Brokerages expect that Match Group Inc (NASDAQ:MTCH) will report earnings per share (EPS) of $0.47 for the current fiscal quarter, Zacks Investment Research reports. Five analysts have made estimates for Match Group’s earnings, with the lowest EPS estimate coming in at $0.45 and the highest estimate coming in at $0.50. Match Group reported earnings per share of $0.39 in the same quarter last year, which would suggest a positive year-over-year growth rate of 20.5%. The business is expected to report its next quarterly earnings results on Tuesday, November 5th.
According to Zacks, analysts expect that Match Group will report full year earnings of $1.97 per share for the current fiscal year, with EPS estimates ranging from $1.79 to $2.08. For the next year, analysts anticipate that the business will post earnings of $2.29 per share, with EPS estimates ranging from $2.24 to $2.36. Zacks Investment Research’s EPS averages are an average based on a survey of sell-side research firms that that provide coverage for Match Group.
Match Group (NASDAQ:MTCH) last released its quarterly earnings results on Tuesday, August 6th. The technology company reported $0.43 earnings per share for the quarter, topping the consensus estimate of $0.41 by $0.02. Match Group had a net margin of 26.51% and a return on equity of 166.69%. The business had revenue of $498.00 million for the quarter, compared to analysts’ expectations of $489.16 million. During the same period in the previous year, the company earned $0.45 earnings per share. The firm’s revenue for the quarter was up 18.2% compared to the same quarter last year.
Several research analysts recently weighed in on MTCH shares. Jefferies Financial Group boosted their price target on shares of Match Group from $80.00 to $105.00 and gave the stock a “buy” rating in a report on Wednesday, August 7th. They noted that the move was a valuation call. Oppenheimer upgraded shares of Match Group from a “market perform” rating to an “outperform” rating and set a $89.00 price target on the stock in a report on Thursday. UBS Group cut shares of Match Group from a “buy” rating to a “neutral” rating and boosted their price target for the stock from $77.00 to $95.00 in a report on Thursday, August 8th. Guggenheim restated a “hold” rating on shares of Match Group in a report on Tuesday, September 10th. Finally, Macquarie restated an “outperform” rating and set a $92.00 price target (up from $74.00) on shares of Match Group in a report on Thursday, August 8th. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating, eleven have given a buy rating and one has assigned a strong buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus price target of $92.75.
Match Group stock traded down $1.40 during midday trading on Friday, hitting $74.62. 310,698 shares of the stock were exchanged, compared to its average volume of 2,278,064. Match Group has a 52-week low of $33.30 and a 52-week high of $95.32. The stock has a market capitalization of $20.87 billion, a price-to-earnings ratio of 55.76, a price-to-earnings-growth ratio of 2.56 and a beta of 0.19. The business’s 50-day moving average price is $78.70 and its 200-day moving average price is $71.29. The company has a quick ratio of 1.32, a current ratio of 1.32 and a debt-to-equity ratio of 7.63.
In other Match Group news, insider Jared F. Sine sold 24,641 shares of the business’s stock in a transaction dated Thursday, August 15th. The shares were sold at an average price of $81.58, for a total value of $2,010,212.78. Following the transaction, the insider now directly owns 39,649 shares in the company, valued at $3,234,565.42. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, CAO Philip D. Eigenmann sold 7,057 shares of the business’s stock in a transaction dated Friday, August 16th. The shares were sold at an average price of $84.49, for a total transaction of $596,245.93. Following the completion of the transaction, the chief accounting officer now owns 13,133 shares in the company, valued at $1,109,607.17. The disclosure for this sale can be found here. 3.00% of the stock is owned by insiders.
Hedge funds and other institutional investors have recently bought and sold shares of the company. Parametric Portfolio Associates LLC raised its position in shares of Match Group by 4.0% in the second quarter. Parametric Portfolio Associates LLC now owns 79,971 shares of the technology company’s stock valued at $5,380,000 after purchasing an additional 3,090 shares during the period. Crosspoint Capital Strategies LLC purchased a new stake in Match Group during the 1st quarter valued at $1,464,000. Bank of America Corp DE boosted its position in Match Group by 24.5% during the 2nd quarter. Bank of America Corp DE now owns 1,187,742 shares of the technology company’s stock valued at $79,899,000 after buying an additional 233,918 shares during the period. Sawtooth Solutions LLC purchased a new stake in Match Group during the 2nd quarter valued at $251,000. Finally, Janus Henderson Group PLC purchased a new stake in Match Group during the 2nd quarter valued at $10,822,000. 22.81% of the stock is currently owned by institutional investors.
Match Group Company Profile
Match Group, Inc provides dating products worldwide. It operates a portfolio of brands, including Tinder, Match, PlentyOfFish, Meetic, OkCupid, OurTime, Pairs, and Hinge, as well as other brands. Match Group, Inc offers its dating products through its applications and Websites in approximately 40 languages.
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