Analysts Anticipate LendingTree, Inc. (TREE) to Announce $0.93 EPS
Equities research analysts expect that LendingTree, Inc. (NASDAQ:TREE) will report earnings of $0.93 per share for the current fiscal quarter, Zacks Investment Research reports. Four analysts have made estimates for LendingTree’s earnings, with estimates ranging from $0.90 to $0.98. LendingTree posted earnings of $0.80 per share during the same quarter last year, which suggests a positive year-over-year growth rate of 16.3%. The company is scheduled to announce its next quarterly earnings results on Thursday, October 26th.
On average, analysts expect that LendingTree will report full year earnings of $3.40 per share for the current financial year, with EPS estimates ranging from $3.31 to $3.55. For the next fiscal year, analysts anticipate that the business will post earnings of $4.54 per share, with EPS estimates ranging from $4.43 to $4.64. Zacks’ earnings per share averages are an average based on a survey of sell-side analysts that that provide coverage for LendingTree.
LendingTree (NASDAQ:TREE) last announced its quarterly earnings results on Thursday, July 27th. The financial services provider reported $0.90 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.73 by $0.17. The firm had revenue of $152.80 million for the quarter, compared to the consensus estimate of $135.48 million. LendingTree had a return on equity of 17.01% and a net margin of 5.85%. The company’s quarterly revenue was up 62.0% on a year-over-year basis. During the same period in the prior year, the company posted $0.92 earnings per share.
A number of analysts have recently weighed in on the company. William Blair assumed coverage on LendingTree in a research report on Wednesday, June 21st. They issued an “outperform” rating and a $173.00 price objective for the company. Royal Bank Of Canada reissued a “buy” rating on shares of LendingTree in a research report on Friday, June 9th. Stephens reissued an “overweight” rating and issued a $250.00 price objective (up previously from $200.00) on shares of LendingTree in a research report on Sunday, July 30th. Needham & Company LLC reissued a “buy” rating and issued a $250.00 price objective (up previously from $200.00) on shares of LendingTree in a research report on Thursday, July 27th. Finally, Northland Securities reissued a “buy” rating and issued a $150.00 price objective on shares of LendingTree in a research report on Tuesday, July 25th. One research analyst has rated the stock with a sell rating and twelve have issued a buy rating to the company. The stock has an average rating of “Buy” and an average price target of $183.00.
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Shares of LendingTree (NASDAQ TREE) traded down 0.41% on Friday, hitting $230.25. The stock had a trading volume of 104,975 shares. The company has a market cap of $2.76 billion, a P/E ratio of 107.49 and a beta of 1.55. The company’s 50 day moving average price is $221.90 and its 200-day moving average price is $164.18. LendingTree has a 12 month low of $75.05 and a 12 month high of $238.25.
In related news, Director G Kennedy Thompson acquired 5,000 shares of LendingTree stock in a transaction on Thursday, August 31st. The stock was acquired at an average price of $230.91 per share, for a total transaction of $1,154,550.00. Following the purchase, the director now owns 5,000 shares of the company’s stock, valued at approximately $1,154,550. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CEO Douglas R. Lebda sold 8,000 shares of LendingTree stock in a transaction dated Wednesday, June 21st. The shares were sold at an average price of $179.26, for a total value of $1,434,080.00. Following the transaction, the chief executive officer now owns 509,506 shares of the company’s stock, valued at approximately $91,334,045.56. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 28,850 shares of company stock valued at $5,268,293. 21.90% of the stock is currently owned by insiders.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. JPMorgan Chase & Co. purchased a new position in shares of LendingTree during the 1st quarter valued at about $2,068,000. Baillie Gifford & Co. raised its stake in shares of LendingTree by 6.6% during the 1st quarter. Baillie Gifford & Co. now owns 240,700 shares of the financial services provider’s stock valued at $30,172,000 after buying an additional 15,000 shares during the last quarter. Great West Life Assurance Co. Can raised its stake in shares of LendingTree by 4.1% during the 2nd quarter. Great West Life Assurance Co. Can now owns 10,572 shares of the financial services provider’s stock valued at $1,819,000 after buying an additional 412 shares during the last quarter. Meeder Asset Management Inc. raised its stake in shares of LendingTree by 2,685.7% during the 2nd quarter. Meeder Asset Management Inc. now owns 780 shares of the financial services provider’s stock valued at $135,000 after buying an additional 752 shares during the last quarter. Finally, Bank of New York Mellon Corp raised its stake in shares of LendingTree by 4.1% during the 1st quarter. Bank of New York Mellon Corp now owns 86,889 shares of the financial services provider’s stock valued at $10,892,000 after buying an additional 3,385 shares during the last quarter. Institutional investors and hedge funds own 71.69% of the company’s stock.
LendingTree Company Profile
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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