$0.29 Earnings Per Share Expected for ILG Inc (ILG) This Quarter
Wall Street analysts predict that ILG Inc (NASDAQ:ILG) will post $0.29 earnings per share (EPS) for the current fiscal quarter, according to Zacks. Four analysts have provided estimates for ILG’s earnings, with estimates ranging from $0.28 to $0.31. ILG posted earnings per share of $0.39 during the same quarter last year, which indicates a negative year over year growth rate of 25.6%. The business is expected to report its next earnings results on Tuesday, November 14th.
On average, analysts expect that ILG will report full year earnings of $1.19 per share for the current financial year, with EPS estimates ranging from $1.16 to $1.22. For the next financial year, analysts expect that the company will report earnings of $1.30 per share, with EPS estimates ranging from $1.23 to $1.35. Zacks Investment Research’s earnings per share averages are a mean average based on a survey of sell-side research analysts that cover ILG.
ILG (NASDAQ:ILG) last issued its earnings results on Thursday, August 3rd. The business services provider reported $0.26 EPS for the quarter, topping analysts’ consensus estimates of $0.25 by $0.01. The company had revenue of $450.00 million for the quarter, compared to analysts’ expectations of $432.86 million. ILG had a net margin of 6.00% and a return on equity of 6.75%. The business’s revenue was up 51.5% on a year-over-year basis.
Several equities research analysts have recently weighed in on ILG shares. Zacks Investment Research raised shares of ILG from a “hold” rating to a “buy” rating and set a $31.00 target price on the stock in a research note on Wednesday, July 5th. BidaskClub raised shares of ILG from a “hold” rating to a “buy” rating in a research note on Wednesday, October 11th. Instinet started coverage on shares of ILG in a research note on Friday, October 6th. They issued a “buy” rating and a $35.00 target price on the stock. Finally, Nomura started coverage on shares of ILG in a research note on Friday, October 6th. They issued a “buy” rating and a $35.00 target price on the stock. One equities research analyst has rated the stock with a sell rating and eight have assigned a buy rating to the company. The stock currently has an average rating of “Buy” and a consensus price target of $29.29.
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ILG (NASDAQ:ILG) opened at 29.38 on Monday. The company has a 50-day moving average of $26.90 and a 200-day moving average of $26.04. ILG has a 12 month low of $15.94 and a 12 month high of $29.85. The stock has a market cap of $3.67 billion, a PE ratio of 28.28 and a beta of 1.48.
The company also recently announced a quarterly dividend, which was paid on Monday, September 18th. Stockholders of record on Tuesday, September 5th were paid a $0.15 dividend. This represents a $0.60 annualized dividend and a dividend yield of 2.04%. The ex-dividend date was Thursday, August 31st. ILG’s dividend payout ratio is currently 57.69%.
Institutional investors and hedge funds have recently made changes to their positions in the company. TIAA CREF Investment Management LLC raised its stake in shares of ILG by 13.9% in the second quarter. TIAA CREF Investment Management LLC now owns 1,983,549 shares of the business services provider’s stock valued at $54,528,000 after acquiring an additional 241,774 shares during the period. Neuberger Berman Group LLC purchased a new position in ILG in the 2nd quarter worth about $5,941,000. Schwab Charles Investment Management Inc. increased its stake in ILG by 8.8% in the 1st quarter. Schwab Charles Investment Management Inc. now owns 529,950 shares of the business services provider’s stock worth $11,108,000 after buying an additional 42,805 shares during the period. UBS Asset Management Americas Inc. increased its stake in ILG by 73.2% in the 1st quarter. UBS Asset Management Americas Inc. now owns 68,212 shares of the business services provider’s stock worth $1,430,000 after buying an additional 28,825 shares during the period. Finally, Credit Suisse AG increased its stake in ILG by 14.2% in the 1st quarter. Credit Suisse AG now owns 191,115 shares of the business services provider’s stock worth $4,006,000 after buying an additional 23,749 shares during the period. 81.28% of the stock is currently owned by institutional investors and hedge funds.
ILG, Inc, formerly Interval Leisure Group, Inc, is a provider of professionally delivered vacation experiences. The Company is a global licensee for the Hyatt, Westin and Sheraton brands in vacation ownership. The Company operates through two segments: Exchange and Rental, and Vacation Ownership. Its 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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