IAC (IAC) Scheduled to Post Quarterly Earnings on Tuesday

IAC (NASDAQ:IAC) is scheduled to be issuing its quarterly earnings data after the market closes on Tuesday, May 7th. Analysts expect the company to announce earnings of ($1.07) per share for the quarter. Parties interested in registering for the company’s conference call can do so using this link.

IAC (NASDAQ:IAC) last released its earnings results on Tuesday, February 13th. The company reported ($0.73) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.20) by ($0.53). IAC had a negative return on equity of 4.15% and a net margin of 6.09%. The company had revenue of $1.06 billion during the quarter, compared to analysts’ expectations of $1.06 billion. On average, analysts expect IAC to post $-2 EPS for the current fiscal year and $-1 EPS for the next fiscal year.

IAC Stock Up 0.6 %

IAC stock opened at $48.91 on Tuesday. IAC has a 12-month low of $41.39 and a 12-month high of $69.85. The company has a quick ratio of 2.36, a current ratio of 2.36 and a debt-to-equity ratio of 0.30. The company has a market cap of $3.92 billion, a price-to-earnings ratio of 19.72 and a beta of 1.32. The company has a 50 day moving average of $51.97 and a two-hundred day moving average of $50.28.

Analysts Set New Price Targets

A number of research analysts have recently weighed in on IAC shares. Barclays raised their price target on shares of IAC from $62.00 to $72.00 and gave the company an “overweight” rating in a report on Thursday, February 15th. UBS Group raised their price target on shares of IAC from $60.00 to $64.00 and gave the company a “neutral” rating in a report on Thursday, February 15th. Truist Financial raised their price target on shares of IAC from $77.00 to $80.00 and gave the company a “buy” rating in a report on Thursday, February 15th. Finally, KeyCorp lifted their target price on shares of IAC from $68.00 to $70.00 and gave the stock an “overweight” rating in a report on Tuesday, February 13th. Two equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $78.69.

IAC Company Profile

IAC Inc, together with its subsidiaries, operates as a media and internet company worldwide. The company publishes original and engaging digital content in the form of articles, illustrations, and videos and images across entertainment, food, home, beauty, travel, health, family, luxury, and fashion areas; and magazines related to women and lifestyle.