Brokerages Expect Match Group, Inc. (MTCH) Will Post Earnings of $0.16 Per Share
Equities research analysts expect that Match Group, Inc. (NASDAQ:MTCH) will announce $0.16 earnings per share for the current quarter, Zacks Investment Research reports. Four analysts have made estimates for Match Group’s earnings. The highest EPS estimate is $0.17 and the lowest is $0.15. Match Group posted earnings of $0.14 per share during the same quarter last year, which indicates a positive year over year growth rate of 14.3%. The business is expected to report its next quarterly earnings results on Tuesday, July 25th.
According to Zacks, analysts expect that Match Group will report full year earnings of $0.67 per share for the current financial year, with EPS estimates ranging from $0.66 to $0.70. For the next year, analysts anticipate that the firm will post earnings of $0.90 per share, with EPS estimates ranging from $0.80 to $1.04. Zacks’ earnings per share averages are a mean average based on a survey of analysts that follow Match Group.
Match Group (NASDAQ:MTCH) last issued its earnings results on Tuesday, May 2nd. The technology company reported $0.12 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.13 by $0.01. The business had revenue of $298.76 million during the quarter, compared to analyst estimates of $314.94 million. Match Group had a net margin of 14.91% and a return on equity of 39.71%.
A number of research firms recently issued reports on MTCH. Jefferies Group LLC reissued a “buy” rating and issued a $23.00 price target on shares of Match Group in a research note on Thursday. Zacks Investment Research raised shares of Match Group from a “sell” rating to a “hold” rating in a research note on Wednesday, June 21st. Vetr downgraded shares of Match Group from a “strong-buy” rating to a “buy” rating and set a $19.42 price target for the company. in a research note on Monday, June 19th. BidaskClub downgraded shares of Match Group from a “buy” rating to a “hold” rating in a research note on Saturday, June 10th. Finally, Aegis increased their price target on shares of Match Group from $20.00 to $22.00 and gave the stock a “buy” rating in a research note on Friday, May 5th. Four analysts have rated the stock with a hold rating and fourteen have given a buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $20.34.
Shares of Match Group (NASDAQ:MTCH) traded down 0.22% during midday trading on Monday, hitting $17.79. The company’s stock had a trading volume of 743,712 shares. The firm has a market cap of $4.60 billion, a P/E ratio of 26.63 and a beta of 0.57. The stock’s 50 day moving average is $18.92 and its 200-day moving average is $17.73. Match Group has a 52-week low of $13.55 and a 52-week high of $20.75.
In other Match Group news, insider Amarnath Thombre sold 300,000 shares of the firm’s stock in a transaction that occurred on Tuesday, May 9th. The shares were sold at an average price of $19.26, for a total transaction of $5,778,000.00. Following the completion of the transaction, the insider now owns 197,640 shares of the company’s stock, valued at $3,806,546.40. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 19.90% of the stock is currently owned by company insiders.
Several institutional investors have recently made changes to their positions in the stock. Suntrust Banks Inc. boosted its stake in Match Group by 18.3% in the first quarter. Suntrust Banks Inc. now owns 30,227 shares of the technology company’s stock worth $493,000 after buying an additional 4,683 shares during the last quarter. First Trust Advisors LP boosted its stake in Match Group by 290.4% in the first quarter. First Trust Advisors LP now owns 588,776 shares of the technology company’s stock worth $9,615,000 after buying an additional 437,976 shares during the last quarter. State Board of Administration of Florida Retirement System purchased a new stake in Match Group during the first quarter worth approximately $1,378,000. Russell Investments Group Ltd. boosted its stake in Match Group by 33.2% in the first quarter. Russell Investments Group Ltd. now owns 310,365 shares of the technology company’s stock worth $5,069,000 after buying an additional 77,331 shares during the last quarter. Finally, Denali Advisors LLC purchased a new stake in Match Group during the first quarter worth approximately $1,026,000. 20.85% of the stock is owned by institutional investors and hedge funds.
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About Match Group
Match Group, Inc, incorporated on February 13, 2009, is a provider of dating products. The Company operates in the Dating segment. The Dating segment consists of all of its dating businesses across the globe. As of March 31, 2017, the Company operated a portfolio of over 45 brands, including Match, Tinder, PlentyOfFish, Meetic, OkCupid, Pairs, Twoo, OurTime, BlackPeopleMeet and LoveScout24, each designed to manage its users’ likelihood of finding a romantic connection.
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