IAC/InterActiveCorp (IAC) Scheduled to Post Quarterly Earnings on Tuesday

Posted by MarketBeat News on Aug 2nd, 2022

IAC/InterActiveCorp (NASDAQ:IAC – Get Rating) will announce its earnings results after the market closes on Tuesday, August 9th. Analysts expect the company to announce earnings of ($0.40) per share for the quarter. Investors that are interested in participating in the company’s conference call can do so using this link.

IAC/InterActiveCorp (NASDAQ:IAC – Get Rating) last released its quarterly earnings results on Monday, May 9th. The company reported ($0.56) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.57) by $0.01. IAC/InterActiveCorp had a negative return on equity of 1.17% and a net margin of 0.91%. The business had revenue of $1.33 billion during the quarter, compared to analyst estimates of $1.31 billion. During the same quarter last year, the company posted $0.40 EPS. IAC/InterActiveCorp’s revenue for the quarter was up 68.5% on a year-over-year basis. On average, analysts expect IAC/InterActiveCorp to post $-3 EPS for the current fiscal year and $1 EPS for the next fiscal year.

IAC/InterActiveCorp Trading Up 2.9 %

NASDAQ:IAC opened at $70.48 on Tuesday. The company has a quick ratio of 2.09, a current ratio of 2.09 and a debt-to-equity ratio of 0.27. IAC/InterActiveCorp has a 1-year low of $66.59 and a 1-year high of $158.81. The firm has a market capitalization of $5.93 billion, a price-to-earnings ratio of 469.90 and a beta of 1.05. The stock has a fifty day simple moving average of $78.42 and a 200 day simple moving average of $95.52.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the stock. BlackRock Inc. grew its holdings in IAC/InterActiveCorp by 2.6% in the 1st quarter. BlackRock Inc. now owns 4,034,335 shares of the company’s stock valued at $404,563,000 after buying an additional 101,945 shares during the last quarter. Goldman Sachs Group Inc. grew its holdings in IAC/InterActiveCorp by 30.6% in the 1st quarter. Goldman Sachs Group Inc. now owns 390,289 shares of the company’s stock valued at $39,138,000 after buying an additional 91,384 shares during the last quarter. Parkwood LLC acquired a new stake in shares of IAC/InterActiveCorp during the 1st quarter worth approximately $5,537,000. Charles Schwab Investment Management Inc. grew its holdings in shares of IAC/InterActiveCorp by 7.0% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 443,928 shares of the company’s stock worth $44,518,000 after purchasing an additional 29,141 shares in the last quarter. Finally, Eaton Vance Management grew its holdings in shares of IAC/InterActiveCorp by 28.2% during the 1st quarter. Eaton Vance Management now owns 127,384 shares of the company’s stock worth $12,774,000 after purchasing an additional 28,021 shares in the last quarter. 96.44% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of equities analysts recently weighed in on IAC shares. Barclays decreased their price target on IAC/InterActiveCorp from $160.00 to $130.00 in a research report on Wednesday, May 11th. StockNews.com raised IAC/InterActiveCorp from a “sell” rating to a “hold” rating in a research note on Saturday. BMO Capital Markets reduced their price objective on IAC/InterActiveCorp from $173.00 to $154.00 in a research note on Tuesday, April 26th. Wedbush reduced their price objective on IAC/InterActiveCorp from $149.00 to $107.00 in a research note on Wednesday, May 11th. Finally, Credit Suisse Group reduced their price objective on IAC/InterActiveCorp from $167.00 to $127.00 in a research note on Wednesday, May 11th. One equities research analyst has rated the stock with a hold rating and twelve have given a buy rating to the stock. According to MarketBeat.com, IAC/InterActiveCorp currently has an average rating of “Moderate Buy” and a consensus target price of $144.40.

About IAC/InterActiveCorp

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IAC/InterActiveCorp operates as a media and internet company worldwide. The company publishes original and engaging digital content in the form of articles, illustrations, and videos and images across entertainment, food, home, beauty, travel, health, family, luxury, and fashion areas; and magazines related to women and lifestyle.