Interval Leisure Group Inc. (IILG) Expected to Earn Q3 2016 Earnings of $0.27 Per Share
Interval Leisure Group Inc. (NASDAQ:IILG) – Investment analysts at Oppenheimer Holdings dropped their Q3 2016 earnings per share (EPS) estimates for shares of Interval Leisure Group in a research report issued to clients and investors on Tuesday. Oppenheimer Holdings analyst I. Zaffino now expects that the firm will earn $0.27 per share for the quarter, down from their prior estimate of $0.31. Oppenheimer Holdings currently has a “Outperform” rating and a $22.00 price objective on the stock. Oppenheimer Holdings also issued estimates for Interval Leisure Group’s FY2017 earnings at $1.38 EPS.
Interval Leisure Group (NASDAQ:IILG) last released its quarterly earnings data on Thursday, August 4th. The company reported $0.36 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.21 by $0.15. Interval Leisure Group had a return on equity of 12.35% and a net margin of 28.78%. The business had revenue of $297 million for the quarter, compared to analysts’ expectations of $345.40 million. During the same quarter in the previous year, the business posted $0.29 EPS. Interval Leisure Group’s revenue for the quarter was up 70.7% on a year-over-year basis.
A number of other brokerages also recently commented on IILG. MKM Partners raised Interval Leisure Group from a “neutral” rating to a “buy” rating and increased their price target for the company from $16.50 to $25.00 in a research report on Thursday, July 14th. Zacks Investment Research raised Interval Leisure Group from a “hold” rating to a “strong-buy” rating and set a $19.00 price target for the company in a research report on Tuesday, September 20th. Finally, TheStreet raised Interval Leisure Group from a “hold” rating to a “buy” rating in a research report on Thursday, July 14th.
Interval Leisure Group (NASDAQ:IILG) opened at 17.28 on Thursday. The company has a market cap of $2.16 billion, a PE ratio of 4.96 and a beta of 1.30. Interval Leisure Group has a 12-month low of $10.61 and a 12-month high of $21.98. The stock’s 50 day moving average price is $17.15 and its 200 day moving average price is $15.72.
The company also recently announced a quarterly dividend, which was paid on Wednesday, September 21st. Shareholders of record on Wednesday, September 7th were given a $0.12 dividend. This represents a $0.48 dividend on an annualized basis and a yield of 2.78%. The ex-dividend date was Friday, September 2nd. Interval Leisure Group’s dividend payout ratio is currently 17.20%.
A hedge fund recently bought a new stake in Interval Leisure Group stock. Norges Bank bought a new position in Interval Leisure Group Inc. (NASDAQ:IILG) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 632,762 shares of the company’s stock, valued at approximately $9,877,000. Norges Bank owned approximately 1.10% of Interval Leisure Group at the end of the most recent reporting period. 80.46% of the stock is owned by institutional investors.
About Interval Leisure Group
Interval Leisure Group, Inc (ILG) is a provider of non-traditional lodging, encompassing a portfolio of leisure businesses from exchange and vacation rental to vacation ownership. The Company operates through two segments. The Exchange and Rental segment offers access to vacation accommodations and other travel-related transactions and services to leisure travelers, by providing vacation exchange services and vacation rental, working with resort developers and operating vacation rental properties.
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