Equities analysts expect IAC/InterActiveCorp (NASDAQ:IAC) to post earnings per share (EPS) of $1.04 for the current fiscal quarter, Zacks reports. Five analysts have made estimates for IAC/InterActiveCorp’s earnings. The lowest EPS estimate is $0.84 and the highest is $1.16. IAC/InterActiveCorp posted earnings of $0.55 per share during the same quarter last year, which indicates a positive year over year growth rate of 89.1%. The firm is scheduled to announce its next quarterly earnings report after the market closes on Wednesday, November 7th.
On average, analysts expect that IAC/InterActiveCorp will report full-year earnings of $5.33 per share for the current fiscal year, with EPS estimates ranging from $4.84 to $5.61. For the next financial year, analysts anticipate that the business will report earnings of $6.01 per share, with EPS estimates ranging from $5.39 to $7.42. Zacks Investment Research’s earnings per share calculations are an average based on a survey of sell-side research analysts that follow IAC/InterActiveCorp.
IAC/InterActiveCorp (NASDAQ:IAC) last released its quarterly earnings results on Wednesday, August 8th. The company reported $2.32 EPS for the quarter, topping analysts’ consensus estimates of $0.82 by $1.50. IAC/InterActiveCorp had a net margin of 13.09% and a return on equity of 10.24%. The business had revenue of $1.06 billion for the quarter, compared to analyst estimates of $1.02 billion. During the same period last year, the firm earned $0.74 earnings per share. IAC/InterActiveCorp’s revenue for the quarter was up 38.0% compared to the same quarter last year.
A number of equities analysts recently commented on IAC shares. Zacks Investment Research raised shares of IAC/InterActiveCorp from a “hold” rating to a “strong-buy” rating and set a $175.00 price target on the stock in a research report on Thursday, July 12th. BMO Capital Markets reaffirmed a “buy” rating and set a $216.00 price target on shares of IAC/InterActiveCorp in a research report on Friday, July 13th. BidaskClub lowered shares of IAC/InterActiveCorp from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, July 31st. Barclays raised their price target on shares of IAC/InterActiveCorp from $195.00 to $196.00 and gave the stock an “overweight” rating in a research report on Thursday, August 2nd. Finally, ValuEngine raised shares of IAC/InterActiveCorp from a “buy” rating to a “strong-buy” rating in a research report on Thursday, August 9th. One analyst has rated the stock with a sell rating, two have issued a hold rating, nineteen have assigned a buy rating and one has issued a strong buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average target price of $211.75.
In other IAC/InterActiveCorp news, CFO Glenn Schiffman sold 2,000 shares of the firm’s stock in a transaction dated Monday, October 1st. The shares were sold at an average price of $217.22, for a total value of $434,440.00. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. 10.90% of the stock is owned by company insiders.
Several institutional investors and hedge funds have recently bought and sold shares of IAC. Nissay Asset Management Corp Japan ADV boosted its position in IAC/InterActiveCorp by 4.9% during the 3rd quarter. Nissay Asset Management Corp Japan ADV now owns 6,450 shares of the company’s stock worth $1,398,000 after buying an additional 300 shares during the period. Public Employees Retirement System of Ohio boosted its position in IAC/InterActiveCorp by 1.2% during the 2nd quarter. Public Employees Retirement System of Ohio now owns 30,436 shares of the company’s stock worth $4,641,000 after buying an additional 364 shares during the period. Mn Services Vermogensbeheer B.V. boosted its position in IAC/InterActiveCorp by 4.2% during the 3rd quarter. Mn Services Vermogensbeheer B.V. now owns 12,500 shares of the company’s stock worth $2,709,000 after buying an additional 500 shares during the period. Robeco Institutional Asset Management B.V. boosted its position in IAC/InterActiveCorp by 24.3% during the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 2,773 shares of the company’s stock worth $601,000 after buying an additional 542 shares during the period. Finally, Keybank National Association OH boosted its position in IAC/InterActiveCorp by 11.7% during the 2nd quarter. Keybank National Association OH now owns 5,740 shares of the company’s stock worth $875,000 after buying an additional 599 shares during the period. Institutional investors own 86.13% of the company’s stock.
NASDAQ:IAC opened at $198.75 on Friday. IAC/InterActiveCorp has a 52 week low of $118.83 and a 52 week high of $223.54. The stock has a market cap of $16.54 billion, a P/E ratio of 258.12, a price-to-earnings-growth ratio of 2.49 and a beta of 1.35. The company has a debt-to-equity ratio of 0.61, a quick ratio of 2.78 and a current ratio of 2.78.
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.
See Also: Earnings Per Share (EPS)
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