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Wall Street brokerages expect that Match Group Inc. (NASDAQ: MTCH) will report earnings of $ 0.36 per share for the current fiscal quarter, according to Zacks Investment Research. Five badysts have issued estimates for Match Group's earnings. The highest EPS is $ 0.40 and the lowest is $ 0.34. The Group posted earnings per share of $ 0.19 during the same quarter last year, which would suggest a positive year-over-year growth rate of 89.5%. The company is expected to be released on Tuesday, November 6th.
According to Zacks, badysts expect that Match Group will report full-year earnings of $ 1.40 per share for the current fiscal year, with EPS rates ranging from $ 1.36 to $ 1.49. For the next year, badysts expect the firm to post earnings of $ 1.77 per share, with an EPS ranging from $ 1.59 to $ 1.97. Zacks Investment Research's EPS calculations are a mean average on a survey of badysts that provide coverage for Match Group.
Match Group (NASDAQ: MTCH) on Tuesday, August 7th. The technology company reported $ 0.41 EPS for the quarter, beating the Thomson Reuters' consensus estimate of $ 0.31 by $ 0.10. The firm had revenue of $ 421.20 million for the quarter, compared to the consensus estimate of $ 413.07 million. Had a net margin of 32.94% and a return on equity of 53.18%.
Several equities badysts recently weighed in on the stock. BidaskClub cut shares of Match Group from a "strong-buy" rating to a "buy" rating in a research note on Wednesday, June 27th. Barclays raised their target price on Match Group shares from $ 39.00 to $ 46.00 and gave the company an "equal weight" rating in a research note on Thursday, August 9th. ValuEngine cut shares of Match Group from a "buy" rating to a "hold" rating in a research note on Monday, July 2nd. Wells Fargo & Co Gains Their Fare on Match Group Shares from $ 41.00 to $ 47.00 and Gave the Company a "market perform" rating in a research note on Thursday, August 9th. Finally, BMO Capital Markets raised their target price on Match Group shares from $ 45.00 to $ 52.00 and gave the company an "outperform" rating in a research note on Thursday, August 9th. Nine equities research badysts have rated the stock with a hold rating, have issued a buy rating and have a strong buy rating to the stock company. Match Group has an average rating of "Buy" and a consensus target price of $ 47.13.
In other Match Group news, CFO Gary Swidler sold 105,611 shares of Match Group stock in a transaction on Thursday, August 23rd. The shares were sold at an average price of $ 49.57, for a total value of $ 5,235,137.27. 266,010 shares of the company's stock, valued at approximately $ 13,186,115.70. The filings were disclosed in the Securities & Exchange Commission, which is accessible through this link. Also, CEO Amanda Ginsberg sold 106,850 shares of Match Group stock in a transaction on Tuesday, August 14th. The stock was sold at an average price of $ 49.37, for a total transaction of $ 5,275,184.50. 62,682 shares of the company's stock, valued at $ 3,094,610.34. The disclosure for this sale can be found here. Insiders sold a total of 251,000 shares of company valued at $ 12,382,872 over the last three months. Corporate insiders own 7.00% of the company's stock.
Large investors have recently modified their holdings of the business. Dimensional Fund Advisors LP grew its stake in shares of Match Group by 9.1% in the 1st quarter. Dimensional Fund Advisors LP now owns 215,662 shares of the technology company's stock worth $ 9,584,000 after buying an additional 17,958 shares in the last quarter. Cypress Funds LLC bought a new position in shares of Match Group during the 2nd quarter worth of $ 6,198,000. GAM Holding AG bought a new position in shares of Match Group during the $ 857,000 second quarter. Rhumbline Advisers boosted its stake in shares of Match Group by 31.1% during the 2nd quarter. Rhumbline Advisers now owns 60,248 shares of the technology company's worth $ 2,334,000 after purchasing an additional 14,296 shares during the period. Finally, Cornerstone Wealth Management LLC bought a new position in shares of Match Group during the 2nd quarter of $ 915,000. 22.58% of the stock is owned by institutional investors and hedge funds.
MTCH traded up $ 0.98 during trading on Friday, hitting $ 51.40. 3,455,919 shares of the company, compared to its average volume of 2,441,319. The stock has a market capitalization of $ 16.03 billion, a price-to-earnings ratio of 98.92, a PEG ratio of 3.78 and a beta of 0.35. Match Group has 1 year low of $ 24.40 and a 1 year high of $ 60.95. The company has a debt-to-equity ratio of 2.18, a quick ratio of 1.54 and a current ratio of 1.54.
Match Group Company Profile
Match Group, Inc. provides dating products. It operates a portfolio of brands, including Tinder, Match, PlentyOfFish, Meetic, OkCupid, OurTime, and Pairs. Match Group, Inc. offers its dating products through its Websites and applications in 42 languages approximately in 190 countries. The company was incorporated in 2009 and is headquartered in Dallas, Texas.
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