Brokerages expect Interactive Brokers Group, Inc. (NASDAQ:IBKR) to report quarterly sales of $731.50 million
Stock analysts expect Interactive Brokers Group, Inc. (NASDAQ:IBKR – Get Rating) to post $731.50 million in sales for the current fiscal quarter, reports Zacks Investment Research. Two analysts have made estimates of Interactive Brokers Group’s earnings, with the highest sales estimate of $739.00 million and the lowest estimate of $724.00 million. Interactive Brokers Group reported sales of $754.00 million in the same quarter last year, suggesting a negative 3% year-over-year growth rate. The company is expected to release its next quarterly results on Monday, January 1.
On average, analysts expect Interactive Brokers Group to report annual sales of $2.95 billion in the current fiscal year, with estimates ranging from $2.93 billion to $2.98 billion. For next year, analysts expect the company to register sales of $3.38 billion, with estimates ranging from $3.37 billion to $3.39 billion. Zacks Investment Research sales averages are an average based on a survey of research companies that cover Interactive Brokers Group.
Interactive Brokers Group (NASDAQ: IBKR – Get Rating) last released its quarterly results on Tuesday, April 19. The financial services provider reported EPS of $0.82 for the quarter, meeting analyst consensus estimates of $0.82. Interactive Brokers Group achieved a net margin of 10.32% and a return on equity of 3.09%. The company posted revenue of $645.00 million for the quarter, versus a consensus estimate of $703.34 million. During the same period of the previous year, the company achieved EPS of $0.98. Interactive Brokers Group revenue was down 27.8% year-over-year.
A number of analysts have recently commented on IBKR shares. StockNews.com began covering Interactive Brokers Group shares in a report on Thursday, March 31. They issued a “sell” rating on the stock. Zacks Investment Research downgraded shares of Interactive Brokers Group from a “buy” rating to a “hold” rating and set a target price of $71.00 for the stock. in a report on Tuesday, April 5. Keefe, Bruyette & Woods upgraded Interactive Brokers Group shares from a “market performance” rating to an “outperform” rating and set a target price of $90.00 on the stock in a report Wednesday, January 19. Goldman Sachs Group upgraded shares of Interactive Brokers Group from a “neutral” rating to a “buy” rating and set a target price of $90.00 on the stock in a report released Tuesday. Finally, Bank of America raised its price target on shares of Interactive Brokers Group from $111.00 to $117.00 and gave the stock a “buy” rating in a Wednesday, April 20 report. One financial analyst has assigned the stock a sell rating, another has assigned a hold rating and three have assigned the company’s stock a buy rating. According to MarketBeat, Interactive Brokers Group currently has an average rating of “Hold” and an average target price of $92.00.
In other news, Chairman Thomas Peterffy sold 20,000 shares of Interactive Brokers Group in a trade that took place on Friday, February 11. The shares were sold at an average price of $74.44, for a total value of $1,488,800.00. The transaction was disclosed in a filing with the SEC, accessible via the SEC’s website. In the past three months, insiders have sold 615,600 shares of the company worth $40,706,794. 5.72% of the shares are currently held by insiders.
A number of institutional investors and hedge funds have recently increased or reduced their stakes in the stock. Fifth Third Bancorp increased its position in Interactive Brokers Group by 72.4% during the fourth quarter. Fifth Third Bancorp now owns 381 shares of the financial services provider valued at $30,000 after buying an additional 160 shares in the last quarter. Koshinski Asset Management Inc. increased its stake in Interactive Brokers Group by 19.6% during the first quarter. Koshinski Asset Management Inc. now owns 988 shares of the financial services provider valued at $65,000 after buying an additional 162 shares last quarter. FourThought Financial LLC increased its stake in Interactive Brokers Group by 3.3% during the first quarter. FourThought Financial LLC now owns 5,527 shares of the financial services provider valued at $364,000 after buying an additional 175 shares in the last quarter. First Horizon Advisors Inc. increased its stake in Interactive Brokers Group by 112.7% during the fourth quarter. First Horizon Advisors Inc. now owns 336 shares of the financial services provider worth $26,000 after buying an additional 178 shares in the last quarter. Finally, Louisiana State Employees Retirement System increased its stake in Interactive Brokers Group by 0.9% during the fourth quarter. Louisiana State Employees Retirement System now owns 22,500 shares of the financial services provider valued at $1,787,000 after buying 200 more shares last quarter. 18.92% of the shares are held by hedge funds and other institutional investors.
IBKR stock opened at $59.56 on Friday. Interactive Brokers Group has a 52-week low of $56.95 and a 52-week high of $82.83. The company has a market cap of $24.90 billion, a price-to-earnings ratio of 20.97, a growth price-to-earnings ratio of 0.88, and a beta of 0.74. The company’s 50-day moving average is $64.30 and its two-hundred-day moving average is $70.82.
The company also recently announced a quarterly dividend, which will be paid on Tuesday, June 14. Shareholders of record on Wednesday, June 1 will receive a dividend of $0.10. This represents an annualized dividend of $0.40 and a dividend yield of 0.67%. The ex-dividend date is Tuesday, May 31. Interactive Brokers Group’s dividend payout ratio (DPR) is currently 14.08%.
Interactive Brokers Group Company Profile (Get a rating)
Interactive Brokers Group, Inc operates as an automated electronic broker worldwide. The company specializes in the execution, clearing and settlement of transactions in stocks, options, futures, foreign exchange instruments, bonds, mutual funds, exchange-traded funds (ETFs), metals and cryptocurrencies. It also provides custody and account services for hedge funds and mutual funds, ETFs, registered investment advisers, proprietary trading groups, introducing brokers and individual investors.
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