Interactive Brokers Group (IBKR) to Release Earnings on Monday

Interactive Brokers Group (NASDAQ:IBKR) will be posting its quarterly earnings results after the market closes on Monday, January 15th. Analysts expect Interactive Brokers Group to post earnings of $0.36 per share for the quarter.

Interactive Brokers Group (NASDAQ:IBKR) last posted its quarterly earnings data on Tuesday, October 17th. The financial services provider reported $0.43 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.38 by $0.05. The business had revenue of $426.00 million during the quarter, compared to the consensus estimate of $382.85 million. Interactive Brokers Group had a return on equity of 1.35% and a net margin of 5.29%. The company’s revenue was up 23.5% compared to the same quarter last year. During the same period in the prior year, the company earned $0.30 earnings per share. On average, analysts expect Interactive Brokers Group to post $1 EPS for the current fiscal year and $2 EPS for the next fiscal year.

Shares of Interactive Brokers Group (IBKR) opened at $63.10 on Friday. The firm has a market capitalization of $25,980.00, a P/E ratio of 54.40, a PEG ratio of 3.33 and a beta of 1.02. Interactive Brokers Group has a fifty-two week low of $33.01 and a fifty-two week high of $63.16.

In related news, CAO Denis Mendonca sold 1,156 shares of the stock in a transaction on Friday, October 20th. The stock was sold at an average price of $49.50, for a total transaction of $57,222.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Vice Chairman Earl H. Nemser sold 1,290 shares of the stock in a transaction on Thursday, October 26th. The stock was sold at an average price of $51.34, for a total value of $66,228.60. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 438,338 shares of company stock valued at $22,604,165. Corporate insiders own 3.41% of the company’s stock.

A hedge fund recently raised its stake in Interactive Brokers Group stock. The Manufacturers Life Insurance Company increased its stake in shares of Interactive Brokers Group, Inc. (NASDAQ:IBKR) by 27.9% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 2,966 shares of the financial services provider’s stock after purchasing an additional 647 shares during the quarter. The Manufacturers Life Insurance Company ‘s holdings in Interactive Brokers Group were worth $111,000 as of its most recent SEC filing. Hedge funds and other institutional investors own 15.79% of the company’s stock.

Several equities research analysts have recently weighed in on the company. Zacks Investment Research raised Interactive Brokers Group from a “hold” rating to a “buy” rating and set a $47.00 price objective for the company in a report on Tuesday, September 19th. Goldman Sachs Group downgraded Interactive Brokers Group from a “neutral” rating to a “sell” rating and set a $59.00 price objective for the company. in a report on Monday, January 8th. BidaskClub downgraded Interactive Brokers Group from a “buy” rating to a “hold” rating in a report on Thursday, January 4th. Finally, SunTrust Banks increased their price objective on Interactive Brokers Group to $48.00 and gave the company an “average” rating in a report on Wednesday, October 18th. Two research analysts have rated the stock with a sell rating, five have assigned a hold rating and one has assigned a strong buy rating to the company. Interactive Brokers Group presently has an average rating of “Hold” and a consensus target price of $48.33.

ILLEGAL ACTIVITY WARNING: “Interactive Brokers Group (IBKR) to Release Earnings on Monday” was first published by Week Herald and is the property of of Week Herald. If you are accessing this story on another site, it was copied illegally and republished in violation of US & international trademark & copyright law. The correct version of this story can be read at https://weekherald.com/2018/01/14/interactive-brokers-group-ibkr-to-release-earnings-on-monday.html.

About Interactive Brokers Group

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.

Earnings History for Interactive Brokers Group (NASDAQ:IBKR)

Receive News & Ratings for Interactive Brokers Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Interactive Brokers Group and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply