IAC (IAC) to Release Quarterly Earnings on Tuesday

IAC (NASDAQ:IAC) is scheduled to be releasing its earnings data after the market closes on Tuesday, May 7th. Analysts expect IAC to post earnings of ($1.07) per share for the quarter. Individual that wish to register for the company’s earnings conference call can do so using this link.

IAC (NASDAQ:IAC) last released its earnings results on Tuesday, February 13th. The company reported ($0.73) EPS for the quarter, missing the consensus estimate of ($0.20) by ($0.53). The company had revenue of $1.06 billion for the quarter, compared to analyst estimates of $1.06 billion. IAC had a net margin of 6.09% and a negative return on equity of 4.15%. On average, analysts expect IAC to post $-2 EPS for the current fiscal year and $-1 EPS for the next fiscal year.

IAC Stock Performance

NASDAQ IAC opened at $55.07 on Friday. The company’s fifty day moving average is $51.47 and its two-hundred day moving average is $50.34. IAC has a 52-week low of $41.39 and a 52-week high of $69.85. The company has a debt-to-equity ratio of 0.30, a current ratio of 2.36 and a quick ratio of 2.36. The firm has a market capitalization of $4.42 billion, a price-to-earnings ratio of 22.21 and a beta of 1.34.

Analyst Ratings Changes

Several equities analysts recently issued reports on IAC shares. Barclays boosted their price target on IAC from $62.00 to $72.00 and gave the company an “overweight” rating in a research note on Thursday, February 15th. UBS Group boosted their price objective on IAC from $60.00 to $64.00 and gave the company a “neutral” rating in a research report on Thursday, February 15th. Truist Financial raised their target price on IAC from $77.00 to $80.00 and gave the stock a “buy” rating in a research report on Thursday, February 15th. Finally, KeyCorp lowered their price target on shares of IAC from $72.00 to $64.00 and set an “overweight” rating on the stock in a report on Friday. Two investment analysts have rated the stock with a hold rating and nine have given a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $78.23.

IAC Company Profile

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.