Equities research analysts forecast that Match Group Inc (NASDAQ:MTCH) will report $0.36 earnings per share (EPS) for the current fiscal quarter, according to Zacks Investment Research. Five analysts have provided estimates for Match Group’s earnings. The highest EPS estimate is $0.40 and the lowest is $0.34. Match Group posted earnings per share of $0.19 during the same quarter last year, which would suggest a positive year-over-year growth rate of 89.5%. The business is expected to announce its next earnings report on Tuesday, November 6th.
According to Zacks, analysts expect that Match Group will report full-year earnings of $1.41 per share for the current year, with EPS estimates ranging from $1.36 to $1.49. For the next year, analysts expect that the company will post earnings of $1.79 per share, with EPS estimates ranging from $1.59 to $1.97. Zacks Investment Research’s EPS averages are an average based on a survey of research firms that that provide coverage for Match Group.
Match Group (NASDAQ:MTCH) last issued its quarterly earnings results on Tuesday, August 7th. The technology company reported $0.41 EPS for the quarter, topping the Zacks’ consensus estimate of $0.31 by $0.10. The business had revenue of $421.20 million for the quarter, compared to analyst estimates of $413.07 million. Match Group had a return on equity of 53.18% and a net margin of 32.94%.
MTCH has been the topic of a number of recent analyst reports. BidaskClub lowered Match Group from a “strong-buy” rating to a “buy” rating in a report on Wednesday, June 27th. ValuEngine lowered Match Group from a “buy” rating to a “hold” rating in a report on Monday, July 2nd. Wells Fargo & Co reissued a “hold” rating and issued a $41.00 target price on shares of Match Group in a research report on Wednesday, August 8th. BMO Capital Markets raised their target price on Match Group from $45.00 to $52.00 and gave the stock an “outperform” rating in a research report on Thursday, August 9th. Finally, Barclays raised their target price on Match Group from $39.00 to $46.00 and gave the stock an “equal weight” rating in a research report on Thursday, August 9th. Eight equities research analysts have rated the stock with a hold rating, eleven have given a buy rating and two have issued a strong buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average target price of $49.69.
Match Group stock traded up $2.74 during mid-day trading on Friday, reaching $54.14. 2,688,020 shares of the company’s stock were exchanged, compared to its average volume of 2,442,616. The firm has a market capitalization of $16.03 billion, a P/E ratio of 104.12, a price-to-earnings-growth ratio of 3.78 and a beta of 0.35. Match Group has a one year low of $24.40 and a one year high of $60.95. The company has a current ratio of 1.54, a quick ratio of 1.54 and a debt-to-equity ratio of 2.18.
In other Match Group news, CEO Amanda Ginsberg sold 11,196 shares of the firm’s stock in a transaction on Tuesday, August 21st. The stock was sold at an average price of $48.78, for a total value of $546,140.88. Following the completion of the sale, the chief executive officer now directly owns 19,349 shares of the company’s stock, valued at $943,844.22. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Gary Swidler sold 105,611 shares of Match Group stock in a transaction on Thursday, August 23rd. The shares were sold at an average price of $49.57, for a total value of $5,235,137.27. Following the completion of the transaction, the chief financial officer now owns 266,010 shares of the company’s stock, valued at $13,186,115.70. The disclosure for this sale can be found here. Insiders sold 251,000 shares of company stock valued at $12,382,872 over the last three months. Company insiders own 7.00% of the company’s stock.
Several hedge funds and other institutional investors have recently made changes to their positions in MTCH. Flagship Harbor Advisors LLC purchased a new position in shares of Match Group in the second quarter valued at $111,000. TLP Group LLC grew its position in shares of Match Group by 12,204.8% in the first quarter. TLP Group LLC now owns 2,584 shares of the technology company’s stock valued at $115,000 after purchasing an additional 2,563 shares in the last quarter. Financial Architects Inc grew its position in shares of Match Group by 410.3% in the second quarter. Financial Architects Inc now owns 3,649 shares of the technology company’s stock valued at $141,000 after purchasing an additional 2,934 shares in the last quarter. Valeo Financial Advisors LLC purchased a new position in shares of Match Group in the second quarter valued at $150,000. Finally, Metropolitan Life Insurance Co. NY grew its position in shares of Match Group by 48.9% in the second quarter. Metropolitan Life Insurance Co. NY now owns 4,067 shares of the technology company’s stock valued at $158,000 after purchasing an additional 1,336 shares in the last quarter. Institutional investors own 22.58% of the company’s stock.
Match Group Company Profile
Match Group, Inc provides dating products. It operates a portfolio of brands, including Tinder, Match, PlentyOfFish, Meetic, OkCupid, OurTime, and Pairs. Match Group, Inc offers its dating products through its Websites and applications in 42 languages approximately in 190 countries. The company was incorporated in 2009 and is headquartered in Dallas, Texas.
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