Zacks Investment Research Downgrades Interval Leisure Group Inc. (IILG) to Hold
Interval Leisure Group Inc. (NASDAQ:IILG) was downgraded by Zacks Investment Research from a “strong-buy” rating to a “hold” rating in a research note issued to investors on Wednesday.
According to Zacks, “INTERVAL LEISURE GROUP is a leading provider of membership and leisure services to consumers and business-to-business customers in the vacation industry. Its principal business is Interval International, a pioneer and innovator serving the vacation ownership market for more than 32 years. Interval International is a membership-based organization that offers a comprehensive package of year-round benefits, including the opportunity to trade the use of resort time for alternate accommodations. Today, Interval has a network of over 2,400 resorts in excess of 75 countries, and offers its resort clients and approximately two million member families high-quality products and programs through 29 offices in 17 nations. RQH provides vacation rental and property management services to vacationers and vacation property owners across Hawaii with a portfolio of approximately 5,000 units in properties throughout the islands. ILG is headquartered in Miami, Florida, and has approximately 2,900 employees worldwide. “
Other research analysts also recently issued research reports about the stock. MKM Partners set a $25.00 price target on shares of Interval Leisure Group and gave the stock a “buy” rating in a research report on Monday, September 12th. TheStreet upgraded shares of Interval Leisure Group from a “hold” rating to a “buy” rating in a research report on Thursday, July 14th.
Interval Leisure Group (NASDAQ:IILG) traded down 0.434% during mid-day trading on Wednesday, hitting $17.205. 93,577 shares of the stock traded hands. Interval Leisure Group has a 12 month low of $10.61 and a 12 month high of $21.98. The stock has a 50-day moving average price of $17.15 and a 200-day moving average price of $15.72. The stock has a market cap of $2.15 billion, a P/E ratio of 4.935 and a beta of 1.30.
Interval Leisure Group (NASDAQ:IILG) last released its quarterly earnings results on Thursday, August 4th. The company reported $0.36 earnings per share for the quarter, topping the consensus estimate of $0.21 by $0.15. Interval Leisure Group had a net margin of 28.78% and a return on equity of 12.35%. The firm earned $297 million during the quarter, compared to the consensus estimate of $345.40 million. During the same quarter in the prior year, the firm earned $0.29 EPS. The company’s revenue for the quarter was up 70.7% on a year-over-year basis. On average, equities analysts forecast that Interval Leisure Group will post $1.43 earnings per share for the current year.
The firm also recently disclosed 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 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 presently 17.20%.
A hedge fund recently bought a new stake in Interval Leisure Group stock. Norges Bank acquired a new stake in shares of Interval Leisure Group Inc. (NASDAQ:IILG) during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The fund acquired 632,762 shares of the company’s stock, valued at approximately $9,877,000. Norges Bank owned about 1.10% of Interval Leisure Group as of its most recent SEC filing. 80.46% of the stock is currently owned by institutional investors and hedge funds.
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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