Interactive Brokers Group, Inc. (IBKR) Expected to Post Quarterly Sales of $430.50 Million

Brokerages expect Interactive Brokers Group, Inc. (NASDAQ:IBKR) to post $430.50 million in sales for the current quarter, Zacks Investment Research reports. Two analysts have provided estimates for Interactive Brokers Group’s earnings. The highest sales estimate is $432.00 million and the lowest is $429.00 million. Interactive Brokers Group reported sales of $374.00 million in the same quarter last year, which would suggest a positive year-over-year growth rate of 15.1%. The firm is scheduled to announce its next earnings results on Tuesday, April 17th.

On average, analysts expect that Interactive Brokers Group will report full year sales of $430.50 million for the current year, with estimates ranging from $1.79 billion to $1.84 billion. For the next year, analysts expect that the firm will report sales of $2.11 billion per share, with estimates ranging from $2.00 billion to $2.21 billion. Zacks’ sales averages are an average based on a survey of sell-side research firms that that provide coverage for Interactive Brokers Group.

Interactive Brokers Group (NASDAQ:IBKR) last posted its quarterly earnings data on Tuesday, January 16th. The financial services provider reported $0.43 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.36 by $0.07. The firm had revenue of $515.00 million for the quarter, compared to the consensus estimate of $398.05 million. Interactive Brokers Group had a return on equity of 1.74% and a net margin of 3.94%. The company’s quarterly revenue was up 166.8% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.07 EPS.

Several equities research analysts recently issued reports on IBKR shares. SunTrust Banks reiterated a “hold” rating and issued a $40.00 price objective on shares of Interactive Brokers Group in a report on Wednesday, October 4th. BidaskClub downgraded Interactive Brokers Group from a “strong-buy” rating to a “buy” rating in a report on Saturday, December 16th. Zacks Investment Research downgraded Interactive Brokers Group from a “buy” rating to a “hold” rating in a report on Wednesday, January 3rd. Finally, Goldman Sachs Group downgraded Interactive Brokers Group from a “neutral” rating to a “sell” rating and set a $59.00 price target on the stock. in a report on Monday, January 8th. Two equities research analysts have rated the stock with a sell rating, five have issued a hold rating and one has issued a strong buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average target price of $50.33.

In other Interactive Brokers Group news, Vice Chairman Earl H. Nemser sold 32,000 shares of the company’s stock in a transaction dated Monday, January 22nd. The stock was sold at an average price of $62.80, for a total transaction of $2,009,600.00. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Thomas Aj Frank sold 73,265 shares of the company’s stock in a transaction dated Wednesday, November 1st. The stock was sold at an average price of $53.90, for a total value of $3,948,983.50. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 240,929 shares of company stock worth $13,255,369. 3.41% of the stock is owned by company insiders.

A number of hedge funds and other institutional investors have recently modified their holdings of the business. The Manufacturers Life Insurance Company increased its holdings in shares of 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 last quarter. FNY Partners Fund LP purchased a new position in shares of Interactive Brokers Group in the 4th quarter valued at about $177,000. Riverhead Capital Management LLC increased its holdings in shares of 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 last quarter. Advisor Partners LLC purchased a new position in shares of Interactive Brokers Group in the 4th quarter valued at about $206,000. Finally, Creative Planning purchased a new position in shares of Interactive Brokers Group in the 4th quarter valued at about $206,000. Institutional investors own 15.79% of the company’s stock.

Shares of Interactive Brokers Group (NASDAQ:IBKR) opened at $64.20 on Friday. The stock has a market capitalization of $26,900.00, a price-to-earnings ratio of 59.44, a P/E/G ratio of 3.04 and a beta of 1.02. Interactive Brokers Group has a 1-year low of $33.01 and a 1-year high of $65.58.

The business also recently declared a quarterly dividend, which will be paid on Wednesday, March 14th. Shareholders of record on Thursday, March 1st will be issued a dividend of $0.10 per share. The ex-dividend date is Wednesday, February 28th. This represents a $0.40 annualized dividend and a yield of 0.62%. Interactive Brokers Group’s dividend payout ratio (DPR) is 37.04%.

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About Interactive Brokers Group

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.

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Earnings History and Estimates for Interactive Brokers Group (NASDAQ:IBKR)

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