IAC (NASDAQ:IAC - Get Free Report) will release its earnings data after the market closes on Monday, November 11th. Analysts expect IAC to post earnings of ($0.20) per share for the quarter. Parties interested in listening to the company's conference call can do so using this link.
IAC (NASDAQ:IAC - Get Free Report) last released its quarterly earnings results on Tuesday, August 6th. The company reported ($1.71) earnings per share for the quarter, missing analysts' consensus estimates of ($0.32) by ($1.39). The firm had revenue of $949.50 million during the quarter, compared to the consensus estimate of $942.77 million. IAC had a negative net margin of 3.95% and a negative return on equity of 2.35%. The firm's quarterly revenue was down 14.6% on a year-over-year basis. During the same quarter in the prior year, the business posted ($0.76) earnings per share. On average, analysts expect IAC to post $-1 EPS for the current fiscal year and $0 EPS for the next fiscal year.
NASDAQ IAC opened at $48.97 on Monday. IAC has a 52 week low of $42.79 and a 52 week high of $58.29. The company has a 50 day moving average price of $52.21 and a 200 day moving average price of $50.75. The company has a quick ratio of 2.68, a current ratio of 2.68 and a debt-to-equity ratio of 0.29. The firm has a market cap of $3.93 billion, a PE ratio of -22.06 and a beta of 1.34.
A number of research firms have recently weighed in on IAC. Barclays lowered their price objective on IAC from $73.00 to $70.00 and set an "overweight" rating for the company in a research report on Thursday, August 8th. KeyCorp decreased their price objective on shares of IAC from $67.00 to $66.00 and set an "overweight" rating for the company in a research report on Friday, August 16th. Citigroup dropped their target price on shares of IAC from $70.00 to $66.00 and set a "buy" rating on the stock in a research report on Thursday, August 8th. UBS Group raised shares of IAC to a "hold" rating in a report on Monday, October 28th. Finally, Truist Financial upped their target price on IAC from $87.00 to $88.00 and gave the company a "buy" rating in a research report on Thursday, August 8th. Two research analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. Based on data from MarketBeat, IAC currently has a consensus rating of "Moderate Buy" and a consensus price target of $76.40.
Check Out Our Latest Stock Report on IAC
IAC Inc, together with its subsidiaries, 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.
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