Q3 2016 Earnings Estimate for Interval Leisure Group Inc. Issued By Oppenheimer Holdings (IILG)
Interval Leisure Group Inc. (NASDAQ:IILG) – Analysts at Oppenheimer Holdings decreased their Q3 2016 earnings estimates for Interval Leisure Group in a research note issued to investors on Tuesday. Oppenheimer Holdings analyst I. Zaffino now forecasts that the brokerage will earn $0.27 per share for the quarter, down from their previous estimate of $0.31. Oppenheimer Holdings has a “Outperform” rating and a $22.00 price objective on the stock. Oppenheimer Holdings also issued estimates for Interval Leisure Group’s FY2017 earnings at $1.38 EPS.
Interval Leisure Group (NASDAQ:IILG) last posted its earnings results on Thursday, August 4th. The company reported $0.36 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.21 by $0.15. The company earned $297 million during the quarter, compared to analysts’ expectations of $345.40 million. Interval Leisure Group had a net margin of 28.78% and a return on equity of 12.35%. During the same quarter last year, the company posted $0.29 EPS. Interval Leisure Group’s quarterly revenue was up 70.7% compared to the same quarter last year.
Several other equities analysts have also commented on the company. Zacks Investment Research raised Interval Leisure Group from a “hold” rating to a “strong-buy” rating and set a $19.00 price objective for the company in a research report on Tuesday, September 20th. MKM Partners set a $25.00 price objective on Interval Leisure Group and gave the company a “buy” rating in a research report on Monday, September 12th. Finally, TheStreet raised Interval Leisure Group from a “hold” rating to a “buy” rating in a research report on Thursday, July 14th.
Interval Leisure Group (NASDAQ:IILG) opened at 17.14 on Thursday. The company’s 50-day moving average is $17.13 and its 200-day moving average is $15.74. Interval Leisure Group has a 52-week low of $10.61 and a 52-week high of $21.98. The company has a market capitalization of $2.14 billion, a price-to-earnings ratio of 4.92 and a beta of 1.30.
The business also recently declared a quarterly dividend, which was paid on Wednesday, September 21st. Stockholders of record on Wednesday, September 7th were issued a dividend of $0.12 per share. The ex-dividend date was Friday, September 2nd. This represents a $0.48 annualized dividend and a dividend yield of 2.80%. Interval Leisure Group’s payout ratio is presently 17.20%.
A hedge fund recently bought a new stake in Interval Leisure Group stock. Norges Bank acquired a new stake in Interval Leisure Group Inc. (NASDAQ:IILG) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 632,762 shares of the company’s stock, valued at approximately $9,877,000. Norges Bank owned 1.10% of Interval Leisure Group at the end of the most recent quarter. Hedge funds and other institutional investors own 80.46% of the company’s stock.
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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