IRSA Inversiones y Representaciones Sociedad Anónima (NYSE:IRS) Declares Dividend Increase – $3.60 Per Share

Posted by Don Miller on Nov 20th, 2024

IRSA Inversiones y Representaciones Sociedad Anónima (NYSE:IRS – Get Free Report) declared a — dividend on Wednesday, November 20th,Wall Street Journal reports. Stockholders of record on Friday, November 29th will be given a dividend of 3.60 per share by the financial services provider on Monday, December 9th. The ex-dividend date of this dividend is Friday, November 29th. This is an increase from IRSA Inversiones y Representaciones Sociedad Anónima’s previous — dividend of $1.02.

IRSA Inversiones y Representaciones Sociedad Anónima Stock Up 3.3 %

Shares of IRS stock traded up $0.53 during mid-day trading on Wednesday, hitting $16.36. 152,210 shares of the stock traded hands, compared to its average volume of 154,172. IRSA Inversiones y Representaciones Sociedad Anónima has a 52-week low of $7.06 and a 52-week high of $16.37. The company has a debt-to-equity ratio of 0.16, a current ratio of 0.89 and a quick ratio of 0.89. The stock has a market cap of $1.22 billion, a P/E ratio of -3.49 and a beta of 1.28. The stock’s fifty day moving average is $12.69 and its two-hundred day moving average is $10.91.

IRSA Inversiones y Representaciones Sociedad Anónima (NYSE:IRS – Get Free Report) last announced its earnings results on Tuesday, September 3rd. The financial services provider reported $1.31 earnings per share (EPS) for the quarter. The company had revenue of $129.87 million for the quarter. IRSA Inversiones y Representaciones Sociedad Anónima had a positive return on equity of 8.24% and a negative net margin of 79.31%.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on IRS shares. StockNews.com lowered IRSA Inversiones y Representaciones Sociedad Anónima from a “buy” rating to a “hold” rating in a report on Friday, November 8th. Jefferies Financial Group raised IRSA Inversiones y Representaciones Sociedad Anónima from a “hold” rating to a “buy” rating and raised their target price for the stock from $10.50 to $13.00 in a research report on Wednesday, August 14th.

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About IRSA Inversiones y Representaciones Sociedad Anónima

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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.