Equities analysts expect that Match Group Inc (NASDAQ:MTCH) will report earnings of $0.47 per share for the current quarter, according to Zacks. 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 posted earnings of $0.39 per share during the same quarter last year, which would suggest a positive year over year growth rate of 20.5%. The business is scheduled to report its next earnings results on Tuesday, November 5th.
On average, analysts expect that Match Group will report full year earnings of $1.97 per share for the current year, with EPS estimates ranging from $1.79 to $2.08. For the next fiscal year, analysts anticipate that the firm will report earnings of $2.29 per share, with EPS estimates ranging from $2.24 to $2.36. Zacks Investment Research’s EPS calculations are a mean average based on a survey of sell-side research firms that follow Match Group.
Match Group (NASDAQ:MTCH) last released its quarterly earnings results on Tuesday, August 6th. The technology company reported $0.43 EPS for the quarter, topping analysts’ consensus estimates of $0.41 by $0.02. Match Group had a net margin of 26.51% and a return on equity of 166.69%. The company had revenue of $498.00 million for the quarter, compared to the consensus estimate of $489.16 million. During the same period in the previous year, the firm earned $0.45 EPS. Match Group’s revenue was up 18.2% on a year-over-year basis.
A number of analysts have commented on the stock. Goldman Sachs Group upgraded shares of Match Group from a “sell” rating to a “neutral” rating and boosted their price target for the stock from $48.00 to $66.00 in a research report on Thursday, May 9th. SunTrust Banks boosted their price target on shares of Match Group from $62.00 to $90.00 and gave the stock a “hold” rating in a research report on Thursday, August 8th. BidaskClub upgraded shares of Match Group from a “hold” rating to a “buy” rating in a research report on Friday, July 19th. Macquarie restated an “outperform” rating and set a $92.00 price target (up from $74.00) on shares of Match Group in a research report on Thursday, August 8th. Finally, 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 research report on Wednesday, August 7th. They noted that the move was a valuation call. Nine equities research analysts have rated the stock with a hold rating, six have issued a buy rating and one has given a strong buy rating to the stock. Match Group has a consensus rating of “Buy” and an average target price of $86.91.
In other news, CAO Philip D. Eigenmann sold 7,057 shares of Match Group stock in a transaction that occurred on Friday, August 16th. The shares were sold at an average price of $84.49, for a total value of $596,245.93. Following the transaction, the chief accounting officer now directly owns 13,133 shares of the company’s stock, valued at $1,109,607.17. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider Philip D. Eigenmann sold 4,328 shares of Match Group stock in a transaction that occurred on Thursday, June 6th. The stock was sold at an average price of $70.87, for a total transaction of $306,725.36. Following the completion of the transaction, the insider now directly owns 10,506 shares in the company, valued at $744,560.22. The disclosure for this sale can be found here. Over the last three months, insiders sold 162,305 shares of company stock worth $11,640,493. 3.00% of the stock is currently owned by insiders.
Institutional investors have recently added to or reduced their stakes in the company. Crosspoint Capital Strategies LLC purchased a new position in Match Group during the first quarter valued at approximately $1,464,000. Marshall Wace LLP purchased a new position in Match Group during the first quarter valued at approximately $5,739,000. Marshall Wace North America L.P. purchased a new position in Match Group during the first quarter valued at approximately $5,467,000. Piedmont Investment Advisors Inc. purchased a new position in Match Group during the first quarter valued at approximately $220,000. Finally, Cambridge Trust Co. grew its position in Match Group by 5.3% during the first quarter. Cambridge Trust Co. now owns 10,571 shares of the technology company’s stock valued at $599,000 after purchasing an additional 530 shares in the last quarter. 22.23% of the stock is currently owned by institutional investors and hedge funds.
MTCH stock opened at $85.35 on Monday. Match Group has a 52 week low of $33.30 and a 52 week high of $95.32. The company has a market capitalization of $23.31 billion, a price-to-earnings ratio of 64.17, a price-to-earnings-growth ratio of 2.82 and a beta of 0.27. The firm’s 50-day moving average is $77.43 and its two-hundred day moving average is $65.72. The company has a current ratio of 1.32, a quick ratio of 1.32 and a debt-to-equity ratio of 7.63.
About Match Group
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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