Wall Street analysts forecast that ILG Inc (NASDAQ:ILG) will post earnings of $0.31 per share for the current quarter, Zacks reports. Four analysts have provided estimates for ILG’s earnings. The highest EPS estimate is $0.32 and the lowest is $0.30. ILG reported earnings of $0.41 per share during the same quarter last year, which indicates a negative year-over-year growth rate of 24.4%. The company is scheduled to issue its next earnings results after the market closes on Thursday, May 4th.
On average, analysts expect that ILG will report full-year earnings of $1.12 per share for the current fiscal year, with EPS estimates ranging from $1.11 to $1.14. For the next financial year, analysts forecast that the business will report earnings of $1.28 per share, with EPS estimates ranging from $1.25 to $1.31. Zacks Investment Research’s EPS calculations are a mean average based on a survey of sell-side research firms that follow ILG.
ILG (NASDAQ:ILG) last issued its quarterly earnings results on Tuesday, February 28th. The business services provider reported $0.48 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.35 by $0.13. ILG had a return on equity of 11.91% and a net margin of 23.40%. The firm earned $455 million during the quarter, compared to analysts’ expectations of $475.52 million. The firm’s revenue was up 175.8% compared to the same quarter last year.
A number of equities analysts recently issued reports on ILG shares. Janney Montgomery Scott started coverage on ILG in a report on Monday, January 30th. They issued a “buy” rating and a $24.00 price objective for the company. Zacks Investment Research lowered ILG from a “buy” rating to a “hold” rating in a report on Tuesday, January 10th. CIBC increased their price objective on ILG from $22.00 to $26.00 and gave the stock an “outperform” rating in a report on Monday, April 24th. Finally, Oppenheimer Holdings Inc. reissued an “outperform” rating and issued a $26.00 price objective (up from $22.00) on shares of ILG in a report on Friday, April 21st. One equities research analyst has rated the stock with a sell rating and five have issued a buy rating to the company. The stock has an average rating of “Buy” and an average price target of $24.40.
In other ILG news, SVP Marie A. Lee sold 7,000 shares of the stock in a transaction on Tuesday, March 7th. The stock was sold at an average price of $18.36, for a total transaction of $128,520.00. Following the completion of the transaction, the senior vice president now directly owns 9,300 shares of the company’s stock, valued at approximately $170,748. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Company insiders own 1.70% of the company’s stock.
A number of institutional investors have recently modified their holdings of the stock. State of Alaska Department of Revenue raised its position in shares of ILG by 1.9% in the first quarter. State of Alaska Department of Revenue now owns 11,730 shares of the business services provider’s stock worth $245,000 after buying an additional 220 shares during the last quarter. Louisiana State Employees Retirement System raised its position in shares of ILG by 1.2% in the first quarter. Louisiana State Employees Retirement System now owns 43,100 shares of the business services provider’s stock worth $903,000 after buying an additional 500 shares during the last quarter. Bank of Montreal Can raised its position in shares of ILG by 1.5% in the first quarter. Bank of Montreal Can now owns 137,653 shares of the business services provider’s stock worth $2,885,000 after buying an additional 1,991 shares during the last quarter. Strs Ohio raised its position in shares of ILG by 63.6% in the first quarter. Strs Ohio now owns 5,401 shares of the business services provider’s stock worth $113,000 after buying an additional 2,100 shares during the last quarter. Finally, Paradigm Asset Management Co. LLC purchased a new position in shares of ILG during the fourth quarter worth about $129,000. 71.26% of the stock is owned by hedge funds and other institutional investors.
TRADEMARK VIOLATION NOTICE: “$0.31 Earnings Per Share Expected for ILG Inc (ILG) This Quarter” was posted by Sports Perspectives and is the property of of Sports Perspectives. If you are reading this piece on another site, it was illegally stolen and reposted in violation of US & international trademark and copyright laws. The original version of this piece can be read at https://sportsperspectives.com/2017/05/20/0-31-earnings-per-share-expected-for-ilg-inc-ilg-this-quarter-updated-updated.html.
Shares of ILG (NASDAQ:ILG) traded down 1.83% during mid-day trading on Thursday, hitting $24.11. The company had a trading volume of 1,905,949 shares. The firm has a 50-day moving average price of $20.88 and a 200 day moving average price of $18.74. ILG has a 12 month low of $11.79 and a 12 month high of $24.82. The firm has a market capitalization of $3.00 billion, a P/E ratio of 9.27 and a beta of 1.56.
ILG Company Profile
ILG, Inc, formerly Interval Leisure Group, Inc, is a provider of professionally delivered vacation experiences. The Company is a global licensee for the Hyatt, Westin and Sheraton brands in vacation ownership. The Company operates through two segments: Exchange and Rental, and Vacation Ownership. Its Exchange and Rental segment offers access to vacation accommodations and other travel-related transactions and services to leisure travelers, by providing vacation exchange services and vacation rental, working with resort developers and operating vacation rental properties.
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for ILG Inc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for ILG Inc and related companies with MarketBeat.com's FREE daily email newsletter.