Analysts expect that IAC/InterActiveCorp (NASDAQ:IAC) will announce earnings of $0.88 per share for the current fiscal quarter, Zacks reports. Four analysts have issued estimates for IAC/InterActiveCorp’s earnings. The lowest EPS estimate is $0.78 and the highest is $0.97. IAC/InterActiveCorp reported earnings per share of $0.29 during the same quarter last year, which suggests a positive year over year growth rate of 203.4%. The company is expected to issue its next earnings results on Wednesday, May 2nd.
According to Zacks, analysts expect that IAC/InterActiveCorp will report full year earnings of $5.77 per share for the current fiscal year, with EPS estimates ranging from $5.16 to $6.53. For the next fiscal year, analysts forecast that the company will report earnings of $8.13 per share, with EPS estimates ranging from $7.28 to $8.79. Zacks Investment Research’s EPS calculations are a mean average based on a survey of research firms that cover IAC/InterActiveCorp.
IAC/InterActiveCorp (NASDAQ:IAC) last posted its earnings results on Wednesday, February 7th. The company reported $0.76 EPS for the quarter, beating the Zacks’ consensus estimate of $0.64 by $0.12. The company had revenue of $950.59 million for the quarter, compared to the consensus estimate of $894.74 million. IAC/InterActiveCorp had a return on equity of 2.57% and a net margin of 9.22%.
IAC/InterActiveCorp (IAC) opened at $152.23 on Tuesday. IAC/InterActiveCorp has a one year low of $72.00 and a one year high of $154.53. The company has a market capitalization of $12,624.72, a price-to-earnings ratio of 48.33, a P/E/G ratio of 4.73 and a beta of 1.38. The company has a current ratio of 2.07, a quick ratio of 2.07 and a debt-to-equity ratio of 0.57.
In other news, EVP Gregg Winiarski sold 62,253 shares of the stock in a transaction that occurred on Tuesday, January 2nd. The stock was sold at an average price of $127.19, for a total transaction of $7,917,959.07. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Edgar Bronfman, Jr. sold 2,289 shares of the stock in a transaction that occurred on Wednesday, December 6th. The stock was sold at an average price of $122.94, for a total value of $281,409.66. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 91,429 shares of company stock valued at $11,605,414. 11.30% of the stock is owned by company insiders.
Several hedge funds have recently modified their holdings of the company. Xact Kapitalforvaltning AB purchased a new position in shares of IAC/InterActiveCorp during the 4th quarter worth approximately $1,352,000. Handelsbanken Fonder AB grew its holdings in shares of IAC/InterActiveCorp by 1.7% in the 4th quarter. Handelsbanken Fonder AB now owns 582,000 shares of the company’s stock worth $71,167,000 after acquiring an additional 10,000 shares during the period. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp acquired a new stake in shares of IAC/InterActiveCorp in the 4th quarter worth approximately $3,661,000. Pacific Grove Capital LP grew its holdings in shares of IAC/InterActiveCorp by 158.1% in the 4th quarter. Pacific Grove Capital LP now owns 80,836 shares of the company’s stock worth $9,885,000 after acquiring an additional 49,517 shares during the period. Finally, Macquarie Group Ltd. grew its holdings in shares of IAC/InterActiveCorp by 1.5% in the 4th quarter. Macquarie Group Ltd. now owns 23,864 shares of the company’s stock worth $2,919,000 after acquiring an additional 364 shares during the period. 86.49% of the stock is owned by institutional investors and hedge funds.
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IAC/InterActiveCorp Company Profile
IAC/InterActiveCorp (IAC) is a media and Internet company. The Company’s brands include HomeAdvisor, Vimeo, Dictionary.com and Match Group’s online dating portfolio, which includes Tinder, PlentyOfFish and OkCupid. Its segments include Match Group, HomeAdvisor, Video, Applications and Publishing. Match Group includes the dating and non-dating businesses of Match Group, Inc HomeAdvisor is a home services digital marketplace that helps connect consumers with home professionals in North America, as well as in France, the Netherlands and Italy under various brands.
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