$0.94 Earnings Per Share Expected for Interactive Brokers Group, Inc. (NASDAQ:IBKR) This Quarter

Equities analysts expect that Interactive Brokers Group, Inc. (NASDAQ:IBKRGet Rating) will announce $0.94 earnings per share for the current quarter, according to Zacks. Two analysts have issued estimates for Interactive Brokers Group’s earnings, with estimates ranging from $0.93 to $0.95. Interactive Brokers Group posted earnings of $0.82 per share in the same quarter last year, which would indicate a positive year-over-year growth rate of 14.6%. The firm is scheduled to issue its next quarterly earnings results on Monday, January 1st.

According to Zacks, analysts expect that Interactive Brokers Group will report full-year earnings of $3.70 per share for the current year, with EPS estimates ranging from $3.63 to $3.75. For the next year, analysts expect that the company will report earnings of $4.35 per share, with EPS estimates ranging from $4.30 to $4.46. Zacks’ EPS calculations are a mean average based on a survey of sell-side research analysts that cover Interactive Brokers Group.

Interactive Brokers Group (NASDAQ:IBKRGet Rating) last posted its quarterly earnings results on Tuesday, April 19th. The financial services provider reported $0.82 earnings per share for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.82. Interactive Brokers Group had a net margin of 10.32% and a return on equity of 3.09%. The firm had revenue of $645.00 million for the quarter, compared to the consensus estimate of $703.34 million. During the same period last year, the firm posted $0.98 earnings per share. The company’s revenue for the quarter was down 27.8% on a year-over-year basis.

IBKR has been the subject of a number of research reports. The Goldman Sachs Group dropped their price objective on shares of Interactive Brokers Group from $105.00 to $90.00 and set a “buy” rating for the company in a report on Wednesday, April 20th. Keefe, Bruyette & Woods upgraded shares of Interactive Brokers Group from a “market perform” rating to an “outperform” rating and set a $90.00 price objective for the company in a report on Wednesday, January 19th. StockNews.com initiated coverage on shares of Interactive Brokers Group in a report on Thursday, March 31st. They issued a “sell” rating for the company. Zacks Investment Research cut shares of Interactive Brokers Group from a “buy” rating to a “hold” rating and set a $71.00 price target for the company. in a report on Tuesday, April 5th. Finally, Bank of America boosted their price target on shares of Interactive Brokers Group from $111.00 to $117.00 and gave the stock a “buy” rating in a report on Wednesday, April 20th. One investment analyst has rated the stock with a sell rating, one has given a hold rating and three have issued a buy rating to the stock. According to MarketBeat, Interactive Brokers Group has an average rating of “Hold” and an average price target of $92.00.

Interactive Brokers Group stock opened at $61.16 on Thursday. The company’s 50 day simple moving average is $64.68 and its 200-day simple moving average is $70.97. The company has a market capitalization of $25.57 billion, a price-to-earnings ratio of 21.54, a price-to-earnings-growth ratio of 0.88 and a beta of 0.74. Interactive Brokers Group has a 1 year low of $56.95 and a 1 year high of $82.83.

The company also recently declared a quarterly dividend, which will be paid on Tuesday, June 14th. Shareholders of record on Wednesday, June 1st will be issued a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a yield of 0.65%. The ex-dividend date of this dividend is Tuesday, May 31st. Interactive Brokers Group’s dividend payout ratio (DPR) is presently 14.08%.

In other news, Chairman Thomas Peterffy sold 20,000 shares of the company’s stock in a transaction on Monday, March 7th. The shares were sold at an average price of $58.64, for a total value of $1,172,800.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In the last 90 days, insiders sold 615,600 shares of company stock valued at $40,767,194. Company insiders own 5.72% of the company’s stock.

A number of hedge funds have recently added to or reduced their stakes in the stock. Fifth Third Bancorp raised its position in Interactive Brokers Group by 72.4% in the 4th quarter. Fifth Third Bancorp now owns 381 shares of the financial services provider’s stock valued at $30,000 after purchasing an additional 160 shares during the last quarter. Koshinski Asset Management Inc. raised its position in Interactive Brokers Group by 19.6% in the 1st quarter. Koshinski Asset Management Inc. now owns 988 shares of the financial services provider’s stock valued at $65,000 after purchasing an additional 162 shares during the last quarter. First Horizon Advisors Inc. raised its position in Interactive Brokers Group by 112.7% in the 4th quarter. First Horizon Advisors Inc. now owns 336 shares of the financial services provider’s stock valued at $26,000 after purchasing an additional 178 shares during the last quarter. Louisiana State Employees Retirement System raised its position in Interactive Brokers Group by 0.9% during the 4th quarter. Louisiana State Employees Retirement System now owns 22,500 shares of the financial services provider’s stock worth $1,787,000 after buying an additional 200 shares during the last quarter. Finally, Thrivent Financial for Lutherans raised its position in Interactive Brokers Group by 0.9% during the 4th quarter. Thrivent Financial for Lutherans now owns 23,038 shares of the financial services provider’s stock worth $1,830,000 after buying an additional 207 shares during the last quarter. Hedge funds and other institutional investors own 18.92% of the company’s stock.

About Interactive Brokers Group (Get Rating)

Interactive Brokers Group, Inc operates as an automated electronic broker worldwide. The company specializes in executing, clearing, and settling trades in stocks, options, futures, foreign exchange instruments, bonds, mutual funds, exchange traded funds (ETFs), metals, and cryptocurrencies. It also custodies and services accounts for hedge and mutual funds, ETFs, registered investment advisors, proprietary trading groups, introducing brokers, and individual investors.

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Earnings History and Estimates for Interactive Brokers Group (NASDAQ:IBKR)

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