Wall Street brokerages expect Lendingtree Inc (NASDAQ:TREE) to report $1.17 earnings per share (EPS) for the current quarter, according to Zacks. Four analysts have issued estimates for Lendingtree’s earnings, with the lowest EPS estimate coming in at $0.96 and the highest estimate coming in at $1.40. Lendingtree reported earnings of $0.85 per share during the same quarter last year, which indicates a positive year over year growth rate of 37.6%. The firm is expected to report its next earnings results on Thursday, April 26th.
On average, analysts expect that Lendingtree will report full year earnings of $5.57 per share for the current fiscal year, with EPS estimates ranging from $4.86 to $7.00. For the next year, analysts expect that the firm will post earnings of $7.91 per share, with EPS estimates ranging from $6.07 to $9.57. Zacks’ EPS calculations are an average based on a survey of research analysts that that provide coverage for Lendingtree.
Lendingtree (NASDAQ:TREE) last issued its earnings results on Thursday, February 22nd. The financial services provider reported $0.84 earnings per share for the quarter, missing the consensus estimate of $0.90 by ($0.06). The business had revenue of $161.00 million for the quarter, compared to analyst estimates of $150.25 million. Lendingtree had a return on equity of 14.67% and a net margin of 2.52%. Lendingtree’s revenue was up 59.7% on a year-over-year basis. During the same period last year, the business posted $0.87 EPS.
TREE has been the topic of a number of research reports. SunTrust Banks initiated coverage on Lendingtree in a research note on Tuesday, January 23rd. They set a “hold” rating on the stock. Bank of America restated a “buy” rating and set a $425.00 price target on shares of Lendingtree in a research note on Tuesday, January 23rd. Oppenheimer raised their price target on Lendingtree to $340.00 and gave the stock an “outperform” rating in a research note on Friday, December 1st. Zacks Investment Research downgraded Lendingtree from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, December 27th. Finally, Northland Securities restated a “buy” rating and set a $340.00 price target on shares of Lendingtree in a research note on Thursday, December 14th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and twelve have given a buy rating to the stock. Lendingtree has a consensus rating of “Buy” and an average price target of $308.33.
In other Lendingtree news, CEO Douglas R. Lebda sold 8,000 shares of Lendingtree stock in a transaction that occurred on Wednesday, December 13th. The stock was sold at an average price of $320.11, for a total value of $2,560,880.00. Following the transaction, the chief executive officer now directly owns 397,218 shares in the company, valued at approximately $127,153,453.98. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Steven Ozonian sold 276 shares of Lendingtree stock in a transaction that occurred on Monday, March 5th. The shares were sold at an average price of $360.00, for a total value of $99,360.00. Following the completion of the transaction, the director now owns 8,603 shares in the company, valued at $3,097,080. The disclosure for this sale can be found here. Insiders sold a total of 109,654 shares of company stock worth $37,172,557 over the last quarter. Company insiders own 21.90% of the company’s stock.
Hedge funds have recently made changes to their positions in the business. The Manufacturers Life Insurance Company boosted its stake in shares of Lendingtree by 1.4% in the second quarter. The Manufacturers Life Insurance Company now owns 5,059 shares of the financial services provider’s stock valued at $871,000 after buying an additional 70 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in shares of Lendingtree by 34.8% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 639 shares of the financial services provider’s stock valued at $218,000 after buying an additional 165 shares in the last quarter. Meadow Creek Investment Management LLC boosted its stake in shares of Lendingtree by 16.7% in the fourth quarter. Meadow Creek Investment Management LLC now owns 1,190 shares of the financial services provider’s stock valued at $405,000 after buying an additional 170 shares in the last quarter. Aperio Group LLC boosted its stake in shares of Lendingtree by 22.2% in the fourth quarter. Aperio Group LLC now owns 1,006 shares of the financial services provider’s stock valued at $342,000 after buying an additional 183 shares in the last quarter. Finally, Advisor Group Inc. boosted its stake in shares of Lendingtree by 36.2% in the fourth quarter. Advisor Group Inc. now owns 718 shares of the financial services provider’s stock valued at $244,000 after buying an additional 191 shares in the last quarter. Institutional investors own 77.36% of the company’s stock.
Lendingtree (NASDAQ TREE) traded down $4.85 during trading hours on Thursday, reaching $348.80. The company had a trading volume of 149,900 shares, compared to its average volume of 233,720. The stock has a market cap of $4,292.66, a P/E ratio of 325.98, a PEG ratio of 2.10 and a beta of 1.66. The company has a quick ratio of 2.97, a current ratio of 2.97 and a debt-to-equity ratio of 0.81. Lendingtree has a 12-month low of $115.50 and a 12-month high of $404.40.
Lendingtree declared that its Board of Directors has authorized a stock repurchase plan on Thursday, February 22nd that authorizes the company to repurchase $100.00 million in outstanding shares. This repurchase authorization authorizes the financial services provider to purchase shares of its stock through open market purchases. Stock repurchase plans are often a sign that the company’s management believes its stock is undervalued.
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LendingTree, Inc (LendingTree) is engaged in operating an online loan marketplace for consumers seeking loans and other credit-based offerings. The Company’s online marketplace provides consumers with access to product offerings from various lenders, which it refers to as Network Lenders, including mortgage loans, home equity loans and lines of credit, reverse mortgage loans, auto loans, credit cards, personal loans, student loans, small business loans and other related offerings.
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