Analysts Anticipate IAC/InterActiveCorp (NASDAQ:IAC) to Post $0.92 Earnings Per Share

Equities research analysts forecast that IAC/InterActiveCorp (NASDAQ:IAC) will announce $0.92 earnings per share for the current fiscal quarter, Zacks reports. Six analysts have provided estimates for IAC/InterActiveCorp’s earnings, with the highest EPS estimate coming in at $1.27 and the lowest estimate coming in at $0.61. IAC/InterActiveCorp posted earnings of $2.32 per share in the same quarter last year, which would indicate a negative year over year growth rate of 60.3%. The firm is scheduled to issue its next earnings results on Wednesday, August 14th.

According to Zacks, analysts expect that IAC/InterActiveCorp will report full-year earnings of $4.80 per share for the current financial year, with EPS estimates ranging from $3.70 to $5.78. For the next year, analysts anticipate that the company will post earnings of $6.69 per share, with EPS estimates ranging from $5.09 to $7.38. Zacks Investment Research’s EPS averages are an average based on a survey of research analysts that that provide coverage for IAC/InterActiveCorp.

IAC/InterActiveCorp (NASDAQ:IAC) last announced its earnings results 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 net margin of 14.74% and a return on equity of 16.05%. The business had revenue of $1.11 billion during the quarter, compared to analysts’ expectations of $1.09 billion. During the same period in the prior year, the company earned $0.71 earnings per share. The business’s revenue was up 11.2% compared to the same quarter last year.

A number of brokerages have recently commented on IAC. BidaskClub cut shares of IAC/InterActiveCorp from a “buy” rating to a “hold” rating in a report on Saturday, June 1st. Zacks Investment Research raised shares of IAC/InterActiveCorp from a “hold” rating to a “buy” rating and set a $253.00 price target for the company in a report on Thursday, May 16th. BMO Capital Markets increased their price target on shares of IAC/InterActiveCorp to $321.00 and gave the stock an “in-line” rating in a report on Monday, May 13th. Wells Fargo & Co increased their price target on shares of IAC/InterActiveCorp from $250.00 to $280.00 and gave the stock an “outperform” rating in a report on Monday, May 13th. Finally, Nomura increased their price target on shares of IAC/InterActiveCorp from $239.00 to $282.00 and gave the stock a “buy” rating in a report on Monday, May 13th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating, fourteen have given a buy rating and one has given a strong buy rating to the company’s stock. IAC/InterActiveCorp has an average rating of “Buy” and a consensus price target of $265.82.

In other IAC/InterActiveCorp news, CFO Glenn Schiffman sold 3,000 shares of the company’s stock in a transaction dated Wednesday, June 5th. The shares were sold at an average price of $222.04, for a total transaction of $666,120.00. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Insiders have sold 9,000 shares of company stock valued at $1,988,500 over the last three months. 10.90% of the stock is currently owned by corporate insiders.

A number of institutional investors and hedge funds have recently modified their holdings of IAC. SG Americas Securities LLC grew its position in IAC/InterActiveCorp by 96.7% during the fourth quarter. SG Americas Securities LLC now owns 2,687 shares of the company’s stock worth $492,000 after buying an additional 1,321 shares during the period. Cambridge Investment Research Advisors Inc. grew its position in IAC/InterActiveCorp by 6.5% during the fourth quarter. Cambridge Investment Research Advisors Inc. now owns 1,132 shares of the company’s stock worth $207,000 after buying an additional 69 shares during the period. Westpac Banking Corp grew its position in IAC/InterActiveCorp by 51.0% during the fourth quarter. Westpac Banking Corp now owns 12,652 shares of the company’s stock worth $2,316,000 after buying an additional 4,272 shares during the period. Whittier Trust Co. grew its position in IAC/InterActiveCorp by 1,462.0% during the fourth quarter. Whittier Trust Co. now owns 2,671 shares of the company’s stock worth $489,000 after buying an additional 2,500 shares during the period. Finally, Boston Partners grew its position in IAC/InterActiveCorp by 2.8% during the fourth quarter. Boston Partners now owns 315,628 shares of the company’s stock worth $57,773,000 after buying an additional 8,572 shares during the period. Institutional investors own 89.55% of the company’s stock.

Shares of NASDAQ:IAC opened at $219.19 on Wednesday. IAC/InterActiveCorp has a one year low of $144.71 and a one year high of $242.86. The company has a debt-to-equity ratio of 0.65, a current ratio of 3.12 and a quick ratio of 3.12. The stock has a market capitalization of $18.36 billion, a PE ratio of 39.21, a price-to-earnings-growth ratio of 2.30 and a beta of 1.06.

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.

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

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