IRSA Inversiones Y Representaciones (NYSE:IRS) Releases Earnings Results

IRSA Inversiones Y Representaciones (NYSE:IRS) announced its earnings results on Tuesday. The financial services provider reported ($0.08) earnings per share (EPS) for the quarter, Zacks reports. IRSA Inversiones Y Representaciones had a net margin of 58.90% and a return on equity of 17.26%. The business had revenue of $117.96 million during the quarter, compared to the consensus estimate of $91.27 million.

IRSA Inversiones Y Representaciones Price Performance

IRSA Inversiones Y Representaciones stock traded down $0.23 during trading hours on Thursday, reaching $12.16. 276,444 shares of the stock were exchanged, compared to its average volume of 177,801. The company has a market cap of $1.03 billion, a P/E ratio of 3.70 and a beta of 1.25. The company has a current ratio of 2.25, a quick ratio of 2.25 and a debt-to-equity ratio of 0.34. IRSA Inversiones Y Representaciones has a twelve month low of $11.83 and a twelve month high of $19.14. The stock has a 50 day moving average of $14.49 and a two-hundred day moving average of $15.17.

IRSA Inversiones Y Representaciones Increases Dividend

The company also recently disclosed an annual dividend, which will be paid on Monday, November 9th. Shareholders of record on Monday, November 2nd will be paid a dividend of $1.6199 per share. The ex-dividend date is Monday, November 2nd. This is a positive change from IRSA Inversiones Y Representaciones’s previous annual dividend of $1.4151. This represents a yield of 1,304.0%. IRSA Inversiones Y Representaciones’s dividend payout ratio is currently 45.59%.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on IRS shares. Zacks Research upgraded shares of IRSA Inversiones Y Representaciones to a “hold” rating in a research report on Wednesday, October 14th. Bank of America started coverage on shares of IRSA Inversiones Y Representaciones in a research report on Tuesday, October 13th. They issued a “buy” rating and a $23.60 price target for the company. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of IRSA Inversiones Y Representaciones in a research report on Thursday, October 15th. One investment analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat, IRSA Inversiones Y Representaciones presently has an average rating of “Moderate Buy” and a consensus target price of $23.30.

IRSA Inversiones Y Representaciones Company Profile

IRSA Inversiones y Representaciones SA is an Argentine real estate company engaged in the acquisition, development, leasing and management of properties. Its portfolio includes shopping centers, office buildings, hotels and residential and mixed-use developments, with operations primarily focused on Argentina.

The company operates and invests in a range of well-known Argentine commercial properties, including shopping centers such as Alto Palermo, Abasto, Patio Bullrich, Alto Avellaneda and DOT Baires.