$448.50 Million in Sales Expected for ILG Inc. (ILG) This Quarter
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%.
TRADEMARK VIOLATION NOTICE: This story was first published by American Banking News and is the property of of American Banking News. If you are accessing this story on another publication, it was stolen and reposted in violation of international copyright & trademark laws. The correct version of this story can be viewed at https://www.americanbankingnews.com/2017/10/18/448-50-million-in-sales-expected-for-ilg-inc-ilg-this-quarter.html.
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.
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.