Zacks: Analysts Anticipate Match Group, Inc. (NASDAQ:MTCH) Will Announce Earnings of $0.46 Per Share


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Brokerages forecast that Match Group, Inc. (NASDAQ:MTCH) will post earnings per share (EPS) of $0.46 for the current quarter, Zacks reports. Eight analysts have made estimates for Match Group’s earnings, with the lowest EPS estimate coming in at $0.45 and the highest estimate coming in at $0.47. Match Group reported earnings per share of $0.01 during the same quarter last year, which would suggest a positive year-over-year growth rate of 4,500%. The company is scheduled to announce its next earnings report after the market closes on Tuesday, May 4th.

On average, analysts expect that Match Group will report full year earnings of $2.33 per share for the current financial year, with EPS estimates ranging from $2.22 to $2.43. For the next fiscal year, analysts forecast that the company will post earnings of $3.02 per share, with EPS estimates ranging from $2.89 to $3.21. Zacks’ earnings per share calculations are a mean average based on a survey of sell-side research analysts that that provide coverage for Match Group.

Match Group (NASDAQ:MTCH) last issued its quarterly earnings results on Monday, February 1st. The technology company reported $0.48 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.48. Match Group had a return on equity of 32.15% and a net margin of 2.43%. The business had revenue of $651.41 million for the quarter, compared to the consensus estimate of $650.44 million. During the same period in the prior year, the firm posted $0.45 earnings per share. The business’s quarterly revenue was up 19.1% on a year-over-year basis.

MTCH has been the topic of a number of recent analyst reports. BTIG Research upgraded Match Group from a “neutral” rating to a “buy” rating and set a $175.00 price target on the stock in a research report on Monday, April 19th. Wedbush lifted their price objective on Match Group from $135.00 to $150.00 and gave the stock a “neutral” rating in a report on Wednesday, February 10th. Susquehanna Bancshares raised Match Group from a “neutral” rating to a “positive” rating and lifted their price target for the stock from $150.00 to $165.00 in a research note on Thursday, February 4th. Wells Fargo & Company lifted their target price on shares of Match Group from $140.00 to $160.00 and gave the stock an “equal weight” rating in a research note on Thursday, January 28th. Finally, Susquehanna raised shares of Match Group from a “neutral” rating to a “positive” rating and upped their price objective for the company from $150.00 to $165.00 in a research note on Thursday, February 4th. Seven analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus price target of $146.64.

NASDAQ MTCH traded down $11.90 during trading hours on Thursday, reaching $136.54. The stock had a trading volume of 113,591 shares, compared to its average volume of 2,495,466. The stock has a fifty day moving average of $146.35 and a 200 day moving average of $144.60. Match Group has a 52-week low of $87.56 and a 52-week high of $174.68. The stock has a market cap of $36.73 billion, a P/E ratio of -209.15, a price-to-earnings-growth ratio of 6.90 and a beta of 1.20.

In other news, Director Joseph Levin sold 144,557 shares of the business’s stock in a transaction dated Thursday, February 25th. The stock was sold at an average price of $156.41, for a total transaction of $22,610,160.37. Following the completion of the transaction, the director now directly owns 180,174 shares of the company’s stock, valued at $28,181,015.34. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Glenn Schiffman sold 25,000 shares of the company’s stock in a transaction that occurred on Tuesday, February 16th. The stock was sold at an average price of $168.10, for a total transaction of $4,202,500.00. Following the sale, the director now owns 34,898 shares in the company, valued at $5,866,353.80. The disclosure for this sale can be found here. Company insiders own 3.00% of the company’s stock.

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Amundi Pioneer Asset Management Inc. purchased a new stake in shares of Match Group during the 1st quarter worth $4,333,000. Schonfeld Strategic Advisors LLC lifted its stake in Match Group by 221.9% during the third quarter. Schonfeld Strategic Advisors LLC now owns 207,301 shares of the technology company’s stock worth $22,937,000 after purchasing an additional 142,900 shares during the last quarter. IHT Wealth Management LLC boosted its holdings in Match Group by 129.1% in the third quarter. IHT Wealth Management LLC now owns 10,727 shares of the technology company’s stock valued at $1,187,000 after purchasing an additional 6,044 shares in the last quarter. Eudaimonia Partners LLC purchased a new stake in shares of Match Group during the 3rd quarter worth approximately $25,000. Finally, Alexandria Capital LLC purchased a new position in Match Group during the 3rd quarter worth approximately $532,000. Institutional investors own 94.67% of the company’s stock.

About Match Group

Match Group, Inc provides dating products worldwide. The company's portfolio of brands includes Tinder, Match, Meetic, OkCupid, Hinge, Pairs, PlentyOfFish, and OurTime, as well as a various other brands. The company was incorporated in 1986 and is based in Dallas, Texas.

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