IRSA Inversiones Y Representaciones (NYSE:IRS) Announces Earnings Results

IRSA Inversiones Y Representaciones (NYSE:IRS) released its earnings results on Tuesday. The financial services provider reported ($0.08) EPS for the quarter, Zacks reports. The business had revenue of $117.96 million for the quarter, compared to analyst estimates of $91.27 million. IRSA Inversiones Y Representaciones had a return on equity of 17.26% and a net margin of 58.90%.

IRSA Inversiones Y Representaciones Stock Down 1.8%

Shares of NYSE:IRS traded down $0.23 during midday trading on Thursday, reaching $12.16. 276,444 shares of the company were exchanged, compared to its average volume of 177,801. IRSA Inversiones Y Representaciones has a fifty-two week low of $11.83 and a fifty-two week high of $19.14. The company has a quick ratio of 2.25, a current ratio of 2.25 and a debt-to-equity ratio of 0.34. The stock has a fifty day simple moving average of $14.49 and a two-hundred day simple moving average of $15.17. The firm has a market cap of $1.03 billion, a PE ratio of 3.70 and a beta of 1.25.

IRSA Inversiones Y Representaciones Increases Dividend

The business also recently disclosed an annual dividend, which will be paid on Monday, November 9th. Investors of record on Monday, November 2nd will be issued a dividend of $1.6199 per share. The ex-dividend date is Monday, November 2nd. This is a positive change from IRSA Inversiones Y Representaciones’s previous annual dividend of $1.4151. This represents a dividend yield of 1,304.0%. IRSA Inversiones Y Representaciones’s dividend payout ratio (DPR) is 45.59%.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on the stock. Zacks Research upgraded shares of IRSA Inversiones Y Representaciones to a “hold” rating in a report on Wednesday, October 14th. Weiss Ratings reiterated a “hold (c)” rating on shares of IRSA Inversiones Y Representaciones in a report on Thursday, October 15th. Finally, Bank of America began coverage on shares of IRSA Inversiones Y Representaciones in a research report on Tuesday, October 13th. They set a “buy” rating and a $23.60 price target on the stock. One analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat, IRSA Inversiones Y Representaciones currently has an average rating of “Moderate Buy” and an average target price of $23.30.

About IRSA Inversiones Y Representaciones

IRSA Inversiones y Representaciones SA is an Argentine real estate company engaged in the acquisition, development, leasing and management of properties. Its portfolio includes shopping centers, office buildings, hotels and residential and mixed-use developments, with operations primarily focused on Argentina.

The company operates and invests in a range of well-known Argentine commercial properties, including shopping centers such as Alto Palermo, Abasto, Patio Bullrich, Alto Avellaneda and DOT Baires.