Equities Analysts Issue Forecasts for Interval Leisure Group Inc.’s Q4 2016 Earnings (IILG)
Interval Leisure Group Inc. (NASDAQ:IILG) – Equities research analysts at Oppenheimer Holdings increased their Q4 2016 EPS estimates for Interval Leisure Group in a report released on Tuesday. Oppenheimer Holdings analyst I. Zaffino now expects that the firm will post earnings of $0.36 per share for the quarter, up from their prior forecast of $0.31. Oppenheimer Holdings has a “Outperform” rating and a $22.00 price objective on the stock.
A number of other research firms have also commented on IILG. MKM Partners upgraded Interval Leisure Group from a “neutral” rating to a “buy” rating and lifted their price objective for the stock from $16.50 to $25.00 in a research note on Thursday, July 14th. Zacks Investment Research upgraded Interval Leisure Group from a “hold” rating to a “strong-buy” rating and set a $19.00 price objective on the stock in a research note on Tuesday, September 20th. Finally, TheStreet upgraded Interval Leisure Group from a “hold” rating to a “buy” rating in a research note on Thursday, July 14th.
Shares of Interval Leisure Group (NASDAQ:IILG) opened at 17.28 on Wednesday. The company has a market cap of $2.16 billion, a P/E ratio of 4.96 and a beta of 1.30. Interval Leisure Group has a 52 week low of $10.61 and a 52 week high of $21.98. The firm’s 50-day moving average price is $17.15 and its 200 day moving average price is $15.72.
Interval Leisure Group (NASDAQ:IILG) last announced its earnings results on Thursday, August 4th. The company reported $0.36 earnings per share for the quarter, beating the consensus estimate of $0.21 by $0.15. The firm had revenue of $297 million for the quarter, compared to the consensus estimate of $345.40 million. Interval Leisure Group had a return on equity of 12.35% and a net margin of 28.78%. The firm’s revenue for the quarter was up 70.7% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.29 EPS.
The company also recently declared a quarterly dividend, which was paid on Wednesday, September 21st. Investors of record on Wednesday, September 7th were paid a dividend of $0.12 per share. The ex-dividend date of this dividend was Friday, September 2nd. This represents a $0.48 annualized dividend and a yield of 2.78%. Interval Leisure Group’s dividend payout ratio is 17.20%.
An institutional investor recently bought a new position in Interval Leisure Group stock. Norges Bank purchased a new stake in shares of Interval Leisure Group Inc. (NASDAQ:IILG) during the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor purchased 632,762 shares of the company’s stock, valued at approximately $9,877,000. Norges Bank owned 1.10% of Interval Leisure Group as of its most recent filing with the SEC. 80.46% of the stock is currently owned by hedge funds and other institutional investors.
Interval Leisure Group Company Profile
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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