IAC/InterActiveCorp (IAC) Expected to Announce Quarterly Sales of $879.65 Million

Wall Street analysts predict that IAC/InterActiveCorp (NASDAQ:IAC) will post sales of $879.65 million for the current fiscal quarter, Zacks reports. Four analysts have made estimates for IAC/InterActiveCorp’s earnings, with the lowest sales estimate coming in at $829.55 million and the highest estimate coming in at $899.00 million. IAC/InterActiveCorp reported sales of $811.16 million in the same quarter last year, which would suggest a positive year-over-year growth rate of 8.4%. The firm is scheduled to report its next earnings results on Wednesday, February 7th.

According to Zacks, analysts expect that IAC/InterActiveCorp will report full-year sales of $879.65 million for the current financial year, with estimates ranging from $3.17 billion to $3.26 billion. For the next year, analysts expect that the firm will post sales of $3.83 billion per share, with estimates ranging from $3.56 billion to $3.93 billion. Zacks’ sales averages are a mean average based on a survey of sell-side analysts that cover IAC/InterActiveCorp.

IAC/InterActiveCorp (NASDAQ:IAC) last posted its quarterly earnings data on Wednesday, November 8th. The company reported $0.55 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.69 by ($0.14). IAC/InterActiveCorp had a net margin of 11.81% and a return on equity of 4.26%. The business had revenue of $828.40 million during the quarter, compared to analyst estimates of $810.36 million. During the same quarter last year, the business earned $0.73 earnings per share. IAC/InterActiveCorp’s revenue for the quarter was up 8.4% on a year-over-year basis.

IAC has been the topic of a number of recent analyst reports. BidaskClub downgraded shares of IAC/InterActiveCorp from a “strong-buy” rating to a “buy” rating in a report on Saturday, September 16th. Guggenheim restated a “buy” rating and set a $130.00 target price (up from $120.00) on shares of IAC/InterActiveCorp in a report on Monday, September 18th. Benchmark boosted their target price on shares of IAC/InterActiveCorp from $135.00 to $150.00 and gave the stock a “buy” rating in a report on Thursday, September 21st. Zacks Investment Research upgraded shares of IAC/InterActiveCorp from a “sell” rating to a “hold” rating in a report on Wednesday, October 4th. Finally, Piper Jaffray Companies restated an “overweight” rating and set a $160.00 target price (up from $152.00) on shares of IAC/InterActiveCorp in a report on Wednesday, October 4th. Two research analysts have rated the stock with a sell rating, one has issued a hold rating and twenty have issued a buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $143.62.

Shares of IAC/InterActiveCorp (NASDAQ:IAC) opened at $134.21 on Tuesday. The company has a quick ratio of 2.07, a current ratio of 2.07 and a debt-to-equity ratio of 0.57. IAC/InterActiveCorp has a fifty-two week low of $66.35 and a fifty-two week high of $137.86. The stock has a market cap of $11,000.00, a P/E ratio of 30.09, a PEG ratio of 4.27 and a beta of 1.09.

In other news, EVP Mark J. Stein sold 26,887 shares of the business’s stock in a transaction dated Thursday, December 21st. The shares were sold at an average price of $126.68, for a total value of $3,406,045.16. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Joseph Levin sold 78,500 shares of the business’s stock in a transaction dated Tuesday, November 21st. The shares were sold at an average price of $128.83, for a total transaction of $10,113,155.00. The disclosure for this sale can be found here. Over the last quarter, insiders sold 175,929 shares of company stock worth $22,516,569. Corporate insiders own 11.30% of the company’s stock.

Several institutional investors have recently made changes to their positions in the company. Parametric Portfolio Associates LLC boosted its position in shares of IAC/InterActiveCorp by 6.4% in the third quarter. Parametric Portfolio Associates LLC now owns 281,822 shares of the company’s stock valued at $33,137,000 after acquiring an additional 17,067 shares during the period. Public Employees Retirement System of Ohio boosted its position in shares of IAC/InterActiveCorp by 4.1% in the third quarter. Public Employees Retirement System of Ohio now owns 30,469 shares of the company’s stock valued at $3,583,000 after acquiring an additional 1,212 shares during the period. Fieldpoint Private Securities LLC bought a new stake in shares of IAC/InterActiveCorp in the third quarter valued at about $105,000. TT International boosted its position in shares of IAC/InterActiveCorp by 6.8% in the third quarter. TT International now owns 82,907 shares of the company’s stock valued at $9,748,000 after acquiring an additional 5,255 shares during the period. Finally, RWC Asset Management LLP bought a new stake in shares of IAC/InterActiveCorp in the third quarter valued at about $9,501,000. 86.61% of the stock is owned by institutional investors.

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About IAC/InterActiveCorp

IAC/InterActiveCorp (IAC) is a media and Internet company. The Company’s brands include HomeAdvisor, Vimeo, Dictionary.com and Match Group’s online dating portfolio, which includes Tinder, PlentyOfFish and OkCupid. Its segments include Match Group, HomeAdvisor, Video, Applications and Publishing. Match Group includes the dating and non-dating businesses of Match Group, Inc HomeAdvisor is a home services digital marketplace that helps connect consumers with home professionals in North America, as well as in France, the Netherlands and Italy under various brands.

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