Equities analysts forecast that ILG Inc. (NASDAQ:ILG) will announce $448.50 million in sales for the current quarter, Zacks reports. Four analysts have provided estimates for ILG’s earnings, with the lowest sales estimate coming in at $435.00 million and the highest estimate coming in at $462.00 million. ILG posted sales of $418.00 million during the same quarter last year, which would indicate a positive year over year growth rate of 7.3%. The company is scheduled to report its next quarterly earnings results on Tuesday, November 14th.

According to Zacks, analysts expect that ILG will report full-year sales of $448.50 million for the current financial year, with estimates ranging from $1.78 billion to $1.82 billion. For the next fiscal year, analysts expect that the company will report 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 sell-side research firms 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 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.25 by $0.01. ILG had a return on equity of 11.41% and a net margin of 7.32%. The business had revenue of $450.00 million during the quarter, compared to analysts’ expectations of $432.86 million. The firm’s quarterly revenue was up 51.5% compared to the same quarter last year.

A number of brokerages have recently weighed in on ILG. BidaskClub raised ILG from a “hold” rating to a “buy” rating in a research note on Wednesday, October 11th. Zacks Investment Research cut ILG from a “hold” rating to a “sell” rating in a research note on Tuesday, October 10th. Instinet began coverage on ILG in a research note on Friday, October 6th. They issued a “buy” rating and a $35.00 price objective for the company. Finally, Nomura began coverage on ILG in a research note on Friday, October 6th. They issued a “buy” rating and a $35.00 price objective for the company. One equities research analyst has rated the stock with a sell rating and eight have given a buy rating to the company’s stock. ILG has an average rating of “Buy” and an average price target of $29.29.

Shares of ILG (ILG) traded up 0.48% during midday trading on Wednesday, hitting $29.43. The company’s stock had a trading volume of 273,533 shares. ILG has a 12-month low of $15.94 and a 12-month high of $29.85. The firm has a market cap of $3.68 billion, a price-to-earnings ratio of 28.33 and a beta of 1.48. The firm has a 50-day moving average of $26.90 and a 200 day moving average of $26.04.

The company also recently disclosed a quarterly dividend, which was paid on Monday, September 18th. Stockholders of record on Tuesday, September 5th were paid a $0.15 dividend. The ex-dividend date of this dividend was Thursday, August 31st. This represents a $0.60 dividend on an annualized basis and a dividend yield of 2.05%. ILG’s payout ratio is presently 57.69%.

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Several hedge funds and other institutional investors have recently modified their holdings of ILG. BlackRock Inc. grew its stake in shares of ILG by 10,793.0% in the first quarter. BlackRock Inc. now owns 13,919,706 shares of the business services provider’s stock valued at $291,757,000 after buying an additional 13,791,920 shares in the last quarter. Dimensional Fund Advisors LP grew its stake in ILG by 23.9% during the 1st quarter. Dimensional Fund Advisors LP now owns 4,727,030 shares of the business services provider’s stock worth $99,078,000 after purchasing an additional 912,167 shares in the last quarter. Davidson Kempner Capital Management LP grew its stake in ILG by 308.3% during the 2nd quarter. Davidson Kempner Capital Management LP now owns 816,601 shares of the business services provider’s stock worth $22,440,000 after purchasing an additional 616,601 shares in the last quarter. Nomura Holdings Inc. acquired a new position in ILG during the 2nd quarter worth $9,956,000. Finally, Pentwater Capital Management LP acquired a new position in ILG during the 2nd quarter worth $8,247,000. 81.28% of the stock is owned by institutional investors and hedge funds.

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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