$0.33 EPS Expected for Interactive Brokers Group, Inc. (IBKR) This Quarter
Brokerages forecast that Interactive Brokers Group, Inc. (NASDAQ:IBKR) will post earnings of $0.33 per share for the current fiscal quarter, according to Zacks Investment Research. Two analysts have issued estimates for Interactive Brokers Group’s earnings, with the lowest EPS estimate coming in at $0.31 and the highest estimate coming in at $0.35. Interactive Brokers Group posted earnings of $0.40 per share during the same quarter last year, which would indicate a negative year-over-year growth rate of 17.5%. The firm is scheduled to report its next earnings report on Tuesday, July 18th.
According to Zacks, analysts expect that Interactive Brokers Group will report full year earnings of $1.44 per share for the current year, with EPS estimates ranging from $1.38 to $1.50. For the next year, analysts forecast that the firm will report earnings of $1.63 per share, with EPS estimates ranging from $1.50 to $1.74. Zacks Investment Research’s EPS calculations are an average based on a survey of research firms that that provide coverage for Interactive Brokers Group.
Interactive Brokers Group (NASDAQ:IBKR) last posted its quarterly earnings data on Tuesday, April 18th. The financial services provider reported $0.34 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.39 by $0.05. Interactive Brokers Group had a return on equity of 1.46% and a net margin of 5.69%. The firm had revenue of $374 million for the quarter, compared to analyst estimates of $396.98 million. During the same period in the prior year, the company posted $0.51 EPS. The firm’s quarterly revenue was down 23.5% compared to the same quarter last year.
A number of brokerages have recently commented on IBKR. Goldman Sachs Group Inc upgraded shares of Interactive Brokers Group from a “sell” rating to a “neutral” rating and lifted their price target for the stock from $34.00 to $40.00 in a report on Tuesday, January 10th. SunTrust Banks, Inc. reiterated a “hold” rating and set a $38.00 price target on shares of Interactive Brokers Group in a report on Wednesday, January 18th. Zacks Investment Research lowered shares of Interactive Brokers Group from a “hold” rating to a “strong sell” rating in a report on Tuesday, March 7th. Wells Fargo & Co reiterated a “market perform” rating and set a $37.00 price target on shares of Interactive Brokers Group in a report on Saturday, March 11th. Finally, Keefe, Bruyette & Woods lowered shares of Interactive Brokers Group from an “outperform” rating to a “market perform” rating and cut their price target for the stock from $44.00 to $38.00 in a report on Wednesday. One investment analyst has rated the stock with a sell rating and five have given a hold rating to the company. The stock presently has a consensus rating of “Hold” and an average price target of $39.00.
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A number of institutional investors have recently added to or reduced their stakes in IBKR. Creative Planning raised its position in Interactive Brokers Group by 106.3% in the third quarter. Creative Planning now owns 3,587 shares of the financial services provider’s stock valued at $127,000 after buying an additional 1,848 shares during the last quarter. WFG Advisors LP raised its position in Interactive Brokers Group by 468.7% in the fourth quarter. WFG Advisors LP now owns 2,946 shares of the financial services provider’s stock valued at $203,000 after buying an additional 2,428 shares during the last quarter. Highbridge Capital Management LLC raised its position in Interactive Brokers Group by 194.8% in the fourth quarter. Highbridge Capital Management LLC now owns 6,543 shares of the financial services provider’s stock valued at $239,000 after buying an additional 13,443 shares during the last quarter. State of Alaska Department of Revenue raised its position in Interactive Brokers Group by 2.2% in the first quarter. State of Alaska Department of Revenue now owns 7,540 shares of the financial services provider’s stock valued at $261,000 after buying an additional 160 shares during the last quarter. Finally, Boothbay Fund Management LLC purchased a new position in Interactive Brokers Group during the fourth quarter valued at about $272,000. Institutional investors and hedge funds own 83.14% of the company’s stock.
Interactive Brokers Group (NASDAQ:IBKR) traded up 1.33% on Thursday, reaching $34.33. The company’s stock had a trading volume of 733,021 shares. The firm has a market cap of $2.33 billion, a P/E ratio of 27.46 and a beta of 1.01. The firm’s 50 day moving average is $35.57 and its 200-day moving average is $36.61. Interactive Brokers Group has a 12 month low of $31.97 and a 12 month high of $40.40.
The company also recently announced a quarterly dividend, which will be paid on Wednesday, June 14th. Investors of record on Thursday, June 1st will be issued a $0.10 dividend. The ex-dividend date is Tuesday, May 30th. This represents a $0.40 annualized dividend and a yield of 1.17%. Interactive Brokers Group’s payout ratio is 31.25%.
About Interactive Brokers Group
Interactive Brokers Group, Inc (IBG, Inc) is a holding company. The Company is an automated global electronic broker and market maker specializing in routing orders, and executing and processing trades in securities, futures, foreign exchange instruments, bonds and mutual funds on over 120 electronic exchanges and market centers around the world and offering custody, prime brokerage, securities and margin lending services to customers.
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