$1.01 Earnings Per Share Expected for IAC/InterActiveCorp (NASDAQ:IAC) This Quarter

Brokerages forecast that IAC/InterActiveCorp (NASDAQ:IAC) will post earnings per share of $1.01 for the current quarter, according to Zacks. Six analysts have issued estimates for IAC/InterActiveCorp’s earnings. The highest EPS estimate is $1.27 and the lowest is $0.77. IAC/InterActiveCorp posted earnings per share of $1.49 during the same quarter last year, which indicates a negative year over year growth rate of 32.2%. The company is expected to report its next earnings report on Wednesday, November 6th.

According to Zacks, analysts expect that IAC/InterActiveCorp will report full year earnings of $4.40 per share for the current financial year, with EPS estimates ranging from $3.74 to $5.18. For the next fiscal year, analysts expect that the firm will post earnings of $5.77 per share, with EPS estimates ranging from $4.07 to $6.68. Zacks’ earnings per share averages are a mean average based on a survey of sell-side research firms that follow IAC/InterActiveCorp.

IAC/InterActiveCorp (NASDAQ:IAC) last released its quarterly earnings results on Wednesday, August 7th. The company reported $1.19 earnings per share for the quarter, beating the consensus estimate of $0.92 by $0.27. The business had revenue of $1.19 billion for the quarter, compared to analysts’ expectations of $1.18 billion. IAC/InterActiveCorp had a net margin of 11.99% and a return on equity of 12.44%. The firm’s revenue for the quarter was up 12.0% compared to the same quarter last year. During the same quarter in the previous year, the business posted $2.32 earnings per share.



Several analysts recently weighed in on IAC shares. BMO Capital Markets lifted their price target on shares of IAC/InterActiveCorp from $319.00 to $320.00 and gave the company an “outperform” rating in a report on Friday, August 9th. Zacks Investment Research cut shares of IAC/InterActiveCorp from a “strong-buy” rating to a “hold” rating in a report on Wednesday, August 14th. Barclays lifted their price target on shares of IAC/InterActiveCorp from $295.00 to $311.00 and gave the company an “overweight” rating in a report on Friday, August 9th. Oppenheimer lifted their price target on shares of IAC/InterActiveCorp from $285.00 to $310.00 and gave the company an “outperform” rating in a report on Friday, August 9th. Finally, SunTrust Banks lifted their price target on shares of IAC/InterActiveCorp from $250.00 to $265.00 and gave the company a “buy” rating in a report on Friday, August 9th. Four analysts have rated the stock with a hold rating and eighteen have assigned a buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus target price of $287.37.

NASDAQ:IAC traded down $3.33 during trading hours on Wednesday, hitting $233.26. The company had a trading volume of 677,267 shares, compared to its average volume of 745,796. The company has a market capitalization of $19.17 billion, a PE ratio of 41.73 and a beta of 0.94. The stock has a 50-day moving average price of $245.60 and a 200 day moving average price of $228.72. IAC/InterActiveCorp has a 52 week low of $158.29 and a 52 week high of $268.72. The company has a debt-to-equity ratio of 0.82, a current ratio of 4.11 and a quick ratio of 4.11.

In other news, CFO Glenn Schiffman sold 2,000 shares of IAC/InterActiveCorp stock in a transaction dated Monday, July 1st. The stock was sold at an average price of $220.69, for a total value of $441,380.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Joseph Levin sold 56,703 shares of IAC/InterActiveCorp stock in a transaction dated Tuesday, July 30th. The stock was sold at an average price of $240.78, for a total value of $13,652,948.34. Following the completion of the transaction, the chief executive officer now directly owns 222,263 shares of the company’s stock, valued at approximately $53,516,485.14. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 185,781 shares of company stock worth $46,309,265. Company insiders own 11.50% of the company’s stock.

Institutional investors and hedge funds have recently bought and sold shares of the company. Next Capital Management LLC purchased a new position in shares of IAC/InterActiveCorp in the 2nd quarter worth about $28,000. Valeo Financial Advisors LLC purchased a new position in shares of IAC/InterActiveCorp in the 2nd quarter worth about $29,000. Icon Wealth Partners LLC purchased a new position in shares of IAC/InterActiveCorp in the 1st quarter worth about $32,000. Harel Insurance Investments & Financial Services Ltd. raised its position in shares of IAC/InterActiveCorp by 78.7% in the 2nd quarter. Harel Insurance Investments & Financial Services Ltd. now owns 193 shares of the company’s stock worth $42,000 after purchasing an additional 85 shares during the last quarter. Finally, Meridian Wealth Management LLC purchased a new position in shares of IAC/InterActiveCorp in the 1st quarter worth about $56,000. 89.71% of the stock is owned by hedge funds and other institutional investors.

About IAC/InterActiveCorp

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.

Further Reading: Return on Investment (ROI)

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Earnings History and Estimates for IAC/InterActiveCorp (NASDAQ:IAC)

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