$1.10 Billion in Sales Expected for IAC/InterActiveCorp (IAC) This Quarter

Analysts predict that IAC/InterActiveCorp (NASDAQ:IAC) will post $1.10 billion in sales for the current quarter, Zacks reports. Two analysts have issued estimates for IAC/InterActiveCorp’s earnings, with estimates ranging from $1.10 billion to $1.11 billion. IAC/InterActiveCorp posted sales of $995.08 million during the same quarter last year, which suggests a positive year over year growth rate of 10.5%. The company is expected to report its next earnings results on Thursday, February 7th.

According to Zacks, analysts expect that IAC/InterActiveCorp will report full-year sales of $4.81 billion for the current year, with estimates ranging from $4.71 billion to $4.85 billion. For the next financial year, analysts expect that the firm will post sales of $5.52 billion, with estimates ranging from $5.47 billion to $5.61 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.

IAC/InterActiveCorp (NASDAQ:IAC) last announced its earnings results on Thursday, February 7th. The company reported $2.04 earnings per share for the quarter, beating the consensus estimate of $0.99 by $1.05. The firm had revenue of $1.10 billion for the quarter, compared to the consensus estimate of $1.07 billion. IAC/InterActiveCorp had a return on equity of 16.53% and a net margin of 14.71%. The firm’s revenue for the quarter was up 16.1% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.37 EPS.

IAC has been the topic of several recent analyst reports. Wells Fargo & Co cut their target price on IAC/InterActiveCorp from $220.00 to $210.00 and set an “outperform” rating on the stock in a research note on Monday, November 12th. BidaskClub raised IAC/InterActiveCorp from a “hold” rating to a “buy” rating in a research note on Wednesday, October 17th. BMO Capital Markets boosted their price objective on IAC/InterActiveCorp to $282.00 and gave the stock an “outperform” rating in a research note on Friday, November 9th. Bank of America dropped their price objective on IAC/InterActiveCorp from $240.00 to $228.00 and set a “buy” rating on the stock in a research note on Tuesday, January 8th. Finally, Macquarie assumed coverage on IAC/InterActiveCorp in a research note on Wednesday, November 28th. They issued an “outperform” rating on the stock. Two equities research analysts have rated the stock with a sell rating, two have assigned a hold rating, eighteen have issued a buy rating and one has given a strong buy rating to the company. IAC/InterActiveCorp has a consensus rating of “Buy” and an average price target of $235.54.

In other news, CFO Glenn Schiffman sold 1,000 shares of the business’s stock in a transaction on Wednesday, January 2nd. The stock was sold at an average price of $178.91, for a total transaction of $178,910.00. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Insiders have sold 4,000 shares of company stock worth $796,530 over the last ninety days. 10.90% of the stock is owned by insiders.

Several institutional investors have recently made changes to their positions in IAC. Csenge Advisory Group acquired a new stake in shares of IAC/InterActiveCorp during the third quarter worth $29,000. Lindbrook Capital LLC acquired a new stake in shares of IAC/InterActiveCorp during the fourth quarter worth $34,000. Quantamental Technologies LLC acquired a new stake in shares of IAC/InterActiveCorp during the fourth quarter worth $43,000. Athena Capital Advisors LLC acquired a new stake in shares of IAC/InterActiveCorp during the fourth quarter worth $64,000. Finally, Stratos Wealth Partners LTD. purchased a new position in shares of IAC/InterActiveCorp during the third quarter valued at $131,000. 88.67% of the stock is currently owned by institutional investors.

IAC/InterActiveCorp stock traded up $5.58 during mid-day trading on Monday, hitting $221.54. 1,188,162 shares of the company’s stock traded hands, compared to its average volume of 815,825. The company has a debt-to-equity ratio of 0.60, a current ratio of 2.77 and a quick ratio of 2.77. The company has a market capitalization of $18.03 billion, a P/E ratio of 39.63, a PEG ratio of 2.24 and a beta of 1.14. IAC/InterActiveCorp has a one year low of $128.80 and a one year high of $223.54.

About IAC/InterActiveCorp

IAC/InterActiveCorp, together with its subsidiaries, operates as a media and Internet company in the United States and internationally. It operates through Match Group, ANGI Homeservices, Video, Applications, and Publishing segments. The Match Group segment provides subscription dating products, which enable users to establish a profile and review the profiles of other users in 42 languages.

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