Analysts Set Expectations for Lendingtree Inc’s Q1 2019 Earnings (TREE)

Lendingtree Inc (NASDAQ:TREE) – Research analysts at Oppenheimer issued their Q1 2019 earnings per share (EPS) estimates for Lendingtree in a research report issued on Wednesday, November 28th. Oppenheimer analyst J. Kelly forecasts that the financial services provider will post earnings per share of $1.03 for the quarter. Oppenheimer also issued estimates for Lendingtree’s Q2 2019 earnings at $1.37 EPS, Q3 2019 earnings at $2.07 EPS and Q4 2019 earnings at $1.62 EPS.

A number of other research firms also recently commented on TREE. BidaskClub upgraded shares of Lendingtree from a “sell” rating to a “hold” rating in a report on Wednesday, September 5th. ValuEngine upgraded shares of Lendingtree from a “sell” rating to a “hold” rating in a report on Saturday, September 1st. Northland Securities downgraded shares of Lendingtree from an “outperform” rating to a “market perform” rating in a report on Monday, November 12th. Deutsche Bank cut their price objective on shares of Lendingtree from $290.00 to $270.00 and set a “hold” rating for the company in a report on Thursday, August 16th. Finally, Zacks Investment Research upgraded shares of Lendingtree from a “hold” rating to a “buy” rating and set a $253.00 price objective for the company in a report on Tuesday, September 25th. Two analysts have rated the stock with a sell rating, eight have assigned a hold rating and eight have issued a buy rating to the stock. Lendingtree has an average rating of “Hold” and a consensus price target of $330.13.

TREE stock opened at $260.34 on Monday. The stock has a market capitalization of $3.34 billion, a price-to-earnings ratio of 86.21, a price-to-earnings-growth ratio of 1.99 and a beta of 2.10. The company has a debt-to-equity ratio of 0.66, a current ratio of 3.33 and a quick ratio of 3.33. Lendingtree has a 12 month low of $183.25 and a 12 month high of $404.40.

Lendingtree (NASDAQ:TREE) last released its quarterly earnings data on Thursday, November 1st. The financial services provider reported $1.92 EPS for the quarter, beating the Zacks’ consensus estimate of $1.31 by $0.61. The company had revenue of $197.10 million during the quarter, compared to the consensus estimate of $199.28 million. Lendingtree had a net margin of 12.73% and a return on equity of 12.86%. Lendingtree’s quarterly revenue was up 14.9% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.17 EPS.

Institutional investors have recently bought and sold shares of the stock. Macquarie Group Ltd. increased its holdings in Lendingtree by 84.2% in the 2nd quarter. Macquarie Group Ltd. now owns 353,187 shares of the financial services provider’s stock valued at $75,511,000 after purchasing an additional 161,407 shares during the last quarter. Keybank National Association OH increased its holdings in Lendingtree by 45.3% in the 2nd quarter. Keybank National Association OH now owns 4,510 shares of the financial services provider’s stock valued at $964,000 after purchasing an additional 1,407 shares during the last quarter. Granahan Investment Management Inc. MA increased its holdings in Lendingtree by 337.4% in the 2nd quarter. Granahan Investment Management Inc. MA now owns 41,171 shares of the financial services provider’s stock valued at $8,802,000 after purchasing an additional 31,758 shares during the last quarter. Schroder Investment Management Group increased its holdings in Lendingtree by 35.4% in the 2nd quarter. Schroder Investment Management Group now owns 2,134 shares of the financial services provider’s stock valued at $448,000 after purchasing an additional 558 shares during the last quarter. Finally, Metropolitan Life Insurance Co. NY increased its holdings in Lendingtree by 12.4% in the 2nd quarter. Metropolitan Life Insurance Co. NY now owns 4,584 shares of the financial services provider’s stock valued at $980,000 after purchasing an additional 507 shares during the last quarter. Hedge funds and other institutional investors own 86.31% of the company’s stock.

In other news, Director Steven Ozonian sold 975 shares of the firm’s stock in a transaction that occurred on Friday, November 2nd. The shares were sold at an average price of $247.83, for a total transaction of $241,634.25. Following the completion of the sale, the director now owns 7,344 shares in the company, valued at approximately $1,820,063.52. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. 20.50% of the stock is owned by company insiders.

Lendingtree Company Profile

LendingTree, Inc engages in the operation of online loan marketplace for consumers seeking loans and other credit-based offerings. It provides mortgage loans, home equity, reverse mortgage, auto loans, credit cards, personal loans, student loans, and small business loans. The company was founded Douglas Lebda in April 2008 and is headquartered in Charlotte, NC.

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Earnings History and Estimates for Lendingtree (NASDAQ:TREE)

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