Brokers Set Expectations for IAC/InterActiveCorp’s Q2 2018 Earnings (IAC)

IAC/InterActiveCorp (NASDAQ:IAC) – Stock analysts at Jefferies Group issued their Q2 2018 EPS estimates for shares of IAC/InterActiveCorp in a report issued on Sunday. Jefferies Group analyst B. Thill anticipates that the company will post earnings per share of $0.98 for the quarter. Jefferies Group has a “Buy” rating on the stock. Jefferies Group also issued estimates for IAC/InterActiveCorp’s FY2019 earnings at $6.22 EPS.

IAC/InterActiveCorp (NASDAQ:IAC) last posted its quarterly earnings data on Wednesday, November 8th. The company reported $0.55 earnings per share for the quarter, missing the consensus estimate of $0.69 by ($0.14). IAC/InterActiveCorp had a return on equity of 4.26% and a net margin of 11.81%. The company had revenue of $828.40 million during the quarter, compared to analyst estimates of $810.36 million. During the same period in the previous year, the company earned $0.73 EPS. The business’s revenue for the quarter was up 8.4% compared to the same quarter last year.

A number of other equities research analysts also recently weighed in on IAC. Zacks Investment Research raised shares of IAC/InterActiveCorp from a “strong sell” rating to a “hold” rating in a report on Wednesday. ValuEngine raised shares of IAC/InterActiveCorp from a “sell” rating to a “hold” rating in a research note on Wednesday. BidaskClub lowered shares of IAC/InterActiveCorp from a “buy” rating to a “hold” rating in a research note on Saturday, December 30th. Wells Fargo & Co reiterated an “outperform” rating and issued a $168.00 target price (up previously from $150.00) on shares of IAC/InterActiveCorp in a report on Monday. Finally, Credit Suisse Group reiterated a “buy” rating and issued a $151.00 target price on shares of IAC/InterActiveCorp in a report on Tuesday. Three analysts have rated the stock with a hold rating and twenty have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus target price of $143.62.

Shares of IAC/InterActiveCorp (NASDAQ IAC) traded down $1.44 during midday trading on Tuesday, reaching $132.10. 629,400 shares of the company’s stock were exchanged, compared to its average volume of 712,257. IAC/InterActiveCorp has a 52 week low of $66.35 and a 52 week high of $137.86. The company has a quick ratio of 2.07, a current ratio of 2.07 and a debt-to-equity ratio of 0.57. The firm has a market cap of $10,950.00, a P/E ratio of 29.62, a price-to-earnings-growth ratio of 4.27 and a beta of 1.09.

Hedge funds have recently made changes to their positions in the stock. Fieldpoint Private Securities LLC acquired a new stake in IAC/InterActiveCorp in the third quarter worth about $105,000. FNY Partners Fund LP bought a new position in IAC/InterActiveCorp during the second quarter worth about $152,000. Timber Hill LLC bought a new position in IAC/InterActiveCorp during the third quarter worth about $208,000. Crossmark Global Holdings Inc. bought a new position in IAC/InterActiveCorp during the third quarter worth about $212,000. Finally, Breton Hill Capital Ltd. bought a new position in IAC/InterActiveCorp during the third quarter worth about $224,000. Hedge funds and other institutional investors own 86.61% of the company’s stock.

In related news, EVP Mark J. Stein sold 26,887 shares of IAC/InterActiveCorp stock in a transaction dated Thursday, December 21st. The stock was sold at an average price of $126.68, for a total value of $3,406,045.16. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Joseph Levin sold 78,500 shares of IAC/InterActiveCorp stock in a transaction dated Tuesday, November 21st. The stock was sold at an average price of $128.83, for a total value of $10,113,155.00. The disclosure for this sale can be found here. Insiders have sold 175,929 shares of company stock valued at $22,516,569 over the last quarter. Corporate insiders own 11.30% of the company’s stock.

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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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