IRSA Inversiones Y Representaciones (NYSE:IRS) Posts Quarterly Earnings Results

IRSA Inversiones Y Representaciones (NYSE:IRS) issued its quarterly earnings data on Tuesday. The financial services provider reported ($0.08) earnings per share (EPS) for the quarter, Zacks reports. IRSA Inversiones Y Representaciones had a return on equity of 17.26% and a net margin of 58.90%. The business had revenue of $117.96 million for the quarter, compared to analyst estimates of $91.27 million.

IRSA Inversiones Y Representaciones Trading Down 1.8%

Shares of IRSA Inversiones Y Representaciones stock traded down $0.23 on Thursday, reaching $12.16. 276,444 shares of the company were exchanged, compared to its average volume of 177,801. The stock has a fifty day moving average price of $14.49 and a 200-day moving average price of $15.17. The firm has a market capitalization of $1.03 billion, a price-to-earnings ratio of 3.70 and a beta of 1.25. The company has a current ratio of 2.25, a quick ratio of 2.25 and a debt-to-equity ratio of 0.34. IRSA Inversiones Y Representaciones has a fifty-two week low of $11.83 and a fifty-two week high of $19.14.

IRSA Inversiones Y Representaciones Increases Dividend

The business also recently announced an annual dividend, which will be paid on Monday, November 9th. Investors of record on Monday, November 2nd will be issued a $1.6199 dividend. This represents a dividend yield of 1,304.0%. The ex-dividend date is Monday, November 2nd. This is a positive change from IRSA Inversiones Y Representaciones’s previous annual dividend of $1.4151. IRSA Inversiones Y Representaciones’s payout ratio is presently 45.59%.

Analysts Set New Price Targets

A number of brokerages recently weighed in on IRS. Bank of America started coverage on shares of IRSA Inversiones Y Representaciones in a research note on Tuesday, October 13th. They set a “buy” rating and a $23.60 price objective on the stock. Weiss Ratings reiterated a “hold (c)” rating on shares of IRSA Inversiones Y Representaciones in a research report on Thursday, October 15th. Finally, Zacks Research upgraded shares of IRSA Inversiones Y Representaciones to a “hold” rating in a research report on Wednesday, October 14th. One analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and two have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $23.30.

IRSA Inversiones Y Representaciones Company Profile

IRSA Inversiones y Representaciones SA is an Argentine real estate company engaged in the acquisition, development, leasing and management of properties. Its portfolio includes shopping centers, office buildings, hotels and residential and mixed-use developments, with operations primarily focused on Argentina.

The company operates and invests in a range of well-known Argentine commercial properties, including shopping centers such as Alto Palermo, Abasto, Patio Bullrich, Alto Avellaneda and DOT Baires.