IAC/InterActiveCorp. (IACI) Releases Quarterly Earnings Results
IAC/InterActiveCorp. (NASDAQ:IACI) released its earnings data on Tuesday. The company reported $1.29 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.95 by $0.34, Analyst Ratings Net reports. The company had revenue of $756.87 million for the quarter, compared to the consensus estimate of $805.70 million. During the same quarter last year, the company posted $0.71 earnings per share. IAC/InterActiveCorp.’s revenue was up 5.9% compared to the same quarter last year.
A number of research firms have recently commented on IACI. Analysts at Benchmark Co. raised their price target on shares of IAC/InterActiveCorp. from $63.00 to $66.00 in a research note to investors on Tuesday. They now have a “buy” rating on the stock. On a related note, analysts at Canaccord Genuity reiterated a “hold” rating on shares of IAC/InterActiveCorp. in a research note to investors on Friday, September 20th. They now have a $56.00 price target on the stock. Finally, analysts at UBS AG raised their price target on shares of IAC/InterActiveCorp. from $58.00 to $62.00 in a research note to investors on Friday, September 20th. They now have a “buy” rating on the stock. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and eight have assigned a buy rating to the stock. IAC/InterActiveCorp. presently has a consensus rating of “Hold” and a consensus target price of $59.30.
IAC/InterActiveCorp. (NASDAQ:IACI) traded up 1.54% during mid-day trading on Tuesday, hitting $57.90. 2,039,338 shares of the company’s stock traded hands. IAC/InterActiveCorp. has a one year low of $38.20 and a one year high of $55.57. The stock has a 50-day moving average of $50.74 and a 200-day moving average of $47.99. The company has a market cap of $4.804 billion and a price-to-earnings ratio of 26.73.
IAC/InterActiveCorp (NASDAQ:IACI) is a media and Internet company consists of more than 150 brands and products.
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