Equities analysts predict that Meet Group Inc (NASDAQ:MEET) will report earnings of $0.08 per share for the current fiscal quarter, Zacks Investment Research reports. Three analysts have issued estimates for Meet Group’s earnings, with the lowest EPS estimate coming in at $0.07 and the highest estimate coming in at $0.08. Meet Group reported earnings per share of $0.07 during the same quarter last year, which suggests a positive year over year growth rate of 14.3%. The firm is expected to announce its next earnings results on Wednesday, November 6th.

On average, analysts expect that Meet Group will report full-year earnings of $0.34 per share for the current fiscal year, with EPS estimates ranging from $0.32 to $0.36. For the next year, analysts anticipate that the firm will report earnings of $0.41 per share, with EPS estimates ranging from $0.34 to $0.45. Zacks Investment Research’s EPS averages are a mean average based on a survey of research firms that cover Meet Group.

Meet Group (NASDAQ:MEET) last announced its quarterly earnings results on Wednesday, July 31st. The information services provider reported $0.08 earnings per share for the quarter, topping analysts’ consensus estimates of $0.07 by $0.01. The firm had revenue of $52.00 million for the quarter, compared to the consensus estimate of $50.67 million. Meet Group had a return on equity of 11.30% and a net margin of 4.53%.

A number of equities research analysts have recently issued reports on the company. Canaccord Genuity set a $8.00 price objective on Meet Group and gave the stock a “buy” rating in a report on Wednesday, July 3rd. ValuEngine cut Meet Group from a “hold” rating to a “sell” rating in a report on Thursday, June 13th. Aegis restated a “buy” rating and set a $6.25 price objective on shares of Meet Group in a report on Thursday, July 11th. Roth Capital set a $8.00 price objective on Meet Group and gave the stock a “buy” rating in a report on Sunday, July 21st. Finally, Oppenheimer assumed coverage on Meet Group in a report on Thursday, June 20th. They set an “outperform” rating and a $7.00 price objective for the company. Two investment analysts have rated the stock with a sell rating, one has issued a hold rating and six have issued a buy rating to the stock. The stock has an average rating of “Hold” and an average target price of $6.71.

NASDAQ MEET traded down $0.10 during trading on Friday, reaching $3.44. 988,289 shares of the company’s stock were exchanged, compared to its average volume of 1,352,595. The business has a 50 day moving average price of $3.50 and a 200-day moving average price of $4.29. The stock has a market capitalization of $262.33 million, a P/E ratio of 14.33, a PEG ratio of 0.42 and a beta of 1.50. The company has a debt-to-equity ratio of 0.10, a current ratio of 1.22 and a quick ratio of 1.22. Meet Group has a fifty-two week low of $3.05 and a fifty-two week high of $6.27.

Several large investors have recently modified their holdings of the company. Luxor Capital Group LP boosted its holdings in shares of Meet Group by 1.5% during the second quarter. Luxor Capital Group LP now owns 12,032,344 shares of the information services provider’s stock worth $41,873,000 after acquiring an additional 175,000 shares during the period. Ladenburg Thalmann Financial Services Inc. boosted its stake in shares of Meet Group by 121.5% in the second quarter. Ladenburg Thalmann Financial Services Inc. now owns 57,935 shares of the information services provider’s stock valued at $201,000 after buying an additional 31,785 shares during the period. United Services Automobile Association boosted its stake in shares of Meet Group by 4.2% in the second quarter. United Services Automobile Association now owns 177,332 shares of the information services provider’s stock valued at $617,000 after buying an additional 7,200 shares during the period. Schroder Investment Management Group bought a new stake in shares of Meet Group in the second quarter valued at approximately $67,000. Finally, Jane Street Group LLC bought a new stake in shares of Meet Group in the second quarter valued at approximately $58,000. Institutional investors own 69.07% of the company’s stock.

Meet Group Company Profile

The Meet Group, Inc operates a portfolio of mobile social entertainment applications to meet the need for human connection worldwide. The company leverages a live-streaming video platform, empowering community to forge meaningful connections. The company's primary applications include, MeetMe, LOVOO, Skout, Tagged, and Growlr, which keeps mobile daily active users, entertained and engaged, and originate numbers of casual chats, friendships, dates, and marriages.

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