Wall Street brokerages expect Match Group, Inc. (NASDAQ:MTCH) to post $0.31 earnings per share (EPS) for the current quarter, Zacks reports. Four analysts have issued estimates for Match Group’s earnings, with estimates ranging from $0.28 to $0.38. Match Group reported earnings per share of $0.29 in the same quarter last year, which suggests a positive year-over-year growth rate of 6.9%. The company is scheduled to issue its next earnings report on Tuesday, January 30th.

According to Zacks, analysts expect that Match Group will report full year earnings of $0.78 per share for the current financial year, with EPS estimates ranging from $0.74 to $0.86. For the next year, analysts anticipate that the firm will post earnings of $1.11 per share, with EPS estimates ranging from $0.98 to $1.30. Zacks’ earnings per share calculations are an average based on a survey of research firms that that provide coverage for Match Group.

Match Group (NASDAQ:MTCH) last issued its quarterly earnings results on Tuesday, November 7th. The technology company reported $0.19 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.21 by ($0.02). Match Group had a return on equity of 31.18% and a net margin of 34.06%. The company had revenue of $343.40 million for the quarter, compared to analyst estimates of $329.19 million. During the same period in the prior year, the business earned $0.23 earnings per share. Match Group’s revenue for the quarter was up 19.4% compared to the same quarter last year.

A number of equities research analysts have commented on the company. BidaskClub raised Match Group from a “buy” rating to a “strong-buy” rating in a report on Monday, December 25th. Guggenheim raised Match Group from a “neutral” rating to a “buy” rating in a report on Tuesday, December 19th. Evercore ISI assumed coverage on Match Group in a report on Tuesday, December 5th. They issued an “outperform” rating and a $34.00 target price for the company. Deutsche Bank reissued a “buy” rating and issued a $33.00 target price on shares of Match Group in a report on Wednesday, November 15th. Finally, Aegis raised their target price on Match Group from $29.00 to $32.00 and gave the company a “buy” rating in a report on Monday, November 13th. Six analysts have rated the stock with a hold rating, twelve have issued a buy rating and one has assigned a strong buy rating to the company. Match Group presently has a consensus rating of “Buy” and an average target price of $31.09.

In other news, Director Ann Mcdaniel sold 11,119 shares of the firm’s stock in a transaction on Monday, November 27th. The stock was sold at an average price of $30.62, for a total value of $340,463.78. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 18.10% of the company’s stock.

Several hedge funds have recently made changes to their positions in MTCH. Schwab Charles Investment Management Inc. increased its position in shares of Match Group by 15.9% in the second quarter. Schwab Charles Investment Management Inc. now owns 119,865 shares of the technology company’s stock valued at $2,084,000 after buying an additional 16,401 shares in the last quarter. Rhumbline Advisers increased its position in shares of Match Group by 19.9% in the second quarter. Rhumbline Advisers now owns 44,300 shares of the technology company’s stock valued at $770,000 after buying an additional 7,359 shares in the last quarter. Bank of New York Mellon Corp increased its position in shares of Match Group by 17.8% in the second quarter. Bank of New York Mellon Corp now owns 284,405 shares of the technology company’s stock valued at $4,943,000 after buying an additional 42,952 shares in the last quarter. State Board of Administration of Florida Retirement System increased its position in shares of Match Group by 20.1% in the second quarter. State Board of Administration of Florida Retirement System now owns 101,401 shares of the technology company’s stock valued at $1,762,000 after buying an additional 17,004 shares in the last quarter. Finally, Pacer Advisors Inc. increased its position in shares of Match Group by 11.5% in the second quarter. Pacer Advisors Inc. now owns 25,850 shares of the technology company’s stock valued at $449,000 after buying an additional 2,670 shares in the last quarter. Institutional investors and hedge funds own 20.97% of the company’s stock.

Match Group (NASDAQ:MTCH) traded up $0.12 during trading on Thursday, reaching $32.13. The company’s stock had a trading volume of 1,325,277 shares, compared to its average volume of 1,922,667. Match Group has a 12 month low of $15.42 and a 12 month high of $33.08. The company has a current ratio of 0.92, a quick ratio of 0.92 and a debt-to-equity ratio of 2.40. The firm has a market capitalization of $8,650.00 and a P/E ratio of 21.42.

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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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Earnings History and Estimates for Match Group (NASDAQ:MTCH)

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