$0.98 Earnings Per Share Expected for IAC/InterActiveCorp (IAC) This Quarter

Brokerages predict that IAC/InterActiveCorp (NASDAQ:IAC) will announce earnings of $0.98 per share for the current quarter, Zacks Investment Research reports. Six analysts have made estimates for IAC/InterActiveCorp’s earnings, with the highest EPS estimate coming in at $1.37 and the lowest estimate coming in at $0.36. IAC/InterActiveCorp posted earnings per share of $2.32 in the same quarter last year, which suggests a negative year over year growth rate of 57.8%. The business is expected to announce its next quarterly earnings results on Wednesday, August 14th.

On average, analysts expect that IAC/InterActiveCorp will report full-year earnings of $4.22 per share for the current financial year, with EPS estimates ranging from $2.53 to $5.36. For the next fiscal year, analysts anticipate that the company will post earnings of $6.42 per share, with EPS estimates ranging from $4.23 to $7.68. Zacks Investment Research’s EPS calculations are an average based on a survey of sell-side analysts that that provide coverage for IAC/InterActiveCorp.

IAC/InterActiveCorp (NASDAQ:IAC) last announced its quarterly earnings data on Wednesday, May 8th. The company reported $0.91 EPS for the quarter, beating analysts’ consensus estimates of $0.40 by $0.51. IAC/InterActiveCorp had a return on equity of 16.11% and a net margin of 14.71%. The company had revenue of $1.11 billion during the quarter, compared to the consensus estimate of $1.09 billion. During the same quarter in the prior year, the firm earned $0.71 EPS. The company’s quarterly revenue was up 11.2% compared to the same quarter last year.

Several analysts have issued reports on IAC shares. BidaskClub raised shares of IAC/InterActiveCorp from a “hold” rating to a “buy” rating in a research note on Wednesday. ValuEngine raised shares of IAC/InterActiveCorp from a “buy” rating to a “strong-buy” rating in a research note on Saturday, May 4th. Zacks Investment Research raised shares of IAC/InterActiveCorp from a “hold” rating to a “buy” rating and set a $252.00 target price on the stock in a research note on Thursday, May 2nd. JPMorgan Chase & Co. boosted their target price on shares of IAC/InterActiveCorp from $250.00 to $265.00 and gave the company an “overweight” rating in a research note on Tuesday, April 30th. Finally, Jefferies Financial Group boosted their target price on shares of IAC/InterActiveCorp from $260.00 to $270.00 and gave the company a “buy” rating in a research note on Thursday, April 18th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating, nineteen have given a buy rating and one has given a strong buy rating to the stock. The company has an average rating of “Buy” and a consensus price target of $242.83.

Shares of NASDAQ:IAC traded down $7.87 on Friday, reaching $231.03. 23,967 shares of the company traded hands, compared to its average volume of 738,058. IAC/InterActiveCorp has a fifty-two week low of $132.25 and a fifty-two week high of $242.86. The company has a market capitalization of $19.04 billion, a PE ratio of 40.82, a price-to-earnings-growth ratio of 2.64 and a beta of 1.09. The company has a debt-to-equity ratio of 0.63, a quick ratio of 3.13 and a current ratio of 3.13.

In other news, CFO Glenn Schiffman sold 3,000 shares of the company’s stock in a transaction on Wednesday, May 1st. The shares were sold at an average price of $224.98, for a total value of $674,940.00. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director David S. Rosenblatt sold 4,528 shares of the company’s stock in a transaction on Tuesday, February 12th. The stock was sold at an average price of $220.64, for a total transaction of $999,057.92. The disclosure for this sale can be found here. Insiders sold 12,528 shares of company stock worth $2,748,798 over the last ninety days. 10.90% of the stock is currently owned by company insiders.

Hedge funds and other institutional investors have recently bought and sold shares of the company. Csenge Advisory Group acquired a new position in IAC/InterActiveCorp during the third quarter worth $29,000. Lindbrook Capital LLC acquired a new position in IAC/InterActiveCorp during the fourth quarter worth $34,000. Winslow Evans & Crocker Inc. increased its position in IAC/InterActiveCorp by 40.3% during the first quarter. Winslow Evans & Crocker Inc. now owns 216 shares of the company’s stock worth $48,000 after buying an additional 62 shares during the last quarter. Quantamental Technologies LLC acquired a new position in IAC/InterActiveCorp during the fourth quarter worth $43,000. Finally, Athena Capital Advisors LLC acquired a new position in IAC/InterActiveCorp during the fourth quarter worth $64,000. 89.13% of the stock is currently owned by institutional investors and hedge funds.

About IAC/InterActiveCorp

IAC/InterActiveCorp, together with its subsidiaries, operates as a media and Internet company in the United States and internationally. The company's Match Group segment provides subscription dating products under the Tinder, Match, PlentyOfFish, Meetic, OkCupid, OurTime, Pairs and Hinge, and other brands.

See Also: Intrinsic Value

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Earnings History and Estimates for IAC/InterActiveCorp (NASDAQ:IAC)

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