Zacks Investment Research Lowers ILG Inc (ILG) to Hold
According to Zacks, “ILG, Inc. offers owners, members and guests benefits and services, as well as destinations through its portfolio of resorts and clubs. The company’s operating businesses include Aqua-Aston Hospitality, Hyatt Vacation Ownership, Interval International, Trading Places International, Vacation Resorts International, VRI Europe and Vistana Signature Experiences. ILG, Inc., formerly known as Interval Leisure Group Inc., is headquartered in Miami, Florida. “
Several other brokerages also recently weighed in on ILG. TheStreet downgraded shares of ILG from a buy rating to a hold rating in a report on Friday, October 28th. Oppenheimer Holdings, Inc. reaffirmed an outperform rating on shares of ILG in a report on Tuesday, December 20th.
Shares of ILG (NYSE:ILG) traded up 0.84% on Tuesday, hitting $18.05. The stock had a trading volume of 100,070 shares. ILG has a 12 month low of $10.61 and a 12 month high of $18.81. The company has a 50 day moving average price of $18.23 and a 200-day moving average price of $17.29. The stock has a market cap of $2.25 billion and a PE ratio of 6.14.
ILG (NYSE:ILG) last issued its earnings results on Tuesday, November 8th. The company reported $0.39 earnings per share for the quarter, topping the consensus estimate of $0.26 by $0.13. The firm earned $418 million during the quarter, compared to the consensus estimate of $387 million. The company’s quarterly revenue was up 140.2% on a year-over-year basis. During the same period in the prior year, the company posted $0.32 EPS. On average, equities research analysts anticipate that ILG will post $1.53 earnings per share for the current year.
The company also recently announced a quarterly dividend, which was paid on Tuesday, December 20th. Investors of record on Tuesday, December 6th were issued a $0.12 dividend. This represents a $0.48 annualized dividend and a yield of 2.68%. The ex-dividend date was Friday, December 2nd.
An institutional investor recently bought a new position in ILG stock. NN Investment Partners Holdings N.V. purchased a new stake in ILG Inc (NYSE:ILG) during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 32,415 shares of the company’s stock, valued at approximately $589,000.
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