$0.31 Earnings Per Share Expected for ILG Inc (ILG) This Quarter

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.

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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.

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