Interactive Brokers Group (IBKR) Expected to Announce Earnings on Tuesday

Interactive Brokers Group (NASDAQ:IBKR) will likely be announcing its earnings results after the market closes on Tuesday, April 15th. Analysts expect the company to announce earnings of $1.88 per share and revenue of $1.37 billion for the quarter. Parties that are interested in registering for the company’s conference call can do so using this link.

Interactive Brokers Group (NASDAQ:IBKR) last announced its earnings results on Tuesday, January 21st. The financial services provider reported $2.03 earnings per share for the quarter, beating analysts’ consensus estimates of $1.81 by $0.22. Interactive Brokers Group had a net margin of 9.25% and a return on equity of 5.00%. The firm had revenue of $1.39 billion for the quarter, compared to analyst estimates of $1.37 billion. During the same quarter in the previous year, the firm posted $1.52 EPS. The company’s revenue for the quarter was up 21.8% compared to the same quarter last year. On average, analysts expect Interactive Brokers Group to post $7 EPS for the current fiscal year and $8 EPS for the next fiscal year.

Interactive Brokers Group Price Performance

IBKR stock opened at $171.35 on Friday. Interactive Brokers Group has a 1 year low of $103.69 and a 1 year high of $236.53. The firm has a 50-day moving average of $190.12 and a 200 day moving average of $180.66. The company has a market cap of $72.41 billion, a P/E ratio of 24.27, a PEG ratio of 1.59 and a beta of 1.02.

Interactive Brokers Group Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, March 14th. Stockholders of record on Friday, February 28th were given a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 0.58%. The ex-dividend date was Friday, February 28th. Interactive Brokers Group’s dividend payout ratio is currently 14.16%.

Insider Activity at Interactive Brokers Group

In other Interactive Brokers Group news, Director Jill Bright acquired 135 shares of the company’s stock in a transaction that occurred on Friday, January 31st. The shares were bought at an average cost of $219.51 per share, with a total value of $29,633.85. Following the completion of the transaction, the director now directly owns 2,476 shares of the company’s stock, valued at approximately $543,506.76. This represents a 5.77 % increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. 2.99% of the stock is owned by insiders.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on IBKR shares. Barclays reduced their price target on Interactive Brokers Group from $231.00 to $188.00 and set an “overweight” rating on the stock in a research note on Monday, April 7th. Keefe, Bruyette & Woods increased their price target on shares of Interactive Brokers Group from $190.00 to $195.00 and gave the stock a “market perform” rating in a research note on Monday, January 13th. Citigroup dropped their price objective on shares of Interactive Brokers Group from $242.00 to $215.00 and set a “buy” rating on the stock in a research note on Wednesday, April 2nd. UBS Group raised their target price on shares of Interactive Brokers Group from $225.00 to $265.00 and gave the company a “buy” rating in a research note on Monday, January 27th. Finally, Piper Sandler dropped their price target on Interactive Brokers Group from $210.00 to $192.00 and set an “overweight” rating on the stock in a research report on Tuesday, April 8th. Two research analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. According to data from MarketBeat, Interactive Brokers Group has a consensus rating of “Moderate Buy” and a consensus target price of $195.88.

Interactive Brokers Group Company Profile

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.