IAC (IAC) to Release Quarterly Earnings on Tuesday

IAC (NASDAQ:IAC) will be releasing its earnings data after the market closes on Tuesday, August 6th. Analysts expect IAC to post earnings of ($0.61) 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 announced its earnings results on Tuesday, May 7th. The company reported ($0.93) earnings per share (EPS) for the quarter, beating the consensus estimate of ($1.14) by $0.21. IAC had a negative return on equity of 3.31% and a negative net margin of 2.54%. The firm had revenue of $929.68 million during the quarter, compared to analyst estimates of $937.68 million. On average, analysts expect IAC to post $0 EPS for the current fiscal year and $-1 EPS for the next fiscal year.

IAC Trading Down 5.0 %

Shares of IAC stock opened at $46.98 on Monday. IAC has a 1 year low of $41.39 and a 1 year high of $68.04. The firm has a market cap of $3.77 billion, a PE ratio of -29.73 and a beta of 1.32. The stock has a fifty day moving average price of $48.79 and a 200-day moving average price of $51.11. The company has a debt-to-equity ratio of 0.29, a current ratio of 2.70 and a quick ratio of 2.70.

Wall Street Analyst Weigh In

IAC has been the subject of several research analyst reports. JMP Securities initiated coverage on IAC in a research report on Tuesday, July 9th. They set an “outperform” rating and a $78.00 target price for the company. Citigroup decreased their target price on IAC from $72.00 to $70.00 and set a “buy” rating for the company in a research report on Thursday, May 9th. Wells Fargo & Company raised their target price on IAC from $82.00 to $84.00 and gave the company an “overweight” rating in a research report on Tuesday, May 14th. Barclays raised their target price on IAC from $72.00 to $73.00 and gave the company an “overweight” rating in a research report on Thursday, May 9th. Finally, Truist Financial increased their price target on IAC from $80.00 to $87.00 and gave the stock a “buy” rating in a research note on Friday, May 10th. Two equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $80.25.

About IAC

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.