IAA (NYSE:IAA) Posts Quarterly Earnings Results, Beats Expectations By $0.02 EPS

Share on StockTwits

IAA (NYSE:IAA) released its quarterly earnings data on Tuesday. The company reported $0.35 earnings per share for the quarter, beating the consensus estimate of $0.33 by $0.02, Briefing.com reports. The firm had revenue of $357.30 million during the quarter, compared to the consensus estimate of $347.31 million. The business’s revenue was up 11.3% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.33 earnings per share.

Shares of IAA stock traded down $0.11 during trading hours on Friday, reaching $42.34. 21,904 shares of the company’s stock were exchanged, compared to its average volume of 1,306,935. IAA has a 1 year low of $34.96 and a 1 year high of $49.96. The firm has a fifty day moving average price of $39.31.

IAA has been the subject of several recent research reports. CJS Securities upgraded IAA to a “buy” rating and set a $51.00 price objective for the company in a report on Wednesday. Barrington Research reiterated a “hold” rating on shares of IAA in a report on Thursday, September 12th. Jefferies Financial Group began coverage on shares of IAA in a report on Wednesday, July 31st. They issued a “buy” rating and a $55.00 target price for the company. Stephens reiterated an “overweight” rating and issued a $51.00 target price (up from $47.00) on shares of IAA in a report on Wednesday. Finally, Zacks Investment Research upgraded shares of IAA from a “sell” rating to a “hold” rating in a report on Tuesday. Three research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $50.71.

IAA Company Profile

IAA, Inc provides salvage vehicle auctions and related services. It offers salvage auction services, such as inbound transportation logistics, inspection, evaluation, salvage recovery, titling, and settlement administrative services. The company's salvage auctions facilitate the remarketing of damaged vehicles designated as total losses by insurance companies, charity donation vehicles, recovered stolen (or theft) vehicles, and low value used vehicles through live and online auctions.

Featured Story: What is the Quick Ratio?

Receive News & Ratings for IAA Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for IAA and related companies with MarketBeat.com's FREE daily email newsletter.



Latest News

Cairn Energy PLC  Receives GBX 221.33 Consensus Target Price from Brokerages
Cairn Energy PLC Receives GBX 221.33 Consensus Target Price from Brokerages
Zacks: Analysts Expect Foundation Building Materials Inc  to Post $0.18 Earnings Per Share
Zacks: Analysts Expect Foundation Building Materials Inc to Post $0.18 Earnings Per Share
Waves  Trading 10.3% Lower  This Week
Waves Trading 10.3% Lower This Week
Helpico  Trading Down 35.5% Over Last 7 Days
Helpico Trading Down 35.5% Over Last 7 Days
Edge  Trading 3.5% Higher  Over Last 7 Days
Edge Trading 3.5% Higher Over Last 7 Days
Tiffany & Co.  Issues Quarterly  Earnings Results
Tiffany & Co. Issues Quarterly Earnings Results


© 2006-2019 Ticker Report