IAC/InterActiveCorp. (NASDAQ:IACI) recently announced the quarterly dividend on the 20th of October. The company said that the dividend would be paid at $0.24 per share on the 1st of December to its shareholders of record on the 15th of November. This brings the annual dividend to $0.96 and a dividend yield of 1.81 percent. Analysts have been keen to look at IACI shares in the recent past as quite a lot of analysts have looked at this company and its shares.
Deutsche bank analysts recently cut down their target price on the shares of IAC/InterActiveCorp from $66 to $55. In a research note, the analysts have put up a buy rating on the stock on Wednesday. Canaccord Genuity have also lowered the price on the shares of IAC/InterActiveCorp, bringing the share price down from $56 to $52. The rating issued by Canaccord Genuity for this stock is a hold. The analysts al Goldman Sachs Group have rated the stock as sell. The research note to investors was published on Wednesday by nearly all the analysts. Ten analysts have rated the stock a buy, one has rated it as a sell and six propose holding the stock. In the present day the stock for the company has an average targeted price of $59.91 and is rated as a buy.
IAC/InterActiveCorp revealed its latest earnings on the 29th of October reporting an EPS of $1.29 for the quarter which was higher than what estimates at Thomson Reuters of $0.95. The revenue for the company for the third quarter was at $756.87 million which was lower than estimates of $805.70 million. The company has improved as compared to last year as EPS for the same quarter was at $0.71.
