Lendingtree (TREE) Issues Quarterly Earnings Results

Lendingtree (NASDAQ:TREE) posted its quarterly earnings results on Thursday. The financial services provider reported $1.92 EPS for the quarter, beating the consensus estimate of $1.91 by $0.01, Briefing.com reports. Lendingtree had a net margin of 10.82% and a return on equity of 12.09%. The company had revenue of $197.10 million for the quarter, compared to analyst estimates of $199.28 million. During the same period in the prior year, the company earned $1.17 earnings per share. The firm’s revenue was up 14.9% on a year-over-year basis. Lendingtree updated its FY 2018 guidance to EPS.

TREE stock opened at $250.40 on Friday. The company has a debt-to-equity ratio of 0.70, a quick ratio of 3.59 and a current ratio of 3.59. Lendingtree has a 52-week low of $183.25 and a 52-week high of $404.40. The stock has a market cap of $2.49 billion, a PE ratio of 82.91, a PEG ratio of 1.28 and a beta of 2.11.

Several equities research analysts have commented on TREE shares. ValuEngine lowered shares of Lendingtree from a “hold” rating to a “sell” rating in a report on Wednesday, September 12th. Northland Securities lowered shares of Lendingtree from an “outperform” rating to a “market perform” rating in a report on Friday, July 27th. Zacks Investment Research lowered shares of Lendingtree from a “buy” rating to a “hold” rating in a report on Wednesday, September 26th. BidaskClub lowered shares of Lendingtree from a “hold” rating to a “sell” rating in a report on Thursday, August 9th. Finally, Royal Bank of Canada reaffirmed a “buy” rating on shares of Lendingtree in a report on Friday, July 27th. Two investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and nine have assigned a buy rating to the company’s stock. Lendingtree presently has an average rating of “Hold” and a consensus price target of $330.13.

In other news, Director Peter Horan sold 1,000 shares of the stock in a transaction dated Tuesday, August 7th. The shares were sold at an average price of $244.51, for a total transaction of $244,510.00. Following the sale, the director now directly owns 24,015 shares of the company’s stock, valued at approximately $5,871,907.65. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Corporate insiders own 20.50% of the company’s stock.

Several hedge funds have recently bought and sold shares of TREE. Xact Kapitalforvaltning AB boosted its stake in shares of Lendingtree by 43.7% during the 1st quarter. Xact Kapitalforvaltning AB now owns 986 shares of the financial services provider’s stock worth $324,000 after acquiring an additional 300 shares in the last quarter. Allianz Asset Management GmbH lifted its stake in Lendingtree by 38.1% in the 1st quarter. Allianz Asset Management GmbH now owns 301,365 shares of the financial services provider’s stock valued at $98,893,000 after buying an additional 83,215 shares in the last quarter. Spence Asset Management lifted its stake in Lendingtree by 5.2% in the 2nd quarter. Spence Asset Management now owns 11,078 shares of the financial services provider’s stock valued at $2,367,000 after buying an additional 550 shares in the last quarter. Empowered Funds LLC lifted its stake in Lendingtree by 83.3% in the 2nd quarter. Empowered Funds LLC now owns 6,036 shares of the financial services provider’s stock valued at $1,268,000 after buying an additional 2,743 shares in the last quarter. Finally, Bank of Montreal Can lifted its stake in Lendingtree by 16.1% in the 2nd quarter. Bank of Montreal Can now owns 7,485 shares of the financial services provider’s stock valued at $1,600,000 after buying an additional 1,036 shares in the last quarter. 84.86% of the stock is currently owned by institutional investors and hedge funds.

About Lendingtree

LendingTree, Inc, through its subsidiary, LendingTree, LLC, operates an online loan marketplace for consumers seeking loans and other credit-based offerings in the United States. Its mortgage products comprise purchase and refinance products. The company also provides information, tools, and access to various conditional loan offers for non-mortgage products, including auto loans, credit cards, home equity loans, personal loans, reverse mortgages, small business loans, and student loans.

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Earnings History for Lendingtree (NASDAQ:TREE)

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