Interactive Brokers Group (NASDAQ:IBKR) Releases Quarterly Earnings Results, Beats Estimates By $0.22 EPS

Interactive Brokers Group (NASDAQ:IBKR) released its quarterly earnings results on Tuesday. The financial services provider reported $2.03 EPS for the quarter, topping the consensus estimate of $1.81 by $0.22, Briefing.com reports. The business had revenue of $1.39 billion during the quarter, compared to analyst estimates of $1,372,590.34 billion. Interactive Brokers Group had a net margin of 7.89% and a return on equity of 4.83%. The company’s quarterly revenue was up 21.8% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.52 earnings per share.

Interactive Brokers Group Stock Up 1.4 %

Shares of IBKR stock opened at $192.83 on Wednesday. The stock has a 50-day simple moving average of $184.08 and a 200 day simple moving average of $151.45. Interactive Brokers Group has a fifty-two week low of $88.22 and a fifty-two week high of $194.87. The stock has a market capitalization of $81.47 billion, a P/E ratio of 29.44, a P/E/G ratio of 1.38 and a beta of 0.87.

Wall Street Analysts Forecast Growth

IBKR has been the subject of several recent analyst reports. Jefferies Financial Group upped their target price on shares of Interactive Brokers Group from $152.00 to $165.00 and gave the stock a “buy” rating in a research report on Friday, October 4th. Piper Sandler increased their price objective on Interactive Brokers Group from $163.00 to $200.00 and gave the stock an “overweight” rating in a report on Tuesday, January 7th. UBS Group lifted their target price on Interactive Brokers Group from $155.00 to $170.00 and gave the company a “buy” rating in a research note on Tuesday, October 8th. The Goldman Sachs Group increased their price target on Interactive Brokers Group from $171.00 to $195.00 and gave the stock a “buy” rating in a research note on Tuesday, December 3rd. Finally, Keefe, Bruyette & Woods lifted their price objective on shares of Interactive Brokers Group from $190.00 to $195.00 and gave the company a “market perform” rating in a research note on Monday, January 13th. One equities research analyst has rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $190.13.

Interactive Brokers Group Company Profile

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.