Zacks: Analysts Anticipate Interactive Brokers Group, Inc. (IBKR) Will Announce Quarterly Sales of $430.50 Million

Wall Street brokerages expect Interactive Brokers Group, Inc. (NASDAQ:IBKR) to report sales of $430.50 million for the current quarter, Zacks reports. Two analysts have provided estimates for Interactive Brokers Group’s earnings. The lowest sales estimate is $429.00 million and the highest is $432.00 million. Interactive Brokers Group posted sales of $374.00 million during the same quarter last year, which would indicate a positive year over year growth rate of 15.1%. The business is scheduled to issue its next earnings report on Tuesday, April 17th.

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

Interactive Brokers Group (NASDAQ:IBKR) last announced its quarterly earnings data on Tuesday, January 16th. The financial services provider reported $0.43 EPS for the quarter, beating the Zacks’ consensus estimate of $0.36 by $0.07. The firm had revenue of $515.00 million during 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%. The firm’s revenue was up 166.8% compared to the same quarter last year. During the same quarter last year, the firm earned $0.07 earnings per share.

IBKR has been the subject of a number of recent analyst reports. Goldman Sachs Group downgraded shares of Interactive Brokers Group from a “neutral” rating to a “sell” rating and set a $59.00 price objective for the company. in a research report on Monday, January 8th. BidaskClub downgraded shares of Interactive Brokers Group from a “buy” rating to a “hold” rating in a research report on Thursday, January 4th. Zacks Investment Research upgraded shares of Interactive Brokers Group from a “hold” rating to a “strong-buy” rating and set a $68.00 price objective for the company in a research report on Monday, January 8th. SunTrust Banks raised their price objective on shares of Interactive Brokers Group from $48.00 to $60.00 and gave the company a “hold” rating in a research report on Wednesday, January 17th. They noted that the move was a valuation call. Finally, Sandler O’Neill restated a “buy” rating on shares of Interactive Brokers Group in a research 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 company. The stock currently has an average rating of “Hold” and an average price target of $50.33.

In other Interactive Brokers Group news, Vice Chairman Earl H. Nemser sold 32,000 shares of the 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 3.41% of the company’s stock.

A number of institutional investors have recently modified their holdings of IBKR. Victory Capital Management Inc. increased its holdings in Interactive Brokers Group by 105.4% in the third quarter. Victory Capital Management Inc. now owns 915,589 shares of the financial services provider’s stock valued at $41,238,000 after buying an additional 469,755 shares in the last quarter. Russell Investments Group Ltd. increased its stake in shares of Interactive Brokers Group by 206.6% during the 3rd quarter. Russell Investments Group Ltd. now owns 504,021 shares of the financial services provider’s stock worth $22,701,000 after purchasing an additional 339,648 shares in the last quarter. Kayne Anderson Rudnick Investment Management LLC increased its stake in shares of Interactive Brokers Group by 14.4% during the 3rd quarter. Kayne Anderson Rudnick Investment Management LLC now owns 2,259,199 shares of the financial services provider’s stock worth $101,754,000 after purchasing an additional 284,389 shares in the last quarter. FMR LLC increased its stake in shares of Interactive Brokers Group by 54.1% during the 2nd quarter. FMR LLC now owns 722,777 shares of the financial services provider’s stock worth $27,047,000 after purchasing an additional 253,611 shares in the last quarter. Finally, Abrams Bison Investments LLC purchased a new position in shares of Interactive Brokers Group during the 3rd quarter worth approximately $9,864,000. 15.74% of the stock is owned by institutional investors.

Shares of Interactive Brokers Group (NASDAQ:IBKR) opened at $63.87 on Wednesday. The company has a market cap of $26,217.44, a PE ratio of 59.69, a P/E/G ratio of 3.07 and a beta of 1.05. Interactive Brokers Group has a 12-month low of $33.01 and a 12-month high of $67.42.

The business also recently announced a quarterly dividend, which will be paid on Wednesday, March 14th. Shareholders of record on Thursday, March 1st will be issued a $0.10 dividend. The ex-dividend date of this dividend is Wednesday, February 28th. This represents a $0.40 dividend on an annualized basis and a yield of 0.63%. Interactive Brokers Group’s dividend payout ratio (DPR) is presently 37.38%.

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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.

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

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