IRSA Inversiones y Representaciones Sociedad Anónima (NYSE:IRS) Releases Earnings Results

IRSA Inversiones y Representaciones Sociedad Anónima (NYSE:IRS - Get Free Report) issued its quarterly earnings results on Friday. The financial services provider reported $0.92 earnings per share for the quarter, Zacks reports. IRSA Inversiones y Representaciones Sociedad Anónima had a positive return on equity of 8.91% and a negative net margin of 79.31%.

IRSA Inversiones y Representaciones Sociedad Anónima Trading Down 0.5 %

NYSE IRS traded down $0.06 during trading hours on Tuesday, hitting $13.05. 249,468 shares of the company's stock were exchanged, compared to its average volume of 198,840. The stock has a 50-day simple moving average of $15.46 and a 200 day simple moving average of $13.31. IRSA Inversiones y Representaciones Sociedad Anónima has a 1-year low of $7.10 and a 1-year high of $17.67. The firm has a market cap of $976.53 million, a price-to-earnings ratio of -2.93 and a beta of 1.35. The company has a current ratio of 0.93, a quick ratio of 0.93 and a debt-to-equity ratio of 0.15.

IRSA Inversiones y Representaciones Sociedad Anónima Increases Dividend

The firm also recently announced a -- dividend, which was paid on Monday, December 9th. Investors of record on Friday, November 29th were paid a dividend of $3.60 per share. The ex-dividend date of this dividend was Friday, November 29th. This is a boost from IRSA Inversiones y Representaciones Sociedad Anónima's previous -- dividend of $1.02. IRSA Inversiones y Representaciones Sociedad Anónima's dividend payout ratio (DPR) is currently -21.53%.

Analyst Upgrades and Downgrades

Separately, StockNews.com cut IRSA Inversiones y Representaciones Sociedad Anónima from a "buy" rating to a "hold" rating in a research note on Friday, November 8th.

IRSA Inversiones y Representaciones Sociedad Anónima Company Profile

IRSA Inversiones y Representaciones Sociedad Anónima, together with its subsidiaries, engages in the diversified real estate activities in Argentina. It operates through five segments: Shopping Malls, Offices, Hotels, Sales and Developments, and Others. The company is involved in the acquisition, development, and operation of shopping malls, office buildings, and other non-shopping mall properties primarily for rental purposes.