Brokers Issue Forecasts for Match Group Inc’s Q1 2018 Earnings (MTCH)

Match Group Inc (NASDAQ:MTCH) – Analysts at Oppenheimer issued their Q1 2018 EPS estimates for Match Group in a research report issued on Wednesday. Oppenheimer analyst J. Helfstein anticipates that the technology company will post earnings of $0.19 per share for the quarter. Oppenheimer has a “Market Perform” rating on the stock. Oppenheimer also issued estimates for Match Group’s Q3 2018 earnings at $0.28 EPS and Q4 2018 earnings at $0.32 EPS.

Match Group (NASDAQ:MTCH) last announced its earnings results on Tuesday, February 6th. The technology company reported $0.18 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.32 by ($0.14). Match Group had a return on equity of 30.34% and a net margin of 26.31%. The business had revenue of $379.00 million for the quarter, compared to analysts’ expectations of $362.86 million. During the same quarter last year, the firm earned $0.29 earnings per share. The firm’s quarterly revenue was up 28.5% compared to the same quarter last year.

MTCH has been the topic of several other reports. Wells Fargo & Co restated an “outperform” rating and set a $38.00 target price (up from $33.00) on shares of Match Group in a research note on Monday, January 8th. Aegis boosted their target price on Match Group from $29.00 to $32.00 and gave the stock a “buy” rating in a research note on Monday, November 13th. Guggenheim upgraded Match Group from a “neutral” rating to a “buy” rating in a research note on Tuesday, December 19th. Vetr upgraded Match Group from a “hold” rating to a “buy” rating and set a $37.10 target price on the stock in a research note on Tuesday, January 30th. Finally, Deutsche Bank reaffirmed a “buy” rating and set a $33.00 price target on shares of Match Group in a research report on Wednesday, November 15th. One analyst has rated the stock with a sell rating, six have issued a hold rating, twelve have issued a buy rating and one has given a strong buy rating to the stock. The company currently has a consensus rating of “Buy” and an average price target of $36.32.

Match Group (NASDAQ MTCH) opened at $35.71 on Monday. Match Group has a one year low of $15.42 and a one year high of $36.84. The company has a debt-to-equity ratio of 2.40, a quick ratio of 0.92 and a current ratio of 0.92. The firm has a market capitalization of $9,754.08, a price-to-earnings ratio of 30.01, a P/E/G ratio of 2.72 and a beta of 0.91.

A number of institutional investors and hedge funds have recently modified their holdings of the business. Wells Fargo & Company MN lifted its holdings in shares of Match Group by 163.9% in the 4th quarter. Wells Fargo & Company MN now owns 2,649,016 shares of the technology company’s stock valued at $82,940,000 after buying an additional 1,645,294 shares during the period. Vanguard Group Inc. lifted its holdings in shares of Match Group by 34.8% in the 2nd quarter. Vanguard Group Inc. now owns 6,268,369 shares of the technology company’s stock valued at $108,945,000 after buying an additional 1,617,950 shares during the period. First Trust Advisors LP lifted its holdings in shares of Match Group by 306.1% in the 4th quarter. First Trust Advisors LP now owns 1,431,403 shares of the technology company’s stock valued at $44,817,000 after buying an additional 1,078,925 shares during the period. Rathbone Brothers plc acquired a new position in shares of Match Group in the 4th quarter valued at about $21,103,000. Finally, Gladstone Capital Management LLP acquired a new position in shares of Match Group in the 3rd quarter valued at about $13,962,000. 20.33% of the stock is owned by institutional investors.

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

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Match Group Company Profile

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.

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

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