Information Services Co. to Post FY2024 Earnings of $2.40 Per Share, Cormark Forecasts (TSE:ISV)

Information Services Co. (TSE:ISV) – Stock analysts at Cormark reduced their FY2024 earnings estimates for Information Services in a research note issued on Monday, September 16th. Cormark analyst J. Pytlak now forecasts that the company will earn $2.40 per share for the year, down from their previous estimate of $2.41. The consensus estimate for Information Services’ current full-year earnings is $2.22 per share.

A number of other analysts also recently weighed in on the company. CIBC upped their target price on Information Services from C$32.00 to C$34.00 in a research report on Friday, August 9th. Royal Bank of Canada upped their price objective on shares of Information Services from C$27.00 to C$30.00 in a research report on Friday, August 9th.

Information Services Trading Down 0.5 %

Shares of ISV stock opened at C$29.86 on Thursday. The stock has a 50 day simple moving average of C$26.94 and a 200 day simple moving average of C$26.43. Information Services has a 1 year low of C$19.22 and a 1 year high of C$30.00. The company has a current ratio of 0.74, a quick ratio of 1.69 and a debt-to-equity ratio of 99.98. The stock has a market cap of C$541.36 million, a P/E ratio of 26.19, a price-to-earnings-growth ratio of 1.19 and a beta of 0.58.

Information Services (TSE:ISV) last announced its earnings results on Wednesday, August 7th. The company reported C$0.77 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of C$0.58 by C$0.19. Information Services had a net margin of 8.75% and a return on equity of 12.37%. The firm had revenue of C$67.85 million for the quarter, compared to analyst estimates of C$62.40 million.

Information Services Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, October 15th. Shareholders of record on Monday, September 30th will be issued a $0.23 dividend. This represents a $0.92 dividend on an annualized basis and a dividend yield of 3.08%. The ex-dividend date of this dividend is Friday, September 27th. Information Services’s dividend payout ratio is presently 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.