Analysts expect IAC/InterActiveCorp (NASDAQ:IAC) to post $934.58 million in sales for the current fiscal quarter, Zacks reports. Four analysts have made estimates for IAC/InterActiveCorp’s earnings, with estimates ranging from $929.94 million to $938.28 million. IAC/InterActiveCorp reported sales of $760.83 million during the same quarter last year, which would suggest a positive year over year growth rate of 22.8%. The firm is expected to issue its next quarterly earnings report on Wednesday, May 2nd.

On average, analysts expect that IAC/InterActiveCorp will report full year sales of $934.58 million for the current financial year, with estimates ranging from $3.91 billion to $4.01 billion. For the next year, analysts forecast that the business will post sales of $4.53 billion per share, with estimates ranging from $4.42 billion to $4.61 billion. Zacks Investment Research’s sales averages are a mean average based on a survey of sell-side research firms that that provide coverage for IAC/InterActiveCorp.

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IAC/InterActiveCorp (NASDAQ:IAC) last announced its quarterly earnings data on Wednesday, February 7th. The company reported $0.76 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.64 by $0.12. IAC/InterActiveCorp had a return on equity of 2.42% and a net margin of 9.22%. The company had revenue of $950.59 million for the quarter, compared to analyst estimates of $894.74 million.

A number of brokerages have weighed in on IAC. Credit Suisse Group lowered IAC/InterActiveCorp to a “hold” rating and set a $171.00 price objective on the stock. in a report on Friday, March 9th. Wells Fargo reaffirmed a “buy” rating and issued a $185.00 price objective on shares of IAC/InterActiveCorp in a report on Friday, March 9th. Jefferies Group lifted their price objective on IAC/InterActiveCorp to $180.00 and gave the company a “buy” rating in a report on Wednesday, March 7th. Aegis reaffirmed a “buy” rating and issued a $200.00 price objective (up previously from $165.00) on shares of IAC/InterActiveCorp in a report on Tuesday, February 27th. Finally, JPMorgan Chase & Co. began coverage on IAC/InterActiveCorp in a report on Friday, February 2nd. They issued an “overweight” rating and a $175.00 price objective on the stock. Four analysts have rated the stock with a hold rating, eighteen have given a buy rating and one has given a strong buy rating to the company. The company presently has an average rating of “Buy” and an average target price of $162.86.

In related news, EVP Gregg Winiarski sold 62,253 shares of IAC/InterActiveCorp stock in a transaction that occurred on Tuesday, January 2nd. The stock was sold at an average price of $127.19, for a total transaction of $7,917,959.07. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Mark J. Stein sold 26,887 shares of IAC/InterActiveCorp stock in a transaction that occurred on Thursday, December 21st. The stock was sold at an average price of $126.68, for a total value of $3,406,045.16. The disclosure for this sale can be found here. 10.60% of the stock is owned by insiders.

Several institutional investors have recently modified their holdings of the stock. Xact Kapitalforvaltning AB acquired a new position in shares of IAC/InterActiveCorp during the 4th quarter worth approximately $1,352,000. Handelsbanken Fonder AB raised its position in shares of IAC/InterActiveCorp by 1.7% during the 4th quarter. Handelsbanken Fonder AB now owns 582,000 shares of the company’s stock worth $71,167,000 after purchasing an additional 10,000 shares during the last quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp acquired a new position in shares of IAC/InterActiveCorp during the 4th quarter worth approximately $3,661,000. Pacific Grove Capital LP raised its position in shares of IAC/InterActiveCorp by 158.1% during the 4th quarter. Pacific Grove Capital LP now owns 80,836 shares of the company’s stock worth $9,885,000 after purchasing an additional 49,517 shares during the last quarter. Finally, Macquarie Group Ltd. raised its position in shares of IAC/InterActiveCorp by 1.5% during the 4th quarter. Macquarie Group Ltd. now owns 23,864 shares of the company’s stock worth $2,919,000 after purchasing an additional 364 shares during the last quarter. Hedge funds and other institutional investors own 87.58% of the company’s stock.

Shares of IAC/InterActiveCorp (IAC) opened at $164.63 on Friday. IAC/InterActiveCorp has a twelve month low of $72.00 and a twelve month high of $166.64. The firm has a market capitalization of $13,607.99, a P/E ratio of 205.79, a price-to-earnings-growth ratio of 5.02 and a beta of 1.31. The company has a debt-to-equity ratio of 0.67, a current ratio of 2.66 and a quick ratio of 2.66.

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About IAC/InterActiveCorp

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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