IAC/InterActiveCorp (NASDAQ:IACI) Declared Quarterly Dividend

Boston, MA 11/01/2013 (wallstreetpr) – IAC/InterActiveCorp (NASDAQ:IACI) announced the quarterly dividend recently on October 20, 2013. The company said that on December 1, 2013, the dividend would be paid at $0.24 per share to the shareholders of IAC/InterActiveCorp who are on the record of November 15, 2013. Thus, the annual dividend comes to $0.96 and a dividend yield of 1.81%. In the recent past, the analysts have been keen to look at the shares of the company and quite a lot of analysts have taken a look at this company and its shares.

Analysts at Deutsche bank cut down their target price recently on the shares of IAC/InterActiveCorp to $55 from $66. On Wednesday, the analysts put up a “buy” rating on the stock in a research note. The price on the shares of the company have also been lowered by Canaccord Genuity which has resulted in bringing the price of the share down from $56 to $52. Canaccord Genuity has issued the rating for this stock as “hold.”

The rating issued by the analysts at Goldman Sachs Group for this stock is ‘sell’. On Wednesday, the research note was published by nearly all the analysts to the investors. About 6 analysts have proposed holding the stock, around 10 analysts have rated the stock a “buy,” and 1 analyst has issued a “sell” rating for the stock. The stock for the company on the present day is rated as a “buy” and has an average targeted price of $59.91.

The latest earnings of the company were revealed recently that showed an EPS of $1.29 for the quarter. For the 3Q, the revenue for the company was at $756.87 million. This was lower than the $805.70 million estimated. Operating income for the quarter was $122 million, while in the previous year, it was $78 million. Total revenues for the quarter grew 5.6%.

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Published by Steve Hackney

Steve Hackney is a corporate finance professional with over 14 years of experience in cash management and investing. He earned a Bachelor of Science in Finance from Florida State University and holds a Certified Treasury Professional certification. Steve lives in Orlando, Florida with his family.

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