Match Group Inc (NASDAQ:MTCH) Expected to Post Earnings of $0.45 Per Share
Equities analysts expect Match Group Inc (NASDAQ:MTCH) to post $0.45 earnings per share for the current quarter, according to Zacks Investment Research. Six analysts have made estimates for Match Group’s earnings, with the highest EPS estimate coming in at $0.49 and the lowest estimate coming in at $0.43. Match Group reported earnings of $0.41 per share during the same quarter last year, which suggests a positive year over year growth rate of 9.8%. The business is expected to report its next quarterly earnings report on Tuesday, August 6th.
On average, analysts expect that Match Group will report full-year earnings of $1.91 per share for the current year, with EPS estimates ranging from $1.73 to $2.12. For the next fiscal year, analysts forecast that the firm will post earnings of $2.23 per share, with EPS estimates ranging from $2.10 to $2.42. Zacks’ EPS calculations are an average based on a survey of sell-side research analysts that follow Match Group.
Match Group (NASDAQ:MTCH) last posted its earnings results on Tuesday, May 7th. The technology company reported $0.42 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.25 by $0.17. Match Group had a return on equity of 120.25% and a net margin of 27.90%. The company had revenue of $464.60 million during the quarter, compared to the consensus estimate of $463.69 million. During the same quarter last year, the firm earned $0.26 earnings per share. The company’s revenue was up 14.0% on a year-over-year basis.
Shares of NASDAQ MTCH traded down $0.62 during mid-day trading on Thursday, reaching $72.68. The company had a trading volume of 6,367 shares, compared to its average volume of 1,727,123. The company has a debt-to-equity ratio of 11.10, a quick ratio of 1.13 and a current ratio of 1.13. Match Group has a one year low of $33.30 and a one year high of $75.28. The firm has a market cap of $20.49 billion, a price-to-earnings ratio of 54.79, a price-to-earnings-growth ratio of 2.68 and a beta of 0.27. The company has a 50-day moving average price of $69.95.
In other Match Group news, insider Philip D. Eigenmann sold 4,328 shares of Match Group stock in a transaction dated Thursday, June 6th. The stock was sold at an average price of $70.87, for a total value of $306,725.36. Following the transaction, the insider now owns 10,506 shares in the company, valued at $744,560.22. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Ann Mcdaniel sold 6,400 shares of Match Group stock in a transaction dated Wednesday, June 5th. The shares were sold at an average price of $70.26, for a total value of $449,664.00. Following the completion of the transaction, the director now owns 9,578 shares in the company, valued at approximately $672,950.28. The disclosure for this sale can be found here. In the last quarter, insiders sold 130,607 shares of company stock worth $9,034,034. Company insiders own 3.00% of the company’s stock.
A number of institutional investors have recently added to or reduced their stakes in the business. PRW Wealth Management LLC bought a new stake in shares of Match Group during the fourth quarter worth about $43,000. Cornerstone Advisors Inc. grew its holdings in shares of Match Group by 32.5% during the first quarter. Cornerstone Advisors Inc. now owns 1,774 shares of the technology company’s stock worth $100,000 after purchasing an additional 435 shares during the last quarter. Stephens Inc. AR grew its holdings in shares of Match Group by 3,829.8% during the first quarter. Stephens Inc. AR now owns 1,847 shares of the technology company’s stock worth $105,000 after purchasing an additional 1,800 shares during the last quarter. Neuburgh Advisers LLC bought a new stake in shares of Match Group during the fourth quarter worth about $82,000. Finally, SG Americas Securities LLC bought a new stake in shares of Match Group during the first quarter worth about $114,000. Hedge funds and other institutional investors own 22.17% of the company’s stock.
Match Group Company Profile
Match Group, Inc provides dating products worldwide. It operates a portfolio of brands, including Tinder, Match, PlentyOfFish, Meetic, OkCupid, OurTime, Pairs, and Hinge, as well as other brands. Match Group, Inc offers its dating products through its applications and Websites in approximately 40 languages.
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