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

IRSA Inversiones y Representaciones Sociedad Anónima (NYSE:IRS) released 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 negative net margin of 79.31% and a positive return on equity of 8.91%.

IRSA Inversiones y Representaciones Sociedad Anónima Price Performance

Shares of IRS traded down $0.85 during trading hours on Friday, hitting $13.26. The stock had a trading volume of 311,295 shares, compared to its average volume of 193,498. The company’s fifty day moving average is $15.67 and its two-hundred day moving average is $13.20. The company has a debt-to-equity ratio of 0.15, a current ratio of 0.93 and a quick ratio of 0.93. IRSA Inversiones y Representaciones Sociedad Anónima has a 52 week low of $7.10 and a 52 week high of $17.67. The stock has a market capitalization of $991.87 million, a price-to-earnings ratio of -2.97 and a beta of 1.35.

IRSA Inversiones y Representaciones Sociedad Anónima Increases Dividend

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