Zacks: Analysts Expect IAC/InterActiveCorp (IAC) Will Post Quarterly Sales of $1.07 Billion

Wall Street brokerages expect IAC/InterActiveCorp (NASDAQ:IAC) to report $1.07 billion in sales for the current quarter, according to Zacks. Five analysts have provided estimates for IAC/InterActiveCorp’s earnings, with the lowest sales estimate coming in at $1.06 billion and the highest estimate coming in at $1.08 billion. IAC/InterActiveCorp posted sales of $950.59 million during the same quarter last year, which suggests a positive year over year growth rate of 12.6%. The business is expected to report its next quarterly earnings report on Wednesday, February 6th.

On average, analysts expect that IAC/InterActiveCorp will report full-year sales of $4.22 billion for the current year, with estimates ranging from $4.18 billion to $4.24 billion. For the next fiscal year, analysts expect that the firm will report sales of $4.79 billion, with estimates ranging from $4.71 billion to $4.84 billion. Zacks Investment Research’s sales averages are a mean average based on a survey of sell-side analysts that cover IAC/InterActiveCorp.

IAC/InterActiveCorp (NASDAQ:IAC) last released its earnings results on Wednesday, November 7th. The company reported $1.49 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.03 by $0.46. The company had revenue of $1.10 billion during the quarter, compared to analysts’ expectations of $1.07 billion. IAC/InterActiveCorp had a return on equity of 15.84% and a net margin of 11.39%. The business’s revenue for the quarter was up 33.3% on a year-over-year basis. During the same period last year, the firm earned $0.55 EPS.

Several equities research analysts have recently commented on the company. Macquarie initiated coverage on IAC/InterActiveCorp in a research note on Wednesday, November 28th. They issued an “outperform” rating for the company. Aegis restated a “buy” rating and issued a $250.00 price target on shares of IAC/InterActiveCorp in a research report on Thursday, November 22nd. ValuEngine lowered IAC/InterActiveCorp from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, November 20th. Wells Fargo & Co reduced their price target on IAC/InterActiveCorp from $220.00 to $210.00 and set an “outperform” rating on the stock in a research report on Monday, November 12th. Finally, BMO Capital Markets raised their price target on IAC/InterActiveCorp to $282.00 and gave the stock an “outperform” rating in a research report on Friday, November 9th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and nineteen have assigned a buy rating to the stock. The stock has a consensus rating of “Buy” and an average price target of $222.25.

In other IAC/InterActiveCorp news, CFO Glenn Schiffman sold 2,000 shares of IAC/InterActiveCorp stock in a transaction dated Monday, October 1st. The stock was sold at an average price of $217.22, for a total transaction of $434,440.00. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Insiders own 10.90% of the company’s stock.

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Stratos Wealth Partners LTD. acquired a new stake in shares of IAC/InterActiveCorp in the 3rd quarter valued at about $131,000. OLD Mutual Customised Solutions Proprietary Ltd. acquired a new stake in shares of IAC/InterActiveCorp in the 2nd quarter valued at about $107,000. Meiji Yasuda Asset Management Co Ltd. acquired a new stake in shares of IAC/InterActiveCorp in the 3rd quarter valued at about $206,000. Ibex Investors LLC acquired a new stake in shares of IAC/InterActiveCorp in the 3rd quarter valued at about $214,000. Finally, MML Investors Services LLC acquired a new stake in shares of IAC/InterActiveCorp in the 3rd quarter valued at about $215,000. 87.04% of the stock is currently owned by hedge funds and other institutional investors.

Shares of NASDAQ IAC traded down $5.80 during midday trading on Tuesday, hitting $177.76. The stock had a trading volume of 1,028,709 shares, compared to its average volume of 908,789. The stock has a market capitalization of $14.86 billion, a P/E ratio of 230.86, a price-to-earnings-growth ratio of 2.14 and a beta of 1.32. IAC/InterActiveCorp has a fifty-two week low of $118.83 and a fifty-two week high of $223.54. The company has a debt-to-equity ratio of 0.60, a quick ratio of 2.77 and a current ratio of 2.77.

IAC/InterActiveCorp Company Profile

IAC/InterActiveCorp, together with its subsidiaries, operates as a media and Internet company in the United States and internationally. It operates through Match Group, ANGI Homeservices, Video, Applications, and Publishing segments. The Match Group segment provides subscription dating products, which enable users to establish a profile and review the profiles of other users in 42 languages.

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

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