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

IRSA Inversiones y Representaciones Sociedad Anónima (NYSE:IRS) posted its earnings results on Tuesday. The financial services provider reported $0.89 EPS for the quarter, Zacks reports. IRSA Inversiones y Representaciones Sociedad Anónima had a negative net margin of 79.08% and a positive return on equity of 10.23%.

IRSA Inversiones y Representaciones Sociedad Anónima Stock Up 2.7 %

Shares of IRSA Inversiones y Representaciones Sociedad Anónima stock opened at $14.11 on Wednesday. The stock’s 50-day moving average is $13.40 and its 200 day moving average is $14.39. IRSA Inversiones y Representaciones Sociedad Anónima has a one year low of $7.92 and a one year high of $17.67. The firm has a market cap of $1.07 billion, a price-to-earnings ratio of -3.30 and a beta of 1.43. The company has a debt-to-equity ratio of 0.15, a current ratio of 0.93 and a quick ratio of 0.93.

Wall Street Analysts Forecast Growth

Separately, StockNews.com raised IRSA Inversiones y Representaciones Sociedad Anónima from a “hold” rating to a “buy” rating in a research note on Monday, February 17th.

About IRSA Inversiones y Representaciones Sociedad Anónima

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.