Interactive Brokers Group (NASDAQ:IBKR) Announces Earnings Results, Misses Estimates By $0.03 EPS

Interactive Brokers Group (NASDAQ:IBKR) issued its quarterly earnings results on Tuesday. The financial services provider reported $1.75 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.78 by ($0.03), Yahoo Finance reports. Interactive Brokers Group had a return on equity of 4.88% and a net margin of 7.88%. During the same period in the previous year, the company posted $1.55 EPS.

Interactive Brokers Group Price Performance

Interactive Brokers Group stock opened at $152.98 on Wednesday. The firm has a 50 day simple moving average of $130.77 and a 200-day simple moving average of $123.74. The stock has a market cap of $64.41 billion, a price-to-earnings ratio of 26.15, a price-to-earnings-growth ratio of 1.34 and a beta of 0.80. Interactive Brokers Group has a 1-year low of $72.60 and a 1-year high of $154.75.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on IBKR shares. Keefe, Bruyette & Woods cut shares of Interactive Brokers Group from an “outperform” rating to a “market perform” rating and upped their price objective for the stock from $128.00 to $135.00 in a research report on Thursday, July 11th. UBS Group boosted their price objective on Interactive Brokers Group from $155.00 to $170.00 and gave the stock a “buy” rating in a research note on Tuesday, October 8th. Piper Sandler raised their target price on Interactive Brokers Group from $140.00 to $163.00 and gave the company an “overweight” rating in a research report on Tuesday, October 8th. Jefferies Financial Group increased their price objective on Interactive Brokers Group from $152.00 to $165.00 and gave the company a “buy” rating in a research note on Friday, October 4th. Finally, Barclays lifted their target price on shares of Interactive Brokers Group from $147.00 to $166.00 and gave the stock an “overweight” rating in a research note on Monday, October 7th. One analyst has rated the stock with a hold rating and eight have assigned a buy rating to the stock. Based on data from MarketBeat, Interactive Brokers Group currently has an average rating of “Moderate Buy” and a consensus price target of $143.11.

About Interactive Brokers Group

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.