Jefferies Financial Group Weighs in on IAC/InterActiveCorp’s Q3 2019 Earnings (NASDAQ:IAC)

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IAC/InterActiveCorp (NASDAQ:IAC) – Stock analysts at Jefferies Financial Group lowered their Q3 2019 EPS estimates for IAC/InterActiveCorp in a research report issued on Sunday, August 11th. Jefferies Financial Group analyst B. Thill now expects that the company will earn $1.17 per share for the quarter, down from their previous estimate of $1.66. Jefferies Financial Group currently has a “Buy” rating and a $300.00 price objective on the stock. Jefferies Financial Group also issued estimates for IAC/InterActiveCorp’s Q4 2019 earnings at $1.63 EPS, FY2019 earnings at $4.62 EPS and FY2020 earnings at $6.10 EPS.

Several other equities analysts have also recently weighed in on the company. Credit Suisse Group raised their price objective on IAC/InterActiveCorp from $263.00 to $284.00 and gave the company an “outperform” rating in a report on Friday, August 9th. Benchmark raised their price objective on IAC/InterActiveCorp from $250.00 to $300.00 and gave the company a “buy” rating in a report on Friday, August 9th. Citigroup raised their price objective on IAC/InterActiveCorp from $285.00 to $310.00 and gave the company an “outperform” rating in a report on Friday, August 9th. UBS Group raised their price objective on IAC/InterActiveCorp from $265.00 to $285.00 and gave the company a “buy” rating in a report on Friday, May 10th. Finally, Wells Fargo & Co restated a “buy” rating on shares of IAC/InterActiveCorp in a report on Friday, August 9th. Four investment analysts have rated the stock with a hold rating and eighteen have given a buy rating to the company’s stock. IAC/InterActiveCorp has a consensus rating of “Buy” and an average price target of $287.37.

Shares of NASDAQ IAC opened at $245.00 on Wednesday. The stock has a market capitalization of $20.08 billion, a price-to-earnings ratio of 43.83, a PEG ratio of 3.49 and a beta of 0.96. The business has a 50-day moving average of $236.15 and a 200-day moving average of $223.83. The company has a debt-to-equity ratio of 0.65, a current ratio of 3.12 and a quick ratio of 3.12. IAC/InterActiveCorp has a fifty-two week low of $158.29 and a fifty-two week high of $268.72.

IAC/InterActiveCorp (NASDAQ:IAC) last released its earnings results on Wednesday, August 7th. The company reported $1.19 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.92 by $0.27. The firm had revenue of $1.19 billion during the quarter, compared to analysts’ expectations of $1.18 billion. IAC/InterActiveCorp had a return on equity of 12.76% and a net margin of 11.99%. The company’s revenue was up 12.0% on a year-over-year basis. During the same quarter in the prior year, the company earned $2.32 EPS.

Hedge funds have recently modified their holdings of the business. Next Capital Management LLC acquired a new stake in IAC/InterActiveCorp during the second quarter worth approximately $28,000. Valeo Financial Advisors LLC acquired a new stake in IAC/InterActiveCorp during the second quarter worth approximately $29,000. Icon Wealth Partners LLC acquired a new stake in IAC/InterActiveCorp during the first quarter worth approximately $32,000. Harel Insurance Investments & Financial Services Ltd. lifted its position in IAC/InterActiveCorp by 78.7% during the second quarter. Harel Insurance Investments & Financial Services Ltd. now owns 193 shares of the company’s stock worth $42,000 after acquiring an additional 85 shares during the last quarter. Finally, Winslow Evans & Crocker Inc. lifted its position in IAC/InterActiveCorp by 40.3% during the first quarter. Winslow Evans & Crocker Inc. now owns 216 shares of the company’s stock worth $48,000 after acquiring an additional 62 shares during the last quarter. Hedge funds and other institutional investors own 90.41% of the company’s stock.

In related news, CFO Glenn Schiffman sold 1,000 shares of IAC/InterActiveCorp stock in a transaction dated Wednesday, August 7th. The stock was sold at an average price of $256.72, for a total transaction of $256,720.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, SVP Michael H. Schwerdtman sold 6,676 shares of IAC/InterActiveCorp stock in a transaction dated Friday, August 9th. The stock was sold at an average price of $255.55, for a total value of $1,706,051.80. The disclosure for this sale can be found here. Insiders have sold 13,676 shares of company stock valued at $3,295,272 in the last quarter. 11.50% of the stock is currently owned by corporate insiders.

IAC/InterActiveCorp Company Profile

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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