Wall Street analysts expect Match Group Inc (NASDAQ:MTCH) to announce earnings of $0.21 per share for the current quarter, according to Zacks. Two analysts have issued estimates for Match Group’s earnings. The lowest EPS estimate is $0.19 and the highest is $0.25. Match Group posted earnings per share of $0.12 during the same quarter last year, which indicates a positive year over year growth rate of 75%. The business is expected to issue its next earnings report on Tuesday, May 1st.
On average, analysts expect that Match Group will report full-year earnings of $1.13 per share for the current year, with EPS estimates ranging from $0.98 to $1.35. For the next fiscal year, analysts expect that the business will report earnings of $1.37 per share, with EPS estimates ranging from $1.19 to $1.58. Zacks Investment Research’s earnings per share calculations are a mean average based on a survey of analysts that cover Match Group.
Match Group (NASDAQ:MTCH) last announced its earnings results on Tuesday, February 6th. The technology company reported $0.18 EPS for the quarter, missing the consensus estimate of $0.32 by ($0.14). Match Group had a return on equity of 31.18% and a net margin of 34.06%. The firm had revenue of $379.00 million during the quarter, compared to analyst estimates of $362.86 million. During the same quarter in the previous year, the business earned $0.29 earnings per share. The business’s quarterly revenue was up 28.5% compared to the same quarter last year.
Several brokerages have commented on MTCH. Zacks Investment Research cut shares of Match Group from a “hold” rating to a “sell” rating in a report on Thursday, January 25th. Cowen reiterated an “outperform” rating and issued a $28.00 target price (up from $22.00) on shares of Match Group in a report on Friday, October 13th. BMO Capital Markets reiterated an “outperform” rating and issued a $30.00 target price (up from $21.00) on shares of Match Group in a report on Friday, October 13th. UBS Group cut shares of Match Group from an “outperform” rating to a “market perform” rating and raised their target price for the stock from $28.00 to $35.00 in a report on Thursday, November 9th. Finally, Vetr cut shares of Match Group from a “buy” rating to a “hold” rating and set a $36.09 target price for the company. in a report on Monday, January 29th. One analyst has rated the stock with a sell rating, five have given a hold rating, twelve have assigned a buy rating and one has assigned a strong buy rating to the stock. The stock has an average rating of “Buy” and an average target price of $34.01.
Shares of Match Group (NASDAQ:MTCH) traded up $3.20 on Wednesday, hitting $36.46. 1,719,328 shares of the company’s stock traded hands, compared to its average volume of 1,367,292. Match Group has a one year low of $15.42 and a one year high of $36.79. The firm has a market capitalization of $9,240.56, a PE ratio of 24.47, a price-to-earnings-growth ratio of 2.58 and a beta of 0.91. The company has a debt-to-equity ratio of 2.40, a quick ratio of 0.92 and a current ratio of 0.92.
In related news, Director Ann Mcdaniel sold 11,119 shares of the firm’s stock in a transaction that occurred on Monday, November 27th. The shares were sold at an average price of $30.62, for a total transaction of $340,463.78. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Company insiders own 18.10% of the company’s stock.
A number of institutional investors and hedge funds have recently modified their holdings of MTCH. Vanguard Group Inc. raised its position in Match Group by 34.8% during the second quarter. Vanguard Group Inc. now owns 6,268,369 shares of the technology company’s stock valued at $108,945,000 after acquiring an additional 1,617,950 shares in the last quarter. Wells Fargo & Company MN raised its position in Match Group by 493.8% during the third quarter. Wells Fargo & Company MN now owns 1,003,722 shares of the technology company’s stock valued at $23,276,000 after acquiring an additional 834,681 shares in the last quarter. Rathbone Brothers plc bought a new position in Match Group during the fourth quarter valued at approximately $21,103,000. Gladstone Capital Management LLP bought a new position in Match Group during the third quarter valued at approximately $13,962,000. Finally, Koch Industries Inc. raised its position in Match Group by 1,409.6% during the second quarter. Koch Industries Inc. now owns 566,085 shares of the technology company’s stock valued at $535,000 after acquiring an additional 528,585 shares in the last quarter. 20.33% of the stock is currently owned by hedge funds and other institutional investors.
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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.
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