$390.50 Million in Sales Expected for Interactive Brokers Group, Inc. (IBKR) This Quarter
Wall Street analysts predict that Interactive Brokers Group, Inc. (NASDAQ:IBKR) will post $390.50 million in sales for the current quarter, Zacks reports. Two analysts have issued estimates for Interactive Brokers Group’s earnings. The lowest sales estimate is $384.00 million and the highest is $397.00 million. Interactive Brokers Group posted sales of $193.00 million during the same quarter last year, which suggests a positive year over year growth rate of 102.3%. The company is scheduled to announce its next quarterly earnings results on Tuesday, January 16th.
On average, analysts expect that Interactive Brokers Group will report full year sales of $390.50 million for the current year, with estimates ranging from $1.57 billion to $1.58 billion. For the next financial year, analysts expect that the business will post sales of $1.73 billion per share, with estimates ranging from $1.70 billion to $1.77 billion. Zacks’ sales averages are a mean average based on a survey of sell-side analysts that cover Interactive Brokers Group.
Interactive Brokers Group (NASDAQ:IBKR) last posted its quarterly earnings data on Tuesday, October 17th. The financial services provider reported $0.43 EPS for the quarter, topping the consensus estimate of $0.38 by $0.05. The company had revenue of $426.00 million during the quarter, compared to analyst estimates of $382.85 million. Interactive Brokers Group had a net margin of 5.29% and a return on equity of 1.35%. Interactive Brokers Group’s quarterly revenue was up 23.5% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.30 earnings per share.
A number of research analysts have commented on the company. Zacks Investment Research downgraded Interactive Brokers Group from a “buy” rating to a “hold” rating in a report on Thursday, July 20th. SunTrust Banks, Inc. reaffirmed a “hold” rating and set a $40.00 target price on shares of Interactive Brokers Group in a report on Wednesday, October 4th. Rosenblatt Securities assumed coverage on Interactive Brokers Group in a report on Thursday, July 13th. They set a “neutral” rating and a $40.00 target price on the stock. Finally, BidaskClub downgraded Interactive Brokers Group from a “buy” rating to a “hold” rating in a report on Wednesday, July 12th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating, one has issued a buy rating and one has assigned a strong buy rating to the company. The company presently has an average rating of “Hold” and an average target price of $41.67.
Interactive Brokers Group (IBKR) opened at 53.59 on Monday. The stock has a market capitalization of $3.81 billion, a price-to-earnings ratio of 46.08 and a beta of 0.95. Interactive Brokers Group has a 1-year low of $31.97 and a 1-year high of $53.71. The firm’s 50-day moving average is $46.34 and its 200 day moving average is $39.83.
The company also recently announced a quarterly dividend, which will be paid on Thursday, December 14th. Shareholders of record on Friday, December 1st will be issued a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a yield of 0.75%. The ex-dividend date of this dividend is Thursday, November 30th. Interactive Brokers Group’s dividend payout ratio is presently 34.48%.
In related news, insider Thomas Aj Frank sold 29,764 shares of the firm’s stock in a transaction that occurred on Thursday, October 26th. The stock was sold at an average price of $51.52, for a total value of $1,533,441.28. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CFO Paul Jonathan Brody sold 11,519 shares of the firm’s stock in a transaction that occurred on Thursday, October 26th. The stock was sold at an average price of $51.61, for a total value of $594,495.59. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 1,235,616 shares of company stock worth $55,152,794. 3.41% of the stock is currently owned by company insiders.
Institutional investors and hedge funds have recently bought and sold shares of the stock. The Manufacturers Life Insurance Company increased its position in Interactive Brokers Group by 27.9% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 2,966 shares of the financial services provider’s stock valued at $111,000 after acquiring an additional 647 shares during the period. Riverhead Capital Management LLC increased its position in Interactive Brokers Group by 71.9% in the 2nd quarter. Riverhead Capital Management LLC now owns 3,095 shares of the financial services provider’s stock valued at $116,000 after acquiring an additional 1,295 shares during the period. BlueCrest Capital Management Ltd acquired a new stake in Interactive Brokers Group in the 1st quarter valued at approximately $224,000. Hartford Investment Management Co. acquired a new stake in Interactive Brokers Group in the 2nd quarter valued at approximately $239,000. Finally, Shelton Capital Management acquired a new stake in Interactive Brokers Group in the 2nd quarter valued at approximately $253,000. Hedge funds and other institutional investors own 14.99% of the company’s stock.
Interactive Brokers Group Company Profile
Interactive Brokers Group, Inc (IBG, Inc) is a holding company. The Company is an automated global electronic broker and market maker specializing in routing orders, and executing and processing trades in securities, futures, foreign exchange instruments, bonds and mutual funds on over 120 electronic exchanges and market centers around the world and offering custody, prime brokerage, securities and margin lending services to customers.
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for Interactive Brokers Group Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Interactive Brokers Group Inc. and related companies with MarketBeat.com's FREE daily email newsletter.