IAC Reports Quarterly Earnings Surpassing Expectations with $2.87 EPS Increase

IAC (NASDAQ:IAC) announced its latest quarterly financial results, revealing an earnings per share (EPS) of $2.57. This figure significantly exceeded the consensus forecast of a negative $0.30 by $2.87. Following the earnings release, the company's stock price rose by 1.8%, closing at $39.52. Market analysts have adjusted their price targets for IAC, with an average goal of $54.08 and most rating it as a "Moderate Buy." On Monday, IAC's shares gained $0.69, reaching $39.52, with over 1.57 million shares traded. The company maintains a current ratio of 2.70 and a debt-to-equity ratio of 0.30, with a market capitalization of approximately $2.93 billion. Despite a negative return on equity of 11.11% and a net margin of -23.25%, investor confidence appears to be steady. Several prominent investment firms have recently adjusted their outlooks and holdings in IAC. Cowen reaffirmed a "Buy" rating, while KeyCorp and JPMorgan Chase lowered their price targets to $49.00 and $45.00, respectively. Goldman Sachs and JMP Securities also revised their targets downward but maintained positive ratings. Institutional investors have increased their stakes, with Focus Partners Wealth and Goldman S...