Equities research analysts expect that IAC/InterActiveCorp (NASDAQ:IAC) will announce earnings per share of $1.00 for the current quarter, Zacks Investment Research reports. Five analysts have issued estimates for IAC/InterActiveCorp’s earnings, with the highest EPS estimate coming in at $1.21 and the lowest estimate coming in at $0.81. IAC/InterActiveCorp reported earnings per share of $1.40 in the same quarter last year, which suggests a negative year over year growth rate of 28.6%. The business is scheduled to report its next quarterly earnings results on Wednesday, February 6th.
According to Zacks, 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 financial year, analysts anticipate that the business will post earnings of $4.98 per share, with EPS estimates ranging from $2.76 to $6.17. Zacks Investment Research’s earnings per share calculations are a mean average based on a survey of research firms that cover IAC/InterActiveCorp.
IAC/InterActiveCorp (NASDAQ:IAC) last announced its quarterly earnings results on Wednesday, November 7th. The company reported $1.49 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.03 by $0.46. IAC/InterActiveCorp had a return on equity of 15.84% and a net margin of 11.39%. The company had revenue of $1.10 billion during the quarter, compared to the consensus estimate of $1.07 billion. During the same period in the prior year, the company earned $0.55 earnings per share. The company’s revenue for the quarter was up 33.3% compared to the same quarter last year.
IAC has been the subject of several recent analyst reports. BMO Capital Markets increased their price target on IAC/InterActiveCorp to $282.00 and gave the stock an “outperform” rating in a report on Friday, November 9th. Credit Suisse Group increased their price target on IAC/InterActiveCorp from $183.00 to $220.00 and gave the stock an “outperform” rating in a report on Friday, August 10th. Wells Fargo & Co lowered their price target on IAC/InterActiveCorp from $220.00 to $210.00 and set an “outperform” rating for the company in a report on Monday, November 12th. Zacks Investment Research downgraded IAC/InterActiveCorp from a “buy” rating to a “hold” rating in a report on Wednesday, August 29th. Finally, Jefferies Financial Group increased their price target on IAC/InterActiveCorp to $240.00 and gave the stock a “buy” rating in a report on Tuesday, September 4th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and nineteen have issued a buy rating to the company. IAC/InterActiveCorp currently has an average rating of “Buy” and a consensus price target of $222.25.
In related news, CFO Glenn Schiffman sold 2,000 shares of the stock in a transaction that occurred on Monday, October 1st. The stock was sold at an average price of $217.22, for a total transaction of $434,440.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 10.90% of the company’s stock.
A number of hedge funds and other institutional investors have recently modified their holdings of IAC. OLD Mutual Customised Solutions Proprietary Ltd. acquired a new position in IAC/InterActiveCorp during the second quarter valued at approximately $107,000. Stratos Wealth Partners LTD. acquired a new position in IAC/InterActiveCorp during the third quarter valued at approximately $131,000. Rehmann Capital Advisory Group boosted its position in IAC/InterActiveCorp by 19,016.0% during the third quarter. Rehmann Capital Advisory Group now owns 40,526 shares of the company’s stock valued at $187,000 after purchasing an additional 40,314 shares during the last quarter. Meiji Yasuda Asset Management Co Ltd. acquired a new position in IAC/InterActiveCorp during the third quarter valued at approximately $206,000. Finally, Ibex Investors LLC acquired a new position in IAC/InterActiveCorp during the third quarter valued at approximately $214,000. 86.26% of the stock is owned by hedge funds and other institutional investors.
Shares of IAC/InterActiveCorp stock traded down $2.32 during trading hours on Friday, hitting $177.96. The company’s stock had a trading volume of 892,757 shares, 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 market capitalization of $14.86 billion, a P/E ratio of 231.12, a price-to-earnings-growth ratio of 2.14 and a beta of 1.35. The company has a debt-to-equity ratio of 0.60, a current ratio of 2.77 and a quick ratio of 2.77.
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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