Interactive Brokers Group (IBKR) Set to Announce Quarterly Earnings on Tuesday

Interactive Brokers Group (NASDAQ:IBKR) will issue its quarterly earnings data after the market closes on Tuesday, October 15th. Analysts expect the company to announce earnings of $1.71 per share for the quarter. Parties that are interested in participating in the company’s conference call can do so using this link.

Interactive Brokers Group (NASDAQ:IBKR) last posted its quarterly earnings results on Tuesday, July 16th. The financial services provider reported $1.76 EPS for the quarter, topping the consensus estimate of $1.74 by $0.02. The business had revenue of $1.29 billion during the quarter, compared to analysts’ expectations of $1.27 billion. Interactive Brokers Group had a net margin of 7.88% and a return on equity of 4.88%. The firm’s quarterly revenue was up 21.2% compared to the same quarter last year. During the same period last year, the company posted $1.32 earnings per share. On average, analysts expect Interactive Brokers Group to post $7 EPS for the current fiscal year and $7 EPS for the next fiscal year.

Interactive Brokers Group Stock Performance

IBKR stock opened at $151.14 on Friday. The stock has a market cap of $63.64 billion, a P/E ratio of 25.84, a P/E/G ratio of 1.34 and a beta of 0.80. The firm has a 50 day simple moving average of $129.06 and a 200 day simple moving average of $123.09. Interactive Brokers Group has a 52 week low of $72.60 and a 52 week high of $151.36.

Interactive Brokers Group Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, September 13th. Shareholders of record on Friday, August 30th were paid a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 0.66%. The ex-dividend date was Friday, August 30th. Interactive Brokers Group’s dividend payout ratio (DPR) is presently 17.09%.

Analysts Set New Price Targets

A number of research firms have recently commented on IBKR. Barclays lifted their price target on shares of Interactive Brokers Group from $147.00 to $166.00 and gave the company an “overweight” rating in a research report on Monday, October 7th. Piper Sandler lifted their price target on shares of Interactive Brokers Group from $140.00 to $163.00 and gave the company an “overweight” rating in a research report on Tuesday, October 8th. Keefe, Bruyette & Woods lowered shares of Interactive Brokers Group from an “outperform” rating to a “market perform” rating and lifted their price target for the company from $128.00 to $135.00 in a research report on Thursday, July 11th. UBS Group lifted their price target on shares of Interactive Brokers Group from $155.00 to $170.00 and gave the company a “buy” rating in a research report on Tuesday, October 8th. Finally, Jefferies Financial Group boosted their target price on shares of Interactive Brokers Group from $152.00 to $165.00 and gave the stock a “buy” rating in a research report on Friday, October 4th. One research analyst has rated the stock with a hold rating and eight have given a buy rating to the company’s stock. According to MarketBeat, Interactive Brokers Group presently has an average rating of “Moderate Buy” and an average price target of $143.11.

About Interactive Brokers Group

Interactive Brokers Group, Inc operates as an automated electronic broker worldwide. The company engages in the execution, clearance, and settlement of trades in stocks, options, futures, foreign exchange instruments, bonds, mutual funds, exchange traded funds (ETFs), precious metals, and cryptocurrencies.