Match Group Inc (MTCH) to Post Q1 2017 Earnings of $0.11 Per Share, Jefferies Group Forecasts
Match Group Inc (NASDAQ:MTCH) – Jefferies Group issued their Q1 2017 earnings estimates for shares of Match Group in a report released on Tuesday. Jefferies Group analyst B. Fitzgerald expects that the technology company will earn $0.11 per share for the quarter. Jefferies Group currently has a “Buy” rating and a $21.00 target price on the stock. Jefferies Group also issued estimates for Match Group’s Q2 2017 earnings at $0.19 EPS, Q3 2017 earnings at $0.21 EPS, Q4 2017 earnings at $0.27 EPS, FY2017 earnings at $0.78 EPS and FY2018 earnings at $1.00 EPS.
Match Group (NASDAQ:MTCH) last issued its quarterly earnings results on Tuesday, January 31st. The technology company reported $0.29 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.24 by $0.05. The company had revenue of $319.70 million for the quarter, compared to the consensus estimate of $320.62 million. Match Group had a return on equity of 47.04% and a net margin of 14.02%. The firm’s revenue was up 19.5% compared to the same quarter last year. During the same period last year, the business posted $0.24 earnings per share.
MTCH has been the topic of a number of other research reports. Vetr upgraded shares of Match Group from a “buy” rating to a “strong-buy” rating and set a $20.13 price target on the stock in a research note on Tuesday, January 17th. Zacks Investment Research lowered shares of Match Group from a “hold” rating to a “sell” rating in a research note on Wednesday, January 11th. Citigroup Inc began coverage on shares of Match Group in a research note on Monday, March 27th. They issued a “buy” rating and a $22.00 price target on the stock. Piper Jaffray Companies began coverage on shares of Match Group in a research note on Tuesday, April 4th. They issued an “overweight” rating and a $21.00 price target on the stock. Finally, Aegis reiterated a “buy” rating on shares of Match Group in a research note on Wednesday, March 15th. Four analysts have rated the stock with a hold rating, thirteen have issued a buy rating and one has assigned a strong buy rating to the stock. Match Group has an average rating of “Buy” and a consensus target price of $19.18.
Shares of Match Group (NASDAQ:MTCH) opened at 18.03 on Thursday. The firm has a market capitalization of $4.62 billion, a P/E ratio of 28.17 and a beta of 0.86. The stock has a 50 day moving average price of $16.63 and a 200 day moving average price of $17.39. Match Group has a 12 month low of $10.72 and a 12 month high of $19.74.
Several hedge funds and other institutional investors have recently made changes to their positions in the company. PNC Financial Services Group Inc. raised its position in shares of Match Group by 12.8% in the third quarter. PNC Financial Services Group Inc. now owns 7,048 shares of the technology company’s stock worth $125,000 after buying an additional 800 shares during the last quarter. Gideon Capital Advisors Inc. acquired a new position in shares of Match Group during the fourth quarter worth about $185,000. Quadrature Capital Ltd acquired a new position in shares of Match Group during the third quarter worth about $205,000. Cipher Capital LP acquired a new position in shares of Match Group during the fourth quarter worth about $210,000. Finally, Meeder Asset Management Inc. acquired a new position in shares of Match Group during the third quarter worth about $224,000. Hedge funds and other institutional investors own 17.21% of the company’s stock.
Match Group Company Profile
Match Group, Inc is a provider of dating products. The Company operates in two segments: Dating and Non-dating. The Dating segment consists of all of its dating businesses across the globe. The Non-dating segment consists of The Princeton Review, which provides a range of educational test preparation, academic tutoring and college counseling services.
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