Interval Leisure Group’s (IILG) Outperform Rating Reiterated at Oppenheimer Holdings Inc.
Oppenheimer Holdings Inc. reiterated their outperform rating on shares of Interval Leisure Group Inc. (NASDAQ:IILG) in a research note released on Wednesday morning. The brokerage currently has a $22.00 price objective on the stock.
Other analysts also recently issued research reports about the stock. Zacks Investment Research raised shares of Interval Leisure Group from a hold rating to a strong-buy rating and set a $19.00 target price on the stock in a report on Tuesday, September 20th. TheStreet raised shares of Interval Leisure Group from a hold rating to a buy rating in a report on Thursday, July 14th. Finally, MKM Partners set a $25.00 target price on shares of Interval Leisure Group and gave the company a buy rating in a report on Friday, August 5th.
Shares of Interval Leisure Group (NASDAQ:IILG) opened at 17.14 on Wednesday. Interval Leisure Group has a 1-year low of $10.61 and a 1-year high of $21.98. The stock has a market cap of $2.14 billion, a PE ratio of 4.92 and a beta of 1.30. The stock has a 50 day moving average of $17.13 and a 200 day moving average of $15.74.
Interval Leisure Group (NASDAQ:IILG) last issued its earnings results 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. The business had revenue of $297 million for the quarter, compared to the consensus estimate of $345.40 million. Interval Leisure Group had a net margin of 28.78% and a return on equity of 12.35%. The business’s quarterly revenue was up 70.7% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.29 earnings per share. Equities research analysts forecast that Interval Leisure Group will post $1.43 EPS for the current year.
The business also recently disclosed a quarterly dividend, which was paid on Wednesday, September 21st. Investors of record on Wednesday, September 7th were issued a dividend of $0.12 per share. This represents a $0.48 dividend on an annualized basis and a yield of 2.80%. The ex-dividend date of this dividend was Friday, September 2nd. Interval Leisure Group’s dividend payout ratio is currently 17.20%.
An institutional investor recently bought a new position in Interval Leisure Group stock. Norges Bank acquired a new position in Interval Leisure Group Inc. (NASDAQ:IILG) during the fourth quarter, according to its most recent filing with the SEC. The fund acquired 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. 80.47% of the stock is owned by institutional investors and hedge funds.
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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