LendingTree (NASDAQ:TREE – Get Free Report) will be issuing its quarterly earnings data after the market closes on Thursday, July 25th. Analysts expect the company to announce earnings of $0.73 per share for the quarter. LendingTree has set its FY 2024 guidance at EPS and its Q2 2024 guidance at EPS.Investors interested in participating in the company’s conference call can do so using this link.
LendingTree (NASDAQ:TREE – Get Free Report) last posted its earnings results on Tuesday, April 30th. The financial services provider reported $0.11 earnings per share for the quarter, topping the consensus estimate of ($0.25) by $0.36. LendingTree had a negative net margin of 21.07% and a positive return on equity of 1.34%. The company had revenue of $167.80 million for the quarter, compared to analyst estimates of $164.03 million. On average, analysts expect LendingTree to post $0 EPS for the current fiscal year and $0 EPS for the next fiscal year.
LendingTree Stock Down 0.8 %
NASDAQ:TREE opened at $54.04 on Wednesday. LendingTree has a 1 year low of $10.12 and a 1 year high of $55.95. The company has a debt-to-equity ratio of 4.80, a current ratio of 3.71 and a quick ratio of 3.71. The stock has a 50-day moving average price of $44.28 and a two-hundred day moving average price of $39.89.
Insiders Place Their Bets
Analysts Set New Price Targets
A number of research firms have issued reports on TREE. Oppenheimer increased their target price on LendingTree from $45.00 to $55.00 and gave the stock an “outperform” rating in a report on Wednesday, May 1st. StockNews.com raised LendingTree from a “hold” rating to a “buy” rating in a research report on Thursday, May 2nd. Stephens reaffirmed an “overweight” rating and set a $55.00 price target on shares of LendingTree in a research report on Thursday, June 20th. Needham & Company LLC reaffirmed a “buy” rating and issued a $56.00 target price on shares of LendingTree in a research report on Thursday, June 20th. Finally, Keefe, Bruyette & Woods lifted their price target on shares of LendingTree from $45.00 to $60.00 and gave the company an “outperform” rating in a research note on Wednesday, May 1st. One investment analyst has rated the stock with a hold rating and seven have issued a buy rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $49.43.
Check Out Our Latest Stock Report on LendingTree
LendingTree Company Profile
LendingTree, Inc, through its subsidiary, operates online consumer platform in the United States. It operates through three segments: Home, Consumer, and Insurance. The Home segment offers purchase mortgage, refinance mortgage, and home equity loans and lines of credit; and real estate brokerage services.
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