ILG Inc. (ILG) Expected to Announce Quarterly Sales of $437.30 Million
Brokerages forecast that ILG Inc. (NASDAQ:ILG) will report $437.30 million in sales for the current fiscal quarter, Zacks reports. Four analysts have issued estimates for ILG’s earnings, with the highest sales estimate coming in at $449.00 million and the lowest estimate coming in at $430.20 million. ILG reported sales of $297.00 million in the same quarter last year, which would suggest a positive year over year growth rate of 47.2%. The business is expected to issue its next quarterly earnings report on Thursday, August 3rd.
According to Zacks, analysts expect that ILG will report full-year sales of $437.30 million for the current year, with estimates ranging from $1.78 billion to $1.83 billion. For the next financial year, analysts anticipate that the firm will post sales of $1.89 billion per share, with estimates ranging from $1.83 billion to $1.93 billion. Zacks Investment Research’s sales calculations are an average based on a survey of sell-side analysts that that provide coverage for ILG.
ILG (NASDAQ:ILG) last issued its earnings results on Thursday, May 4th. The business services provider reported $0.33 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.30 by $0.03. ILG had a return on equity of 11.66% and a net margin of 17.63%. The business had revenue of $452 million during the quarter, compared to analysts’ expectations of $446.32 million. During the same quarter in the previous year, the business earned $0.41 EPS. The company’s revenue for the quarter was up 143.1% on a year-over-year basis.
A number of equities research analysts have recently weighed in on ILG shares. CIBC raised their price target on ILG from $22.00 to $26.00 and gave the stock an “outperform” rating in a research note on Monday, April 24th. Zacks Investment Research downgraded ILG from a “hold” rating to a “sell” rating in a research note on Thursday, March 2nd. Oppenheimer Holdings, Inc. reaffirmed an “outperform” rating and set a $26.00 price target (up from $22.00) on shares of ILG in a research note on Friday, April 21st. Finally, Imperial Capital raised their price target on ILG from $22.00 to $30.00 and gave the stock an “outperform” rating in a research note on Tuesday, May 30th. One equities research analyst has rated the stock with a hold rating and six have assigned a buy rating to the stock. The company presently has an average rating of “Buy” and an average target price of $25.33.
Hedge funds and other institutional investors have recently modified their holdings of the stock. BlackRock Inc. raised its position in shares of ILG by 10,793.0% in the first quarter. BlackRock Inc. now owns 13,919,706 shares of the business services provider’s stock worth $291,757,000 after buying an additional 13,791,920 shares in the last quarter. Vanguard Group Inc. raised its position in shares of ILG by 2.6% in the first quarter. Vanguard Group Inc. now owns 9,740,940 shares of the business services provider’s stock worth $204,171,000 after buying an additional 247,902 shares in the last quarter. Dimensional Fund Advisors LP raised its position in shares of ILG by 23.9% in the first quarter. Dimensional Fund Advisors LP now owns 4,727,030 shares of the business services provider’s stock worth $99,078,000 after buying an additional 912,167 shares in the last quarter. P2 Capital Partners LLC raised its position in shares of ILG by 87.9% in the first quarter. P2 Capital Partners LLC now owns 4,375,000 shares of the business services provider’s stock worth $91,700,000 after buying an additional 2,046,821 shares in the last quarter. Finally, State Street Corp raised its position in shares of ILG by 5.6% in the first quarter. State Street Corp now owns 2,721,105 shares of the business services provider’s stock worth $57,029,000 after buying an additional 145,154 shares in the last quarter. 82.63% of the stock is currently owned by institutional investors and hedge funds.
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Shares of ILG (ILG) opened at 27.71 on Friday. ILG has a one year low of $14.10 and a one year high of $28.99. The stock’s 50 day moving average price is $26.26 and its 200-day moving average price is $21.03. The stock has a market cap of $3.46 billion, a PE ratio of 11.48 and a beta of 1.54.
The company also recently declared a quarterly dividend, which will be paid on Tuesday, June 20th. Stockholders of record on Tuesday, June 6th will be paid a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a dividend yield of 2.16%. The ex-dividend date is Friday, June 2nd. ILG’s dividend payout ratio (DPR) is presently 22.30%.
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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