$452.25 Million in Sales Expected for ILG Inc. (ILG) This Quarter
Equities research analysts expect that ILG Inc. (NASDAQ:ILG) will announce sales of $452.25 million for the current fiscal quarter, Zacks reports. Four analysts have provided estimates for ILG’s earnings, with estimates ranging from $446.00 million to $462.00 million. ILG reported sales of $418.00 million during the same quarter last year, which indicates a positive year-over-year growth rate of 8.2%. The firm is expected 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 fiscal year, analysts expect that the business will post sales of $1.90 billion per share, with estimates ranging from $1.84 billion to $1.95 billion. Zacks’ sales calculations are a mean average based on a survey of analysts that that provide coverage for ILG.
ILG (NASDAQ:ILG) last issued its earnings results on Thursday, August 3rd. The business services provider reported $0.26 EPS for the quarter, topping the Zacks’ consensus estimate of $0.25 by $0.01. The business had revenue of $450 million for the quarter, compared to analyst estimates of $432.86 million. ILG had a net margin of 7.32% and a return on equity of 11.41%. ILG’s revenue for the quarter was up 51.5% on a year-over-year basis.
ILG has been the topic of several recent analyst reports. Zacks Investment Research upgraded shares of ILG from a “hold” rating to a “buy” rating and set a $31.00 price objective on the stock in a report on Wednesday, July 5th. Imperial Capital upped their price objective on shares of ILG from $22.00 to $30.00 and gave the stock an “outperform” rating in a report on Tuesday, May 30th. Seven research analysts have rated the stock with a buy rating, The stock currently has a consensus rating of “Buy” and an average price target of $26.67.
ILG (NASDAQ:ILG) opened at 25.26 on Friday. The stock’s 50 day moving average is $26.25 and its 200-day moving average is $24.45. The stock has a market capitalization of $3.16 billion, a price-to-earnings ratio of 24.31 and a beta of 1.48. ILG has a 12 month low of $15.94 and a 12 month high of $28.99.
The company also recently disclosed a quarterly dividend, which will be paid on Monday, September 18th. Shareholders of record on Tuesday, September 5th will be given a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a dividend yield of 2.38%. The ex-dividend date is Thursday, August 31st. ILG’s dividend payout ratio is presently 57.69%.
Large investors have recently made changes to their positions in the business. Advisor Group Inc. increased its position in shares of ILG by 28.0% in the 2nd quarter. Advisor Group Inc. now owns 5,114 shares of the business services provider’s stock valued at $137,000 after purchasing an additional 1,119 shares during the last quarter. Creative Planning increased its position in shares of ILG by 6.3% in the 2nd quarter. Creative Planning now owns 5,325 shares of the business services provider’s stock valued at $146,000 after purchasing an additional 316 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank increased its position in shares of ILG by 11.4% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 5,354 shares of the business services provider’s stock valued at $147,000 after purchasing an additional 550 shares during the last quarter. Strs Ohio increased its position in shares of ILG by 63.6% in the 1st quarter. Strs Ohio now owns 5,401 shares of the business services provider’s stock valued at $113,000 after purchasing an additional 2,100 shares during the last quarter. Finally, Sei Investments Co. increased its position in shares of ILG by 33.2% in the 1st quarter. Sei Investments Co. now owns 6,822 shares of the business services provider’s stock valued at $143,000 after purchasing an additional 1,701 shares during the last quarter. 80.64% of the stock is currently owned by institutional investors.
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.
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for ILG Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for ILG Inc. and related companies with MarketBeat.com's FREE daily email newsletter.