$0.98 Earnings Per Share Expected for IAC/InterActiveCorp (IAC) This Quarter
Wall Street brokerages forecast that IAC/InterActiveCorp (NASDAQ:IAC) will announce earnings of $0.98 per share for the current quarter, according to Zacks. Four analysts have provided estimates for IAC/InterActiveCorp’s earnings, with the highest EPS estimate coming in at $1.02 and the lowest estimate coming in at $0.94. IAC/InterActiveCorp reported earnings per share of $0.73 during the same quarter last year, which suggests a positive year-over-year growth rate of 34.2%. The company is expected to report its next earnings results on Wednesday, November 1st.
On average, analysts expect that IAC/InterActiveCorp will report full-year earnings of $3.30 per share for the current year, with EPS estimates ranging from $3.08 to $3.71. For the next year, analysts expect that the firm will post earnings of $4.68 per share, with EPS estimates ranging from $4.30 to $4.97. Zacks Investment Research’s earnings per share calculations are a mean average based on a survey of research firms that that provide coverage for IAC/InterActiveCorp.
IAC/InterActiveCorp (NASDAQ:IAC) last posted its quarterly earnings data on Wednesday, August 2nd. The company reported $0.74 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.50 by $0.24. The company had revenue of $767.39 million during the quarter, compared to analyst estimates of $758.01 million. IAC/InterActiveCorp had a net margin of 7.66% and a return on equity of 9.16%. The company’s revenue was up 2.9% on a year-over-year basis. During the same quarter last year, the business posted $0.42 earnings per share.
IAC has been the subject of a number of recent research reports. TheStreet upgraded shares of IAC/InterActiveCorp from a “c+” rating to an “a-” rating in a report on Thursday, August 3rd. Benchmark Co. reaffirmed a “buy” rating on shares of IAC/InterActiveCorp in a research note on Wednesday, May 3rd. Aegis reaffirmed a “buy” rating and issued a $115.00 target price (up from $86.00) on shares of IAC/InterActiveCorp in a research note on Tuesday, May 9th. Cowen and Company reaffirmed a “buy” rating and issued a $115.00 target price on shares of IAC/InterActiveCorp in a research note on Sunday, July 30th. Finally, Bank of America Corporation reaffirmed a “buy” rating and issued a $133.00 target price on shares of IAC/InterActiveCorp in a research note on Wednesday, June 14th. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and nineteen have assigned a buy rating to the company’s stock. IAC/InterActiveCorp presently has a consensus rating of “Buy” and a consensus target price of $108.45.
A number of hedge funds and other institutional investors have recently modified their holdings of IAC. ClariVest Asset Management LLC acquired a new stake in IAC/InterActiveCorp during the second quarter worth $133,000. FNY Partners Fund LP acquired a new stake in IAC/InterActiveCorp during the second quarter worth $152,000. Creative Planning increased its stake in IAC/InterActiveCorp by 0.6% in the first quarter. Creative Planning now owns 1,687 shares of the company’s stock worth $124,000 after buying an additional 10 shares in the last quarter. First Mercantile Trust Co. acquired a new stake in IAC/InterActiveCorp during the second quarter worth $193,000. Finally, Virtu Financial LLC acquired a new stake in IAC/InterActiveCorp during the second quarter worth $201,000. 85.20% of the stock is currently owned by institutional investors and hedge funds.
IAC/InterActiveCorp (NASDAQ IAC) traded up 4.39% during mid-day trading on Thursday, hitting $110.90. 193,540 shares of the stock traded hands. The firm’s 50-day moving average price is $105.53 and its 200-day moving average price is $92.27. IAC/InterActiveCorp has a 52 week low of $56.64 and a 52 week high of $114.72. The firm has a market cap of $8.84 billion, a P/E ratio of 39.64 and a beta of 1.14.
IAC/InterActiveCorp Company Profile
IAC/InterActiveCorp (IAC) is a media and Internet company. The Company’s brands include HomeAdvisor, Vimeo, Dictionary.com and Match Group’s online dating portfolio, which includes Tinder, PlentyOfFish and OkCupid. Its segments include Match Group, HomeAdvisor, Video, Applications and Publishing. Match Group includes the dating and non-dating businesses of Match Group, Inc HomeAdvisor is a home services digital marketplace that helps connect consumers with home professionals in North America, as well as in France, the Netherlands and Italy under various brands.
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