Jefferies Group Weighs in on IAC/InterActiveCorp’s Q1 2018 Earnings (IAC)

IAC/InterActiveCorp (NASDAQ:IAC) – Equities researchers at Jefferies Group issued their Q1 2018 earnings estimates for IAC/InterActiveCorp in a note issued to investors on Sunday. Jefferies Group analyst B. Thill anticipates that the company will post earnings per share of $0.55 for the quarter. Jefferies Group has a “Buy” rating on the stock. Jefferies Group also issued estimates for IAC/InterActiveCorp’s Q3 2018 earnings at $1.10 EPS, Q4 2018 earnings at $1.36 EPS and FY2018 earnings at $3.97 EPS.

A number of other brokerages also recently weighed in on IAC. BidaskClub raised IAC/InterActiveCorp from a “hold” rating to a “buy” rating in a research note on Friday, December 22nd. Wells Fargo & Co reissued an “outperform” rating and issued a $168.00 price objective (up from $150.00) on shares of IAC/InterActiveCorp in a research note on Monday. Zacks Investment Research downgraded IAC/InterActiveCorp from a “hold” rating to a “strong sell” rating in a research note on Tuesday, December 19th. Bank of America reissued a “buy” rating and issued a $150.00 price objective (up from $133.00) on shares of IAC/InterActiveCorp in a research note on Tuesday, October 10th. Finally, Guggenheim reissued a “buy” rating and issued a $150.00 price objective on shares of IAC/InterActiveCorp in a research note on Friday, December 22nd. Three analysts have rated the stock with a hold rating and twenty have issued a buy rating to the company. IAC/InterActiveCorp presently has a consensus rating of “Buy” and a consensus target price of $143.62.

Shares of IAC/InterActiveCorp (IAC) traded down $1.44 during mid-day trading on Wednesday, hitting $132.10. The company had a trading volume of 629,400 shares, compared to its average volume of 712,257. The company has a debt-to-equity ratio of 0.57, a current ratio of 2.07 and a quick ratio of 2.07. IAC/InterActiveCorp has a 1-year low of $66.35 and a 1-year high of $137.86. The company has a market cap of $10,950.00, a P/E ratio of 29.62, a price-to-earnings-growth ratio of 4.27 and a beta of 1.09.

IAC/InterActiveCorp (NASDAQ:IAC) last issued its quarterly earnings data on Wednesday, November 8th. The company reported $0.55 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.69 by ($0.14). IAC/InterActiveCorp had a net margin of 11.81% and a return on equity of 4.26%. The company had revenue of $828.40 million during the quarter, compared to the consensus estimate of $810.36 million. During the same period in the previous year, the business posted $0.73 earnings per share. The firm’s revenue was up 8.4% on a year-over-year basis.

Large investors have recently made changes to their positions in the company. Fieldpoint Private Securities LLC acquired a new stake in shares of IAC/InterActiveCorp during the 3rd quarter worth approximately $105,000. FNY Partners Fund LP acquired a new stake in shares of IAC/InterActiveCorp during the 2nd quarter worth approximately $152,000. Timber Hill LLC acquired a new stake in shares of IAC/InterActiveCorp during the 3rd quarter worth approximately $208,000. Crossmark Global Holdings Inc. acquired a new stake in shares of IAC/InterActiveCorp during the 3rd quarter worth approximately $212,000. Finally, Breton Hill Capital Ltd. acquired a new stake in shares of IAC/InterActiveCorp during the 3rd quarter worth approximately $224,000. 86.61% of the stock is currently owned by institutional investors.

In other news, EVP Gregg Winiarski sold 62,253 shares of IAC/InterActiveCorp stock in a transaction that occurred on Tuesday, January 2nd. The stock was sold at an average price of $127.19, for a total transaction of $7,917,959.07. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, EVP Mark J. Stein sold 26,887 shares of IAC/InterActiveCorp stock in a transaction that occurred on Thursday, December 21st. The stock was sold at an average price of $126.68, for a total value of $3,406,045.16. The disclosure for this sale can be found here. Insiders sold a total of 175,929 shares of company stock worth $22,516,569 in the last ninety days. Insiders own 11.30% of the company’s stock.

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About IAC/InterActiveCorp

IAC/InterActiveCorp (IAC) is a media and Internet company. The Company’s brands include HomeAdvisor, Vimeo, Dictionary.com and Match Group’s online dating portfolio, which includes Tinder, PlentyOfFish and OkCupid. Its segments include Match Group, HomeAdvisor, Video, Applications and Publishing. Match Group includes the dating and non-dating businesses of Match Group, Inc HomeAdvisor is a home services digital marketplace that helps connect consumers with home professionals in North America, as well as in France, the Netherlands and Italy under various brands.

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