IAC (NASDAQ:IAC - Get Free Report) announced its earnings results on Monday. The company reported ($2.93) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.20) by ($2.73), Briefing.com reports. The business had revenue of $938.70 million for the quarter, compared to analysts' expectations of $922.62 million. IAC had a negative net margin of 3.95% and a negative return on equity of 2.35%. The firm's quarterly revenue was down 15.5% on a year-over-year basis. During the same quarter last year, the firm earned ($0.30) EPS.
IAC Price Performance
Shares of IAC traded down $5.73 during midday trading on Tuesday, hitting $49.37. The company's stock had a trading volume of 1,164,020 shares, compared to its average volume of 660,127. The stock has a market capitalization of $3.97 billion, a price-to-earnings ratio of -22.50 and a beta of 1.33. IAC has a one year low of $43.51 and a one year high of $58.29. The company has a quick ratio of 2.68, a current ratio of 2.68 and a debt-to-equity ratio of 0.29. The company's fifty day simple moving average is $52.28 and its two-hundred day simple moving average is $50.94.
Analysts Set New Price Targets
A number of equities analysts have weighed in on IAC shares. UBS Group upgraded shares of IAC to a "hold" rating in a research report on Monday, October 28th. Citigroup lowered their price objective on shares of IAC from $70.00 to $66.00 and set a "buy" rating for the company in a research note on Thursday, August 8th. Truist Financial raised their target price on shares of IAC from $87.00 to $88.00 and gave the company a "buy" rating in a report on Thursday, August 8th. KeyCorp cut their price objective on shares of IAC from $67.00 to $66.00 and set an "overweight" rating on the stock in a report on Friday, August 16th. Finally, Barclays cut their target price on shares of IAC from $73.00 to $70.00 and set an "overweight" rating on the stock in a report on Thursday, August 8th. Two equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company's stock. According to MarketBeat, IAC presently has a consensus rating of "Moderate Buy" and an average target price of $77.89.
Check Out Our Latest Stock Analysis on IAC
About IAC
(
Get Free Report)
IAC Inc, together with its subsidiaries, operates as a media and internet company worldwide. The company publishes original and engaging digital content in the form of articles, illustrations, and videos and images across entertainment, food, home, beauty, travel, health, family, luxury, and fashion areas; and magazines related to women and lifestyle.
Featured Articles
Before you consider IAC, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and IAC wasn't on the list.
While IAC currently has a "Moderate Buy" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Wondering where to start (or end) with AI stocks? These 10 simple stocks can help investors build long-term wealth as artificial intelligence continues to grow into the future.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
