IAC (NASDAQ:IAC) Releases Earnings Results, Misses Estimates By $0.60 EPS

IAC (NASDAQ:IACGet Free Report) issued its quarterly earnings results on Monday. The company reported ($0.94) EPS for the quarter, missing analysts’ consensus estimates of ($0.34) by ($0.60), FiscalAI reports. The business had revenue of $422.89 million for the quarter, compared to analyst estimates of $520.45 million. IAC had a negative net margin of 4.35% and a negative return on equity of 2.43%.

IAC Price Performance

Shares of NASDAQ:IAC traded up $0.20 during trading hours on Monday, hitting $45.17. 1,763,192 shares of the company’s stock traded hands, compared to its average volume of 1,088,834. IAC has a 52 week low of $29.56 and a 52 week high of $45.82. The company has a debt-to-equity ratio of 0.29, a quick ratio of 2.75 and a current ratio of 2.75. The company’s fifty day simple moving average is $40.01 and its two-hundred day simple moving average is $37.62. The company has a market cap of $3.21 billion, a price-to-earnings ratio of -33.96 and a beta of 1.03.

Hedge Funds Weigh In On IAC

Several large investors have recently made changes to their positions in the business. Guggenheim Capital LLC boosted its stake in shares of IAC by 96.1% during the 4th quarter. Guggenheim Capital LLC now owns 12,309 shares of the company’s stock worth $481,000 after acquiring an additional 6,032 shares in the last quarter. Creative Planning boosted its stake in shares of IAC by 8.8% during the 2nd quarter. Creative Planning now owns 11,619 shares of the company’s stock worth $434,000 after acquiring an additional 944 shares in the last quarter. FORA Capital LLC bought a new stake in shares of IAC during the 4th quarter worth $399,000. Tower Research Capital LLC TRC boosted its stake in shares of IAC by 2,215.9% during the 2nd quarter. Tower Research Capital LLC TRC now owns 8,453 shares of the company’s stock worth $316,000 after acquiring an additional 8,088 shares in the last quarter. Finally, Oxford Asset Management LLP bought a new stake in shares of IAC during the 2nd quarter worth $301,000. Institutional investors own 88.90% of the company’s stock.

More IAC News

Here are the key news stories impacting IAC this week:

Wall Street Analysts Forecast Growth

IAC has been the subject of a number of recent analyst reports. JPMorgan Chase & Co. increased their target price on shares of IAC from $46.00 to $52.00 and gave the company an “overweight” rating in a research report on Monday. Needham & Company LLC set a $57.00 target price on shares of IAC in a research report on Tuesday, March 3rd. KeyCorp increased their target price on shares of IAC from $41.00 to $51.00 and gave the company an “overweight” rating in a research report on Thursday, April 23rd. Wall Street Zen upgraded shares of IAC from a “sell” rating to a “hold” rating in a research report on Saturday, February 28th. Finally, Zacks Research raised IAC from a “strong sell” rating to a “hold” rating in a research note on Wednesday, March 11th. Ten analysts have rated the stock with a Buy rating, four have given a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $51.00.

Check Out Our Latest Report on IAC

IAC Company Profile

(Get Free Report)

IAC (NASDAQ: IAC) is a publicly traded holding company headquartered in New York City that builds and invests in consumer-focused internet businesses. Through its portfolio of digital media brands, online marketplaces and subscription services, IAC delivers content and connections across a range of verticals, including lifestyle, finance, home services and personal care. The company’s operations span North America and parts of Europe, where its brands reach millions of visitors each month.

In the digital publishing space, IAC’s Dotdash Meredith division develops original content and data?driven journalism across more than a dozen specialty sites.

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Earnings History for IAC (NASDAQ:IAC)

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