IAC/InterActiveCorp (NASDAQ:IAC) – Stock analysts at Oppenheimer issued their Q1 2019 EPS estimates for IAC/InterActiveCorp in a report released on Tuesday, April 9th, according to Zacks Investment Research. Oppenheimer analyst J. Helfstein forecasts that the company will post earnings per share of $0.36 for the quarter. Oppenheimer has a “Outperform” rating and a $280.00 price objective on the stock. Oppenheimer also issued estimates for IAC/InterActiveCorp’s Q2 2019 earnings at $0.36 EPS, Q3 2019 earnings at $1.02 EPS, Q4 2019 earnings at $0.80 EPS, FY2019 earnings at $2.53 EPS and FY2020 earnings at $4.23 EPS.
IAC/InterActiveCorp (NASDAQ:IAC) last issued its earnings results on Thursday, February 7th. The company reported $2.04 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.99 by $1.05. IAC/InterActiveCorp had a net margin of 14.71% and a return on equity of 16.11%. The business had revenue of $1.10 billion during the quarter, compared to analysts’ expectations of $1.07 billion. During the same quarter in the prior year, the business posted $0.37 EPS. The company’s revenue for the quarter was up 16.1% on a year-over-year basis.
Shares of IAC/InterActiveCorp stock traded up $4.05 during trading hours on Friday, hitting $228.28. The company had a trading volume of 876,763 shares, compared to its average volume of 667,176. IAC/InterActiveCorp has a twelve month low of $128.80 and a twelve month high of $233.39. The company has a current ratio of 3.13, a quick ratio of 3.13 and a debt-to-equity ratio of 0.63. The stock has a market cap of $19.12 billion, a price-to-earnings ratio of 40.84, a PEG ratio of 2.64 and a beta of 1.09.
A number of institutional investors have recently made changes to their positions in IAC. BlackRock Inc. grew its stake in shares of IAC/InterActiveCorp by 16.8% during the 4th quarter. BlackRock Inc. now owns 5,259,290 shares of the company’s stock worth $962,663,000 after purchasing an additional 756,555 shares during the period. Morgan Stanley grew its stake in shares of IAC/InterActiveCorp by 153.4% during the 3rd quarter. Morgan Stanley now owns 1,471,397 shares of the company’s stock worth $318,880,000 after purchasing an additional 890,730 shares during the period. First Manhattan Co. grew its stake in shares of IAC/InterActiveCorp by 1.0% during the 1st quarter. First Manhattan Co. now owns 1,195,514 shares of the company’s stock worth $251,189,000 after purchasing an additional 11,636 shares during the period. Norges Bank acquired a new position in shares of IAC/InterActiveCorp during the 4th quarter worth $152,540,000. Finally, Geode Capital Management LLC grew its stake in shares of IAC/InterActiveCorp by 6.0% during the 4th quarter. Geode Capital Management LLC now owns 732,502 shares of the company’s stock worth $133,985,000 after purchasing an additional 41,411 shares during the period. Institutional investors own 89.36% of the company’s stock.
In other IAC/InterActiveCorp news, Director David S. Rosenblatt sold 4,528 shares of the company’s stock in a transaction on Tuesday, February 12th. The shares were sold at an average price of $220.64, for a total transaction of $999,057.92. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Glenn Schiffman sold 2,000 shares of the company’s stock in a transaction on Friday, March 1st. The stock was sold at an average price of $213.68, for a total transaction of $427,360.00. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 12,528 shares of company stock valued at $2,748,798. 10.90% of the stock is owned by insiders.
IAC/InterActiveCorp, together with its subsidiaries, operates as a media and Internet company in the United States and internationally. The company's Match Group segment provides subscription dating products under the Tinder, Match, PlentyOfFish, Meetic, OkCupid, OurTime, Pairs and Hinge, and other brands.
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