Equities Analysts Set Expectations for Lendingtree Inc’s FY2017 Earnings (TREE)

Lendingtree Inc (NASDAQ:TREE) – Equities research analysts at SunTrust Banks issued their FY2017 earnings per share (EPS) estimates for shares of Lendingtree in a report released on Tuesday. SunTrust Banks analyst Y. Squali expects that the financial services provider will post earnings of $3.15 per share for the year. SunTrust Banks currently has a “Hold” rating on the stock. SunTrust Banks also issued estimates for Lendingtree’s Q4 2017 earnings at $0.79 EPS, Q1 2018 earnings at $1.22 EPS, Q2 2018 earnings at $1.40 EPS, Q3 2018 earnings at $1.72 EPS, Q4 2018 earnings at $1.54 EPS, FY2018 earnings at $5.89 EPS, FY2019 earnings at $8.32 EPS and FY2020 earnings at $11.35 EPS.

A number of other brokerages have also recently commented on TREE. Bank of America reiterated a “buy” rating and issued a $425.00 target price on shares of Lendingtree in a report on Tuesday. Stephens reiterated an “overweight” rating and issued a $375.00 target price (up previously from $300.00) on shares of Lendingtree in a report on Monday, December 18th. Zacks Investment Research cut Lendingtree from a “strong-buy” rating to a “hold” rating in a report on Wednesday, December 27th. Guggenheim set a $360.00 price objective on Lendingtree and gave the company a “buy” rating in a report on Thursday, December 14th. Finally, BidaskClub upgraded Lendingtree from a “buy” rating to a “strong-buy” rating in a report on Friday, December 15th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating, eleven have issued a buy rating and one has given a strong buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus price target of $288.85.

Lendingtree (TREE) opened at $363.10 on Friday. The company has a market capitalization of $4,338.76, a P/E ratio of 159.26, a PEG ratio of 2.15 and a beta of 1.54. The company has a quick ratio of 3.86, a current ratio of 3.86 and a debt-to-equity ratio of 0.78. Lendingtree has a 1-year low of $105.30 and a 1-year high of $404.40.

Lendingtree (NASDAQ:TREE) last announced its earnings results on Thursday, October 26th. The financial services provider reported $1.17 EPS for the quarter, topping the Zacks’ consensus estimate of $0.97 by $0.20. The firm had revenue of $171.50 million during the quarter, compared to analysts’ expectations of $157.97 million. Lendingtree had a return on equity of 16.52% and a net margin of 5.49%. The company’s quarterly revenue was up 81.3% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.80 EPS.

A number of hedge funds and other institutional investors have recently modified their holdings of TREE. Vanguard Group Inc. raised its position in Lendingtree by 45.6% during the 2nd quarter. Vanguard Group Inc. now owns 536,197 shares of the financial services provider’s stock valued at $92,333,000 after purchasing an additional 167,933 shares in the last quarter. Janus Henderson Group PLC bought a new stake in Lendingtree during the 2nd quarter valued at $26,693,000. Davidson Kempner Capital Management LP bought a new stake in Lendingtree during the 3rd quarter valued at $28,550,000. Macquarie Group Ltd. raised its position in Lendingtree by 55.6% during the 3rd quarter. Macquarie Group Ltd. now owns 221,383 shares of the financial services provider’s stock valued at $54,117,000 after purchasing an additional 79,065 shares in the last quarter. Finally, Sumitomo Mitsui Trust Holdings Inc. raised its position in Lendingtree by 38.7% during the 3rd quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 179,800 shares of the financial services provider’s stock valued at $43,952,000 after purchasing an additional 50,200 shares in the last quarter. 71.60% of the stock is owned by institutional investors and hedge funds.

In related news, President Neil Salvage sold 3,893 shares of the business’s stock in a transaction on Friday, November 3rd. The stock was sold at an average price of $269.10, for a total transaction of $1,047,606.30. Following the completion of the transaction, the president now owns 11,025 shares in the company, valued at approximately $2,966,827.50. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Douglas R. Lebda sold 8,000 shares of the business’s stock in a transaction on Thursday, December 27th. The shares were sold at an average price of $338.81, for a total value of $2,710,480.00. Following the transaction, the chief executive officer now owns 379,327 shares of the company’s stock, valued at approximately $128,519,780.87. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 117,874 shares of company stock valued at $35,294,266. 21.90% of the stock is owned by company insiders.

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About Lendingtree

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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