$1.02 Earnings Per Share Expected for IAC/InterActiveCorp (IAC) This Quarter

Brokerages expect IAC/InterActiveCorp (NASDAQ:IAC) to post $1.02 earnings per share (EPS) for the current fiscal quarter, Zacks Investment Research reports. Five analysts have provided estimates for IAC/InterActiveCorp’s earnings, with estimates ranging from $0.84 to $1.10. IAC/InterActiveCorp posted earnings per share of $0.55 during the same quarter last year, which indicates a positive year over year growth rate of 85.5%. The company is expected to report its next quarterly earnings results on Wednesday, November 14th.

On average, analysts expect that IAC/InterActiveCorp will report full year earnings of $5.34 per share for the current year, with EPS estimates ranging from $4.84 to $5.61. For the next fiscal year, analysts anticipate that the company will report earnings of $5.96 per share, with EPS estimates ranging from $5.39 to $7.11. Zacks Investment Research’s earnings per share calculations are an average based on a survey of sell-side analysts that cover IAC/InterActiveCorp.

IAC/InterActiveCorp (NASDAQ:IAC) last released its earnings results on Wednesday, August 8th. The company reported $2.32 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.82 by $1.50. IAC/InterActiveCorp had a net margin of 13.09% and a return on equity of 10.24%. The company had revenue of $1.06 billion for the quarter, compared to analyst estimates of $1.02 billion. During the same quarter last year, the firm earned $0.74 EPS. The firm’s quarterly revenue was up 38.0% compared to the same quarter last year.

Several research firms recently commented on IAC. BidaskClub lowered shares of IAC/InterActiveCorp from a “strong-buy” rating to a “buy” rating in a report on Saturday, September 22nd. UBS Group increased their target price on shares of IAC/InterActiveCorp from $224.00 to $265.00 and gave the company a “buy” rating in a report on Wednesday. BMO Capital Markets reaffirmed a “buy” rating and set a $216.00 target price on shares of IAC/InterActiveCorp in a report on Friday, July 13th. Guggenheim lowered shares of IAC/InterActiveCorp from a “buy” rating to a “neutral” rating in a report on Friday, September 21st. They noted that the move was a valuation call. Finally, Citigroup increased their target price on shares of IAC/InterActiveCorp from $200.00 to $248.00 and gave the company a “reduce” rating in a report on Friday, August 10th. One equities research analyst has rated the stock with a sell rating, one has given a hold rating, twenty have assigned a buy rating and one has issued a strong buy rating to the company. IAC/InterActiveCorp presently has a consensus rating of “Buy” and a consensus target price of $202.51.

Institutional investors have recently made changes to their positions in the business. Inverness Counsel LLC NY grew its holdings in IAC/InterActiveCorp by 417.9% in the 2nd quarter. Inverness Counsel LLC NY now owns 139,705 shares of the company’s stock worth $21,304,000 after acquiring an additional 112,732 shares during the last quarter. Oppenheimer & Co. Inc. lifted its position in shares of IAC/InterActiveCorp by 43.0% in the 2nd quarter. Oppenheimer & Co. Inc. now owns 17,997 shares of the company’s stock worth $2,744,000 after purchasing an additional 5,415 shares during the period. Schwab Charles Investment Management Inc. lifted its position in shares of IAC/InterActiveCorp by 6.0% in the 2nd quarter. Schwab Charles Investment Management Inc. now owns 300,911 shares of the company’s stock worth $45,886,000 after purchasing an additional 17,111 shares during the period. Cadian Capital Management LP lifted its position in shares of IAC/InterActiveCorp by 33.4% in the 2nd quarter. Cadian Capital Management LP now owns 1,910,237 shares of the company’s stock worth $291,292,000 after purchasing an additional 478,270 shares during the period. Finally, Globeflex Capital L P purchased a new stake in shares of IAC/InterActiveCorp in the 2nd quarter worth about $656,000. 86.37% of the stock is currently owned by institutional investors and hedge funds.

Shares of IAC stock traded up $1.67 on Friday, hitting $217.52. 552,900 shares of the company’s stock traded hands, compared to its average volume of 895,761. The company has a debt-to-equity ratio of 0.61, a quick ratio of 2.78 and a current ratio of 2.78. IAC/InterActiveCorp has a one year low of $116.11 and a one year high of $223.54. The firm has a market cap of $17.78 billion, a P/E ratio of 281.18, a P/E/G ratio of 2.75 and a beta of 1.29.

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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