Brokerages Expect ILG Inc. (ILG) Will Post Earnings of $0.25 Per Share

Equities research analysts predict that ILG Inc. (NASDAQ:ILG) will announce $0.25 earnings per share (EPS) for the current fiscal quarter, according to Zacks. Four analysts have issued estimates for ILG’s earnings. The lowest EPS estimate is $0.24 and the highest is $0.25. ILG reported earnings of $0.36 per share in the same quarter last year, which suggests a negative year over year growth rate of 30.6%. The business is expected to report its next earnings results on Thursday, August 3rd.

On average, analysts expect that ILG will report full-year earnings of $1.16 per share for the current year, with EPS estimates ranging from $1.11 to $1.20. For the next fiscal year, analysts anticipate that the business will post earnings of $1.27 per share, with EPS estimates ranging from $1.23 to $1.31. Zacks Investment Research’s EPS calculations are an average based on a survey of research analysts that follow ILG.

ILG (NASDAQ:ILG) last announced its earnings results on Thursday, May 4th. The business services provider reported $0.33 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.30 by $0.03. ILG had a return on equity of 11.66% and a net margin of 17.63%. The company had revenue of $452 million for the quarter, compared to analyst estimates of $446.32 million. During the same period in the prior year, the company posted $0.41 EPS. ILG’s quarterly revenue was up 143.1% on a year-over-year basis.

Several brokerages have recently weighed in on ILG. Zacks Investment Research raised ILG from a “sell” rating to a “hold” rating in a report on Wednesday, May 3rd. Imperial Capital lifted their price objective on ILG from $22.00 to $30.00 and gave the stock an “outperform” rating in a report on Tuesday, May 30th. Oppenheimer Holdings, Inc. reissued an “outperform” rating and set a $26.00 price objective (up previously from $22.00) on shares of ILG in a report on Friday, April 21st. Finally, CIBC lifted their price objective on ILG from $22.00 to $26.00 and gave the stock an “outperform” rating in a report on Monday, April 24th. Seven research analysts have rated the stock with a buy rating, The stock currently has a consensus rating of “Buy” and an average price target of $27.00.

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Shares of ILG (NASDAQ:ILG) traded up 1.47% during trading on Tuesday, hitting $27.69. The company’s stock had a trading volume of 546,278 shares. ILG has a 1-year low of $15.94 and a 1-year high of $28.99. The company has a market capitalization of $3.45 billion, a P/E ratio of 11.47 and a beta of 1.48. The firm’s 50 day moving average is $27.02 and its 200-day moving average is $21.66.

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, June 20th. Shareholders of record on Tuesday, June 6th were given a $0.15 dividend. The ex-dividend date of this dividend was Friday, June 2nd. This represents a $0.60 annualized dividend and a yield of 2.17%. ILG’s payout ratio is 22.30%.

Institutional investors have recently modified their holdings of the stock. Creative Planning boosted its stake in ILG by 6.3% in the second quarter. Creative Planning now owns 5,325 shares of the business services provider’s stock valued at $146,000 after buying an additional 316 shares during the period. Strs Ohio boosted its stake in ILG by 63.6% in the first quarter. Strs Ohio now owns 5,401 shares of the business services provider’s stock valued at $113,000 after buying an additional 2,100 shares during the period. Sei Investments Co. boosted its stake in ILG by 33.2% in the first quarter. Sei Investments Co. now owns 6,822 shares of the business services provider’s stock valued at $143,000 after buying an additional 1,701 shares during the period. Ameritas Investment Partners Inc. purchased a new stake in ILG during the first quarter valued at approximately $205,000. Finally, First Citizens Bank & Trust Co. purchased a new stake in ILG during the first quarter valued at approximately $206,000. Hedge funds and other institutional investors own 82.63% of the company’s stock.

ILG Company Profile

ILG, Inc, formerly Interval Leisure Group, Inc, is a provider of professionally delivered vacation experiences. The Company is a global licensee for the Hyatt, Westin and Sheraton brands in vacation ownership. The Company operates through two segments: Exchange and Rental, and Vacation Ownership. Its Exchange and Rental segment offers access to vacation accommodations and other travel-related transactions and services to leisure travelers, by providing vacation exchange services and vacation rental, working with resort developers and operating vacation rental properties.

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