ILG Inc. (ILG) Expected to Post Quarterly Sales of $452.25 Million
Wall Street analysts forecast that ILG Inc. (NASDAQ:ILG) will announce sales of $452.25 million for the current quarter, according to Zacks. Four analysts have provided estimates for ILG’s earnings, with estimates ranging from $446.00 million to $462.00 million. ILG posted sales of $418.00 million in the same quarter last year, which would indicate a positive year over year growth rate of 8.2%. The firm is scheduled to issue its next quarterly earnings results on Tuesday, November 14th.
On average, analysts expect that ILG will report full-year sales of $452.25 million for the current fiscal year, with estimates ranging from $1.79 billion to $1.82 billion. For the next financial year, analysts expect that the firm will post sales of $1.90 billion per share, with estimates ranging from $1.84 billion to $1.95 billion. Zacks’ sales averages are a mean average based on a survey of sell-side research analysts that follow ILG.
ILG (NASDAQ:ILG) last posted its earnings results on Thursday, August 3rd. The business services provider reported $0.26 EPS for the quarter, beating analysts’ consensus estimates of $0.25 by $0.01. The firm had revenue of $450 million during the quarter, compared to the consensus estimate of $432.86 million. ILG had a return on equity of 11.41% and a net margin of 7.32%. The firm’s quarterly revenue was up 51.5% compared to the same quarter last year.
A number of equities analysts have weighed in on ILG shares. CIBC boosted their price objective on ILG from $22.00 to $26.00 and gave the stock an “outperform” rating in a research note on Monday, April 24th. Zacks Investment Research raised ILG from a “hold” rating to a “buy” rating and set a $31.00 price objective on the stock in a research note on Wednesday, July 5th. Finally, Imperial Capital boosted their price objective on ILG from $22.00 to $30.00 and gave the stock an “outperform” rating in a research note on Tuesday, May 30th. Seven research analysts have rated the stock with a buy rating, The stock has an average rating of “Buy” and an average price target of $26.67.
ILG (ILG) opened at 26.13 on Tuesday. The company has a market capitalization of $3.26 billion, a P/E ratio of 25.15 and a beta of 1.47. ILG has a 52-week low of $15.94 and a 52-week high of $28.99. The stock’s 50 day moving average price is $26.73 and its 200-day moving average price is $23.87.
The business also recently disclosed a quarterly dividend, which will be paid on Monday, September 18th. Shareholders of record on Tuesday, September 5th will be paid a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a yield of 2.30%. The ex-dividend date is Thursday, August 31st. ILG’s dividend payout ratio (DPR) is currently 57.69%.
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Institutional investors have recently made changes to their positions in the stock. Bank of Montreal Can raised its position in shares of ILG by 1.5% in the first quarter. Bank of Montreal Can now owns 137,653 shares of the business services provider’s stock valued at $2,885,000 after buying an additional 1,991 shares during the period. Swiss National Bank raised its position in shares of ILG by 6.1% in the first quarter. Swiss National Bank now owns 198,087 shares of the business services provider’s stock valued at $4,152,000 after buying an additional 11,400 shares during the period. UBS Asset Management Americas Inc. acquired a new position in shares of ILG during the fourth quarter valued at approximately $716,000. Corsair Capital Management L.P. acquired a new position in shares of ILG during the first quarter valued at approximately $27,464,000. Finally, Schwab Charles Investment Management Inc. raised its position in shares of ILG by 8.8% in the first quarter. Schwab Charles Investment Management Inc. now owns 529,950 shares of the business services provider’s stock valued at $11,108,000 after buying an additional 42,805 shares during the period. 81.01% of the stock is currently owned by institutional investors and hedge funds.
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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