$437.30 Million in Sales Expected for ILG Inc. (NASDAQ:ILG) This Quarter
Analysts predict that ILG Inc. (NASDAQ:ILG) will report $437.30 million in sales for the current fiscal quarter, according to Zacks. Four analysts have issued estimates for ILG’s earnings, with the highest sales estimate coming in at $449.00 million and the lowest estimate coming in at $430.20 million. ILG posted sales of $297.00 million during the same quarter last year, which would indicate a positive year over year growth rate of 47.2%. The business is expected to issue its next quarterly earnings results on Thursday, August 3rd.
According to Zacks, analysts expect that ILG will report full year sales of $437.30 million for the current year, with estimates ranging from $1.78 billion to $1.83 billion. For the next fiscal year, analysts anticipate that the business will post sales of $1.89 billion per share, with estimates ranging from $1.83 billion to $1.93 billion. Zacks’ sales calculations are a mean average based on a survey of sell-side analysts that follow ILG.
ILG (NASDAQ:ILG) last released its earnings results on Thursday, May 4th. The business services provider reported $0.33 EPS for the quarter, topping analysts’ consensus estimates of $0.30 by $0.03. ILG had a net margin of 17.63% and a return on equity of 11.66%. The company had revenue of $452 million for the quarter, compared to analysts’ expectations of $446.32 million. During the same quarter last year, the business earned $0.41 EPS. The firm’s revenue was up 143.1% compared to the same quarter last year.
Several research analysts have recently weighed in on the company. Zacks Investment Research raised ILG from a “sell” rating to a “hold” rating in a research note on Wednesday, May 3rd. Imperial Capital upped their target price on ILG from $22.00 to $30.00 and gave the stock an “outperform” rating in a research note on Tuesday, May 30th. Oppenheimer Holdings, Inc. reaffirmed an “outperform” rating and set a $26.00 target price (up from $22.00) on shares of ILG in a research note on Friday, April 21st. Finally, CIBC boosted 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. Seven equities research analysts have rated the stock with a buy rating, The stock presently has an average rating of “Buy” and a consensus target price of $27.00.
Several hedge funds have recently modified their holdings of ILG. Creative Planning boosted its stake in shares of ILG by 6.3% in the second quarter. Creative Planning now owns 5,325 shares of the business services provider’s stock valued at $146,000 after buying an additional 316 shares during the last quarter. Strs Ohio boosted its stake in shares of ILG by 63.6% in the first quarter. Strs Ohio now owns 5,401 shares of the business services provider’s stock valued at $113,000 after buying an additional 2,100 shares during the last quarter. Sei Investments Co. boosted its stake in shares of ILG by 33.2% in the first quarter. Sei Investments Co. now owns 6,822 shares of the business services provider’s stock valued at $143,000 after buying an additional 1,701 shares during the last quarter. Ameritas Investment Partners Inc. bought a new stake in shares of ILG during the first quarter valued at about $205,000. Finally, First Citizens Bank & Trust Co. bought a new stake in shares of ILG during the first quarter valued at about $206,000. Hedge funds and other institutional investors own 82.63% of the company’s stock.
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Shares of ILG (ILG) traded down 0.22% during midday trading on Thursday, reaching $27.34. 11,399 shares of the company’s stock were exchanged. The company’s 50-day moving average is $27.02 and its 200-day moving average is $21.66. The stock has a market cap of $3.41 billion, a P/E ratio of 11.33 and a beta of 1.48. ILG has a one year low of $15.94 and a one year high of $28.99.
The company also recently declared a quarterly dividend, which was paid on Tuesday, June 20th. Investors of record on Tuesday, June 6th were given a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a dividend yield of 2.19%. The ex-dividend date of this dividend was Friday, June 2nd. ILG’s payout ratio is 22.30%.
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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