IAC/InterActiveCorp (NASDAQ:IAC) – Research analysts at SunTrust Banks issued their Q4 2019 earnings per share estimates for IAC/InterActiveCorp in a research report issued to clients and investors on Monday, February 11th, according to Zacks Investment Research. SunTrust Banks analyst Y. Squali anticipates that the company will post earnings per share of $1.52 for the quarter. SunTrust Banks currently has a “Buy” rating and a $237.00 target price on the stock. SunTrust Banks also issued estimates for IAC/InterActiveCorp’s FY2020 earnings at $6.76 EPS, FY2021 earnings at $9.68 EPS, FY2022 earnings at $12.93 EPS and FY2023 earnings at $16.58 EPS.
IAC/InterActiveCorp (NASDAQ:IAC) last issued its quarterly earnings results on Thursday, February 7th. The company reported $2.04 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.99 by $1.05. IAC/InterActiveCorp had a net margin of 14.71% and a return on equity of 16.53%. The business had revenue of $1.10 billion during the quarter, compared to the consensus estimate of $1.07 billion. During the same quarter in the prior year, the firm earned $0.37 EPS. The firm’s quarterly revenue was up 16.1% on a year-over-year basis.
A number of other equities research analysts also recently issued reports on the stock. BidaskClub downgraded shares of IAC/InterActiveCorp from a “buy” rating to a “hold” rating in a research report on Thursday, February 28th. Zacks Investment Research upgraded shares of IAC/InterActiveCorp from a “sell” rating to a “hold” rating in a research report on Thursday, February 14th. Jefferies Financial Group increased their target price on shares of IAC/InterActiveCorp to $260.00 in a research report on Monday, February 11th. BMO Capital Markets increased their target price on shares of IAC/InterActiveCorp from $287.00 to $291.00 and gave the stock an “outperform” rating in a research report on Monday, February 11th. Finally, Oppenheimer increased their price target on shares of IAC/InterActiveCorp from $275.00 to $280.00 and gave the stock an “outperform” rating in a research note on Monday, February 11th. One research analyst has rated the stock with a sell rating, four have issued a hold rating, seventeen have assigned a buy rating and one has assigned a strong buy rating to the stock. The company has an average rating of “Buy” and a consensus target price of $235.54.
IAC stock traded down $1.14 during midday trading on Thursday, reaching $207.80. The company had a trading volume of 310,180 shares, compared to its average volume of 723,463. IAC/InterActiveCorp has a 1 year low of $128.80 and a 1 year high of $223.98. The company has a quick ratio of 2.77, a current ratio of 2.77 and a debt-to-equity ratio of 0.60. The company has a market cap of $17.35 billion, a price-to-earnings ratio of 37.17, a PEG ratio of 2.38 and a beta of 1.14.
Hedge funds and other institutional investors have recently bought and sold shares of the business. Keybank National Association OH lifted its holdings in shares of IAC/InterActiveCorp by 1.3% during the 4th quarter. Keybank National Association OH now owns 4,710 shares of the company’s stock worth $862,000 after acquiring an additional 60 shares during the period. Cambridge Investment Research Advisors Inc. lifted its holdings in shares of IAC/InterActiveCorp by 6.5% during the 4th quarter. Cambridge Investment Research Advisors Inc. now owns 1,132 shares of the company’s stock worth $207,000 after acquiring an additional 69 shares during the period. Utah Retirement Systems lifted its holdings in shares of IAC/InterActiveCorp by 0.7% during the 4th quarter. Utah Retirement Systems now owns 13,908 shares of the company’s stock worth $2,546,000 after acquiring an additional 100 shares during the period. Highland Capital Management LLC lifted its holdings in shares of IAC/InterActiveCorp by 1.6% during the 4th quarter. Highland Capital Management LLC now owns 7,906 shares of the company’s stock worth $1,447,000 after acquiring an additional 121 shares during the period. Finally, Commonwealth Equity Services LLC lifted its holdings in shares of IAC/InterActiveCorp by 5.3% during the 4th quarter. Commonwealth Equity Services LLC now owns 2,765 shares of the company’s stock worth $506,000 after acquiring an additional 138 shares during the period. Institutional investors own 88.42% of the company’s stock.
In other IAC/InterActiveCorp news, Director David S. Rosenblatt sold 4,528 shares of the firm’s stock in a transaction on Tuesday, February 12th. The shares were sold at an average price of $220.64, for a total value of $999,057.92. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, CFO Glenn Schiffman sold 2,000 shares of the firm’s stock in a transaction on Friday, March 1st. The stock was sold at an average price of $213.68, for a total transaction of $427,360.00. The disclosure for this sale can be found here. Insiders sold a total of 10,528 shares of company stock worth $2,222,948 over the last quarter. 10.90% of the stock is currently owned by company insiders.
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.