IAC (IAC) Set to Announce Earnings on Monday

IAC (NASDAQ:IAC - Get Free Report) is scheduled to announce its earnings results after the market closes on Monday, November 11th. Analysts expect the company to announce earnings of ($0.20) per share for the quarter. Persons interested in registering for the company's earnings conference call can do so using this link.

IAC (NASDAQ:IAC - Get Free Report) last released its earnings results on Tuesday, August 6th. The company reported ($1.71) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.32) by ($1.39). The firm had revenue of $949.50 million during the quarter, compared to analysts' expectations of $942.77 million. IAC had a negative net margin of 3.95% and a negative return on equity of 2.35%. IAC's revenue for the quarter was down 14.6% on a year-over-year basis. During the same quarter last year, the company posted ($0.76) earnings per share. On average, analysts expect IAC to post $-1 EPS for the current fiscal year and $0 EPS for the next fiscal year.

IAC Trading Up 1.0 %

Shares of NASDAQ IAC traded up $0.47 during midday trading on Monday, reaching $49.44. 399,866 shares of the stock were exchanged, compared to its average volume of 656,157. The stock has a 50 day moving average price of $52.21 and a 200-day moving average price of $50.75. The company has a current ratio of 2.68, a quick ratio of 2.68 and a debt-to-equity ratio of 0.29. The company has a market capitalization of $3.97 billion, a P/E ratio of -22.06 and a beta of 1.34. IAC has a 52-week low of $43.10 and a 52-week high of $58.29.

Analyst Ratings Changes

Several brokerages have weighed in on IAC. KeyCorp cut their price target on IAC from $67.00 to $66.00 and set an "overweight" rating for the company in a report on Friday, August 16th. JMP Securities began coverage on IAC in a research report on Tuesday, July 9th. They set an "outperform" rating and a $78.00 target price on the stock. Citigroup lowered their price target on IAC from $70.00 to $66.00 and set a "buy" rating for the company in a report on Thursday, August 8th. Truist Financial upped their price objective on shares of IAC from $87.00 to $88.00 and gave the company a "buy" rating in a research note on Thursday, August 8th. Finally, Benchmark reissued a "buy" rating and issued a $110.00 target price on shares of IAC in a research report on Tuesday, August 27th. Two analysts have rated the stock with a hold rating and nine have given a buy rating to the company's stock. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average price target of $76.40.

About IAC

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.