Wall Street analysts expect Match Group, Inc. (NASDAQ:MTCH) to announce $0.21 earnings per share for the current fiscal quarter, according to Zacks. Five analysts have issued estimates for Match Group’s earnings, with the highest EPS estimate coming in at $0.27 and the lowest estimate coming in at $0.19. Match Group reported earnings per share of $0.23 during the same quarter last year, which would indicate a negative year over year growth rate of 8.7%. The company is expected to issue its next quarterly earnings report on Tuesday, November 7th.
According to Zacks, analysts expect that Match Group will report full year earnings of $0.79 per share for the current fiscal year, with EPS estimates ranging from $0.73 to $0.96. For the next financial year, analysts expect that the company will post earnings of $0.96 per share, with EPS estimates ranging from $0.91 to $1.03. Zacks Investment Research’s EPS calculations are a mean average based on a survey of research analysts that cover Match Group.
Match Group (NASDAQ:MTCH) last posted its earnings results on Tuesday, August 1st. The technology company reported $0.16 EPS for the quarter, missing the consensus estimate of $0.19 by $0.03. The business had revenue of $309.57 million during the quarter, compared to analysts’ expectations of $310.36 million. Match Group had a net margin of 16.21% and a return on equity of 34.49%. The business’s quarterly revenue was up 12.4% compared to the same quarter last year. During the same period last year, the company earned $0.17 EPS.
MTCH has been the topic of several recent research reports. Jefferies Group LLC reaffirmed a “buy” rating and issued a $23.00 target price on shares of Match Group in a research note on Thursday, June 22nd. Vetr downgraded shares of Match Group from a “strong-buy” rating to a “buy” rating and set a $21.33 target price on the stock. in a report on Monday, May 8th. Aegis raised their target price on shares of Match Group from $20.00 to $22.00 and gave the stock a “buy” rating in a report on Friday, May 5th. BidaskClub downgraded shares of Match Group from a “buy” rating to a “hold” rating in a report on Saturday, June 10th. Finally, Zacks Investment Research upgraded shares of Match Group from a “sell” rating to a “hold” rating in a report on Wednesday, June 21st. Two equities research analysts have rated the stock with a sell rating, two have assigned a hold rating and thirteen have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average price target of $20.62.
In related news, Vice Chairman Sam Yagan sold 98,854 shares of the stock in a transaction on Monday, August 28th. The stock was sold at an average price of $19.10, for a total value of $1,888,111.40. Following the completion of the sale, the insider now directly owns 84,391 shares of the company’s stock, valued at approximately $1,611,868.10. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. 18.10% of the stock is owned by company insiders.
Several large investors have recently made changes to their positions in MTCH. Light Street Capital Management LLC purchased a new stake in shares of Match Group during the second quarter valued at $39,974,000. Schroder Investment Management Group increased its stake in shares of Match Group by 58.6% in the first quarter. Schroder Investment Management Group now owns 4,911,935 shares of the technology company’s stock worth $80,801,000 after buying an additional 1,815,822 shares during the period. Vanguard Group Inc. increased its stake in shares of Match Group by 34.8% in the second quarter. Vanguard Group Inc. now owns 6,268,369 shares of the technology company’s stock worth $108,945,000 after buying an additional 1,617,950 shares during the period. Mik Capital LLC acquired a new stake in shares of Match Group during the second quarter worth about $23,043,000. Finally, JPMorgan Chase & Co. increased its stake in shares of Match Group by 17.6% in the first quarter. JPMorgan Chase & Co. now owns 5,357,285 shares of the technology company’s stock worth $87,484,000 after buying an additional 802,377 shares during the period. 19.05% of the stock is owned by hedge funds and other institutional investors.
Match Group (MTCH) traded up 4.01% during trading on Monday, reaching $22.06. The company had a trading volume of 1,731,088 shares. The stock has a 50 day moving average price of $18.60 and a 200-day moving average price of $17.93. Match Group has a 52-week low of $14.88 and a 52-week high of $22.59. The company has a market capitalization of $5.78 billion, a PE ratio of 31.38 and a beta of 0.64.
Match Group Company Profile
Match Group, Inc, incorporated on February 13, 2009, is a provider of dating products. The Company operates in the Dating segment. The Dating segment consists of all of its dating businesses across the globe. As of March 31, 2017, the Company operated a portfolio of over 45 brands, including Match, Tinder, PlentyOfFish, Meetic, OkCupid, Pairs, Twoo, OurTime, BlackPeopleMeet and LoveScout24, each designed to manage its users’ likelihood of finding a romantic connection.
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