Zacks: Analysts Expect Interactive Brokers Group, Inc. (IBKR) to Announce $0.37 Earnings Per Share

Wall Street analysts expect Interactive Brokers Group, Inc. (NASDAQ:IBKR) to report earnings of $0.37 per share for the current fiscal quarter, according to Zacks Investment Research. Two analysts have provided estimates for Interactive Brokers Group’s earnings, with the lowest EPS estimate coming in at $0.35 and the highest estimate coming in at $0.39. Interactive Brokers Group posted earnings per share of $0.30 in the same quarter last year, which would indicate a positive year over year growth rate of 23.3%. The company is expected to announce its next quarterly earnings report after the market closes on Tuesday, October 17th.

On average, analysts expect that Interactive Brokers Group will report full year earnings of $1.54 per share for the current fiscal year. For the next financial year, analysts expect that the company will post earnings of $1.64 per share, with EPS estimates ranging from $1.57 to $1.70. Zacks’ EPS calculations are an average based on a survey of research firms that follow Interactive Brokers Group.

Interactive Brokers Group (NASDAQ:IBKR) last released its quarterly earnings results on Tuesday, July 18th. The financial services provider reported $0.32 earnings per share for the quarter, missing analysts’ consensus estimates of $0.37 by ($0.05). Interactive Brokers Group had a return on equity of 1.19% and a net margin of 4.97%. The firm had revenue of $387.00 million for the quarter, compared to analyst estimates of $377.65 million. During the same period last year, the company earned $0.40 EPS. The company’s revenue was up 4.9% compared to the same quarter last year.

IBKR has been the subject of several recent research reports. SunTrust Banks, Inc. restated a “hold” rating and set a $40.00 price objective on shares of Interactive Brokers Group in a report on Wednesday, October 4th. Zacks Investment Research upgraded Interactive Brokers Group from a “hold” rating to a “buy” rating and set a $42.00 price objective for the company in a report on Monday, July 10th. BidaskClub upgraded Interactive Brokers Group from a “hold” rating to a “buy” rating in a report on Tuesday, August 1st. Keefe, Bruyette & Woods restated a “hold” rating and set a $38.00 price objective on shares of Interactive Brokers Group in a report on Friday, June 30th. Finally, Rosenblatt Securities initiated coverage on Interactive Brokers Group in a report on Thursday, July 13th. They set a “neutral” rating and a $40.00 price objective for the company. One equities research analyst has rated the stock with a sell rating, five have given a hold rating, one has issued a buy rating and one has assigned a strong buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus target price of $40.33.

In related news, insider Thomas Aj Frank sold 16,751 shares of Interactive Brokers Group stock in a transaction that occurred on Wednesday, August 9th. The stock was sold at an average price of $40.30, for a total transaction of $675,065.30. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Vice Chairman Earl H. Nemser sold 1,657 shares of Interactive Brokers Group stock in a transaction that occurred on Thursday, August 3rd. The shares were sold at an average price of $40.42, for a total value of $66,975.94. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 824,188 shares of company stock worth $35,132,528. 3.41% of the stock is owned by insiders.

Several large investors have recently made changes to their positions in the stock. BlackRock Inc. boosted its position in shares of Interactive Brokers Group by 75,132.1% during the first quarter. BlackRock Inc. now owns 6,629,451 shares of the financial services provider’s stock valued at $230,176,000 after buying an additional 6,620,639 shares during the last quarter. Baillie Gifford & Co. boosted its position in Interactive Brokers Group by 3.8% in the second quarter. Baillie Gifford & Co. now owns 5,941,025 shares of the financial services provider’s stock worth $222,313,000 after purchasing an additional 215,591 shares during the last quarter. Vanguard Group Inc. boosted its position in Interactive Brokers Group by 1.0% in the second quarter. Vanguard Group Inc. now owns 5,882,768 shares of the financial services provider’s stock worth $220,132,000 after purchasing an additional 60,630 shares during the last quarter. Bares Capital Management Inc. boosted its position in Interactive Brokers Group by 24.4% in the first quarter. Bares Capital Management Inc. now owns 4,014,605 shares of the financial services provider’s stock worth $139,387,000 after purchasing an additional 788,086 shares during the last quarter. Finally, TPG Group Holdings SBS Advisors Inc. boosted its position in Interactive Brokers Group by 7.4% in the second quarter. TPG Group Holdings SBS Advisors Inc. now owns 2,344,251 shares of the financial services provider’s stock worth $87,722,000 after purchasing an additional 162,435 shares during the last quarter. 15.01% of the stock is currently owned by institutional investors.

Interactive Brokers Group (NASDAQ:IBKR) traded up 0.48% during trading on Monday, reaching $47.68. The company’s stock had a trading volume of 193,209 shares. Interactive Brokers Group has a 12 month low of $31.97 and a 12 month high of $48.15. The company’s 50-day moving average is $43.18 and its 200-day moving average is $38.26. The stock has a market cap of $3.41 billion, a PE ratio of 46.56 and a beta of 0.95.

The business also recently announced a quarterly dividend, which was paid on Thursday, September 14th. Investors of record on Friday, September 1st were given a dividend of $0.10 per share. The ex-dividend date was Wednesday, August 30th. This represents a $0.40 annualized dividend and a dividend yield of 0.84%. Interactive Brokers Group’s payout ratio is 38.84%.

COPYRIGHT VIOLATION NOTICE: “Zacks: Analysts Expect Interactive Brokers Group, Inc. (IBKR) to Announce $0.37 Earnings Per Share” was reported by The Ledger Gazette and is owned by of The Ledger Gazette. If you are viewing this story on another publication, it was illegally copied and republished in violation of U.S. & international copyright & trademark law. The legal version of this story can be viewed at https://ledgergazette.com/2017/10/09/zacks-analysts-expect-interactive-brokers-group-inc-ibkr-to-announce-0-37-earnings-per-share.html.

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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On average, analysts expect that Interactive Brokers Group will report full year earnings of $1.54 per share for the current fiscal year. For the next financial year, analysts expect that the company will post earnings of $1.64 per share, with EPS estimates ranging from $1.57 to $1.70. Zacks’ EPS calculations are an average based on a survey of research firms that follow Interactive Brokers Group.

Interactive Brokers Group (NASDAQ:IBKR) last released its quarterly earnings results on Tuesday, July 18th. The financial services provider reported $0.32 earnings per share for the quarter, missing analysts’ consensus estimates of $0.37 by ($0.05). Interactive Brokers Group had a return on equity of 1.19% and a net margin of 4.97%. The firm had revenue of $387.00 million for the quarter, compared to analyst estimates of $377.65 million. During the same period last year, the company earned $0.40 EPS. The company’s revenue was up 4.9% compared to the same quarter last year.

IBKR has been the subject of several recent research reports. SunTrust Banks, Inc. restated a “hold” rating and set a $40.00 price objective on shares of Interactive Brokers Group in a report on Wednesday, October 4th. Zacks Investment Research upgraded Interactive Brokers Group from a “hold” rating to a “buy” rating and set a $42.00 price objective for the company in a report on Monday, July 10th. BidaskClub upgraded Interactive Brokers Group from a “hold” rating to a “buy” rating in a report on Tuesday, August 1st. Keefe, Bruyette & Woods restated a “hold” rating and set a $38.00 price objective on shares of Interactive Brokers Group in a report on Friday, June 30th. Finally, Rosenblatt Securities initiated coverage on Interactive Brokers Group in a report on Thursday, July 13th. They set a “neutral” rating and a $40.00 price objective for the company. One equities research analyst has rated the stock with a sell rating, five have given a hold rating, one has issued a buy rating and one has assigned a strong buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus target price of $40.33.

In related news, insider Thomas Aj Frank sold 16,751 shares of Interactive Brokers Group stock in a transaction that occurred on Wednesday, August 9th. The stock was sold at an average price of $40.30, for a total transaction of $675,065.30. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Vice Chairman Earl H. Nemser sold 1,657 shares of Interactive Brokers Group stock in a transaction that occurred on Thursday, August 3rd. The shares were sold at an average price of $40.42, for a total value of $66,975.94. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 824,188 shares of company stock worth $35,132,528. 3.41% of the stock is owned by insiders.

Several large investors have recently made changes to their positions in the stock. BlackRock Inc. boosted its position in shares of Interactive Brokers Group by 75,132.1% during the first quarter. BlackRock Inc. now owns 6,629,451 shares of the financial services provider’s stock valued at $230,176,000 after buying an additional 6,620,639 shares during the last quarter. Baillie Gifford & Co. boosted its position in Interactive Brokers Group by 3.8% in the second quarter. Baillie Gifford & Co. now owns 5,941,025 shares of the financial services provider’s stock worth $222,313,000 after purchasing an additional 215,591 shares during the last quarter. Vanguard Group Inc. boosted its position in Interactive Brokers Group by 1.0% in the second quarter. Vanguard Group Inc. now owns 5,882,768 shares of the financial services provider’s stock worth $220,132,000 after purchasing an additional 60,630 shares during the last quarter. Bares Capital Management Inc. boosted its position in Interactive Brokers Group by 24.4% in the first quarter. Bares Capital Management Inc. now owns 4,014,605 shares of the financial services provider’s stock worth $139,387,000 after purchasing an additional 788,086 shares during the last quarter. Finally, TPG Group Holdings SBS Advisors Inc. boosted its position in Interactive Brokers Group by 7.4% in the second quarter. TPG Group Holdings SBS Advisors Inc. now owns 2,344,251 shares of the financial services provider’s stock worth $87,722,000 after purchasing an additional 162,435 shares during the last quarter. 15.01% of the stock is currently owned by institutional investors.

Interactive Brokers Group (NASDAQ:IBKR) traded up 0.48% during trading on Monday, reaching $47.68. The company’s stock had a trading volume of 193,209 shares. Interactive Brokers Group has a 12 month low of $31.97 and a 12 month high of $48.15. The company’s 50-day moving average is $43.18 and its 200-day moving average is $38.26. The stock has a market cap of $3.41 billion, a PE ratio of 46.56 and a beta of 0.95.

The business also recently announced a quarterly dividend, which was paid on Thursday, September 14th. Investors of record on Friday, September 1st were given a dividend of $0.10 per share. The ex-dividend date was Wednesday, August 30th. This represents a $0.40 annualized dividend and a dividend yield of 0.84%. Interactive Brokers Group’s payout ratio is 38.84%.

COPYRIGHT VIOLATION NOTICE: “Zacks: Analysts Expect Interactive Brokers Group, Inc. (IBKR) to Announce $0.37 Earnings Per Share” was reported by The Ledger Gazette and is owned by of The Ledger Gazette. If you are viewing this story on another publication, it was illegally copied and republished in violation of U.S. & international copyright & trademark law. The legal version of this story can be viewed at https://ledgergazette.com/2017/10/09/zacks-analysts-expect-interactive-brokers-group-inc-ibkr-to-announce-0-37-earnings-per-share.html.

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.

Get a free copy of the Zacks research report on Interactive Brokers Group (IBKR)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Earnings History and Estimates for Interactive Brokers Group (NASDAQ:IBKR)

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