IRSA Inversiones Y Representaciones (NYSE:IRS) Announces Earnings Results

IRSA Inversiones Y Representaciones (NYSE:IRS) announced its quarterly earnings results on Wednesday. The financial services provider reported $0.58 earnings per share (EPS) for the quarter, FiscalAI reports. IRSA Inversiones Y Representaciones had a net margin of 85.84% and a return on equity of 24.98%. The firm had revenue of $105.18 million for the quarter.

IRSA Inversiones Y Representaciones Price Performance

Shares of NYSE:IRS traded down $0.32 during trading on Wednesday, hitting $15.74. 10,429 shares of the company’s stock were exchanged, compared to its average volume of 172,929. The business’s 50-day simple moving average is $16.26 and its 200 day simple moving average is $14.78. The company has a market cap of $1.22 billion, a price-to-earnings ratio of 3.40 and a beta of 1.48. IRSA Inversiones Y Representaciones has a 52-week low of $10.61 and a 52-week high of $19.14. The company has a debt-to-equity ratio of 0.30, a current ratio of 2.52 and a quick ratio of 2.52.

Wall Street Analysts Forecast Growth

IRS has been the subject of several research analyst reports. Wall Street Zen lowered IRSA Inversiones Y Representaciones from a “buy” rating to a “hold” rating in a report on Saturday, January 31st. Itau BBA Securities raised IRSA Inversiones Y Representaciones to a “strong-buy” rating in a research report on Friday, January 30th. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of IRSA Inversiones Y Representaciones in a research note on Thursday, January 22nd. One research analyst has rated the stock with a Strong Buy rating and one has assigned a Hold rating to the company. According to MarketBeat.com, the company has a consensus rating of “Buy” and an average price target of $23.00.

Institutional Investors Weigh In On IRSA Inversiones Y Representaciones

Several institutional investors and hedge funds have recently modified their holdings of the stock. Van ECK Associates Corp bought a new position in shares of IRSA Inversiones Y Representaciones during the third quarter worth $25,000. Brevan Howard Capital Management LP purchased a new stake in IRSA Inversiones Y Representaciones in the 3rd quarter worth $130,000. Engineers Gate Manager LP bought a new position in shares of IRSA Inversiones Y Representaciones during the 2nd quarter valued at about $148,000. Abel Hall LLC purchased a new position in shares of IRSA Inversiones Y Representaciones during the fourth quarter valued at about $165,000. Finally, Verition Fund Management LLC grew its position in shares of IRSA Inversiones Y Representaciones by 23.2% during the third 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. Institutional investors own 45.46% of the company’s stock.

About IRSA Inversiones Y Representaciones

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.