Analysts Anticipate Match Group Inc (MTCH) to Post $0.21 Earnings Per Share
Wall Street analysts predict that Match Group Inc (NASDAQ:MTCH) will report earnings per share of $0.21 for the current quarter, according to Zacks Investment Research. Five analysts have provided estimates for Match Group’s earnings, with the lowest EPS estimate coming in at $0.19 and the highest estimate coming in at $0.27. Match Group posted earnings per share of $0.23 in the same quarter last year, which would suggest a negative year-over-year growth rate of 8.7%. The firm is scheduled to report its next earnings report on Tuesday, November 7th.
According to Zacks, analysts expect that Match Group will report full year earnings of $0.79 per share for the current financial year, with EPS estimates ranging from $0.73 to $0.96. For the next financial year, analysts expect that the company will post earnings of $0.97 per share, with EPS estimates ranging from $0.91 to $1.03. Zacks’ EPS calculations are an average based on a survey of research analysts that follow Match Group.
Match Group (NASDAQ:MTCH) last released its earnings results on Tuesday, August 1st. The technology company reported $0.16 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.19 by ($0.03). The company had revenue of $309.57 million for the quarter, compared to analyst estimates of $310.36 million. Match Group had a net margin of 16.65% and a return on equity of 34.42%. Match Group’s revenue for the quarter was up 12.4% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.17 earnings per share.
A number of research analysts recently commented on the company. Vetr downgraded Match Group from a “buy” rating to a “hold” rating and set a $20.78 price target for the company. in a research note on Tuesday, May 30th. Aegis lifted their target price on Match Group from $22.00 to $23.00 and gave the company an “outperform” rating in a research report on Thursday, August 3rd. BidaskClub upgraded Match Group from a “sell” rating to a “hold” rating in a report on Thursday, July 13th. BMO Capital Markets restated a “buy” rating and set a $21.00 price target on shares of Match Group in a report on Wednesday. Finally, Jefferies Group LLC restated a “buy” rating and set a $28.00 price target (up from $23.00) on shares of Match Group in a report on Thursday, August 31st. Two research analysts have rated the stock with a sell rating, two have issued a hold rating and thirteen have given a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus target price of $21.04.
In other news, Vice Chairman Sam Yagan sold 98,854 shares of the stock in a transaction dated Monday, August 28th. The stock was sold at an average price of $19.10, for a total transaction of $1,888,111.40. Following the transaction, the insider now directly owns 84,391 shares in the company, valued at approximately $1,611,868.10. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, General Counsel Jared F. Sine sold 64,436 shares of the stock in a transaction dated Wednesday, August 30th. The shares were sold at an average price of $20.46, for a total value of $1,318,360.56. Following the transaction, the general counsel now owns 64,436 shares in the company, valued at $1,318,360.56. The disclosure for this sale can be found here. In the last ninety days, insiders sold 902,498 shares of company stock worth $19,287,878. Insiders own 18.10% of the company’s stock.
Institutional investors and hedge funds have recently bought and sold shares of the stock. Mik Capital LLC bought a new position in Match Group during the 2nd quarter worth approximately $23,043,000. Clinton Group Inc. grew its position in Match Group by 23.8% during the 1st quarter. Clinton Group Inc. now owns 163,019 shares of the technology company’s stock worth $2,662,000 after acquiring an additional 31,350 shares during the last quarter. Schwab Charles Investment Management Inc. grew its position in Match Group by 9.9% during the 1st quarter. Schwab Charles Investment Management Inc. now owns 103,464 shares of the technology company’s stock worth $1,690,000 after acquiring an additional 9,357 shares during the last quarter. Stifel Financial Corp grew its position in Match Group by 23.5% during the 1st quarter. Stifel Financial Corp now owns 35,570 shares of the technology company’s stock worth $580,000 after acquiring an additional 6,770 shares during the last quarter. Finally, Soros Fund Management LLC grew its position in Match Group by 144.0% during the 1st quarter. Soros Fund Management LLC now owns 36,600 shares of the technology company’s stock worth $598,000 after acquiring an additional 21,600 shares during the last quarter. Institutional investors and hedge funds own 19.05% of the company’s stock.
Shares of Match Group (NASDAQ MTCH) opened at 23.55 on Friday. Match Group has a one year low of $15.08 and a one year high of $24.05. The company has a market cap of $6.18 billion, a price-to-earnings ratio of 33.50 and a beta of 0.53. The firm has a 50-day moving average of $20.19 and a 200 day moving average of $18.44.
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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