Zacks: Brokerages Anticipate Interactive Brokers Group, Inc. (NASDAQ:IBKR) Will Post Earnings of $0.93 Per Share
Equities analysts expect that Interactive Brokers Group, Inc. (NASDAQ:IBKR – Get Rating) will post $0.93 earnings per share (EPS) for the current quarter, according to Zacks Investment Research. Two analysts have issued estimates for Interactive Brokers Group’s earnings. The lowest EPS estimate is $0.93 and the highest is $0.94. Interactive Brokers Group posted earnings per share of $0.82 during the same quarter last year, which suggests a positive year over year growth rate of 13.4%. The business is expected to report its next quarterly earnings report on Monday, January 1st.
On average, analysts expect that Interactive Brokers Group will report full-year earnings of $3.69 per share for the current financial year, with EPS estimates ranging from $3.62 to $3.75. For the next year, analysts forecast that the company will report earnings of $4.35 per share, with EPS estimates ranging from $4.30 to $4.46. Zacks Investment Research’s EPS averages are an average based on a survey of analysts that that provide coverage for Interactive Brokers Group.
Interactive Brokers Group (NASDAQ:IBKR – Get Rating) last announced its earnings results on Tuesday, April 19th. The financial services provider reported $0.82 EPS for the quarter, hitting analysts’ consensus estimates of $0.82. Interactive Brokers Group had a net margin of 10.32% and a return on equity of 3.09%. The business had revenue of $645.00 million during the quarter, compared to the consensus estimate of $703.34 million. During the same period in the previous year, the company posted $0.98 earnings per share. The firm’s revenue was down 27.8% on a year-over-year basis.
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IBKR has been the topic of a number of recent research reports. Zacks Investment Research lowered Interactive Brokers Group from a “buy” rating to a “hold” rating and set a $71.00 target price on the stock. in a research report on Tuesday, April 5th. Compass Point dropped their target price on Interactive Brokers Group to $85.00 in a research report on Friday, June 3rd. The Goldman Sachs Group upgraded Interactive Brokers Group from a “neutral” rating to a “buy” rating and set a $90.00 target price on the stock in a research report on Tuesday, April 26th. StockNews.com lowered Interactive Brokers Group from a “hold” rating to a “sell” rating in a research report on Thursday, May 26th. Finally, Bank of America upped their target price on Interactive Brokers Group from $111.00 to $117.00 and gave the company a “buy” rating in a research report on Wednesday, April 20th. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and three have given a buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $90.60.
In other news, Chairman Thomas Peterffy sold 20,000 shares of the stock in a transaction that occurred on Monday, May 9th. The stock was sold at an average price of $52.95, for a total transaction of $1,059,000.00. Following the transaction, the chairman now owns 2,707,511 shares in the company, valued at approximately $143,362,707.45. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Insiders have sold a total of 520,000 shares of company stock worth $32,359,600 in the last quarter. Insiders own 5.72% of the company’s stock.
A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Verition Fund Management LLC raised its stake in Interactive Brokers Group by 369.8% in the 1st quarter. Verition Fund Management LLC now owns 36,651 shares of the financial services provider’s stock valued at $2,416,000 after purchasing an additional 28,849 shares during the last quarter. EverSource Wealth Advisors LLC increased its stake in shares of Interactive Brokers Group by 117.3% in the 1st quarter. EverSource Wealth Advisors LLC now owns 8,650 shares of the financial services provider’s stock worth $570,000 after acquiring an additional 4,670 shares during the last quarter. Advisory Services Network LLC acquired a new stake in shares of Interactive Brokers Group in the 1st quarter worth $511,000. Neuberger Berman Group LLC increased its stake in shares of Interactive Brokers Group by 9.1% in the 1st quarter. Neuberger Berman Group LLC now owns 33,206 shares of the financial services provider’s stock worth $2,188,000 after acquiring an additional 2,778 shares during the last quarter. Finally, BNP Paribas Arbitrage SA increased its stake in shares of Interactive Brokers Group by 100.8% in the 1st quarter. BNP Paribas Arbitrage SA now owns 81,459 shares of the financial services provider’s stock worth $5,369,000 after acquiring an additional 40,885 shares during the last quarter. 20.49% of the stock is owned by hedge funds and other institutional investors.
Shares of IBKR traded down $1.58 during mid-day trading on Wednesday, hitting $59.00. 7,179 shares of the company traded hands, compared to its average volume of 855,929. Interactive Brokers Group has a 1-year low of $52.18 and a 1-year high of $82.83. The company has a market capitalization of $24.67 billion, a PE ratio of 20.71, a price-to-earnings-growth ratio of 0.84 and a beta of 0.76. The business has a 50 day moving average of $60.67 and a 200 day moving average of $67.83.
The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 14th. Shareholders of record on Wednesday, June 1st will be given a $0.10 dividend. The ex-dividend date of this dividend is Tuesday, May 31st. This represents a $0.40 annualized dividend and a yield of 0.68%. Interactive Brokers Group’s dividend payout ratio is presently 14.08%.
Interactive Brokers Group Company Profile (Get Rating)
Interactive Brokers Group, Inc operates as an automated electronic broker worldwide. The company specializes in executing, clearing, and settling trades in stocks, options, futures, foreign exchange instruments, bonds, mutual funds, exchange traded funds (ETFs), metals, and cryptocurrencies. It also custodies and services accounts for hedge and mutual funds, ETFs, registered investment advisors, proprietary trading groups, introducing brokers, and individual investors.
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