ILG Inc (NASDAQ:ILG) issued its earnings results on Tuesday. The company reported $0.48 earnings per share for the quarter, beating analysts’ consensus estimates of $0.35 by $0.13. The company had revenue of $455 million for the quarter, compared to the consensus estimate of $475.52 million. ILG had a return on equity of 11.91% and a net margin of 23.40%. The business’s quarterly revenue was up 175.8% compared to the same quarter last year.
ILG (NASDAQ:ILG) traded up 1.39% during trading on Friday, reaching $21.19. The company had a trading volume of 2,211,075 shares. The company has a market capitalization of $2.64 billion, a PE ratio of 8.15 and a beta of 1.56. The company has a 50 day moving average price of $18.93 and a 200 day moving average price of $17.90. ILG has a 52-week low of $11.79 and a 52-week high of $21.31.
The company also recently disclosed a quarterly dividend, which was paid on Tuesday, March 28th. Investors of record on Tuesday, March 14th were issued a $0.15 dividend. The ex-dividend date of this dividend was Friday, March 10th. This represents a $0.60 dividend on an annualized basis and a yield of 2.83%. This is an increase from ILG’s previous quarterly dividend of $0.12. ILG’s dividend payout ratio is currently 17.71%.
A number of equities analysts have recently weighed in 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 target price on the stock. Oppenheimer Holdings Inc. reiterated an “outperform” rating on shares of ILG in a report on Tuesday, December 20th. Finally, Zacks Investment Research downgraded ILG from a “hold” rating to a “sell” rating in a report on Thursday, March 2nd. One research analyst has rated the stock with a sell rating and four have issued a buy rating to the stock. The company currently has an average rating of “Buy” and a consensus target price of $23.00.
In other ILG news, SVP Marie A. Lee sold 7,000 shares of the firm’s stock in a transaction dated Tuesday, March 7th. The stock was sold at an average price of $18.36, for a total transaction of $128,520.00. Following the transaction, the senior vice president now owns 9,300 shares in the company, valued at $170,748. The sale was disclosed in a document filed with the SEC, which is available through this link. 1.70% of the stock is currently owned by company insiders.
Institutional investors have recently added to or reduced their stakes in the stock. Paradigm Asset Management Co. LLC purchased a new stake in shares of ILG during the fourth quarter worth about $129,000. Gideon Capital Advisors Inc. purchased a new stake in shares of ILG during the fourth quarter worth about $193,000. First Republic Investment Management Inc. purchased a new stake in shares of ILG during the fourth quarter worth about $353,000. Guggenheim Capital LLC purchased a new stake in shares of ILG during the fourth quarter worth about $368,000. Finally, Envestnet Asset Management Inc. purchased a new stake in shares of ILG during the fourth quarter worth about $411,000. Institutional investors and hedge funds own 71.26% of the company’s stock.
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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