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

Information Services Co. (TSE:ISV) – Analysts at Raymond James lowered their FY2024 earnings estimates for shares of Information Services in a note issued to investors on Wednesday, November 6th. Raymond James analyst S. Boland now anticipates that the company will post earnings per share of $1.21 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.

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

Information Services Price Performance

Shares of TSE:ISV opened at C$28.43 on Friday. The firm has a 50 day moving average of C$28.53 and a 200-day moving average of C$26.96. The stock 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. The company has a current ratio of 0.74, a quick ratio of 1.69 and a debt-to-equity ratio of 99.98. Information Services has a 12 month low of C$19.72 and a 12 month high of C$30.00.

Information Services (TSE:ISV) last issued its earnings results on Tuesday, November 5th. The company reported C$0.60 EPS for the quarter. Information Services had a return on equity of 12.37% and a net margin of 8.75%. The company had revenue of C$60.93 million during the quarter, compared to the consensus estimate of C$63.40 million.

Information Services Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, January 15th. Stockholders of record on Tuesday, December 31st will be issued a dividend of $0.23 per share. The ex-dividend date is Tuesday, December 31st. This represents a $0.92 dividend on an annualized basis and a dividend yield of 3.24%. 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.