Brokerages Anticipate Match Group, Inc. (MTCH) Will Announce Earnings of $0.22 Per Share
Equities research analysts predict that Match Group, Inc. (NASDAQ:MTCH) will post earnings per share of $0.22 for the current quarter, Zacks reports. Five analysts have provided estimates for Match Group’s earnings, with estimates ranging from $0.19 to $0.29. Match Group reported earnings per share of $0.23 in the same quarter last year, which suggests a negative year over year growth rate of 4.3%. The business is scheduled to announce its next quarterly earnings results after the market closes on Tuesday, November 7th.
According to Zacks, analysts expect that Match Group will report full year earnings of $0.80 per share for the current fiscal year, with EPS estimates ranging from $0.75 to $1.00. For the next year, analysts anticipate that the firm will report earnings of $1.01 per share, with EPS estimates ranging from $0.91 to $1.11. Zacks Investment Research’s earnings per share averages are an 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 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.19 by ($0.03). The firm had revenue of $309.57 million during the quarter, compared to analyst estimates 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 quarter in the previous year, the business posted $0.17 earnings per share.
Several equities analysts recently commented on MTCH shares. Cowen and Company restated an “outperform” rating and issued a $28.00 price target (up from $22.00) on shares of Match Group in a research note on Friday, October 13th. Bank of America Corporation increased their price objective on shares of Match Group from $21.00 to $30.00 and gave the stock a “buy” rating in a research note on Tuesday, October 10th. Aegis increased their target price on shares of Match Group from $22.00 to $23.00 and gave the stock an “outperform” rating in a report on Thursday, August 3rd. BidaskClub raised shares of Match Group from a “sell” rating to a “hold” rating in a report on Thursday, July 13th. Finally, Wells Fargo & Company reissued a “buy” rating and issued a $29.00 target price (up previously from $21.00) on shares of Match Group in a report on Thursday. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and twelve have given a buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $26.46.
In related news, Vice Chairman Sam Yagan sold 54,625 shares of the business’s stock in a transaction that occurred on Wednesday, August 16th. The stock was sold at an average price of $19.31, for a total value of $1,054,808.75. Following the completion of the sale, the insider now owns 98,854 shares in the company, valued at approximately $1,908,870.74. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, General Counsel Jared F. Sine sold 64,436 shares of the business’s stock in a transaction that occurred on Wednesday, August 30th. The stock was sold at an average price of $20.46, for a total value of $1,318,360.56. Following the completion of the sale, the general counsel now owns 64,436 shares of the company’s stock, valued at approximately $1,318,360.56. The disclosure for this sale can be found here. Insiders have sold 902,498 shares of company stock valued at $19,287,878 in the last three months. 18.10% of the stock is owned by insiders.
A number of hedge funds have recently made changes to their positions in MTCH. Light Street Capital Management LLC bought a new stake in Match Group in the second quarter valued at approximately $39,974,000. Vanguard Group Inc. raised its holdings in shares of Match Group by 34.8% during the second quarter. Vanguard Group Inc. now owns 6,268,369 shares of the technology company’s stock valued at $108,945,000 after acquiring an additional 1,617,950 shares in the last quarter. Mik Capital LLC bought a new position in shares of Match Group during the second quarter valued at approximately $23,043,000. black and white Capital LP bought a new position in shares of Match Group during the second quarter valued at approximately $13,209,000. Finally, First Manhattan Co. raised its holdings in shares of Match Group by 18,454.2% during the second quarter. First Manhattan Co. now owns 667,950 shares of the technology company’s stock valued at $11,608,000 after acquiring an additional 664,350 shares in the last quarter. Hedge funds and other institutional investors own 18.97% of the company’s stock.
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Match Group (MTCH) traded down 2.18% during mid-day trading on Monday, reaching $25.13. 953,125 shares of the company’s stock traded hands. The firm has a 50 day moving average of $24.20 and a 200 day moving average of $19.93. The firm has a market cap of $6.59 billion, a PE ratio of 35.75 and a beta of 0.56. Match Group has a 1-year low of $15.08 and a 1-year high of $26.24.
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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