$435.8 Million in Sales Expected for ILG Inc (ILG) This Quarter
Equities analysts predict that ILG Inc (NASDAQ:ILG) will announce $435.8 million in sales for the current quarter, according to Zacks Investment Research. Four analysts have made estimates for ILG’s earnings. The lowest sales estimate is $427 million and the highest is $449 million. ILG posted sales of $297 million during the same quarter last year, which would indicate a positive year over year growth rate of 46.7%. The firm is scheduled to report its next quarterly earnings report on Thursday, August 3rd.
According to Zacks, analysts expect that ILG will report full year sales of $435.8 million for the current year, with estimates ranging from $1.78 billion to $1.83 billion. For the next financial year, analysts anticipate that the company will post sales of $1.89 billion per share, with estimates ranging from $1.83 billion to $1.93 billion. Zacks Investment Research’s sales averages are a mean average based on a survey of sell-side research firms that follow ILG.
ILG (NASDAQ:ILG) last posted its earnings results on Thursday, May 4th. The business services provider reported $0.33 earnings per share for the quarter, beating analysts’ consensus estimates of $0.30 by $0.03. ILG had a return on equity of 11.91% and a net margin of 23.40%. The company had revenue of $452 million for the quarter, compared to the consensus estimate of $446.32 million. During the same quarter in the prior year, the company earned $0.41 earnings per share. ILG’s revenue was up 143.1% on a year-over-year basis.
A number of brokerages have commented on ILG. Zacks Investment Research raised ILG from a “sell” rating to a “hold” rating in a research report on Wednesday, May 3rd. Oppenheimer Holdings Inc. reaffirmed an “outperform” rating and set a $26.00 price target (up previously from $22.00) on shares of ILG in a research report on Friday, April 21st. CIBC lifted their price target on ILG from $22.00 to $26.00 and gave the stock an “outperform” rating in a research report on Monday, April 24th. Finally, Janney Montgomery Scott began coverage on ILG in a research report on Monday, January 30th. They set a “buy” rating and a $24.00 price target for the company. One research analyst has rated the stock with a hold rating and five have assigned a buy rating to the stock. The company presently has an average rating of “Buy” and a consensus price target of $24.40.
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In other ILG news, SVP Marie A. Lee sold 7,000 shares of ILG stock in a transaction dated Tuesday, March 7th. The stock was sold at an average price of $18.36, for a total transaction of $128,520.00. Following the completion of the sale, the senior vice president now owns 9,300 shares of the company’s stock, valued at approximately $170,748. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders own 1.70% of the company’s stock.
Several institutional investors have recently modified their holdings of the stock. State of Alaska Department of Revenue boosted its position in shares of ILG by 1.9% in the first quarter. State of Alaska Department of Revenue now owns 11,730 shares of the business services provider’s stock valued at $245,000 after buying an additional 220 shares during the period. Louisiana State Employees Retirement System boosted its position in shares of ILG by 1.2% in the first quarter. Louisiana State Employees Retirement System now owns 43,100 shares of the business services provider’s stock valued at $903,000 after buying an additional 500 shares during the period. Arizona State Retirement System boosted its position in shares of ILG by 1.1% in the first quarter. Arizona State Retirement System now owns 55,165 shares of the business services provider’s stock valued at $1,156,000 after buying an additional 600 shares during the period. Prudential Financial Inc. boosted its position in shares of ILG by 0.7% in the first quarter. Prudential Financial Inc. now owns 182,281 shares of the business services provider’s stock valued at $3,821,000 after buying an additional 1,310 shares during the period. Finally, 1st Global Advisors Inc. boosted its position in shares of ILG by 15.5% in the first quarter. 1st Global Advisors Inc. now owns 11,694 shares of the business services provider’s stock valued at $245,000 after buying an additional 1,570 shares during the period. 71.26% of the stock is owned by institutional investors and hedge funds.
ILG (NASDAQ:ILG) opened at 26.73 on Friday. The firm has a 50-day moving average price of $23.64 and a 200-day moving average price of $19.74. The company has a market cap of $3.34 billion, a P/E ratio of 11.07 and a beta of 1.56. ILG has a 12-month low of $12.83 and a 12-month high of $27.01.
The company also recently declared a quarterly dividend, which will be paid on Tuesday, June 20th. Shareholders of record on Tuesday, June 6th will be given a dividend of $0.15 per share. The ex-dividend date of this dividend is Friday, June 2nd. This represents a $0.60 dividend on an annualized basis and a yield of 2.24%. ILG’s dividend payout ratio is currently 17.71%.
ILG Company Profile
ILG, Inc, formerly Interval Leisure Group, Inc, is a provider of professionally delivered vacation experiences. The Company is a global licensee for the Hyatt, Westin and Sheraton brands in vacation ownership. The Company operates through two segments: Exchange and Rental, and Vacation Ownership. Its 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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