IRSA Inversiones Y Representaciones (NYSE:IRS) Issues Quarterly Earnings Results

Key Points

• IRSA reported quarterly earnings of $1.57 per share, along with a 67.46% net margin and 18.88% return on equity.
• Shares opened at $15.14, with a $1.28 billion market capitalization, a 4.38 price-to-earnings ratio, and a 52-week range of $10.87 to $19.14.
• Analysts maintain a consensus “Buy” rating and a $23.00 target price, while institutional investors own 45.46% of the stock; an insider recently sold 24,913 shares.

IRSA Inversiones Y Representaciones (NYSE:IRS - Get Free Report) issued its quarterly earnings data on Thursday. The financial services provider reported $1.57 earnings per share for the quarter, Zacks reports. IRSA Inversiones Y Representaciones had a net margin of 67.46% and a return on equity of 18.88%.

IRSA Inversiones Y Representaciones Price Performance

Shares of IRS opened at $15.14 on Friday. The company has a current ratio of 2.94, a quick ratio of 2.94 and a debt-to-equity ratio of 0.39. IRSA Inversiones Y Representaciones has a twelve month low of $10.87 and a twelve month high of $19.14. The firm has a market capitalization of $1.28 billion, a PE ratio of 4.38 and a beta of 1.30. The stock's 50 day moving average is $15.13 and its two-hundred day moving average is $15.22.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reissued a "hold (c)" rating on shares of IRSA Inversiones Y Representaciones in a research report on Friday, July 17th. One equities research analyst has rated the stock with a Strong Buy rating and one has given a Hold rating to the company. According to MarketBeat.com, the company currently has an average rating of "Buy" and a consensus target price of $23.00.

Insider Buying and Selling at IRSA Inversiones Y Representaciones

In other news, CIO Jorge Alberto Cruces sold 24,913 shares of the stock in a transaction dated Tuesday, June 30th. The shares were sold at an average price of $1.53, for a total value of $38,116.89. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 25.06% of the stock is currently owned by company insiders.

Institutional Trading of IRSA Inversiones Y Representaciones

A number of institutional investors have recently bought and sold shares of the company. Van ECK Associates Corp purchased a new stake in IRSA Inversiones Y Representaciones in the 3rd quarter valued at approximately $25,000. Brevan Howard Capital Management LP acquired a new stake in shares of IRSA Inversiones Y Representaciones during the 3rd quarter worth $130,000. Engineers Gate Manager LP purchased a new stake in shares of IRSA Inversiones Y Representaciones during the 2nd quarter worth about $148,000. Abel Hall LLC acquired a new position in shares of IRSA Inversiones Y Representaciones during the 4th quarter valued at $165,000. Finally, Verition Fund Management LLC increased its holdings in IRSA Inversiones Y Representaciones by 23.2% in the 3rd quarter. Verition Fund Management LLC now owns 16,721 shares of the financial services provider's stock valued at $198,000 after purchasing an additional 3,148 shares in the last quarter. 45.46% of the stock is currently owned by hedge funds and other institutional investors.

IRSA Inversiones Y Representaciones Company Profile

IRSA Inversiones y Representaciones SA NYSE: IRS is Argentina’s leading real estate company, specializing in the development, acquisition and management of commercial, office, residential and hospitality properties. The company’s core operations encompass the planning and operation of shopping centers, premium office towers in Buenos Aires, urban residential complexes and full-service hotels. IRSA leverages its extensive land bank and development expertise to create mixed-use destinations that cater to evolving urban lifestyles.

IRSA’s shopping center division features a portfolio of flagship malls in Argentina, complemented by its Mall Plaza platform, which develops and operates retail destinations in Chile, Peru and Colombia.

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