Equities analysts expect Lendingtree Inc (NASDAQ:TREE) to post $150.22 million in sales for the current quarter, Zacks reports. Four analysts have provided estimates for Lendingtree’s earnings, with the lowest sales estimate coming in at $148.50 million and the highest estimate coming in at $152.00 million. Lendingtree reported sales of $100.84 million during the same quarter last year, which indicates a positive year-over-year growth rate of 49%. The company is scheduled to report its next quarterly earnings report on Thursday, February 22nd.
According to Zacks, analysts expect that Lendingtree will report full-year sales of $150.22 million for the current year, with estimates ranging from $605.28 million to $608.80 million. For the next financial year, analysts forecast that the company will report sales of $782.85 million per share, with estimates ranging from $780.70 million to $785.00 million. Zacks Investment Research’s sales calculations are an average based on a survey of research firms that follow Lendingtree.
Lendingtree (NASDAQ:TREE) last released its earnings results on Thursday, October 26th. The financial services provider reported $1.17 EPS for the quarter, topping the Zacks’ consensus estimate of $0.97 by $0.20. Lendingtree had a return on equity of 16.52% and a net margin of 5.49%. The firm had revenue of $171.50 million during the quarter, compared to the consensus estimate of $157.97 million. During the same quarter in the previous year, the company posted $0.80 earnings per share. The company’s revenue was up 81.3% compared to the same quarter last year.
TREE has been the subject of several recent research reports. Zacks Investment Research upgraded Lendingtree from a “sell” rating to a “hold” rating in a research report on Thursday, September 28th. Bank of America lifted their price target on Lendingtree from $250.00 to $285.00 and gave the company a “buy” rating in a research report on Tuesday, October 10th. BWS Financial cut Lendingtree from a “buy” rating to a “sell” rating and set a $194.00 price target for the company. in a research report on Thursday, October 12th. Stephens lifted their price target on Lendingtree from $250.00 to $300.00 and gave the company an “overweight” rating in a research report on Thursday, October 26th. Finally, Needham & Company LLC reiterated a “buy” rating and set a $300.00 price target (up from $250.00) on shares of Lendingtree in a research report on Thursday, October 26th. One research analyst has rated the stock with a sell rating, one has assigned a hold rating, eleven have issued a buy rating and one has issued a strong buy rating to the stock. Lendingtree presently has a consensus rating of “Buy” and a consensus target price of $278.08.
In other Lendingtree news, President Neil Salvage sold 1,500 shares of the business’s stock in a transaction on Friday, October 27th. The stock was sold at an average price of $267.08, for a total transaction of $400,620.00. Following the transaction, the president now owns 12,907 shares of the company’s stock, valued at $3,447,201.56. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Nikul Patel sold 1,000 shares of the business’s stock in a transaction on Wednesday, November 29th. The stock was sold at an average price of $300.00, for a total value of $300,000.00. Following the transaction, the insider now directly owns 4,953 shares in the company, valued at approximately $1,485,900. The disclosure for this sale can be found here. Insiders have sold 125,374 shares of company stock worth $37,115,606 in the last three months. 21.90% of the stock is currently owned by corporate insiders.
Several institutional investors have recently made changes to their positions in TREE. Schwab Charles Investment Management Inc. lifted its stake in shares of Lendingtree by 3.0% in the 2nd quarter. Schwab Charles Investment Management Inc. now owns 31,573 shares of the financial services provider’s stock valued at $5,437,000 after purchasing an additional 918 shares during the last quarter. SG Americas Securities LLC acquired a new position in shares of Lendingtree in the 2nd quarter valued at $148,000. Legal & General Group Plc lifted its stake in shares of Lendingtree by 10.6% in the 2nd quarter. Legal & General Group Plc now owns 12,992 shares of the financial services provider’s stock valued at $2,239,000 after purchasing an additional 1,240 shares during the last quarter. Principal Financial Group Inc. lifted its stake in shares of Lendingtree by 0.9% in the 2nd quarter. Principal Financial Group Inc. now owns 55,412 shares of the financial services provider’s stock valued at $9,542,000 after purchasing an additional 517 shares during the last quarter. Finally, Alliancebernstein L.P. lifted its stake in shares of Lendingtree by 74.7% in the 2nd quarter. Alliancebernstein L.P. now owns 16,070 shares of the financial services provider’s stock valued at $2,767,000 after purchasing an additional 6,870 shares during the last quarter. 71.68% of the stock is currently owned by institutional investors and hedge funds.
Shares of Lendingtree (TREE) opened at $372.75 on Thursday. The company has a current ratio of 3.86, a quick ratio of 3.86 and a debt-to-equity ratio of 0.78. Lendingtree has a twelve month low of $103.80 and a twelve month high of $374.50. The company has a market capitalization of $4,460.00, a PE ratio of 147.33, a P/E/G ratio of 2.16 and a beta of 1.54.
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Lendingtree Company Profile
LendingTree, Inc (LendingTree) is engaged in operating an online loan marketplace for consumers seeking loans and other credit-based offerings. The Company’s online marketplace provides consumers with access to product offerings from various lenders, which it refers to as Network Lenders, including mortgage loans, home equity loans and lines of credit, reverse mortgage loans, auto loans, credit cards, personal loans, student loans, small business loans and other related offerings.
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