Interactive Brokers Group, Inc. (IBKR) Expected to Announce Quarterly Sales of $399.00 Million

Wall Street analysts expect Interactive Brokers Group, Inc. (NASDAQ:IBKR) to post $399.00 million in sales for the current quarter, according to Zacks Investment Research. Two analysts have made estimates for Interactive Brokers Group’s earnings, with the highest sales estimate coming in at $401.00 million and the lowest estimate coming in at $397.00 million. Interactive Brokers Group reported sales of $193.00 million in the same quarter last year, which indicates a positive year over year growth rate of 106.7%. The firm is scheduled to announce its next earnings report after the market closes on Tuesday, January 16th.

On average, analysts expect that Interactive Brokers Group will report full year sales of $399.00 million for the current year, with estimates ranging from $1.58 billion to $1.59 billion. For the next year, analysts expect that the business will report sales of $1.74 billion per share, with estimates ranging from $1.71 billion to $1.77 billion. Zacks’ sales averages are a mean average based on a survey of research analysts that cover Interactive Brokers Group.

Interactive Brokers Group (NASDAQ:IBKR) last posted its quarterly earnings results on Tuesday, October 17th. The financial services provider reported $0.43 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.38 by $0.05. The company had revenue of $426.00 million for the quarter, compared to the consensus estimate of $382.85 million. Interactive Brokers Group had a return on equity of 1.35% and a net margin of 5.29%. The firm’s quarterly revenue was up 23.5% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.30 EPS.

Several analysts recently commented on the company. Goldman Sachs Group downgraded Interactive Brokers Group from a “neutral” rating to a “sell” rating and set a $59.00 price objective on the stock. in a research note on Monday. BidaskClub downgraded Interactive Brokers Group from a “buy” rating to a “hold” rating in a research note on Thursday, January 4th. Zacks Investment Research downgraded Interactive Brokers Group from a “buy” rating to a “hold” rating in a research note on Wednesday, January 3rd. Finally, SunTrust Banks raised their price objective on Interactive Brokers Group to $48.00 and gave the stock an “average” rating in a research note on Wednesday, October 18th. Two equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and one has assigned a strong buy rating to the company’s stock. Interactive Brokers Group presently has an average rating of “Hold” and an average price target of $48.33.

Interactive Brokers Group (IBKR) opened at $62.15 on Thursday. The firm has a market capitalization of $25,700.00, a price-to-earnings ratio of 53.58, a PEG ratio of 3.22 and a beta of 1.02. Interactive Brokers Group has a 12 month low of $33.01 and a 12 month high of $62.85.

The company also recently declared a quarterly dividend, which was paid on Thursday, December 14th. Shareholders of record on Friday, December 1st were paid a $0.10 dividend. This represents a $0.40 annualized dividend and a dividend yield of 0.64%. The ex-dividend date of this dividend was Thursday, November 30th. Interactive Brokers Group’s dividend payout ratio is 34.48%.

In other Interactive Brokers Group news, CAO Denis Mendonca sold 1,156 shares of Interactive Brokers Group stock in a transaction dated Friday, October 20th. The stock was sold at an average price of $49.50, for a total value of $57,222.00. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, insider Thomas Aj Frank sold 33,615 shares of Interactive Brokers Group stock in a transaction dated Monday, October 16th. The shares were sold at an average price of $47.57, for a total value of $1,599,065.55. The disclosure for this sale can be found here. Insiders sold a total of 438,338 shares of company stock worth $22,604,165 in the last three months. Company insiders own 3.41% of the company’s stock.

Several institutional investors and hedge funds have recently added to or reduced their stakes in IBKR. Victory Capital Management Inc. grew its holdings in shares of Interactive Brokers Group by 105.4% in the 3rd quarter. Victory Capital Management Inc. now owns 915,589 shares of the financial services provider’s stock valued at $41,238,000 after acquiring an additional 469,755 shares in the last quarter. Russell Investments Group Ltd. grew its holdings in shares of Interactive Brokers Group by 206.6% in the 3rd quarter. Russell Investments Group Ltd. now owns 504,021 shares of the financial services provider’s stock valued at $22,701,000 after acquiring an additional 339,648 shares in the last quarter. Kayne Anderson Rudnick Investment Management LLC grew its holdings in shares of Interactive Brokers Group by 14.4% in the 3rd quarter. Kayne Anderson Rudnick Investment Management LLC now owns 2,259,199 shares of the financial services provider’s stock valued at $101,754,000 after acquiring an additional 284,389 shares in the last quarter. FMR LLC grew its holdings in shares of Interactive Brokers Group by 54.1% in the 2nd quarter. FMR LLC now owns 722,777 shares of the financial services provider’s stock valued at $27,047,000 after acquiring an additional 253,611 shares in the last quarter. Finally, Abrams Bison Investments LLC bought a new position in shares of Interactive Brokers Group in the 3rd quarter valued at about $9,864,000. 15.79% of the stock is currently owned by hedge funds and other institutional investors.

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About Interactive Brokers Group

Interactive Brokers Group, Inc (IBG, Inc) is a holding company. The Company is an automated global electronic broker and market maker specializing in routing orders, and executing and processing trades in securities, futures, foreign exchange instruments, bonds and mutual funds on over 120 electronic exchanges and market centers around the world and offering custody, prime brokerage, securities and margin lending services to customers.

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Earnings History and Estimates for Interactive Brokers Group (NASDAQ:IBKR)

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