Equities research analysts predict that IAC/InterActiveCorp (NASDAQ:IAC) will report earnings per share (EPS) of $0.89 for the current fiscal quarter, according to Zacks Investment Research. Two analysts have provided estimates for IAC/InterActiveCorp’s earnings, with the lowest EPS estimate coming in at $0.87 and the highest estimate coming in at $0.91. IAC/InterActiveCorp posted earnings per share of $0.71 during the same quarter last year, which suggests a positive year-over-year growth rate of 25.4%. The business is scheduled to announce its next earnings report on Thursday, February 7th.
According to Zacks, analysts expect that IAC/InterActiveCorp will report full year earnings of $4.80 per share for the current fiscal year, with EPS estimates ranging from $2.70 to $6.09. For the next year, analysts expect that the business will report earnings of $7.09 per share, with EPS estimates ranging from $6.00 to $7.92. Zacks Investment Research’s earnings per share calculations are an average based on a survey of analysts that cover IAC/InterActiveCorp.
IAC/InterActiveCorp (NASDAQ:IAC) last announced its quarterly earnings data on Thursday, February 7th. The company reported $2.04 earnings per share for the quarter, beating the consensus estimate of $0.99 by $1.05. The business had revenue of $1.10 billion during the quarter, compared to analyst estimates of $1.07 billion. IAC/InterActiveCorp had a return on equity of 15.84% and a net margin of 11.39%. IAC/InterActiveCorp’s revenue was up 16.1% compared to the same quarter last year. During the same period in the prior year, the company earned $0.37 earnings per share.
Several equities research analysts recently weighed in on IAC shares. BidaskClub downgraded shares of IAC/InterActiveCorp from a “buy” rating to a “hold” rating in a research note on Thursday, November 8th. Zacks Investment Research cut IAC/InterActiveCorp from a “buy” rating to a “hold” rating in a research report on Friday, November 9th. Wells Fargo & Co decreased their price target on IAC/InterActiveCorp from $220.00 to $210.00 and set an “outperform” rating on the stock in a report on Monday, November 12th. ValuEngine raised IAC/InterActiveCorp from a “buy” rating to a “strong-buy” rating in a report on Tuesday, January 29th. Finally, Aegis reissued a “buy” rating and issued a $250.00 price objective on shares of IAC/InterActiveCorp in a research note on Thursday, November 22nd. Two analysts have rated the stock with a sell rating, two have assigned a hold rating, eighteen have assigned a buy rating and one has assigned a strong buy rating to the stock. The company presently has an average rating of “Buy” and a consensus price target of $231.51.
In other IAC/InterActiveCorp news, CFO Glenn Schiffman sold 1,000 shares of the company’s stock in a transaction dated Wednesday, January 2nd. The shares were sold at an average price of $178.91, for a total value of $178,910.00. The sale was disclosed in a filing with the SEC, which is available through this link. Over the last quarter, insiders have sold 4,000 shares of company stock valued at $796,530. Company insiders own 10.90% of the company’s stock.
Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Csenge Advisory Group bought a new stake in shares of IAC/InterActiveCorp during the third quarter valued at about $29,000. Lindbrook Capital LLC acquired a new position in IAC/InterActiveCorp in the fourth quarter valued at about $34,000. Quantamental Technologies LLC acquired a new stake in IAC/InterActiveCorp in the 4th quarter valued at approximately $43,000. Athena Capital Advisors LLC acquired a new stake in IAC/InterActiveCorp during the 4th quarter worth approximately $64,000. Finally, Stratos Wealth Partners LTD. acquired a new position in shares of IAC/InterActiveCorp during the 3rd quarter worth $131,000. 86.75% of the stock is currently owned by institutional investors and hedge funds.
IAC/InterActiveCorp stock traded up $0.03 during midday trading on Friday, reaching $215.96. The stock had a trading volume of 1,135,750 shares, compared to its average volume of 752,021. The firm has a market capitalization of $18.03 billion, a P/E ratio of 280.47, a price-to-earnings-growth ratio of 2.24 and a beta of 1.14. IAC/InterActiveCorp has a 52-week low of $128.80 and a 52-week high of $223.54. 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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