Interval Leisure Group Inc. (IILG) Receives Outperform Rating from Oppenheimer Holdings Inc.
Oppenheimer Holdings Inc. restated their outperform rating on shares of Interval Leisure Group Inc. (NASDAQ:IILG) in a research note released on Wednesday morning. They currently have a $22.00 price objective on the stock.
IILG has been the subject of a number of other reports. MKM Partners set a $25.00 price objective on shares of Interval Leisure Group and gave the company a buy rating in a research note on Monday, September 12th. Zacks Investment Research raised shares of Interval Leisure Group from a strong sell rating to a hold rating in a research report on Tuesday, August 9th. Finally, TheStreet raised shares of Interval Leisure Group from a hold rating to a buy rating in a research report on Thursday, July 14th.
Shares of Interval Leisure Group (NASDAQ:IILG) opened at 17.18 on Wednesday. The stock has a market capitalization of $2.15 billion, a P/E ratio of 4.93 and a beta of 1.30. Interval Leisure Group has a one year low of $10.61 and a one year high of $21.98. The stock’s 50 day moving average is $17.16 and its 200-day moving average is $15.71.
Interval Leisure Group (NASDAQ:IILG) last posted its quarterly earnings data on Thursday, August 4th. The company reported $0.36 EPS for the quarter, beating analysts’ consensus estimates of $0.21 by $0.15. Interval Leisure Group had a net margin of 28.78% and a return on equity of 12.35%. The company earned $297 million during the quarter, compared to analyst estimates of $345.40 million. During the same period in the prior year, the firm earned $0.29 earnings per share. The business’s quarterly revenue was up 70.7% on a year-over-year basis. On average, equities research analysts expect that Interval Leisure Group will post $1.43 EPS for the current year.
The company also recently disclosed a quarterly dividend, which was paid on Wednesday, September 21st. Investors of record on Wednesday, September 7th were issued a $0.12 dividend. The ex-dividend date was Friday, September 2nd. This represents a $0.48 dividend on an annualized basis and a yield of 2.79%. Interval Leisure Group’s dividend payout ratio is currently 17.20%.
A hedge fund recently bought a new stake in Interval Leisure Group stock. Norges Bank acquired a new position in Interval Leisure Group Inc. (NASDAQ:IILG) during the fourth quarter, according to its most recent disclosure with the SEC. The firm acquired 632,762 shares of the company’s stock, valued at approximately $9,877,000. Norges Bank owned approximately 1.10% of Interval Leisure Group as of its most recent filing with the SEC. 80.46% of the stock is owned by institutional investors and hedge funds.
About Interval Leisure Group
Interval Leisure Group, Inc (ILG) is a provider of non-traditional lodging, encompassing a portfolio of leisure businesses from exchange and vacation rental to vacation ownership. The Company operates through two segments. The Exchange and Rental segment offers access to vacation accommodations and other travel-related transactions and services to leisure travelers, by providing vacation exchange services and vacation rental, working with resort developers and operating vacation rental properties.
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