Brokerages forecast that LendingTree, Inc. (NASDAQ:TREE) will report $271.01 million in sales for the current fiscal quarter, Zacks reports. Five analysts have provided estimates for LendingTree’s earnings, with the highest sales estimate coming in at $274.56 million and the lowest estimate coming in at $268.70 million. LendingTree reported sales of $184.33 million during the same quarter last year, which indicates a positive year-over-year growth rate of 47%. The firm is scheduled to issue its next quarterly earnings report on Tuesday, August 3rd.
According to Zacks, analysts expect that LendingTree will report full year sales of $1.11 billion for the current fiscal year, with estimates ranging from $1.08 billion to $1.17 billion. For the next fiscal year, analysts anticipate that the company will post sales of $1.30 billion, with estimates ranging from $1.25 billion to $1.38 billion. Zacks Investment Research’s sales averages are a mean average based on a survey of analysts that cover LendingTree.
LendingTree (NASDAQ:TREE) last issued its quarterly earnings data on Thursday, April 29th. The financial services provider reported $0.18 earnings per share (EPS) for the quarter, topping the consensus estimate of ($1.21) by $1.39. The company had revenue of $272.75 million for the quarter, compared to analyst estimates of $265.77 million. LendingTree had a negative return on equity of 1.85% and a negative net margin of 4.05%.
TREE traded down $1.30 during trading on Friday, hitting $184.49. 15,655 shares of the stock were exchanged, compared to its average volume of 310,150. The company has a quick ratio of 2.29, a current ratio of 2.29 and a debt-to-equity ratio of 1.67. LendingTree has a 1-year low of $164.57 and a 1-year high of $372.64. The stock has a fifty day moving average price of $213.28 and a two-hundred day moving average price of $269.38. The firm has a market capitalization of $2.46 billion, a P/E ratio of -60.80 and a beta of 1.75.
In other LendingTree news, Director G Kennedy Thompson purchased 3,500 shares of LendingTree stock in a transaction dated Friday, February 26th. The stock was acquired at an average cost of $276.21 per share, with a total value of $966,735.00. Following the acquisition, the director now directly owns 4,845 shares of the company’s stock, valued at $1,338,237.45. The purchase was disclosed in a filing with the SEC, which is available through the SEC website. Also, President Neil Salvage sold 1,100 shares of LendingTree stock in a transaction that occurred on Friday, March 5th. The shares were sold at an average price of $239.00, for a total value of $262,900.00. Following the completion of the sale, the president now owns 5,004 shares in the company, valued at $1,195,956. The disclosure for this sale can be found here. 17.90% of the stock is owned by company insiders.
A number of institutional investors have recently added to or reduced their stakes in TREE. Royal Bank of Canada grew its stake in shares of LendingTree by 77.0% during the 1st quarter. Royal Bank of Canada now owns 16,490 shares of the financial services provider’s stock worth $3,511,000 after purchasing an additional 7,171 shares during the period. Price T Rowe Associates Inc. MD boosted its holdings in LendingTree by 2.3% during the first quarter. Price T Rowe Associates Inc. MD now owns 3,055 shares of the financial services provider’s stock worth $651,000 after buying an additional 70 shares in the last quarter. Weld Capital Management LLC acquired a new position in LendingTree during the first quarter worth about $521,000. Janus Henderson Group PLC increased its holdings in LendingTree by 38.3% in the first quarter. Janus Henderson Group PLC now owns 510,851 shares of the financial services provider’s stock valued at $108,811,000 after buying an additional 141,403 shares in the last quarter. Finally, Hennion & Walsh Asset Management Inc. purchased a new position in LendingTree in the first quarter valued at about $242,000. 88.67% of the stock is owned by institutional investors.
LendingTree, Inc, through its subsidiary, LT Intermediate Company, LLC, operates online consumer platform in the United States. It operates through three segments: Home, Consumer, and Insurance. The Home segment offers purchase mortgage, refinance mortgage, reverse mortgage, and home equity loans; lines of credit; and real estate brokerage services.
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