Zacks: Analysts Anticipate LendingTree, Inc. (TREE) to Post $0.73 Earnings Per Share

Equities research analysts expect that LendingTree, Inc. (NASDAQ:TREE) will post $0.73 earnings per share for the current quarter, according to Zacks Investment Research. Four analysts have issued estimates for LendingTree’s earnings, with estimates ranging from $0.70 to $0.76. LendingTree also posted earnings per share of $0.73 in the same quarter last year. The company is scheduled to announce its next quarterly earnings report before the market opens on Thursday, July 27th.

On average, analysts expect that LendingTree will report full year earnings of $2.89 per share for the current fiscal year, with EPS estimates ranging from $2.81 to $2.98. For the next year, analysts expect that the firm will post earnings of $3.89 per share. Zacks’ earnings per share averages are an average based on a survey of research firms that follow LendingTree.

LendingTree (NASDAQ:TREE) last released its quarterly earnings data on Thursday, April 27th. The financial services provider reported $0.96 earnings per share for the quarter, beating the consensus estimate of $0.69 by $0.27. LendingTree had a return on equity of 18.12% and a net margin of 6.79%. The company had revenue of $132.50 million for the quarter, compared to analyst estimates of $124.99 million. During the same period in the prior year, the company posted $0.76 EPS. The company’s revenue was up 39.9% compared to the same quarter last year.

TREE has been the topic of several recent research reports. Oppenheimer Holdings, Inc. reaffirmed an “outperform” rating and set a $190.00 target price (up from $160.00) on shares of LendingTree in a report on Sunday, June 18th. Needham & Company LLC raised their target price on shares of LendingTree from $140.00 to $170.00 and gave the stock a “buy” rating in a report on Friday, April 28th. Bank of America Corporation reaffirmed a “buy” rating and set a $190.00 target price (up from $160.00) on shares of LendingTree in a report on Friday, June 9th. Mizuho reaffirmed a “buy” rating and set a $135.00 target price on shares of LendingTree in a report on Tuesday, March 28th. Finally, Zacks Investment Research cut shares of LendingTree from a “hold” rating to a “strong sell” rating in a report on Wednesday, June 28th. One research analyst has rated the stock with a sell rating and twelve have assigned a buy rating to the company. LendingTree presently has a consensus rating of “Buy” and an average price target of $157.91.

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LendingTree (NASDAQ:TREE) traded up 3.90% during midday trading on Thursday, hitting $181.10. The stock had a trading volume of 204,833 shares. The company has a market cap of $2.16 billion, a price-to-earnings ratio of 81.87 and a beta of 1.54. LendingTree has a 1-year low of $75.05 and a 1-year high of $184.04. The company’s 50 day moving average is $165.03 and its 200 day moving average is $129.21.

In related news, CEO Douglas R. Lebda sold 8,000 shares of LendingTree stock in a transaction that occurred on Wednesday, June 28th. The shares were sold at an average price of $178.49, for a total value of $1,427,920.00. Following the transaction, the chief executive officer now directly owns 501,218 shares of the company’s stock, valued at $89,462,400.82. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Douglas R. Lebda sold 4,000 shares of LendingTree stock in a transaction that occurred on Wednesday, April 19th. The shares were sold at an average price of $122.59, for a total transaction of $490,360.00. Following the completion of the transaction, the chief executive officer now directly owns 640,896 shares in the company, valued at $78,567,440.64. The disclosure for this sale can be found here. Insiders sold 179,750 shares of company stock worth $26,927,701 over the last three months. 21.90% of the stock is currently owned by insiders.

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Meeder Asset Management Inc. boosted its position in shares of LendingTree by 2,685.7% in the second quarter. Meeder Asset Management Inc. now owns 780 shares of the financial services provider’s stock worth $135,000 after buying an additional 752 shares during the period. State of Alaska Department of Revenue boosted its stake in LendingTree by 2.6% in the first quarter. State of Alaska Department of Revenue now owns 800 shares of the financial services provider’s stock worth $100,000 after buying an additional 20 shares during the last quarter. BNP Paribas Arbitrage SA boosted its stake in LendingTree by 14.3% in the first quarter. BNP Paribas Arbitrage SA now owns 1,339 shares of the financial services provider’s stock worth $168,000 after buying an additional 168 shares during the last quarter. Invictus RG bought a new stake in LendingTree during the first quarter worth $179,000. Finally, LS Investment Advisors LLC boosted its stake in LendingTree by 482.9% in the first quarter. LS Investment Advisors LLC now owns 1,533 shares of the financial services provider’s stock worth $192,000 after buying an additional 1,270 shares during the last quarter. 76.61% of the stock is currently owned by institutional investors and hedge funds.

LendingTree Company Profile

LendingTree, Inc (LendingTree) is engaged in operating an online loan marketplace for consumers seeking loans and other credit-based offerings. The Company’s online marketplace provides consumers with access to product offerings from various lenders, which it refers to as Network Lenders, including mortgage loans, home equity loans and lines of credit, reverse mortgage loans, auto loans, credit cards, personal loans, student loans, small business loans and other related offerings.

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