Analysts Issue Forecasts for Match Group Inc’s Q1 2017 Earnings (MTCH)
Match Group Inc (NASDAQ:MTCH) – Analysts at Jefferies Group issued their Q1 2017 earnings estimates for Match Group in a note issued to investors on Tuesday. Jefferies Group analyst B. Fitzgerald forecasts that the technology company will earn $0.11 per share for the quarter. Jefferies Group has a “Buy” rating and a $21.00 price target on the stock. Jefferies Group also issued estimates for Match Group’s Q2 2017 earnings at $0.19 EPS, Q3 2017 earnings at $0.21 EPS, Q4 2017 earnings at $0.27 EPS, FY2017 earnings at $0.78 EPS and FY2018 earnings at $1.00 EPS.
Match Group (NASDAQ:MTCH) last released its earnings results on Tuesday, January 31st. The technology company reported $0.29 earnings per share for the quarter, topping analysts’ consensus estimates of $0.24 by $0.05. Match Group had a return on equity of 47.04% and a net margin of 14.02%. The business had revenue of $319.70 million for the quarter, compared to the consensus estimate of $320.62 million. During the same period last year, the business earned $0.24 earnings per share. The firm’s revenue for the quarter was up 19.5% compared to the same quarter last year.
MTCH has been the topic of several other reports. Vetr raised shares of Match Group from a “buy” rating to a “strong-buy” rating and set a $20.13 target price on the stock in a report on Tuesday, January 17th. Zacks Investment Research cut shares of Match Group from a “hold” rating to a “sell” rating in a report on Wednesday, January 11th. Citigroup Inc assumed coverage on shares of Match Group in a report on Monday, March 27th. They set a “buy” rating and a $22.00 target price on the stock. Piper Jaffray Companies assumed coverage on shares of Match Group in a report on Tuesday, April 4th. They set an “overweight” rating and a $21.00 target price on the stock. Finally, Aegis reaffirmed a “buy” rating on shares of Match Group in a report on Wednesday, March 15th. Four equities research analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus price target of $19.18.
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Shares of Match Group (NASDAQ:MTCH) opened at 18.01 on Thursday. Match Group has a 52-week low of $10.72 and a 52-week high of $19.74. The firm has a market capitalization of $4.61 billion, a P/E ratio of 28.14 and a beta of 0.86. The company’s 50-day moving average price is $16.59 and its 200-day moving average price is $17.39.
Several hedge funds have recently bought and sold shares of MTCH. PNC Financial Services Group Inc. raised its stake in Match Group by 12.8% in the third quarter. PNC Financial Services Group Inc. now owns 7,048 shares of the technology company’s stock valued at $125,000 after buying an additional 800 shares in the last quarter. Gideon Capital Advisors Inc. purchased a new stake in Match Group during the fourth quarter valued at about $185,000. Quadrature Capital Ltd purchased a new stake in Match Group during the third quarter valued at about $205,000. Cipher Capital LP purchased a new stake in Match Group during the fourth quarter valued at about $210,000. Finally, Meeder Asset Management Inc. purchased a new stake in Match Group during the third quarter valued at about $224,000. Institutional investors and hedge funds own 17.21% of the company’s stock.
Match Group Company Profile
Match Group, Inc is a provider of dating products. The Company operates in two segments: Dating and Non-dating. The Dating segment consists of all of its dating businesses across the globe. The Non-dating segment consists of The Princeton Review, which provides a range of educational test preparation, academic tutoring and college counseling services.
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