IAC/InterActiveCorp to Post Q1 2020 Earnings of $0.46 Per Share, Jefferies Financial Group Forecasts (NASDAQ:IAC)

IAC/InterActiveCorp (NASDAQ:IAC) – Equities researchers at Jefferies Financial Group issued their Q1 2020 earnings per share (EPS) estimates for shares of IAC/InterActiveCorp in a research note issued to investors on Monday, February 10th. Jefferies Financial Group analyst B. Thill anticipates that the company will earn $0.46 per share for the quarter. Jefferies Financial Group also issued estimates for IAC/InterActiveCorp’s Q2 2020 earnings at $1.30 EPS, Q3 2020 earnings at $1.53 EPS and Q4 2020 earnings at $1.64 EPS.

IAC/InterActiveCorp (NASDAQ:IAC) last posted its quarterly earnings results on Wednesday, February 5th. The company reported $1.05 earnings per share for the quarter, missing the consensus estimate of $1.18 by ($0.13). The business had revenue of $1.22 billion for the quarter, compared to analyst estimates of $1.23 billion. IAC/InterActiveCorp had a net margin of 9.06% and a return on equity of 11.62%. The firm’s quarterly revenue was up 10.3% on a year-over-year basis. During the same period in the previous year, the firm posted $2.04 earnings per share.

IAC has been the topic of a number of other research reports. Credit Suisse Group boosted their target price on IAC/InterActiveCorp from to and gave the company an “outperform” rating in a research note on Friday, February 7th. Barclays restated a “buy” rating on shares of IAC/InterActiveCorp in a research note on Friday, February 7th. BTIG Research downgraded IAC/InterActiveCorp from a “buy” rating to a “neutral” rating in a research note on Friday, December 20th. Oppenheimer boosted their target price on IAC/InterActiveCorp from to and gave the company an “outperform” rating in a research note on Thursday, January 9th. Finally, Deutsche Bank lowered their target price on IAC/InterActiveCorp from $279.00 to $256.00 and set a “buy” rating on the stock in a research note on Friday, November 8th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and seventeen have issued a buy rating to the stock. IAC/InterActiveCorp presently has an average rating of “Buy” and an average target price of $286.95.

NASDAQ:IAC opened at $237.95 on Thursday. The firm has a market capitalization of $20.13 billion, a price-to-earnings ratio of 52.88, a PEG ratio of 1.33 and a beta of 0.91. IAC/InterActiveCorp has a 1-year low of $201.50 and a 1-year high of $278.85. The company has a current ratio of 3.56, a quick ratio of 3.56 and a debt-to-equity ratio of 0.82. The business’s fifty day moving average price is $255.99 and its 200 day moving average price is $237.98.

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. ProShare Advisors LLC lifted its position in shares of IAC/InterActiveCorp by 1.8% during the 4th quarter. ProShare Advisors LLC now owns 3,461 shares of the company’s stock worth $862,000 after purchasing an additional 60 shares during the last quarter. Rockefeller Capital Management L.P. lifted its position in shares of IAC/InterActiveCorp by 19.5% during the 4th quarter. Rockefeller Capital Management L.P. now owns 411 shares of the company’s stock worth $102,000 after purchasing an additional 67 shares during the last quarter. Brasada Capital Management LP lifted its position in shares of IAC/InterActiveCorp by 2.2% during the 4th quarter. Brasada Capital Management LP now owns 3,142 shares of the company’s stock worth $783,000 after purchasing an additional 68 shares during the last quarter. Advisory Services Network LLC lifted its position in shares of IAC/InterActiveCorp by 65.4% during the 4th quarter. Advisory Services Network LLC now owns 177 shares of the company’s stock worth $44,000 after purchasing an additional 70 shares during the last quarter. Finally, Banco Santander S.A. lifted its position in shares of IAC/InterActiveCorp by 7.6% during the 4th quarter. Banco Santander S.A. now owns 1,011 shares of the company’s stock worth $252,000 after purchasing an additional 71 shares during the last quarter. 88.52% of the stock is owned by institutional investors and hedge funds.

In other news, CFO Glenn Schiffman sold 1,000 shares of the company’s stock in a transaction dated Monday, December 16th. The stock was sold at an average price of $225.31, for a total transaction of $225,310.00. Following the completion of the sale, the chief financial officer now owns 1,000 shares in the company, valued at approximately $225,310. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. In the last quarter, insiders have sold 12,000 shares of company stock valued at $2,936,110. 11.50% of the stock is currently owned by corporate insiders.

About IAC/InterActiveCorp

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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