$1.01 EPS Expected for IAC/InterActiveCorp (NASDAQ:IAC) This Quarter

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Wall Street analysts expect that IAC/InterActiveCorp (NASDAQ:IAC) will post earnings of $1.01 per share for the current fiscal quarter, Zacks Investment Research reports. Six analysts have provided estimates for IAC/InterActiveCorp’s earnings, with the lowest EPS estimate coming in at $0.77 and the highest estimate coming in at $1.27. IAC/InterActiveCorp reported earnings per share of $1.49 during the same quarter last year, which would indicate a negative year-over-year growth rate of 32.2%. The business is expected to issue its next quarterly earnings results after the market closes on Wednesday, November 6th.

According to Zacks, analysts expect that IAC/InterActiveCorp will report full year earnings of $4.40 per share for the current fiscal year, with EPS estimates ranging from $3.74 to $5.18. For the next fiscal year, analysts anticipate that the business will report earnings of $5.80 per share, with EPS estimates ranging from $4.07 to $6.92. Zacks Investment Research’s earnings per share 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, August 7th. The company reported $1.19 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.92 by $0.27. The business had revenue of $1.19 billion during the quarter, compared to the consensus estimate of $1.18 billion. IAC/InterActiveCorp had a return on equity of 12.44% and a net margin of 11.99%. IAC/InterActiveCorp’s revenue was up 12.0% on a year-over-year basis. During the same quarter last year, the company earned $2.32 EPS.

IAC has been the subject of several analyst reports. SunTrust Banks set a $265.00 target price on IAC/InterActiveCorp and gave the stock a “buy” rating in a research report on Friday, October 11th. Bank of America lifted their price objective on IAC/InterActiveCorp from $340.00 to $365.00 and gave the company a “buy” rating in a research report on Monday. Benchmark lifted their price objective on IAC/InterActiveCorp from $250.00 to $300.00 and gave the company a “buy” rating in a research report on Friday, August 9th. Oppenheimer lifted their price objective on IAC/InterActiveCorp from $285.00 to $310.00 and gave the company an “outperform” rating in a research report on Friday, August 9th. Finally, Guggenheim upgraded IAC/InterActiveCorp from a “neutral” rating to a “buy” rating and set a $300.00 price objective for the company in a research report on Friday, August 9th. Five equities research analysts have rated the stock with a hold rating and seventeen have given a buy rating to the company. The company has an average rating of “Buy” and a consensus target price of $292.16.

In other news, CFO Glenn Schiffman sold 3,000 shares of IAC/InterActiveCorp stock in a transaction on Thursday, August 1st. The stock was sold at an average price of $238.34, for a total value of $715,020.00. Following the completion of the sale, the chief financial officer now directly owns 3,000 shares of the company’s stock, valued at approximately $715,020. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Joseph Levin sold 56,703 shares of IAC/InterActiveCorp stock in a transaction on Tuesday, July 30th. The shares were sold at an average price of $240.78, for a total value of $13,652,948.34. Following the completion of the sale, the chief executive officer now directly owns 222,263 shares of the company’s stock, valued at $53,516,485.14. The disclosure for this sale can be found here. In the last quarter, insiders sold 185,781 shares of company stock valued at $46,305,995. Corporate insiders own 11.50% of the company’s stock.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Cambridge Investment Research Advisors Inc. grew its stake in shares of IAC/InterActiveCorp by 132.1% during the first quarter. Cambridge Investment Research Advisors Inc. now owns 2,627 shares of the company’s stock worth $552,000 after purchasing an additional 1,495 shares during the period. Envestnet Asset Management Inc. grew its stake in shares of IAC/InterActiveCorp by 2.5% during the first quarter. Envestnet Asset Management Inc. now owns 26,437 shares of the company’s stock worth $5,555,000 after purchasing an additional 643 shares during the period. Sawtooth Solutions LLC acquired a new stake in shares of IAC/InterActiveCorp during the first quarter worth $229,000. AlphaCrest Capital Management LLC acquired a new stake in shares of IAC/InterActiveCorp during the first quarter worth $256,000. Finally, OppenheimerFunds Inc. grew its stake in shares of IAC/InterActiveCorp by 6.3% during the first quarter. OppenheimerFunds Inc. now owns 152,907 shares of the company’s stock worth $32,127,000 after purchasing an additional 9,095 shares during the period. 89.65% of the stock is owned by institutional investors.

Shares of IAC/InterActiveCorp stock traded down $9.78 during midday trading on Friday, hitting $221.85. 762,904 shares of the company were exchanged, compared to its average volume of 769,609. The company has a debt-to-equity ratio of 0.82, a current ratio of 4.11 and a quick ratio of 4.11. The firm has a market cap of $19.41 billion, a P/E ratio of 39.69 and a beta of 0.90. IAC/InterActiveCorp has a 52 week low of $158.29 and a 52 week high of $268.72. The firm has a 50 day simple moving average of $232.30 and a 200-day simple moving average of $230.51.

IAC/InterActiveCorp Company Profile

IAC/InterActiveCorp, together with its subsidiaries, operates as a media and Internet company in the United States and internationally. The company's Match Group segment provides subscription dating products under the Tinder, Match, PlentyOfFish, Meetic, OkCupid, OurTime, Pairs and Hinge, and other brands.

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Earnings History and Estimates for IAC/InterActiveCorp (NASDAQ:IAC)

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