Brokerages expect that Interactive Brokers Group, Inc. (NASDAQ:IBKR – Get Rating) will announce earnings per share (EPS) of $0.94 for the current quarter, according to Zacks. Two analysts have made estimates for Interactive Brokers Group’s earnings, with the lowest EPS estimate coming in at $0.93 and the highest estimate coming in at $0.95. Interactive Brokers Group posted earnings of $0.82 per share in the same quarter last year, which indicates a positive year-over-year growth rate of 14.6%. The firm is scheduled to issue its next earnings report 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 financial 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’ earnings per share calculations are a mean average based on a survey of analysts that cover Interactive Brokers Group.
Interactive Brokers Group (NASDAQ:IBKR – Get Rating) last announced its quarterly earnings data on Tuesday, April 19th. The financial services provider reported $0.82 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.82. Interactive Brokers Group had a net margin of 10.32% and a return on equity of 3.09%. The business had revenue of $645.00 million during the quarter, compared to analyst estimates of $703.34 million. During the same period last year, the firm posted $0.98 EPS. The company’s revenue was down 27.8% on a year-over-year basis.
In related news, Chairman Thomas Peterffy sold 20,000 shares of the firm’s stock in a transaction on Monday, January 31st. The stock was sold at an average price of $67.61, for a total value of $1,352,200.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Over the last 90 days, insiders sold 615,600 shares of company stock valued at $40,767,194. 5.72% of the stock is owned by corporate insiders.
Several large investors have recently added to or reduced their stakes in the company. BlackRock Inc. lifted its position in shares of Interactive Brokers Group by 3.4% during the third quarter. BlackRock Inc. now owns 7,554,979 shares of the financial services provider’s stock worth $470,976,000 after purchasing an additional 246,512 shares during the last quarter. Bares Capital Management Inc. lifted its position in shares of Interactive Brokers Group by 1.8% during the third quarter. Bares Capital Management Inc. now owns 5,189,194 shares of the financial services provider’s stock worth $323,494,000 after purchasing an additional 91,395 shares during the last quarter. Marshall Wace LLP lifted its position in shares of Interactive Brokers Group by 151.4% during the fourth quarter. Marshall Wace LLP now owns 4,359,441 shares of the financial services provider’s stock worth $346,228,000 after purchasing an additional 2,625,600 shares during the last quarter. State Street Corp lifted its position in shares of Interactive Brokers Group by 4.0% during the fourth quarter. State Street Corp now owns 2,230,431 shares of the financial services provider’s stock worth $177,141,000 after purchasing an additional 85,055 shares during the last quarter. Finally, Jarislowsky Fraser Ltd lifted its position in shares of Interactive Brokers Group by 1.1% during the fourth quarter. Jarislowsky Fraser Ltd now owns 2,217,166 shares of the financial services provider’s stock worth $176,087,000 after purchasing an additional 24,423 shares during the last quarter. Institutional investors and hedge funds own 18.92% of the company’s stock.
Shares of IBKR opened at $61.16 on Thursday. Interactive Brokers Group has a 1 year low of $56.95 and a 1 year high of $82.83. The company has a 50 day simple moving average of $64.68 and a two-hundred day simple moving average of $70.97. The firm has a market cap of $25.57 billion, a P/E ratio of 21.54, a price-to-earnings-growth ratio of 0.88 and a beta of 0.74.
The business also recently declared a quarterly dividend, which will be paid on Tuesday, June 14th. Investors of record on Wednesday, June 1st will be given a $0.10 dividend. The ex-dividend date of this dividend is Tuesday, May 31st. This represents a $0.40 dividend on an annualized basis and a yield of 0.65%. Interactive Brokers Group’s dividend payout ratio is presently 14.08%.
Interactive Brokers Group Company Profile (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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