Equities analysts expect ILG Inc (NASDAQ:ILG) to post sales of $473.00 million for the current fiscal quarter, Zacks reports. Three analysts have made estimates for ILG’s earnings, with estimates ranging from $467.00 million to $479.00 million. ILG posted sales of $450.00 million in the same quarter last year, which would indicate a positive year-over-year growth rate of 5.1%. The firm is expected to announce its next quarterly earnings report on Thursday, August 2nd.
On average, analysts expect that ILG will report full year sales of $1.91 billion for the current year, with estimates ranging from $1.87 billion to $1.93 billion. For the next financial year, analysts anticipate that the company will report sales of $2.04 billion per share, with estimates ranging from $1.98 billion to $2.08 billion. Zacks’ sales calculations are an average based on a survey of sell-side research firms that that provide coverage for ILG.
ILG (NASDAQ:ILG) last issued its quarterly earnings data on Thursday, May 3rd. The business services provider reported $0.36 earnings per share for the quarter, beating analysts’ consensus estimates of $0.34 by $0.02. ILG had a return on equity of 8.50% and a net margin of 9.14%. The company had revenue of $482.00 million for the quarter, compared to the consensus estimate of $477.33 million.
ILG has been the topic of a number of recent research reports. ValuEngine downgraded ILG from a “strong-buy” rating to a “buy” rating in a research report on Saturday, June 2nd. BidaskClub downgraded ILG from a “buy” rating to a “hold” rating in a research report on Friday, March 30th. Finally, Oppenheimer raised their price objective on ILG from $32.00 to $38.00 and gave the company an “outperform” rating in a research report on Thursday, March 15th. Three equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. ILG has an average rating of “Buy” and an average price target of $34.80.
A number of hedge funds and other institutional investors have recently modified their holdings of the business. UBS Asset Management Americas Inc. boosted its holdings in ILG by 4.4% in the fourth quarter. UBS Asset Management Americas Inc. now owns 70,781 shares of the business services provider’s stock worth $2,016,000 after acquiring an additional 2,963 shares in the last quarter. Highland Capital Management LP lifted its holdings in shares of ILG by 2.6% during the fourth quarter. Highland Capital Management LP now owns 194,540 shares of the business services provider’s stock worth $5,540,000 after purchasing an additional 5,000 shares during the period. Cerebellum GP LLC acquired a new stake in shares of ILG during the second quarter worth about $176,000. California Public Employees Retirement System lifted its holdings in shares of ILG by 3.3% during the fourth quarter. California Public Employees Retirement System now owns 227,684 shares of the business services provider’s stock worth $6,484,000 after purchasing an additional 7,217 shares during the period. Finally, Guggenheim Capital LLC lifted its holdings in shares of ILG by 27.0% during the fourth quarter. Guggenheim Capital LLC now owns 38,701 shares of the business services provider’s stock worth $1,103,000 after purchasing an additional 8,217 shares during the period. 81.36% of the stock is owned by institutional investors and hedge funds.
Shares of ILG stock opened at $33.54 on Friday. ILG has a 1-year low of $24.38 and a 1-year high of $35.00. The stock has a market cap of $4.22 billion, a P/E ratio of 30.30 and a beta of 1.42. The company has a debt-to-equity ratio of 0.55, a quick ratio of 1.09 and a current ratio of 1.77.
The firm also recently declared a quarterly dividend, which was paid on Tuesday, June 12th. Shareholders of record on Friday, June 1st were issued a $0.175 dividend. This represents a $0.70 annualized dividend and a yield of 2.09%. The ex-dividend date of this dividend was Thursday, May 31st. ILG’s dividend payout ratio is presently 63.64%.
ILG Company Profile
ILG, Inc, together with its subsidiaries, provides professional vacation services in the United States and internationally. The company operates in two segments, Vacation Ownership (VO), and Exchange and Rental. The VO segment engages in the sale, marketing, financing, and development of vacation ownership interests; and management of vacation ownership resorts, as well as in the provision of related services to owners and homeowners' associations (HOAs).
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