Interval Leisure Group Inc. (IILG) Downgraded by Zacks Investment Research
Interval Leisure Group Inc. (NASDAQ:IILG) was downgraded by Zacks Investment Research from a “strong-buy” rating to a “hold” rating in a research note issued to investors on Wednesday.
According to Zacks, “INTERVAL LEISURE GROUP is a leading provider of membership and leisure services to consumers and business-to-business customers in the vacation industry. Its principal business is Interval International, a pioneer and innovator serving the vacation ownership market for more than 32 years. Interval International is a membership-based organization that offers a comprehensive package of year-round benefits, including the opportunity to trade the use of resort time for alternate accommodations. Today, Interval has a network of over 2,400 resorts in excess of 75 countries, and offers its resort clients and approximately two million member families high-quality products and programs through 29 offices in 17 nations. RQH provides vacation rental and property management services to vacationers and vacation property owners across Hawaii with a portfolio of approximately 5,000 units in properties throughout the islands. ILG is headquartered in Miami, Florida, and has approximately 2,900 employees worldwide. “
Several other analysts also recently commented on IILG. MKM Partners set a $25.00 target price on shares of Interval Leisure Group and gave the company a “buy” rating in a report on Friday, August 5th. TheStreet upgraded shares of Interval Leisure Group from a “hold” rating to a “buy” rating in a report on Thursday, July 14th.
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Shares of Interval Leisure Group (NASDAQ:IILG) traded down 0.81% during mid-day trading on Wednesday, reaching $17.14. 1,241,534 shares of the company’s stock traded hands. Interval Leisure Group has a 12-month low of $10.61 and a 12-month high of $21.98. The firm has a 50-day moving average of $17.13 and a 200 day moving average of $15.74. The company has a market cap of $2.14 billion, a P/E ratio of 4.92 and a beta of 1.30.
Interval Leisure Group (NASDAQ:IILG) last announced its earnings results on Thursday, August 4th. The company reported $0.36 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.21 by $0.15. The company earned $297 million during the quarter, compared to the consensus estimate of $345.40 million. Interval Leisure Group had a net margin of 28.78% and a return on equity of 12.35%. The firm’s revenue for the quarter was up 70.7% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.29 earnings per share. Equities analysts forecast that Interval Leisure Group will post $1.43 EPS for the current year.
The business also recently declared a quarterly dividend, which was paid on Wednesday, September 21st. Investors of record on Wednesday, September 7th were given a dividend of $0.12 per share. The ex-dividend date of this dividend was Friday, September 2nd. This represents a $0.48 annualized dividend and a yield of 2.80%. Interval Leisure Group’s payout ratio is currently 17.20%.
An institutional investor recently bought a new position in Interval Leisure Group stock. Norges Bank purchased a new position in Interval Leisure Group Inc. (NASDAQ:IILG) during the fourth quarter, according to its most recent filing with the SEC. The fund purchased 632,762 shares of the company’s stock, valued at approximately $9,877,000. Norges Bank owned 1.10% of Interval Leisure Group at the end of the most recent reporting period. 80.46% of the stock is owned by hedge funds and other institutional investors.
About Interval Leisure Group
Interval Leisure Group, Inc (ILG) is a provider of non-traditional lodging, encompassing a portfolio of leisure businesses from exchange and vacation rental to vacation ownership. The Company operates through two segments. The Exchange and Rental segment offers access to vacation accommodations and other travel-related transactions and services to leisure travelers, by providing vacation exchange services and vacation rental, working with resort developers and operating vacation rental properties.
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