Zacks: Brokerages Expect Meet Group Inc (NASDAQ:MEET) Will Announce Earnings of $0.08 Per Share
Wall Street analysts expect that Meet Group Inc (NASDAQ:MEET) will announce earnings per share (EPS) of $0.08 for the current quarter, according to Zacks. Three analysts have issued estimates for Meet Group’s earnings. The highest EPS estimate is $0.08 and the lowest is $0.07. Meet Group posted earnings of $0.07 per share during the same quarter last year, which would suggest a positive year over year growth rate of 14.3%. The company is expected to announce its next quarterly 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 year, with EPS estimates ranging from $0.32 to $0.36. For the next financial year, analysts expect that the company will post earnings of $0.41 per share, with EPS estimates ranging from $0.34 to $0.45. Zacks’ earnings per share calculations are a mean average based on a survey of sell-side research analysts that cover Meet Group.
Meet Group (NASDAQ:MEET) last issued its quarterly earnings results on Wednesday, July 31st. The information services provider reported $0.08 EPS for the quarter, topping the consensus estimate of $0.07 by $0.01. The company had revenue of $52.00 million during the quarter, compared to analyst estimates of $50.67 million. Meet Group had a net margin of 4.53% and a return on equity of 11.30%.
Several institutional investors have recently added to or reduced their stakes in MEET. Putnam Investments LLC purchased a new stake in shares of Meet Group during the second quarter worth $2,670,000. Acadian Asset Management LLC grew its holdings in shares of Meet Group by 79.7% during the second quarter. Acadian Asset Management LLC now owns 1,617,456 shares of the information services provider’s stock worth $5,629,000 after buying an additional 717,543 shares in the last quarter. 361 Capital LLC purchased a new stake in shares of Meet Group during the first quarter worth $2,457,000. State of New Jersey Common Pension Fund D purchased a new stake in shares of Meet Group during the first quarter worth $2,314,000. Finally, AQR Capital Management LLC grew its holdings in shares of Meet Group by 445.0% during the second quarter. AQR Capital Management LLC now owns 472,094 shares of the information services provider’s stock worth $1,643,000 after buying an additional 385,472 shares in the last quarter. 69.07% of the stock is owned by institutional investors and hedge funds.
NASDAQ MEET traded down $0.10 on Friday, hitting $3.44. The company had a trading volume of 988,289 shares, compared to its average volume of 1,352,595. The company has a market capitalization of $262.33 million, a PE ratio of 14.33, a PEG ratio of 0.42 and a beta of 1.50. The company’s fifty day moving average price is $3.50 and its 200-day moving average price is $4.29. 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 12-month low of $3.05 and a 12-month high of $6.27.
About Meet Group
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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