Interactive Brokers Group, Inc. (IBKR) Expected to Post Quarterly Sales of $472.00 Million

Equities research analysts forecast that Interactive Brokers Group, Inc. (NASDAQ:IBKR) will report $472.00 million in sales for the current quarter, Zacks reports. Two analysts have issued estimates for Interactive Brokers Group’s earnings, with the highest sales estimate coming in at $473.00 million and the lowest estimate coming in at $471.00 million. Interactive Brokers Group reported sales of $387.00 million during the same quarter last year, which would suggest a positive year over year growth rate of 22%. The firm is scheduled to announce its next earnings report on Tuesday, July 17th.

According to Zacks, analysts expect that Interactive Brokers Group will report full year sales of $2.02 billion for the current fiscal year, with estimates ranging from $1.94 billion to $2.11 billion. For the next financial year, analysts expect that the business will post sales of $2.35 billion per share, with estimates ranging from $2.10 billion to $2.62 billion. Zacks Investment Research’s sales calculations are an average based on a survey of analysts that follow Interactive Brokers Group.

Interactive Brokers Group (NASDAQ:IBKR) last issued its earnings results on Tuesday, April 17th. The financial services provider reported $0.65 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.59 by $0.06. The company had revenue of $527.00 million during the quarter, compared to analyst estimates of $502.56 million. Interactive Brokers Group had a net margin of 4.58% and a return on equity of 2.04%. The company’s revenue for the quarter was up 40.9% on a year-over-year basis. During the same quarter last year, the business posted $0.34 EPS.

A number of equities research analysts have issued reports on IBKR shares. Gabelli reissued a “buy” rating on shares of Interactive Brokers Group in a research note on Tuesday, April 3rd. TheStreet lowered shares of Interactive Brokers Group from a “b” rating to a “c+” rating in a research note on Monday, April 2nd. Zacks Investment Research lowered shares of Interactive Brokers Group from a “buy” rating to a “hold” rating in a research note on Thursday, April 5th. Rosenblatt Securities set a $65.00 target price on shares of Interactive Brokers Group and gave the company a “buy” rating in a research note on Friday, April 6th. Finally, SunTrust Banks lifted their target price on shares of Interactive Brokers Group to $75.00 and gave the company a “hold” rating in a research note on Wednesday, April 18th. Three analysts have rated the stock with a sell rating, three have assigned a hold rating and four have issued a buy rating to the company. The stock has an average rating of “Hold” and a consensus price target of $71.86.

Several hedge funds have recently added to or reduced their stakes in the stock. Baillie Gifford & Co. lifted its stake in shares of Interactive Brokers Group by 2.5% in the 1st quarter. Baillie Gifford & Co. now owns 6,165,648 shares of the financial services provider’s stock valued at $414,578,000 after purchasing an additional 147,978 shares during the last quarter. BlackRock Inc. lifted its stake in shares of Interactive Brokers Group by 4.4% in the 1st quarter. BlackRock Inc. now owns 6,026,103 shares of the financial services provider’s stock valued at $405,194,000 after purchasing an additional 255,296 shares during the last quarter. Cantillon Capital Management LLC lifted its stake in shares of Interactive Brokers Group by 24.6% in the 1st quarter. Cantillon Capital Management LLC now owns 2,541,244 shares of the financial services provider’s stock valued at $170,873,000 after purchasing an additional 501,191 shares during the last quarter. Kayne Anderson Rudnick Investment Management LLC lifted its stake in shares of Interactive Brokers Group by 1.9% in the 1st quarter. Kayne Anderson Rudnick Investment Management LLC now owns 2,406,625 shares of the financial services provider’s stock valued at $161,822,000 after purchasing an additional 44,619 shares during the last quarter. Finally, Thrivent Financial for Lutherans lifted its stake in shares of Interactive Brokers Group by 2.8% in the 1st quarter. Thrivent Financial for Lutherans now owns 2,367,972 shares of the financial services provider’s stock valued at $159,223,000 after purchasing an additional 64,871 shares during the last quarter. 15.09% of the stock is owned by institutional investors and hedge funds.

Shares of NASDAQ:IBKR opened at $64.41 on Friday. The firm has a market cap of $26.68 billion, a price-to-earnings ratio of 42.10, a P/E/G ratio of 1.49 and a beta of 0.95. Interactive Brokers Group has a 12-month low of $36.23 and a 12-month high of $80.32.

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, June 14th. Investors of record on Friday, June 1st were paid a $0.10 dividend. This represents a $0.40 annualized dividend and a dividend yield of 0.62%. The ex-dividend date of this dividend was Thursday, May 31st. Interactive Brokers Group’s payout ratio is presently 26.14%.

Interactive Brokers Group Company Profile

Interactive Brokers Group, Inc operates as an automated electronic broker in approximately 120 electronic exchanges and market centers worldwide. It specializes in executing and clearing trades in securities, futures, foreign exchange instruments, bonds, and mutual funds. The company custodies and services accounts for hedge and mutual funds, registered investment advisors, proprietary trading groups, introducing brokers, and individual investors.

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Earnings History and Estimates for Interactive Brokers Group (NASDAQ:IBKR)

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