Wall Street brokerages forecast that LendingTree, Inc. (NASDAQ:TREE) will announce earnings of $0.73 per share for the current fiscal quarter, according to Zacks Investment Research. Three analysts have provided estimates for LendingTree’s earnings. The lowest EPS estimate is $0.70 and the highest is $0.76. LendingTree also reported earnings per share of $0.73 in the same quarter last year. The business is expected to issue its next earnings report on Thursday, July 27th.
On average, analysts expect that LendingTree will report full-year earnings of $2.89 per share for the current fiscal year, with EPS estimates ranging from $2.81 to $2.98. For the next year, analysts expect that the company will post earnings of $3.89 per share. Zacks’ EPS averages are a mean average based on a survey of analysts that cover LendingTree.
LendingTree (NASDAQ:TREE) last announced its quarterly earnings results on Thursday, April 27th. The financial services provider reported $0.96 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.69 by $0.27. The company had revenue of $132.50 million during the quarter, compared to the consensus estimate of $124.99 million. LendingTree had a net margin of 6.79% and a return on equity of 18.12%. The company’s revenue for the quarter was up 39.9% compared to the same quarter last year. During the same period in the prior year, the business earned $0.76 earnings per share.
TREE has been the topic of several research reports. Mizuho raised their price objective on shares of LendingTree from $120.00 to $135.00 and gave the company a “buy” rating in a research report on Friday, February 24th. Royal Bank Of Canada raised their price objective on shares of LendingTree from $120.00 to $140.00 and gave the company an “outperform” rating in a research report on Friday, February 24th. Oppenheimer Holdings, Inc. restated an “outperform” rating and set a $140.00 price objective (up previously from $129.00) on shares of LendingTree in a research report on Monday, February 27th. Zacks Investment Research cut shares of LendingTree from a “hold” rating to a “sell” rating in a research report on Thursday, March 2nd. Finally, Needham & Company LLC raised their price objective on shares of LendingTree from $140.00 to $170.00 and gave the company a “buy” rating in a research report on Friday, April 28th. One research analyst has rated the stock with a sell rating and twelve have issued a buy rating to the company’s stock. LendingTree currently has a consensus rating of “Buy” and an average target price of $157.91.
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Shares of LendingTree (NASDAQ:TREE) traded down 0.08% on Monday, hitting $178.70. 70,822 shares of the stock traded hands. The firm has a market cap of $2.13 billion, a P/E ratio of 80.79 and a beta of 1.65. LendingTree has a 52 week low of $73.65 and a 52 week high of $180.23. The stock has a 50-day moving average price of $158.45 and a 200 day moving average price of $125.66.
In other LendingTree news, Director Interactive Corp Liberty bought 450,000 shares of the firm’s stock in a transaction that occurred on Tuesday, June 6th. The shares were bought at an average price of $170.70 per share, for a total transaction of $76,815,000.00. The purchase was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CEO Douglas R. Lebda sold 4,000 shares of LendingTree stock in a transaction on Wednesday, April 5th. The stock was sold at an average price of $119.23, for a total transaction of $476,920.00. Following the completion of the transaction, the chief executive officer now owns 648,896 shares in the company, valued at approximately $77,367,870.08. The disclosure for this sale can be found here. In the last quarter, insiders sold 175,750 shares of company stock worth $25,518,461. 22.00% of the stock is owned by corporate insiders.
A number of institutional investors have recently modified their holdings of TREE. Campbell Newman Asset Management Inc. raised its stake in shares of LendingTree by 13.7% in the first quarter. Campbell Newman Asset Management Inc. now owns 2,980 shares of the financial services provider’s stock worth $374,000 after buying an additional 360 shares during the period. Macquarie Group Ltd. raised its stake in shares of LendingTree by 67.4% in the fourth quarter. Macquarie Group Ltd. now owns 275,579 shares of the financial services provider’s stock worth $27,930,000 after buying an additional 110,986 shares during the period. Teachers Advisors LLC raised its stake in shares of LendingTree by 10.9% in the fourth quarter. Teachers Advisors LLC now owns 10,588 shares of the financial services provider’s stock worth $1,073,000 after buying an additional 1,040 shares during the period. Thrivent Financial for Lutherans raised its stake in shares of LendingTree by 4.0% in the fourth quarter. Thrivent Financial for Lutherans now owns 3,890 shares of the financial services provider’s stock worth $394,000 after buying an additional 150 shares during the period. Finally, Denver Investment Advisors LLC purchased a new stake in shares of LendingTree during the fourth quarter worth about $567,000. Institutional investors own 76.75% of the company’s stock.
LendingTree, Inc (LendingTree) is engaged in operating an online loan marketplace for consumers seeking loans and other credit-based offerings. The Company’s online marketplace provides consumers with access to product offerings from various lenders, which it refers to as Network Lenders, including mortgage loans, home equity loans and lines of credit, reverse mortgage loans, auto loans, credit cards, personal loans, student loans, small business loans and other related offerings.
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