Brokerages forecast that Interactive Brokers Group, Inc. (NASDAQ:IBKR) will report sales of $345 million for the current fiscal quarter, Zacks Investment Research reports. Two analysts have provided estimates for Interactive Brokers Group’s earnings. The lowest sales estimate is $339 million and the highest is $351 million. Interactive Brokers Group posted sales of $369 million in the same quarter last year, which suggests a negative year over year growth rate of 6.5%. The firm is expected to report its next quarterly earnings results on Tuesday, July 18th.

On average, analysts expect that Interactive Brokers Group will report full year sales of $345 million for the current year, with estimates ranging from $1.4 billion to $1.59 billion. For the next fiscal year, analysts forecast that the business will report sales of $1.67 billion per share, with estimates ranging from $1.52 billion to $1.81 billion. Zacks Investment Research’s sales calculations are a mean average based on a survey of sell-side research firms that cover Interactive Brokers Group.

Interactive Brokers Group (NASDAQ:IBKR) last released its quarterly earnings data on Tuesday, April 18th. The financial services provider reported $0.34 earnings per share for the quarter, missing the consensus estimate of $0.39 by $0.05. The company had revenue of $374 million during the quarter, compared to the consensus estimate of $396.98 million. Interactive Brokers Group had a net margin of 5.69% and a return on equity of 1.46%. The business’s revenue was down 23.5% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.51 EPS.

Several equities analysts have commented on the company. Wells Fargo & Co lowered Interactive Brokers Group from a “market perform” rating to an “underperform” rating in a research report on Monday, April 3rd. Zacks Investment Research lowered Interactive Brokers Group from a “hold” rating to a “strong sell” rating in a research report on Tuesday, March 7th. Keefe, Bruyette & Woods lowered Interactive Brokers Group from an “outperform” rating to a “market perform” rating and lowered their price objective for the company from $44.00 to $38.00 in a research report on Wednesday, April 19th. Finally, SunTrust Banks, Inc. reissued a “hold” rating and set a $38.00 price objective on shares of Interactive Brokers Group in a research report on Wednesday, January 18th. One research analyst has rated the stock with a sell rating and four have issued a hold rating to the company. Interactive Brokers Group has a consensus rating of “Hold” and an average target price of $39.20.

Shares of Interactive Brokers Group (NASDAQ:IBKR) opened at 34.99 on Friday. Interactive Brokers Group has a 1-year low of $31.97 and a 1-year high of $40.38. The company has a market cap of $2.38 billion, a price-to-earnings ratio of 32.13 and a beta of 1.01. The stock has a 50 day moving average of $34.82 and a 200 day moving average of $36.51.

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 14th. Shareholders of record on Thursday, June 1st will be given a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a yield of 1.14%. The ex-dividend date of this dividend is Tuesday, May 30th. Interactive Brokers Group’s dividend payout ratio is currently 31.25%.

A number of institutional investors have recently made changes to their positions in the stock. Elkfork Partners LLC increased its position in shares of Interactive Brokers Group by 42.1% in the first quarter. Elkfork Partners LLC now owns 3,564 shares of the financial services provider’s stock valued at $124,000 after buying an additional 1,056 shares during the last quarter. Meadow Creek Investment Management LLC increased its position in shares of Interactive Brokers Group by 42.1% in the first quarter. Meadow Creek Investment Management LLC now owns 4,536 shares of the financial services provider’s stock valued at $158,000 after buying an additional 1,344 shares during the last quarter. Glen Harbor Capital Management LLC increased its position in shares of Interactive Brokers Group by 42.1% in the first quarter. Glen Harbor Capital Management LLC now owns 5,508 shares of the financial services provider’s stock valued at $191,000 after buying an additional 1,632 shares during the last quarter. WFG Advisors LP increased its position in shares of Interactive Brokers Group by 468.7% in the fourth quarter. WFG Advisors LP now owns 2,946 shares of the financial services provider’s stock valued at $203,000 after buying an additional 2,428 shares during the last quarter. Finally, Advisory Services Network LLC bought a new position in shares of Interactive Brokers Group during the first quarter valued at $203,000. 83.14% of the stock is owned by institutional investors and hedge funds.

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About Interactive Brokers Group

Interactive Brokers Group, Inc (IBG, Inc) is a holding company. The Company is an automated global electronic broker and market maker specializing in routing orders, and executing and processing trades in securities, futures, foreign exchange instruments, bonds and mutual funds on over 120 electronic exchanges and market centers around the world and offering custody, prime brokerage, securities and margin lending services to customers.

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