Match Group Inc. (MTCH) To Go Ex-Dividend on October 5th

Match Group Inc. (NASDAQ:MTCH) declared a quarterly dividend on Monday, August 3rd. Stockholders of record on Monday, October 5th will be given a dividend of $0.20 per share by the technology company on Tuesday, October 20th. This represents a $0.80 annualized dividend and a dividend yield of 2.0%. The ex-dividend date of this dividend is Monday, October 5th.

Match Group has decreased its dividend by an average of 0.7%per year over the last three years. Match Group has a dividend payout ratio of 31.4% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect Match Group to earn $4.03 per share next year, which means the company should continue to be able to cover its $0.80 annual dividend with an expected future payout ratio of 19.9%.

Match Group Trading Up 0.5%

Shares of NASDAQ:MTCH opened at $40.32 on Friday. Match Group has a 12 month low of $28.81 and a 12 month high of $44.94. The company has a market capitalization of $9.26 billion, a price-to-earnings ratio of 14.25, a PEG ratio of 0.59 and a beta of 1.43. The firm’s 50-day moving average is $40.48 and its 200 day moving average is $37.14.

Match Group (NASDAQ:MTCH) last announced its quarterly earnings data on Tuesday, August 4th. The technology company reported $0.70 earnings per share for the quarter, beating analysts’ consensus estimates of $0.65 by $0.05. The business had revenue of $853.11 million for the quarter, compared to analyst estimates of $857.77 million. Match Group had a negative return on equity of 324.82% and a net margin of 20.17%.The company’s revenue was down 1.2% on a year-over-year basis. During the same period in the prior year, the company earned $0.49 earnings per share. As a group, equities analysts forecast that Match Group will post 3.31 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

MTCH has been the topic of several research analyst reports. JPMorgan Chase & Co. initiated coverage on shares of Match Group in a research report on Monday, August 24th. They issued a “neutral” rating and a $43.00 target price on the stock. Susquehanna reaffirmed a “positive” rating on shares of Match Group in a research note on Wednesday, August 5th. Wall Street Zen cut shares of Match Group from a “buy” rating to a “hold” rating in a research note on Saturday, August 8th. Truist Financial upped their price target on Match Group from $37.00 to $41.00 and gave the company a “hold” rating in a research note on Wednesday, August 5th. Finally, Weiss Ratings upgraded Match Group from a “hold (c)” rating to a “hold (c+)” rating in a report on Wednesday, July 15th. One equities research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and nine have issued a Hold rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $42.46.

Match Group Company Profile

Match Group, Inc is a global provider of online dating and social discovery services. The company operates a portfolio of dating platforms designed to help users form romantic, social and relationship-oriented connections across a range of demographics, interests and relationship goals.

Its brands include Tinder, Hinge, Match, Meetic, OkCupid, Plenty of Fish, OurTime, BLK, Chispa and The League. These services are available through mobile applications and websites and generally offer features such as user profiles, matching, messaging, discovery tools and subscription or other paid enhancements.

Match Group traces its origins to Match.com and was established as a standalone public company after being spun off from IAC in 2020.