IAC/InterActiveCorp (IAC) Expected to Announce Quarterly Sales of $1.17 Billion

Wall Street analysts expect that IAC/InterActiveCorp (NASDAQ:IAC) will report sales of $1.17 billion for the current fiscal quarter, according to Zacks Investment Research. Six analysts have provided estimates for IAC/InterActiveCorp’s earnings. The highest sales estimate is $1.19 billion and the lowest is $1.16 billion. IAC/InterActiveCorp posted sales of $1.06 billion during the same quarter last year, which would indicate a positive year over year growth rate of 10.4%. The firm is expected to issue its next earnings results on Wednesday, August 14th.

On average, analysts expect that IAC/InterActiveCorp will report full year sales of $4.75 billion for the current fiscal year, with estimates ranging from $4.70 billion to $4.83 billion. For the next fiscal year, analysts expect that the business will report sales of $5.44 billion, with estimates ranging from $5.36 billion to $5.57 billion. Zacks’ sales averages are a mean average based on a survey of research firms that follow IAC/InterActiveCorp.

IAC/InterActiveCorp (NASDAQ:IAC) last announced its quarterly earnings data on Wednesday, May 8th. The company reported $0.91 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.40 by $0.51. The company had revenue of $1.11 billion during the quarter, compared to the consensus estimate of $1.09 billion. IAC/InterActiveCorp had a return on equity of 16.29% and a net margin of 14.74%. The firm’s revenue was up 11.2% on a year-over-year basis. During the same period in the previous year, the company posted $0.71 EPS.

A number of research analysts recently commented on IAC shares. BidaskClub raised IAC/InterActiveCorp from a “hold” rating to a “buy” rating in a report on Thursday, January 24th. ValuEngine raised IAC/InterActiveCorp from a “buy” rating to a “strong-buy” rating in a report on Tuesday, January 29th. Goldman Sachs Group started coverage on IAC/InterActiveCorp in a report on Monday, February 4th. They issued a “neutral” rating and a $226.00 price target on the stock. JPMorgan Chase & Co. boosted their price target on IAC/InterActiveCorp to $250.00 and gave the stock an “overweight” rating in a report on Monday, February 11th. Finally, Nomura boosted their price target on IAC/InterActiveCorp from $206.00 to $239.00 and gave the stock a “buy” rating in a report on Monday, February 11th. One analyst has rated the stock with a sell rating, four have given a hold rating, seventeen have assigned a buy rating and one has assigned a strong buy rating to the company. The company has an average rating of “Buy” and a consensus target price of $257.72.

Shares of NASDAQ:IAC traded down $2.22 during mid-day trading on Monday, reaching $225.80. 846,618 shares of the company traded hands, compared to its average volume of 748,532. The company has a current ratio of 3.13, a quick ratio of 3.13 and a debt-to-equity ratio of 0.63. IAC/InterActiveCorp has a 52 week low of $142.00 and a 52 week high of $242.86. The company has a market cap of $19.10 billion, a PE ratio of 40.39, a price-to-earnings-growth ratio of 2.68 and a beta of 1.09.

In related news, Director David S. Rosenblatt sold 4,528 shares of the stock in a transaction on Tuesday, February 12th. The stock was sold at an average price of $220.64, for a total transaction of $999,057.92. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CFO Glenn Schiffman sold 2,000 shares of the stock in a transaction on Friday, March 1st. The shares were sold at an average price of $213.68, for a total value of $427,360.00. The disclosure for this sale can be found here. Insiders have sold a total of 12,528 shares of company stock worth $2,748,798 in the last 90 days. 10.90% of the stock is currently owned by insiders.

Large investors have recently added to or reduced their stakes in the stock. Csenge Advisory Group bought a new position in IAC/InterActiveCorp in the 3rd quarter valued at $29,000. Icon Wealth Partners LLC bought a new position in IAC/InterActiveCorp in the 1st quarter valued at $32,000. Lindbrook Capital LLC bought a new position in IAC/InterActiveCorp in the 4th quarter valued at $34,000. Quantamental Technologies LLC bought a new position in IAC/InterActiveCorp in the 4th quarter valued at $43,000. Finally, Rockefeller Capital Management L.P. bought a new position in IAC/InterActiveCorp in the 1st quarter valued at $43,000. Institutional investors own 89.13% of the company’s stock.

About IAC/InterActiveCorp

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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Earnings History and Estimates for IAC/InterActiveCorp (NASDAQ:IAC)

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