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.
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.
COPYRIGHT VIOLATION NOTICE: “Zacks: Analysts Expect Interactive Brokers Group, Inc. (IBKR) to Announce $0.49 EPS” was first posted by American Banking News and is the sole property of of American Banking News. If you are reading this report on another website, it was illegally stolen and reposted in violation of US & international copyright and trademark laws. The legal version of this report can be viewed at https://www.americanbankingnews.com/2018/02/12/zacks-analysts-expect-interactive-brokers-group-inc-ibkr-to-announce-0-49-eps.html.
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.
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for Interactive Brokers Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Interactive Brokers Group and related companies with MarketBeat.com's FREE daily email newsletter.