Wall Street analysts forecast that IAC/InterActiveCorp (NASDAQ:IAC) will post $1.00 earnings per share (EPS) for the current quarter, Zacks Investment Research reports. Five analysts have provided estimates for IAC/InterActiveCorp’s earnings. The lowest EPS estimate is $0.81 and the highest is $1.21. IAC/InterActiveCorp reported earnings of $1.40 per share during the same quarter last year, which would indicate a negative year-over-year growth rate of 28.6%. The business is scheduled to report its next quarterly earnings report on Wednesday, February 6th.
On average, analysts expect that IAC/InterActiveCorp will report full-year earnings of $5.54 per share for the current fiscal year, with EPS estimates ranging from $5.33 to $5.70. For the next fiscal year, analysts anticipate that the firm will post earnings of $4.98 per share, with EPS estimates ranging from $2.76 to $6.17. Zacks’ EPS calculations are a mean average based on a survey of sell-side analysts that follow IAC/InterActiveCorp.
IAC/InterActiveCorp (NASDAQ:IAC) last posted its earnings results on Wednesday, November 7th. The company reported $1.49 EPS for the quarter, beating the Zacks’ consensus estimate of $1.03 by $0.46. IAC/InterActiveCorp had a net margin of 11.39% and a return on equity of 15.84%. The company had revenue of $1.10 billion during the quarter, compared to analysts’ expectations of $1.07 billion. During the same quarter in the prior year, the company posted $0.55 earnings per share. IAC/InterActiveCorp’s revenue for the quarter was up 33.3% compared to the same quarter last year.
A number of equities research analysts recently commented on the stock. Barclays increased their target price on shares of IAC/InterActiveCorp to $244.00 and gave the company an “overweight” rating in a research report on Friday, August 10th. Credit Suisse Group increased their target price on shares of IAC/InterActiveCorp from $183.00 to $220.00 and gave the company an “outperform” rating in a research report on Friday, August 10th. ValuEngine raised shares of IAC/InterActiveCorp from a “buy” rating to a “strong-buy” rating in a research report on Thursday, August 9th. BidaskClub raised shares of IAC/InterActiveCorp from a “buy” rating to a “strong-buy” rating in a research report on Thursday, August 9th. Finally, BMO Capital Markets reissued a “buy” rating and set a $250.00 target price (up previously from $216.00) on shares of IAC/InterActiveCorp in a research report on Thursday, August 9th. One analyst has rated the stock with a sell rating, three have given a hold rating and nineteen have given a buy rating to the stock. The stock has an average rating of “Buy” and a consensus target price of $222.25.
NASDAQ:IAC traded down $2.32 during midday trading on Friday, reaching $177.96. 892,757 shares of the stock traded hands, compared to its average volume of 1,143,768. IAC/InterActiveCorp has a 12-month low of $118.83 and a 12-month high of $223.54. The company has a quick ratio of 2.77, a current ratio of 2.77 and a debt-to-equity ratio of 0.60. The stock has a market capitalization of $14.86 billion, a price-to-earnings ratio of 231.12, a PEG ratio of 2.14 and a beta of 1.35.
In other IAC/InterActiveCorp news, CFO Glenn Schiffman sold 2,000 shares of the company’s stock in a transaction that occurred on Monday, October 1st. The shares were sold at an average price of $217.22, for a total transaction of $434,440.00. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Corporate insiders own 10.90% of the company’s stock.
Institutional investors have recently modified their holdings of the business. Stratos Wealth Partners LTD. acquired a new position in IAC/InterActiveCorp during the 3rd quarter valued at approximately $131,000. OLD Mutual Customised Solutions Proprietary Ltd. acquired a new position in IAC/InterActiveCorp during the 2nd quarter valued at approximately $107,000. Meiji Yasuda Asset Management Co Ltd. acquired a new position in IAC/InterActiveCorp during the 3rd quarter valued at approximately $206,000. Ibex Investors LLC acquired a new position in IAC/InterActiveCorp during the 3rd quarter valued at approximately $214,000. Finally, MML Investors Services LLC acquired a new position in IAC/InterActiveCorp during the 3rd quarter valued at approximately $215,000. Institutional investors and hedge funds own 86.26% of the company’s stock.
IAC/InterActiveCorp Company Profile
IAC/InterActiveCorp, together with its subsidiaries, operates as a media and Internet company in the United States and internationally. It operates through Match Group, ANGI Homeservices, Video, Applications, and Publishing segments. The Match Group segment provides subscription dating products, which enable users to establish a profile and review the profiles of other users in 42 languages.
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