ILG Inc. (NASDAQ:ILG) Expected to Post Earnings of $0.30 Per Share
Wall Street analysts expect ILG Inc. (NASDAQ:ILG) to announce earnings per share (EPS) of $0.30 for the current quarter, according to Zacks Investment Research. Four analysts have issued estimates for ILG’s earnings, with the lowest EPS estimate coming in at $0.29 and the highest estimate coming in at $0.31. ILG posted earnings of $0.39 per share during the same quarter last year, which would suggest a negative year over year growth rate of 23.1%. The firm is expected to report its next earnings results on Tuesday, November 14th.
According to Zacks, analysts expect that ILG will report full year earnings of $1.20 per share for the current fiscal year, with EPS estimates ranging from $1.18 to $1.22. For the next fiscal year, analysts expect that the business will report earnings of $1.29 per share, with EPS estimates ranging from $1.23 to $1.35. Zacks’ earnings per share calculations are a mean average based on a survey of sell-side research analysts that cover ILG.
ILG (NASDAQ:ILG) last posted its quarterly earnings results on Thursday, August 3rd. The business services provider reported $0.26 earnings per share for the quarter, beating analysts’ consensus estimates of $0.25 by $0.01. ILG had a net margin of 7.32% and a return on equity of 11.41%. The company had revenue of $450 million for the quarter, compared to the consensus estimate of $432.86 million. ILG’s revenue was up 51.5% on a year-over-year basis.
Several analysts have issued reports on ILG shares. Oppenheimer Holdings, Inc. reaffirmed an “outperform” rating and issued a $26.00 target price (up previously from $22.00) on shares of ILG in a research note on Friday, April 21st. CIBC upped their target price on ILG from $22.00 to $26.00 and gave the stock an “outperform” rating in a research note on Monday, April 24th. Zacks Investment Research raised ILG from a “sell” rating to a “hold” rating in a research note on Wednesday, May 3rd. Finally, Imperial Capital increased their price objective on ILG from $22.00 to $30.00 and gave the company an “outperform” rating in a research note on Tuesday, May 30th. One equities research analyst has rated the stock with a hold rating and six have assigned a buy rating to the company. The stock has an average rating of “Buy” and an average target price of $27.00.
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ILG (NASDAQ:ILG) traded up 0.73% during midday trading on Wednesday, hitting $26.25. 570,067 shares of the stock were exchanged. ILG has a 1-year low of $15.94 and a 1-year high of $28.99. The company’s 50 day moving average is $27.35 and its 200 day moving average is $23.13. The company has a market capitalization of $3.28 billion, a P/E ratio of 10.87 and a beta of 1.47.
The business also recently disclosed a quarterly dividend, which will be paid on Monday, September 18th. Stockholders of record on Tuesday, September 5th will be paid a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a dividend yield of 2.29%. The ex-dividend date of this dividend is Thursday, August 31st. ILG’s dividend payout ratio (DPR) is presently 57.69%.
Hedge funds have recently added to or reduced their stakes in the stock. Strs Ohio raised its stake in ILG by 63.6% in the first quarter. Strs Ohio now owns 5,401 shares of the business services provider’s stock worth $113,000 after buying an additional 2,100 shares during the period. Sei Investments Co. raised its stake in ILG by 33.2% in the first quarter. Sei Investments Co. now owns 6,822 shares of the business services provider’s stock worth $143,000 after buying an additional 1,701 shares during the period. Creative Planning raised its stake in ILG by 6.3% in the second quarter. Creative Planning now owns 5,325 shares of the business services provider’s stock worth $146,000 after buying an additional 316 shares during the period. Ameritas Investment Partners Inc. bought a new stake in ILG during the first quarter worth $205,000. Finally, First Citizens Bank & Trust Co. bought a new stake in ILG during the first quarter worth $206,000. 81.97% of the stock is owned by hedge funds and other institutional investors.
ILG Company Profile
ILG, Inc, formerly Interval Leisure Group, Inc, is a provider of professionally delivered vacation experiences. The Company is a global licensee for the Hyatt, Westin and Sheraton brands in vacation ownership. The Company operates through two segments: Exchange and Rental, and Vacation Ownership. Its 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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