ILG Inc. (ILG) Expected to Post Quarterly Sales of $452.25 Million
Equities analysts expect ILG Inc. (NASDAQ:ILG) to report $452.25 million in sales for the current quarter, according to Zacks. Four analysts have issued estimates for ILG’s earnings. The lowest sales estimate is $446.00 million and the highest is $462.00 million. ILG reported sales of $418.00 million during the same quarter last year, which would suggest a positive year over year growth rate of 8.2%. The company is expected to report its next earnings report on Tuesday, November 14th.
According to Zacks, analysts expect that ILG will report full-year sales of $452.25 million for the current year, with estimates ranging from $1.79 billion to $1.82 billion. For the next fiscal year, analysts forecast that the business will report sales of $1.90 billion per share, with estimates ranging from $1.84 billion to $1.95 billion. Zacks Investment Research’s sales averages are a mean average based on a survey of analysts that cover ILG.
ILG (NASDAQ:ILG) last posted its earnings results on Thursday, August 3rd. The business services provider reported $0.26 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.25 by $0.01. The firm had revenue of $450.00 million during the quarter, compared to analyst estimates of $432.86 million. ILG had a return on equity of 11.41% and a net margin of 7.32%. The firm’s revenue for the quarter was up 51.5% on a year-over-year basis.
Several brokerages recently commented on ILG. Zacks Investment Research cut ILG from a “buy” rating to a “hold” rating in a research report on Thursday, August 24th. BidaskClub raised ILG from a “sell” rating to a “hold” rating in a research report on Wednesday. Finally, Imperial Capital increased their price target on ILG from $22.00 to $30.00 and gave the company an “outperform” rating in a research report on Tuesday, May 30th. One analyst has rated the stock with a hold rating and six have issued a buy rating to the company. The stock has a consensus rating of “Buy” and a consensus price target of $27.00.
Shares of ILG (NASDAQ ILG) traded up 2.12% on Friday, reaching $26.45. The company’s stock had a trading volume of 1,275,506 shares. The firm has a market cap of $3.30 billion, a price-to-earnings ratio of 25.46 and a beta of 1.48. The company’s 50 day moving average is $26.18 and its 200-day moving average is $24.62. ILG has a 1-year low of $15.94 and a 1-year high of $28.99.
The firm also recently disclosed a quarterly dividend, which will be paid on Monday, September 18th. Stockholders of record on Tuesday, September 5th will be given a $0.15 dividend. The ex-dividend date of this dividend is Thursday, August 31st. This represents a $0.60 dividend on an annualized basis and a dividend yield of 2.27%. ILG’s payout ratio is 57.69%.
Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. USA Financial Portformulas Corp acquired a new stake in shares of ILG in the second quarter valued at approximately $379,000. Piedmont Investment Advisors LLC lifted its position in shares of ILG by 13.0% in the second quarter. Piedmont Investment Advisors LLC now owns 88,188 shares of the business services provider’s stock valued at $2,424,000 after buying an additional 10,177 shares during the last quarter. Nomura Holdings Inc. acquired a new stake in shares of ILG in the second quarter valued at approximately $9,956,000. BlueCrest Capital Management Ltd acquired a new stake in shares of ILG in the second quarter valued at approximately $419,000. Finally, State Street Corp lifted its position in shares of ILG by 2.0% in the second quarter. State Street Corp now owns 2,774,726 shares of the business services provider’s stock valued at $76,278,000 after buying an additional 53,621 shares during the last quarter. 80.64% of the stock is owned by 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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