Taglich Brothers Equities Analysts Increase Earnings Estimates for International Land Alliance, Inc. (OTCMKTS:ILAL)

International Land Alliance, Inc. (OTCMKTS:ILAL – Get Rating) – Investment analysts at Taglich Brothers lifted their Q3 2022 earnings estimates for shares of International Land Alliance in a research report issued on Wednesday, May 4th. Taglich Brothers analyst J. Nobile now forecasts that the company will post earnings per share of $0.05 for the quarter, up from their previous forecast of $0.04. Taglich Brothers also issued estimates for International Land Alliance’s FY2022 earnings at $0.08 EPS, Q1 2023 earnings at $0.01 EPS, Q2 2023 earnings at $0.02 EPS, Q3 2023 earnings at $0.03 EPS, Q4 2023 earnings at $0.04 EPS and FY2023 earnings at $0.09 EPS.

Separately, Zacks Investment Research cut International Land Alliance from a “buy” rating to a “hold” rating in a research report on Thursday, February 24th.

Shares of International Land Alliance stock opened at $0.34 on Friday. International Land Alliance has a 1-year low of $0.32 and a 1-year high of $1.39. The company has a debt-to-equity ratio of 0.86, a quick ratio of 0.14 and a current ratio of 0.14. The firm has a fifty day simple moving average of $0.44 and a 200-day simple moving average of $0.59.

About International Land Alliance (Get Rating)

International Land Alliance, Inc operates as a residential land development company with target properties located primarily in the Baja California Northern region of Mexico. Its principal activities include purchasing properties; obtaining zoning and other entitlements required to subdivide the properties into residential and commercial building lots; securing financing for the purchase of the lots; improving the properties' infrastructure and amenities; and selling the lots to homebuyers, retirees, investors, and commercial developers.

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