Information Services (TSE:ISV) Issues Earnings Results

Information Services (TSE:ISV) announced its quarterly earnings results on Tuesday. The company reported C$0.60 EPS for the quarter, reports. 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 return on equity of 12.37% and a net margin of 8.75%.

Information Services Stock Performance

Information Services has a 12-month low of C$19.72 and a 12-month high of C$30.00. The business has a 50-day simple moving average of C$28.50 and a 200 day simple moving average of C$26.95. The firm has a market capitalization 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. 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 Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, January 15th. Investors of record on Tuesday, December 31st will be issued a $0.23 dividend. The ex-dividend date of this dividend is Tuesday, December 31st. This represents a $0.92 dividend on an annualized basis and a dividend yield of ∞. Information Services’s payout ratio is currently 80.70%.

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on the stock. CIBC lifted their target price on shares of Information Services from C$34.00 to C$35.00 in a report on Thursday. Royal Bank of Canada upped their price target on shares of Information Services from C$27.00 to C$30.00 in a report on Friday, August 9th.

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.