IRSA Inversiones y Representaciones Sociedad Anónima (NYSE:IRS) Announces Quarterly Earnings Results

IRSA Inversiones y Representaciones Sociedad Anónima (NYSE:IRS) issued its earnings results on Friday. The financial services provider reported $0.92 EPS for the quarter, Zacks reports. IRSA Inversiones y Representaciones Sociedad Anónima had a positive return on equity of 8.91% and a negative net margin of 79.31%.

IRSA Inversiones y Representaciones Sociedad Anónima Stock Performance

IRS opened at $13.02 on Friday. IRSA Inversiones y Representaciones Sociedad Anónima has a fifty-two week low of $7.10 and a fifty-two week high of $17.67. The company has a debt-to-equity ratio of 0.15, a quick ratio of 0.93 and a current ratio of 0.93. The firm has a 50-day moving average of $15.62 and a 200 day moving average of $13.20.

IRSA Inversiones y Representaciones Sociedad Anónima Increases Dividend

The firm also recently declared a — dividend, which was paid on Monday, December 9th. Investors of record on Friday, November 29th were issued a dividend of $3.60 per share. This is a positive change from IRSA Inversiones y Representaciones Sociedad Anónima’s previous — dividend of $1.02. The ex-dividend date was Friday, November 29th. IRSA Inversiones y Representaciones Sociedad Anónima’s dividend payout ratio (DPR) is -21.53%.

Analyst Upgrades and Downgrades

Separately, StockNews.com lowered shares of IRSA Inversiones y Representaciones Sociedad Anónima from a “buy” rating to a “hold” rating in a research note on Friday, November 8th.

IRSA Inversiones y Representaciones Sociedad Anónima Company Profile

IRSA Inversiones y Representaciones Sociedad Anónima, together with its subsidiaries, engages in the diversified real estate activities in Argentina. It operates through five segments: Shopping Malls, Offices, Hotels, Sales and Developments, and Others. The company is involved in the acquisition, development, and operation of shopping malls, office buildings, and other non-shopping mall properties primarily for rental purposes.