IAC (IAC) Set to Announce Quarterly Earnings on Monday

IAC (NASDAQ:IAC) is scheduled to be announcing its earnings results after the market closes on Monday, November 11th. Analysts expect the company to announce earnings of ($0.20) per share for the quarter. Investors that are interested in registering for the company’s conference call can do so using this link.

IAC Trading Down 1.7 %

NASDAQ IAC opened at $53.46 on Friday. The company has a debt-to-equity ratio of 0.29, a quick ratio of 2.68 and a current ratio of 2.68. The firm has a market cap of $4.29 billion, a price-to-earnings ratio of -24.08 and a beta of 1.33. The firm has a 50 day simple moving average of $52.24 and a 200-day simple moving average of $50.86. IAC has a one year low of $43.51 and a one year high of $58.29.

Analyst Upgrades and Downgrades

IAC has been the topic of several analyst reports. Citigroup reduced their target price on shares of IAC from $70.00 to $66.00 and set a “buy” rating on the stock in a report on Thursday, August 8th. Truist Financial lifted their price objective on shares of IAC from $87.00 to $88.00 and gave the stock a “buy” rating in a research report on Thursday, August 8th. Benchmark reissued a “buy” rating and issued a $110.00 target price on shares of IAC in a report on Tuesday, August 27th. UBS Group raised IAC to a “hold” rating in a report on Monday, October 28th. Finally, Barclays dropped their price objective on IAC from $73.00 to $70.00 and set an “overweight” rating on the stock in a report on Thursday, August 8th. Two equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. According to MarketBeat, IAC presently has a consensus rating of “Moderate Buy” and an average price target of $77.89.

IAC Company Profile

IAC Inc, together with its subsidiaries, operates as a media and internet company worldwide. The company publishes original and engaging digital content in the form of articles, illustrations, and videos and images across entertainment, food, home, beauty, travel, health, family, luxury, and fashion areas; and magazines related to women and lifestyle.