$430.50 Million in Sales Expected for Interactive Brokers Group, Inc. (IBKR) This Quarter
Wall Street analysts expect Interactive Brokers Group, Inc. (NASDAQ:IBKR) to post $430.50 million in sales for the current fiscal quarter, according to Zacks. Two analysts have provided estimates for Interactive Brokers Group’s earnings, with the highest sales estimate coming in at $432.00 million and the lowest estimate coming in at $429.00 million. Interactive Brokers Group posted sales of $374.00 million in the same quarter last year, which suggests a positive year-over-year growth rate of 15.1%. The firm is expected to announce its next earnings report on Tuesday, April 17th.
On average, analysts expect that Interactive Brokers Group will report full year sales of $430.50 million for the current year, with estimates ranging from $1.79 billion to $1.84 billion. For the next financial year, analysts expect that the company will report sales of $2.11 billion per share, with estimates ranging from $2.00 billion to $2.21 billion. Zacks’ sales averages are an average based on a survey of sell-side research firms that follow Interactive Brokers Group.
Interactive Brokers Group (NASDAQ:IBKR) last issued its quarterly earnings data on Tuesday, January 16th. The financial services provider reported $0.43 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.36 by $0.07. The company had revenue of $515.00 million for the quarter, compared to analyst estimates of $398.05 million. Interactive Brokers Group had a return on equity of 1.74% and a net margin of 3.94%. The business’s quarterly revenue was up 166.8% compared to the same quarter last year. During the same quarter last year, the company posted $0.07 earnings per share.
Interactive Brokers Group (NASDAQ:IBKR) opened at $63.87 on Wednesday. The stock has a market capitalization of $26,217.44, a PE ratio of 59.69, a price-to-earnings-growth ratio of 3.07 and a beta of 1.05. Interactive Brokers Group has a twelve month low of $33.01 and a twelve month high of $67.42.
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, March 14th. Stockholders of record on Thursday, March 1st will be paid a dividend of $0.10 per share. The ex-dividend date of this dividend is Wednesday, February 28th. This represents a $0.40 annualized dividend and a dividend yield of 0.63%. Interactive Brokers Group’s dividend payout ratio (DPR) is 37.38%.
In other news, Vice Chairman Earl H. Nemser sold 32,000 shares of the stock in a transaction dated Monday, January 22nd. The shares were sold at an average price of $62.80, for a total transaction of $2,009,600.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 3.41% of the stock is currently owned by corporate insiders.
A number of large investors have recently made changes to their positions in the stock. Alliancebernstein L.P. lifted its position in Interactive Brokers Group by 0.6% in the second quarter. Alliancebernstein L.P. now owns 34,504 shares of the financial services provider’s stock valued at $1,291,000 after purchasing an additional 196 shares during the period. The Manufacturers Life Insurance Company lifted its position in Interactive Brokers Group by 27.9% in the second quarter. The Manufacturers Life Insurance Company now owns 2,966 shares of the financial services provider’s stock valued at $111,000 after purchasing an additional 647 shares during the period. Amalgamated Bank lifted its position in Interactive Brokers Group by 10.5% in the fourth quarter. Amalgamated Bank now owns 8,359 shares of the financial services provider’s stock valued at $495,000 after purchasing an additional 793 shares during the period. LS Investment Advisors LLC lifted its position in Interactive Brokers Group by 34.3% in the fourth quarter. LS Investment Advisors LLC now owns 3,300 shares of the financial services provider’s stock valued at $195,000 after purchasing an additional 843 shares during the period. Finally, California Public Employees Retirement System lifted its position in Interactive Brokers Group by 1.0% in the second quarter. California Public Employees Retirement System now owns 88,500 shares of the financial services provider’s stock valued at $3,312,000 after purchasing an additional 900 shares during the period. Hedge funds and other institutional investors own 15.74% of the company’s stock.
Interactive Brokers Group Company Profile
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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