FBR Capital Maintains an 'Outperform' on Interval Leisure Group (IILG); Disappointing Quarter; Still Value Here, but Catalyst Seems Elusive
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Price: $16.72 --0%
Rating Summary:
3 Buy, 0 Hold, 0 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 4 | Down: 8 | New: 1
Rating Summary:
3 Buy, 0 Hold, 0 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 4 | Down: 8 | New: 1
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FBR Capital maintains an 'Outperform' on Interval Leisure Group (NASDAQ: IILG), lowers PT from $21 to $19.
FBR analyst says, "IILG has an ideal business model with subscription/transactions based revenues, significant free cash flow generation capacity and only modest debt levels. As leisure demand trends continue to improve, we believe IILG should begin to see lower membership attrition and potentially grow membership base slightly. Additionally, as the company’s business model gets better understood by the investment community, we believe IILG could see multiple expansion from current levels."
"We are lowering our 2011 and 2012 EPS estimates to $0.62 from $0.77 and to $0.76 from $0.94 from lower expected revenues per member."
For more ratings news on Interval Leisure Group click here and for the rating history of Interval Leisure Group click here.
Shares of Interval Leisure Group closed at $15.76 yesterday.
FBR analyst says, "IILG has an ideal business model with subscription/transactions based revenues, significant free cash flow generation capacity and only modest debt levels. As leisure demand trends continue to improve, we believe IILG should begin to see lower membership attrition and potentially grow membership base slightly. Additionally, as the company’s business model gets better understood by the investment community, we believe IILG could see multiple expansion from current levels."
"We are lowering our 2011 and 2012 EPS estimates to $0.62 from $0.77 and to $0.76 from $0.94 from lower expected revenues per member."
For more ratings news on Interval Leisure Group click here and for the rating history of Interval Leisure Group click here.
Shares of Interval Leisure Group closed at $15.76 yesterday.
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