Interactive Brokers Group (IEX:IBKR) Issues Earnings Results, Misses Estimates By $0.05 EPS
Interactive Brokers Group (IEX:IBKR) issued its quarterly earnings data on Tuesday. The financial services provider reported $0.43 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.48 by ($0.05), Fidelity Earnings reports. The company had revenue of $413.00 million during the quarter, compared to analyst estimates of $509.00 million.
Shares of IEX:IBKR opened at $49.10 on Thursday. Interactive Brokers Group has a one year low of $47.13 and a one year high of $80.32. The firm’s fifty day moving average is $53.26.
A number of equities analysts recently issued reports on the company. Compass Point set a $52.00 price objective on E*TRADE Financial and gave the stock a “buy” rating in a report on Tuesday, July 2nd. Zacks Investment Research lowered HANNOVER RUECK/S from a “hold” rating to a “sell” rating in a report on Monday, April 22nd. Two research analysts have rated the stock with a sell rating and four have given a hold rating to the stock. The company presently has an average rating of “Hold” and a consensus price target of $57.75.
Interactive Brokers Group, Inc operates as an automated electronic broker in approximately 120 electronic exchanges and market centers worldwide. It specializes in executing and clearing trades in securities, futures, foreign exchange instruments, bonds, and mutual funds. The company custodies and services accounts for hedge and mutual funds, registered investment advisors, proprietary trading groups, introducing brokers, and individual investors.
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