IRSA Inversiones y Representaciones Sociedad Anónima (NYSE:IRS) Announces Quarterly Earnings Results

IRSA Inversiones y Representaciones Sociedad Anónima (NYSE:IRS) issued its quarterly earnings results on Friday. The financial services provider reported $0.92 earnings per share (EPS) for the quarter, Zacks reports. IRSA Inversiones y Representaciones Sociedad Anónima had a negative net margin of 79.31% and a positive return on equity of 8.91%.

IRSA Inversiones y Representaciones Sociedad Anónima Stock Performance

NYSE:IRS traded down $0.86 during midday trading on Friday, hitting $13.24. The company’s stock had a trading volume of 292,351 shares, compared to its average volume of 192,643. The company has a debt-to-equity ratio of 0.15, a current ratio of 0.93 and a quick ratio of 0.93. IRSA Inversiones y Representaciones Sociedad Anónima has a fifty-two week low of $7.10 and a fifty-two week high of $17.67. The firm’s 50 day moving average is $15.67 and its 200-day moving average is $13.20. The firm has a market cap of $990.75 million, a P/E ratio of -2.99 and a beta of 1.35.

IRSA Inversiones y Representaciones Sociedad Anónima Increases Dividend

The company also recently announced a — dividend, which was paid on Monday, December 9th. Investors of record on Friday, November 29th were given a $3.60 dividend. The ex-dividend date of this dividend was Friday, November 29th. This is a positive change from IRSA Inversiones y Representaciones Sociedad Anónima’s previous — dividend of $1.02. IRSA Inversiones y Representaciones Sociedad Anónima’s dividend payout ratio is currently -21.53%.

Analysts Set New Price Targets

Separately, StockNews.com downgraded IRSA Inversiones y Representaciones Sociedad Anónima from a “buy” rating to a “hold” rating in a research report on Friday, November 8th.

About IRSA Inversiones y Representaciones Sociedad Anónima

IRSA Inversiones y Representaciones Sociedad Anónima, together with its subsidiaries, engages in the diversified real estate activities in Argentina. It operates through five segments: Shopping Malls, Offices, Hotels, Sales and Developments, and Others. The company is involved in the acquisition, development, and operation of shopping malls, office buildings, and other non-shopping mall properties primarily for rental purposes.