IAC/InterActiveCorp (IAC) to Post Q2 2018 Earnings of $0.98 Per Share, Jefferies Group Forecasts

IAC/InterActiveCorp (NASDAQ:IAC) – Investment analysts at Jefferies Group issued their Q2 2018 earnings per share (EPS) estimates for shares of IAC/InterActiveCorp in a report issued on Sunday, Zacks Investment Research reports. Jefferies Group analyst B. Thill expects that the company will earn $0.98 per share for the quarter. Jefferies Group currently has a “Buy” rating on the stock. Jefferies Group also issued estimates for IAC/InterActiveCorp’s FY2019 earnings at $6.22 EPS.

IAC/InterActiveCorp (NASDAQ:IAC) last released its quarterly earnings data on Wednesday, November 8th. The company reported $0.55 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.69 by ($0.14). IAC/InterActiveCorp had a return on equity of 4.26% and a net margin of 11.81%. The company had revenue of $828.40 million for the quarter, compared to analyst estimates of $810.36 million. During the same quarter in the prior year, the company earned $0.73 earnings per share. The business’s revenue was up 8.4% compared to the same quarter last year.

Other research analysts have also issued reports about the company. BidaskClub lowered IAC/InterActiveCorp from a “strong-buy” rating to a “buy” rating in a research note on Saturday, October 21st. Wells Fargo & Co restated a “buy” rating and issued a $150.00 target price (up from $125.00) on shares of IAC/InterActiveCorp in a research note on Thursday, October 19th. Zacks Investment Research upgraded IAC/InterActiveCorp from a “hold” rating to a “buy” rating and set a $140.00 target price for the company in a research note on Monday, October 23rd. BMO Capital Markets restated a “buy” rating and issued a $160.00 target price (up from $130.00) on shares of IAC/InterActiveCorp in a research note on Friday, October 13th. Finally, Goldman Sachs Group restated a “buy” rating and issued a $150.00 target price on shares of IAC/InterActiveCorp in a research note on Wednesday, October 11th. Three investment analysts have rated the stock with a hold rating and twenty have issued a buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus target price of $143.62.

IAC/InterActiveCorp (NASDAQ:IAC) traded up $0.12 during trading on Tuesday, reaching $145.09. The company’s stock had a trading volume of 1,060,000 shares, compared to its average volume of 670,998. The company has a quick ratio of 2.07, a current ratio of 2.07 and a debt-to-equity ratio of 0.57. IAC/InterActiveCorp has a 1 year low of $66.35 and a 1 year high of $146.84. The firm has a market capitalization of $11,900.00, a price-to-earnings ratio of 32.53, a P/E/G ratio of 4.43 and a beta of 1.09.

In other news, EVP Gregg Winiarski sold 62,253 shares of IAC/InterActiveCorp stock in a transaction dated Tuesday, January 2nd. The stock was sold at an average price of $127.19, for a total transaction of $7,917,959.07. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, Director Edgar Bronfman, Jr. sold 2,289 shares of IAC/InterActiveCorp stock in a transaction dated Wednesday, December 6th. The shares were sold at an average price of $122.94, for a total value of $281,409.66. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 175,929 shares of company stock worth $22,516,569. Company insiders own 10.60% of the company’s stock.

Large investors have recently added to or reduced their stakes in the company. Fieldpoint Private Securities LLC bought a new position in shares of IAC/InterActiveCorp during the 3rd quarter valued at about $105,000. Cerebellum GP LLC acquired a new stake in IAC/InterActiveCorp in the 4th quarter valued at approximately $124,000. Livforsakringsbolaget Skandia Omsesidigt acquired a new stake in IAC/InterActiveCorp in the 4th quarter valued at approximately $147,000. FNY Partners Fund LP acquired a new stake in IAC/InterActiveCorp in the 2nd quarter valued at approximately $152,000. Finally, Timber Hill LLC acquired a new stake in IAC/InterActiveCorp in the 3rd quarter valued at approximately $208,000. Institutional investors and hedge funds own 86.59% of the company’s stock.

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IAC/InterActiveCorp Company Profile

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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