Wall Street analysts expect Match Group Inc (NASDAQ:MTCH) to report earnings per share of $0.36 for the current fiscal quarter, Zacks Investment Research reports. Seven analysts have issued estimates for Match Group’s earnings. The lowest EPS estimate is $0.34 and the highest is $0.41. Match Group reported earnings per share of $0.16 in the same quarter last year, which would suggest a positive year over year growth rate of 125%. The firm is expected to report its next earnings report on Tuesday, August 7th.
According to Zacks, analysts expect that Match Group will report full year earnings of $1.37 per share for the current financial year, with EPS estimates ranging from $1.29 to $1.51. For the next financial year, analysts anticipate that the company will report earnings of $1.66 per share, with EPS estimates ranging from $1.55 to $1.86. Zacks Investment Research’s earnings per share averages are an average based on a survey of research firms that cover Match Group.
Match Group (NASDAQ:MTCH) last released its quarterly earnings data on Tuesday, May 8th. The technology company reported $0.26 earnings per share for the quarter, beating the consensus estimate of $0.23 by $0.03. Match Group had a return on equity of 39.06% and a net margin of 29.86%. The firm had revenue of $407.40 million during the quarter, compared to the consensus estimate of $384.81 million. During the same period last year, the business posted $0.12 EPS. Match Group’s quarterly revenue was up 36.3% on a year-over-year basis.
A number of equities analysts have weighed in on the stock. BidaskClub upgraded shares of Match Group from a “buy” rating to a “strong-buy” rating in a research report on Thursday, April 19th. UBS Group lowered shares of Match Group from a “buy” rating to a “neutral” rating and cut their target price for the stock from $46.79 to $35.00 in a research report on Thursday, March 15th. Guggenheim lowered shares of Match Group from a “buy” rating to a “neutral” rating in a research report on Wednesday, March 21st. Zacks Investment Research upgraded shares of Match Group from a “hold” rating to a “buy” rating and set a $50.00 target price for the company in a research report on Saturday, March 10th. Finally, Wells Fargo & Co lowered shares of Match Group from an “outperform” rating to a “market perform” rating in a research report on Friday, March 9th. Nine equities research analysts have rated the stock with a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus target price of $40.44.
NASDAQ MTCH opened at $40.35 on Friday. The company has a quick ratio of 1.36, a current ratio of 1.36 and a debt-to-equity ratio of 2.33. The company has a market capitalization of $11.24 billion, a P/E ratio of 77.60, a PEG ratio of 2.77 and a beta of 0.15. Match Group has a 1-year low of $16.57 and a 1-year high of $48.65.
In other news, Director Ann Mcdaniel sold 4,351 shares of the firm’s stock in a transaction that occurred on Friday, May 25th. The shares were sold at an average price of $41.85, for a total value of $182,089.35. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 7.00% of the stock is currently owned by company insiders.
A number of institutional investors and hedge funds have recently made changes to their positions in MTCH. Migdal Insurance & Financial Holdings Ltd. purchased a new stake in Match Group in the first quarter valued at approximately $103,000. TLP Group LLC raised its stake in Match Group by 12,204.8% in the first quarter. TLP Group LLC now owns 2,584 shares of the technology company’s stock valued at $115,000 after purchasing an additional 2,563 shares in the last quarter. Delpha Capital Management LLC purchased a new stake in Match Group in the fourth quarter valued at approximately $138,000. Ladenburg Thalmann Financial Services Inc. raised its stake in Match Group by 122.9% in the fourth quarter. Ladenburg Thalmann Financial Services Inc. now owns 4,462 shares of the technology company’s stock valued at $140,000 after purchasing an additional 2,460 shares in the last quarter. Finally, Amalgamated Bank purchased a new stake in Match Group in the fourth quarter valued at approximately $229,000. 23.77% of the stock is currently owned by institutional investors and hedge funds.
Match Group Company Profile
Match Group, Inc provides dating products. It operates a portfolio of brands, including Tinder, Match, PlentyOfFish, Meetic, OkCupid, OurTime, and Pairs. Match Group, Inc offers its dating products through its Websites and applications in 42 languages approximately in 190 countries. The company was incorporated in 2009 and is headquartered in Dallas, Texas.
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