Brokerages forecast that ILG Inc. (NASDAQ:ILG) will announce $437.30 million in sales for the current quarter, according to Zacks. Four analysts have issued estimates for ILG’s earnings. The lowest sales estimate is $430.20 million and the highest is $449.00 million. ILG posted sales of $297.00 million during the same quarter last year, which suggests a positive year-over-year growth rate of 47.2%. The company is scheduled to report its next quarterly earnings report on Thursday, August 3rd.
On average, analysts expect that ILG will report full year sales of $437.30 million for the current year, with estimates ranging from $1.78 billion to $1.83 billion. For the next year, analysts forecast that the business will report sales of $1.89 billion per share, with estimates ranging from $1.83 billion to $1.93 billion. Zacks Investment Research’s sales averages are an average based on a survey of sell-side analysts that follow ILG.
ILG (NASDAQ:ILG) last announced its earnings results on Thursday, May 4th. The business services provider reported $0.33 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.30 by $0.03. ILG had a net margin of 17.63% and a return on equity of 11.66%. The company had revenue of $452 million during the quarter, compared to analyst estimates of $446.32 million. During the same period in the previous year, the business earned $0.41 earnings per share. The firm’s quarterly revenue was up 143.1% compared to the same quarter last year.
A number of equities research analysts have recently weighed in on ILG shares. Zacks Investment Research raised ILG from a “sell” rating to a “hold” rating in a research note on Wednesday, May 3rd. Imperial Capital raised their price target on ILG from $22.00 to $30.00 and gave the stock an “outperform” rating in a research note on Tuesday, May 30th. Oppenheimer Holdings, Inc. reaffirmed an “outperform” rating and set a $26.00 price target (up from $22.00) on shares of ILG in a research note on Friday, April 21st. Finally, CIBC raised their price target on ILG from $22.00 to $26.00 and gave the stock an “outperform” rating in a research note on Monday, April 24th. One equities research analyst has rated the stock with a hold rating and six have issued a buy rating to the company. The stock currently has an average rating of “Buy” and a consensus target price of $25.33.
ILG (NASDAQ:ILG) opened at 27.71 on Friday. The company has a 50-day moving average of $26.26 and a 200 day moving average of $21.03. The stock has a market capitalization of $3.46 billion, a price-to-earnings ratio of 11.48 and a beta of 1.54. ILG has a 12 month low of $14.10 and a 12 month high of $28.99.
The company also recently declared a quarterly dividend, which will be paid on Tuesday, June 20th. Stockholders of record on Tuesday, June 6th will be paid a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a dividend yield of 2.16%. The ex-dividend date is Friday, June 2nd. ILG’s dividend payout ratio (DPR) is presently 22.30%.
Large investors have recently bought and sold shares of the company. Strs Ohio increased its stake in ILG by 63.6% in the first quarter. Strs Ohio now owns 5,401 shares of the business services provider’s stock worth $113,000 after buying an additional 2,100 shares during the period. Sei Investments Co. increased its stake in ILG by 33.2% in the first quarter. Sei Investments Co. now owns 6,822 shares of the business services provider’s stock worth $143,000 after buying an additional 1,701 shares during the period. Gideon Capital Advisors Inc. purchased a new stake in ILG during the fourth quarter worth $193,000. Ameritas Investment Partners Inc. purchased a new stake in ILG during the first quarter worth $205,000. Finally, First Citizens Bank & Trust Co. purchased a new stake in ILG during the first quarter worth $206,000. 82.63% of the stock is owned by institutional investors.
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ILG, Inc, formerly Interval Leisure Group, Inc, is a provider of professionally delivered vacation experiences. The Company is a global licensee for the Hyatt, Westin and Sheraton brands in vacation ownership. The Company operates through two segments: Exchange and Rental, and Vacation Ownership. Its Exchange and Rental segment offers access to vacation accommodations and other travel-related transactions and services to leisure travelers, by providing vacation exchange services and vacation rental, working with resort developers and operating vacation rental properties.
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