Wall Street brokerages predict that LendingTree, Inc. (NASDAQ:TREE) will report earnings per share (EPS) of $0.86 for the current fiscal quarter, Zacks Investment Research reports. Four analysts have provided estimates for LendingTree’s earnings, with the lowest EPS estimate coming in at $0.84 and the highest estimate coming in at $0.88. LendingTree posted earnings of $0.87 per share during the same quarter last year, which would suggest a negative year-over-year growth rate of 1.1%. The company is scheduled to report its next earnings report on Thursday, February 22nd.

On average, analysts expect that LendingTree will report full year earnings of $3.70 per share for the current fiscal year, with EPS estimates ranging from $3.45 to $3.80. For the next financial year, analysts anticipate that the business will post earnings of $5.35 per share, with EPS estimates ranging from $4.70 to $5.78. Zacks’ earnings per share calculations are a mean average based on a survey of research analysts that follow LendingTree.

LendingTree (NASDAQ:TREE) last announced its earnings results on Thursday, October 26th. The financial services provider reported $1.17 earnings per share for the quarter, beating the consensus estimate of $0.97 by $0.20. LendingTree had a return on equity of 16.52% and a net margin of 5.49%. The firm had revenue of $171.50 million during the quarter, compared to the consensus estimate of $157.97 million. During the same quarter in the prior year, the company earned $0.80 EPS. The firm’s revenue for the quarter was up 81.3% compared to the same quarter last year.

Several analysts recently weighed in on the company. Oppenheimer increased their target price on LendingTree to $340.00 and gave the company an “outperform” rating in a research note on Friday, December 1st. Northland Securities restated a “buy” rating and set a $280.00 target price on shares of LendingTree in a research note on Thursday, October 26th. Zacks Investment Research upgraded LendingTree from a “sell” rating to a “strong-buy” rating and set a $308.00 price objective for the company in a research report on Thursday, November 2nd. Citigroup reiterated an “outperform” rating and issued a $290.00 price objective on shares of LendingTree in a research report on Friday, October 27th. Finally, Stephens raised their price objective on LendingTree from $250.00 to $300.00 and gave the stock an “overweight” rating in a research report on Thursday, October 26th. One equities research analyst has rated the stock with a sell rating, ten have given a buy rating and one has assigned a strong buy rating to the company’s stock. LendingTree has an average rating of “Buy” and a consensus target price of $251.25.

In other news, insider Nikul Patel sold 1,000 shares of the stock in a transaction that occurred on Wednesday, November 29th. The stock was sold at an average price of $300.00, for a total value of $300,000.00. Following the completion of the transaction, the insider now directly owns 4,953 shares of the company’s stock, valued at approximately $1,485,900. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO Douglas R. Lebda sold 8,000 shares of the stock in a transaction that occurred on Wednesday, December 6th. The stock was sold at an average price of $306.96, for a total value of $2,455,680.00. Following the completion of the transaction, the chief executive officer now directly owns 403,818 shares of the company’s stock, valued at $123,955,973.28. The disclosure for this sale can be found here. Insiders sold a total of 97,374 shares of company stock valued at $27,064,286 in the last quarter. Corporate insiders own 21.90% of the company’s stock.

Several institutional investors and hedge funds have recently modified their holdings of the company. Jackson Square Partners LLC raised its holdings in shares of LendingTree by 0.3% in the 3rd quarter. Jackson Square Partners LLC now owns 549,600 shares of the financial services provider’s stock worth $134,349,000 after buying an additional 1,853 shares in the last quarter. Vanguard Group Inc. increased its holdings in LendingTree by 45.6% during the 2nd quarter. Vanguard Group Inc. now owns 536,197 shares of the financial services provider’s stock valued at $92,333,000 after purchasing an additional 167,933 shares in the last quarter. Baillie Gifford & Co. increased its holdings in LendingTree by 3.2% during the 3rd quarter. Baillie Gifford & Co. now owns 346,828 shares of the financial services provider’s stock valued at $84,782,000 after purchasing an additional 10,657 shares in the last quarter. Dimensional Fund Advisors LP increased its holdings in LendingTree by 6.3% during the 2nd quarter. Dimensional Fund Advisors LP now owns 316,069 shares of the financial services provider’s stock valued at $54,428,000 after purchasing an additional 18,678 shares in the last quarter. Finally, Macquarie Group Ltd. increased its holdings in LendingTree by 55.6% during the 3rd quarter. Macquarie Group Ltd. now owns 221,383 shares of the financial services provider’s stock valued at $54,117,000 after purchasing an additional 79,065 shares in the last quarter. 72.11% of the stock is owned by institutional investors and hedge funds.

Shares of LendingTree (NASDAQ TREE) traded up $3.75 during trading hours on Wednesday, reaching $312.65. The company had a trading volume of 171,200 shares, compared to its average volume of 192,399. LendingTree has a 1 year low of $96.20 and a 1 year high of $319.95. The company has a market cap of $3,697.16, a P/E ratio of 93.89, a price-to-earnings-growth ratio of 2.78 and a beta of 1.54. The company has a debt-to-equity ratio of 0.78, a quick ratio of 3.86 and a current ratio of 3.86.

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About LendingTree

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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