Zacks: Analysts Expect Interactive Brokers Group, Inc. (IBKR) to Announce $0.49 EPS

Wall Street brokerages expect Interactive Brokers Group, Inc. (NASDAQ:IBKR) to report earnings per share of $0.49 for the current quarter, according to Zacks. Two analysts have issued estimates for Interactive Brokers Group’s earnings, with the highest EPS estimate coming in at $0.50 and the lowest estimate coming in at $0.47. Interactive Brokers Group reported earnings per share of $0.34 in the same quarter last year, which would suggest a positive year over year growth rate of 44.1%. The company is scheduled to issue its next earnings report on Tuesday, April 17th.

On average, analysts expect that Interactive Brokers Group will report full year earnings of $2.08 per share for the current financial year, with EPS estimates ranging from $2.00 to $2.15. For the next financial year, analysts expect that the firm will report earnings of $2.48 per share, with EPS estimates ranging from $2.45 to $2.50. Zacks Investment Research’s EPS averages are a mean average based on a survey of sell-side analysts that cover Interactive Brokers Group.

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

A number of analysts have issued reports on IBKR shares. Goldman Sachs Group downgraded shares of 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. BidaskClub downgraded shares of Interactive Brokers Group from a “strong-buy” rating to a “buy” rating in a report on Saturday, December 16th. SunTrust Banks lifted their price target on shares of Interactive Brokers Group from $48.00 to $60.00 and gave the company a “hold” rating in a report on Wednesday, January 17th. They noted that the move was a valuation call. Zacks Investment Research downgraded shares of Interactive Brokers Group from a “buy” rating to a “hold” rating in a report on Wednesday, January 3rd. Finally, Sandler O’Neill reiterated a “buy” rating on shares of Interactive Brokers Group in a report on Friday, February 2nd. Two research analysts have rated the stock with a sell rating, four have issued a hold rating, two have issued a buy rating and one has given a strong buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $50.33.

Shares of Interactive Brokers Group (NASDAQ IBKR) opened at $62.02 on Monday. The stock has a market cap of $25,534.01, a price-to-earnings ratio of 57.96, a price-to-earnings-growth ratio of 2.99 and a beta of 1.05. Interactive Brokers Group has a fifty-two week low of $33.01 and a fifty-two week high of $67.42.

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, March 14th. Stockholders of record on Thursday, March 1st will be issued a $0.10 dividend. The ex-dividend date is Wednesday, February 28th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.64%. Interactive Brokers Group’s dividend payout ratio (DPR) is presently 37.38%.

In other news, Vice Chairman Earl H. Nemser sold 32,000 shares of the business’s stock in a transaction dated Monday, January 22nd. The shares were sold at an average price of $62.80, for a total value of $2,009,600.00. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Insiders own 3.41% of the company’s stock.

Large investors have recently modified their holdings of the stock. The Manufacturers Life Insurance Company grew its holdings in Interactive Brokers Group by 27.9% during 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 purchasing an additional 647 shares during the last quarter. Toronto Dominion Bank bought a new position in Interactive Brokers Group during the 4th quarter valued at about $118,000. FNY Partners Fund LP bought a new position in Interactive Brokers Group during the 4th quarter valued at about $177,000. LS Investment Advisors LLC grew its holdings in Interactive Brokers Group by 34.3% during the 4th quarter. LS Investment Advisors LLC now owns 3,300 shares of the financial services provider’s stock valued at $195,000 after purchasing an additional 843 shares during the last quarter. Finally, Advisor Partners LLC bought a new position in Interactive Brokers Group during the 4th quarter valued at about $206,000. Institutional investors own 15.74% of the company’s stock.

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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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