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

IRSA Inversiones y Representaciones Sociedad Anónima (NYSE:IRS) released its earnings results on Friday. The financial services provider reported $0.92 earnings per share (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 Trading Down 6.0 %

Shares of NYSE:IRS traded down $0.85 during mid-day trading on Friday, reaching $13.26. The stock had a trading volume of 311,295 shares, compared to its average volume of 193,498. The firm has a market cap of $991.87 million, a PE ratio of -2.97 and a beta of 1.35. The firm has a 50 day simple moving average of $15.67 and a two-hundred day simple moving average of $13.20. The company has a current ratio of 0.93, a quick ratio of 0.93 and a debt-to-equity ratio of 0.15. IRSA Inversiones y Representaciones Sociedad Anónima has a twelve month low of $7.10 and a twelve month high of $17.67.

IRSA Inversiones y Representaciones Sociedad Anónima Increases Dividend

The company also recently declared a — dividend, which was paid on Monday, December 9th. Investors of record on Friday, November 29th were given a $3.60 dividend. This is an increase from IRSA Inversiones y Representaciones Sociedad Anónima’s previous — dividend of $1.02. The ex-dividend date of this dividend was Friday, November 29th. IRSA Inversiones y Representaciones Sociedad Anónima’s dividend payout ratio (DPR) is currently -21.53%.

Wall Street Analysts Forecast Growth

Separately, StockNews.com downgraded shares of IRSA Inversiones y Representaciones Sociedad Anónima from a “buy” rating to a “hold” rating in a research 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.