$0.29 Earnings Per Share Expected for ILG Inc. (ILG) This Quarter
Wall Street brokerages expect ILG Inc. (NASDAQ:ILG) to post earnings per share of $0.29 for the current quarter, according to Zacks Investment Research. Three analysts have issued estimates for ILG’s earnings, with estimates ranging from $0.28 to $0.31. ILG reported earnings of $0.39 per share in the same quarter last year, which would indicate a negative year-over-year growth rate of 25.6%. The company is scheduled to announce its next quarterly earnings report after the market closes on Tuesday, November 7th.
According to Zacks, analysts expect that ILG will report full-year earnings of $1.19 per share for the current fiscal year, with EPS estimates ranging from $1.16 to $1.22. For the next year, analysts forecast that the business will report earnings of $1.30 per share, with EPS estimates ranging from $1.23 to $1.35. Zacks Investment Research’s earnings per share calculations are a mean average based on a survey of sell-side research firms that that provide coverage for ILG.
ILG (NASDAQ:ILG) last released its quarterly earnings results on Thursday, August 3rd. The business services provider reported $0.26 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.25 by $0.01. ILG had a net margin of 7.32% and a return on equity of 11.41%. The business had revenue of $450.00 million for the quarter, compared to analysts’ expectations of $432.86 million. ILG’s revenue for the quarter was up 51.5% compared to the same quarter last year.
A number of research firms have weighed in on ILG. BidaskClub raised ILG from a “hold” rating to a “buy” rating in a research report on Wednesday, October 11th. Zacks Investment Research cut ILG from a “buy” rating to a “hold” rating in a research report on Thursday, August 24th. Nomura began coverage on ILG in a research report on Friday, October 6th. They set a “buy” rating and a $35.00 price objective for the company. Finally, Instinet began coverage on ILG in a research report on Friday, October 6th. They set a “buy” rating and a $35.00 price objective for the company. One investment analyst has rated the stock with a sell rating and eight have issued a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average target price of $29.29.
Several institutional investors and hedge funds have recently bought and sold shares of the company. BlackRock Inc. lifted its holdings in shares of ILG by 10,793.0% in the 1st 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 during the period. Vanguard Group Inc. lifted its holdings in shares of ILG by 2.6% in the 1st quarter. Vanguard Group Inc. now owns 9,740,940 shares of the business services provider’s stock valued at $204,171,000 after buying an additional 247,902 shares during the period. Dimensional Fund Advisors LP lifted its holdings in shares of ILG by 13.9% in the 2nd quarter. Dimensional Fund Advisors LP now owns 5,383,306 shares of the business services provider’s stock valued at $147,987,000 after buying an additional 656,276 shares during the period. State Street Corp lifted its holdings in shares of ILG by 2.0% in the 2nd quarter. State Street Corp now owns 2,774,726 shares of the business services provider’s stock valued at $76,278,000 after buying an additional 53,621 shares during the period. Finally, Northern Trust Corp lifted its holdings in shares of ILG by 8.5% in the 2nd quarter. Northern Trust Corp now owns 2,253,551 shares of the business services provider’s stock valued at $61,950,000 after buying an additional 175,908 shares during the period. 81.81% of the stock is owned by institutional investors and hedge funds.
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Shares of ILG (NASDAQ:ILG) traded up $0.80 during mid-day trading on Friday, reaching $30.45. 1,161,667 shares of the company’s stock were exchanged, compared to its average volume of 1,238,072. The company has a debt-to-equity ratio of 0.56, a current ratio of 1.58 and a quick ratio of 1.00. The stock has a market capitalization of $3.75 billion, a P/E ratio of 20.59 and a beta of 1.53.
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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