Brokerages forecast that Match Group Inc (NASDAQ:MTCH) will announce earnings per share of $0.38 for the current fiscal quarter, according to Zacks. Six analysts have issued estimates for Match Group’s earnings, with the highest EPS estimate coming in at $0.42 and the lowest estimate coming in at $0.35. Match Group reported earnings per share of $0.29 in the same quarter last year, which would indicate a positive year-over-year growth rate of 31%. The company is expected to announce its next quarterly earnings results on Tuesday, February 5th.
On average, analysts expect that Match Group will report full year earnings of $1.44 per share for the current financial year, with EPS estimates ranging from $1.40 to $1.50. For the next fiscal year, analysts expect that the firm will post earnings of $1.70 per share, with EPS estimates ranging from $1.54 to $1.95. Zacks’ earnings per share calculations are a mean average based on a survey of sell-side research firms that that provide coverage for Match Group.
Match Group (NASDAQ:MTCH) last issued its earnings results on Tuesday, November 6th. The technology company reported $0.39 earnings per share for the quarter, topping the consensus estimate of $0.36 by $0.03. Match Group had a net margin of 21.24% and a return on equity of 60.95%. The company had revenue of $444.00 million for the quarter, compared to analyst estimates of $438.03 million. During the same period in the prior year, the business posted $0.19 earnings per share. The firm’s revenue for the quarter was up 29.4% compared to the same quarter last year.
Several research analysts have weighed in on the stock. Nomura assumed coverage on shares of Match Group in a research report on Thursday, October 11th. They set a “buy” rating and a $66.00 target price on the stock. BidaskClub upgraded shares of Match Group from a “buy” rating to a “strong-buy” rating in a research report on Saturday, September 29th. ValuEngine upgraded shares of Match Group from a “hold” rating to a “buy” rating in a research report on Monday, November 12th. Deutsche Bank upped their target price on shares of Match Group from $56.00 to $61.00 and gave the stock a “buy” rating in a research report on Monday, November 5th. Finally, Aegis lowered their target price on shares of Match Group from $65.00 to $62.00 and set a “buy” rating on the stock in a research report on Friday, November 9th. Eight investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. Match Group has a consensus rating of “Buy” and an average target price of $50.94.
A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Principal Financial Group Inc. raised its stake in Match Group by 9.2% during the first quarter. Principal Financial Group Inc. now owns 98,142 shares of the technology company’s stock valued at $4,361,000 after buying an additional 8,306 shares during the last quarter. Aperio Group LLC raised its stake in shares of Match Group by 17.4% in the second quarter. Aperio Group LLC now owns 66,823 shares of the technology company’s stock worth $2,589,000 after purchasing an additional 9,928 shares during the last quarter. Raymond James Financial Services Advisors Inc. raised its stake in shares of Match Group by 135.1% in the second quarter. Raymond James Financial Services Advisors Inc. now owns 100,167 shares of the technology company’s stock worth $3,880,000 after purchasing an additional 57,557 shares during the last quarter. Alps Advisors Inc. raised its stake in shares of Match Group by 88.1% in the second quarter. Alps Advisors Inc. now owns 19,905 shares of the technology company’s stock worth $623,000 after purchasing an additional 9,322 shares during the last quarter. Finally, Smith Asset Management Group LP purchased a new position in shares of Match Group in the second quarter worth $8,786,000. Hedge funds and other institutional investors own 23.50% of the company’s stock.
MTCH traded down $1.30 on Friday, hitting $39.87. 2,258,673 shares of the company were exchanged, compared to its average volume of 2,744,472. The company has a current ratio of 1.63, a quick ratio of 1.63 and a debt-to-equity ratio of 1.93. Match Group has a fifty-two week low of $28.28 and a fifty-two week high of $60.95. The firm has a market capitalization of $11.09 billion, a P/E ratio of 76.67, a PEG ratio of 2.50 and a beta of 0.63.
The company also recently announced a special dividend, which will be paid on Wednesday, December 19th. Investors of record on Wednesday, December 5th will be given a dividend of $2.00 per share. The ex-dividend date is Tuesday, December 4th.
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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