.44%. The company had revenue of C$57.49 million for the quarter, compared to analysts' expectations of C$54.00 million.

Insiders Place Their Bets

In other Information Services news, Senior Officer Katherine Hillman-Weir sold 12,311 shares of Information Services stock in a transaction that occurred on Tuesday, March 26th. The shares were sold at an average price of C$27.44, for a total transaction of C$337,813.84. Corporate insiders own 30.22% of the company's stock.

Information Services Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, April 15th. Shareholders of record on Sunday, March 31st will be paid a dividend of $0.23 per share. This represents a $0.92 dividend on an annualized basis and a yield of 3.30%. The ex-dividend date is Wednesday, March 27th. Information Services's dividend payout ratio is presently 66.19%.

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.