IAC/InterActive (NYSE:IAC) – Investment analysts at SunTrust Banks raised their Q3 2016 earnings per share (EPS) estimates for shares of IAC/InterActive in a research note issued on Monday. SunTrust Banks analyst R. Peck now forecasts that the brokerage will earn $0.41 per share for the quarter, up from their prior forecast of $0.40. SunTrust Banks has a “Buy” rating and a $73.00 price objective on the stock. SunTrust Banks also issued estimates for IAC/InterActive’s FY2016 earnings at $1.62 EPS and FY2017 earnings at $2.46 EPS.

IAC/InterActive (NYSE:IAC) last released its quarterly earnings results on Wednesday, July 27th. The company reported $0.42 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.50 by $0.08. The company earned $745.40 million during the quarter, compared to the consensus estimate of $748.73 million. During the same quarter in the previous year, the company earned $0.85 EPS. The firm’s quarterly revenue was down 3.3% compared to the same quarter last year.

A number of other brokerages also recently issued reports on IAC. Jefferies Group restated a “hold” rating on shares of IAC/InterActive in a research report on Monday, July 11th. Zacks Investment Research downgraded IAC/InterActive from a “buy” rating to a “hold” rating in a report on Friday, July 15th. Axiom Securities reiterated a “buy” rating and issued a $80.00 price target (up from $74.00) on shares of IAC/InterActive in a report on Friday, October 7th. BMO Capital Markets reiterated an “outperform” rating and issued a $75.00 price target on shares of IAC/InterActive in a report on Friday, July 29th. Finally, Needham & Company LLC reiterated a “buy” rating and issued a $70.00 price target (up from $62.00) on shares of IAC/InterActive in a report on Tuesday, June 21st. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and thirteen have assigned a buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus target price of $69.06.

Shares of IAC/InterActive (NYSE:IAC) traded down 0.02% on Wednesday, reaching $61.99. The company’s stock had a trading volume of 203,887 shares. The firm has a 50-day moving average price of $60.05 and a 200 day moving average price of $55.52. IAC/InterActive has a one year low of $38.82 and a one year high of $72.94. The firm’s market capitalization is $4.93 billion.

Hedge funds have recently made changes to their positions in the stock. American International Group Inc. bought a new stake in shares of IAC/InterActive during the second quarter valued at about $105,000. NCM Capital Advisers Inc. bought a new stake in shares of IAC/InterActive during the second quarter valued at about $126,000. OLD Mutual Customised Solutions Proprietary Ltd. bought a new stake in shares of IAC/InterActive during the second quarter valued at about $135,000. 1832 Asset Management L.P. bought a new stake in shares of IAC/InterActive during the second quarter valued at about $161,000. Finally, Tower Research Capital LLC TRC bought a new stake in shares of IAC/InterActive during the second quarter valued at about $192,000.

About IAC/InterActive

5 Day Chart for NYSE:IAC

Receive News & Stock Ratings for IAC/InterActive Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for IAC/InterActive and related stocks with our FREE daily email newsletter.