IAC/InterActiveCorp (IAC) Set to Announce Quarterly Earnings on Tuesday
IAC/InterActiveCorp (NASDAQ:IAC) is scheduled to announce its earnings results after the market closes on Tuesday, October 31st. Analysts expect the company to announce earnings of $0.95 per share for the quarter.
IAC/InterActiveCorp (NASDAQ:IAC) last issued its quarterly earnings results on Wednesday, August 2nd. The company reported $0.74 EPS for the quarter, topping the Zacks’ consensus estimate of $0.50 by $0.24. IAC/InterActiveCorp had a return on equity of 9.16% and a net margin of 7.66%. The company had revenue of $767.39 million for the quarter, compared to analysts’ expectations of $758.01 million. During the same quarter last year, the business earned $0.42 earnings per share. IAC/InterActiveCorp’s revenue was up 2.9% on a year-over-year basis. On average, analysts expect IAC/InterActiveCorp to post $2.19 EPS for the current fiscal year and $3.81 EPS for the next fiscal year.
IAC/InterActiveCorp (NASDAQ:IAC) opened at 123.67 on Tuesday. The company has a 50 day moving average price of $119.24 and a 200-day moving average price of $105.12. IAC/InterActiveCorp has a 12 month low of $60.39 and a 12 month high of $127.28. The company has a market cap of $9.86 billion, a PE ratio of 44.20 and a beta of 1.14.
IAC has been the topic of a number of research analyst reports. Cowen and Company restated a “buy” rating and issued a $115.00 target price on shares of IAC/InterActiveCorp in a research note on Sunday, July 30th. BidaskClub lowered IAC/InterActiveCorp from a “strong-buy” rating to a “buy” rating in a research note on Saturday, September 16th. Benchmark Co. upped their target price on IAC/InterActiveCorp from $135.00 to $150.00 and gave the stock a “buy” rating in a research note on Thursday, September 21st. Zacks Investment Research upgraded IAC/InterActiveCorp from a “sell” rating to a “hold” rating in a research note on Wednesday, October 4th. Finally, Oppenheimer Holdings, Inc. restated a “buy” rating and issued a $141.00 target price (up from $127.00) on shares of IAC/InterActiveCorp in a research note on Thursday, October 5th. One equities research analyst has rated the stock with a hold rating and twenty have assigned a buy rating to the company’s stock. IAC/InterActiveCorp presently has an average rating of “Buy” and an average target price of $132.10.
IAC/InterActiveCorp Company Profile
IAC/InterActiveCorp (IAC) is a media and Internet company. The Company’s brands include HomeAdvisor, Vimeo, Dictionary.com and Match Group’s online dating portfolio, which includes Tinder, PlentyOfFish and OkCupid. Its segments include Match Group, HomeAdvisor, Video, Applications and Publishing. Match Group includes the dating and non-dating businesses of Match Group, Inc HomeAdvisor is a home services digital marketplace that helps connect consumers with home professionals in North America, as well as in France, the Netherlands and Italy under various brands.
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