IAC/InterActiveCorp (IAC) Expected to Announce Earnings of $0.39 Per Share

Wall Street brokerages expect IAC/InterActiveCorp (NASDAQ:IAC) to announce $0.39 earnings per share for the current quarter, Zacks reports. Six analysts have made estimates for IAC/InterActiveCorp’s earnings, with the lowest EPS estimate coming in at $0.22 and the highest estimate coming in at $0.54. IAC/InterActiveCorp reported earnings of $0.71 per share during the same quarter last year, which indicates a negative year-over-year growth rate of 45.1%. The business is expected to announce its next quarterly earnings report on Wednesday, May 8th.

On average, analysts expect that IAC/InterActiveCorp will report full-year earnings of $4.22 per share for the current year, with EPS estimates ranging from $2.53 to $5.36. For the next financial year, analysts forecast that the firm will report earnings of $6.38 per share, with EPS estimates ranging from $4.23 to $7.68. Zacks’ EPS averages are an average based on a survey of sell-side research analysts that follow IAC/InterActiveCorp.

IAC/InterActiveCorp (NASDAQ:IAC) last announced its quarterly earnings results on Thursday, February 7th. The company reported $2.04 EPS for the quarter, beating the Zacks’ consensus estimate of $0.99 by $1.05. IAC/InterActiveCorp had a net margin of 14.71% and a return on equity of 16.11%. The business had revenue of $1.10 billion during the quarter, compared to analyst estimates of $1.07 billion. During the same quarter in the previous year, the business posted $0.37 EPS. IAC/InterActiveCorp’s quarterly revenue was up 16.1% on a year-over-year basis.

A number of equities analysts recently weighed in on the stock. Zacks Investment Research downgraded shares of IAC/InterActiveCorp from a “hold” rating to a “sell” rating in a report on Tuesday. ValuEngine raised shares of IAC/InterActiveCorp from a “buy” rating to a “strong-buy” rating in a report on Tuesday, January 29th. BidaskClub downgraded shares of IAC/InterActiveCorp from a “buy” rating to a “hold” rating in a report on Thursday, February 28th. BMO Capital Markets upped their price objective on shares of IAC/InterActiveCorp from $287.00 to $291.00 and gave the company an “outperform” rating in a report on Monday, February 11th. Finally, Oppenheimer upped their price objective on shares of IAC/InterActiveCorp from $275.00 to $280.00 and gave the company an “outperform” rating in a report on Monday, February 11th. Two investment analysts have rated the stock with a sell rating, three have assigned a hold rating and eighteen have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average target price of $240.83.

In related news, CFO Glenn Schiffman sold 1,000 shares of the firm’s stock in a transaction on Friday, January 18th. The stock was sold at an average price of $200.00, for a total value of $200,000.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director David S. Rosenblatt sold 4,528 shares of the firm’s stock in a transaction on Tuesday, February 12th. The stock was sold at an average price of $220.64, for a total value of $999,057.92. The disclosure for this sale can be found here. Insiders sold 11,528 shares of company stock worth $2,466,478 in the last 90 days. Company insiders own 10.90% of the company’s stock.

A number of institutional investors have recently made changes to their positions in IAC. Csenge Advisory Group purchased a new position in IAC/InterActiveCorp during the third quarter valued at $29,000. Lindbrook Capital LLC purchased a new position in IAC/InterActiveCorp during the fourth quarter valued at $34,000. Quantamental Technologies LLC purchased a new position in IAC/InterActiveCorp during the fourth quarter valued at $43,000. Athena Capital Advisors LLC purchased a new position in IAC/InterActiveCorp during the fourth quarter valued at $64,000. Finally, Riverview Trust Co purchased a new position in IAC/InterActiveCorp during the fourth quarter valued at $92,000. 89.37% of the stock is owned by institutional investors and hedge funds.

Shares of NASDAQ IAC traded up $0.75 during trading on Friday, hitting $216.75. The stock had a trading volume of 7,787 shares, compared to its average volume of 670,174. IAC/InterActiveCorp has a 12 month low of $128.80 and a 12 month high of $224.63. The company has a debt-to-equity ratio of 0.63, a current ratio of 3.13 and a quick ratio of 3.13. The firm has a market cap of $18.10 billion, a price-to-earnings ratio of 38.83, a PEG ratio of 2.54 and a beta of 1.08.

IAC/InterActiveCorp Company Profile

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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