Analysts predict that Meet Group Inc (NASDAQ:MEET) will post $0.02 earnings per share for the current quarter, according to Zacks. Two analysts have provided estimates for Meet Group’s earnings, with the lowest EPS estimate coming in at $0.01 and the highest estimate coming in at $0.03. Meet Group posted earnings per share of $0.07 during the same quarter last year, which indicates a negative year-over-year growth rate of 71.4%. The firm is expected to announce its next earnings results on Monday, May 14th.
According to Zacks, analysts expect that Meet Group will report full year earnings of $0.17 per share for the current financial year, with EPS estimates ranging from $0.11 to $0.22. For the next fiscal year, analysts expect that the firm will report earnings of $0.36 per share. Zacks’ earnings per share averages are a mean average based on a survey of sell-side research analysts that cover Meet Group.
Meet Group (NASDAQ:MEET) last posted its earnings results on Wednesday, March 7th. The information services provider reported $0.12 EPS for the quarter, beating the Zacks’ consensus estimate of $0.11 by $0.01. Meet Group had a negative net margin of 51.89% and a positive return on equity of 8.82%. The company had revenue of $40.20 million during the quarter, compared to analysts’ expectations of $38.18 million. During the same quarter in the prior year, the company posted $0.19 earnings per share. Meet Group’s revenue for the quarter was up 37.7% compared to the same quarter last year.
Meet Group (NASDAQ:MEET) traded down $0.05 during trading hours on Friday, reaching $2.30. 1,230,000 shares of the company were exchanged, compared to its average volume of 1,180,000. Meet Group has a 12 month low of $2.19 and a 12 month high of $6.45. The stock has a market capitalization of $165.40, a PE ratio of -2.56, a price-to-earnings-growth ratio of 0.58 and a beta of 1.09.
Several hedge funds and other institutional investors have recently bought and sold shares of MEET. Millennium Management LLC purchased a new position in shares of Meet Group in the fourth quarter worth $6,969,000. Luxor Capital Group LP raised its holdings in shares of Meet Group by 100.0% in the fourth quarter. Luxor Capital Group LP now owns 3,079,481 shares of the information services provider’s stock worth $8,684,000 after buying an additional 1,540,110 shares during the last quarter. Vanguard Group Inc. raised its holdings in shares of Meet Group by 16.0% in the second quarter. Vanguard Group Inc. now owns 2,921,407 shares of the information services provider’s stock worth $14,754,000 after buying an additional 403,518 shares during the last quarter. Northern Trust Corp raised its holdings in shares of Meet Group by 65.1% in the second quarter. Northern Trust Corp now owns 743,795 shares of the information services provider’s stock worth $3,756,000 after buying an additional 293,396 shares during the last quarter. Finally, State Street Corp raised its holdings in shares of Meet Group by 21.7% in the second quarter. State Street Corp now owns 1,517,691 shares of the information services provider’s stock worth $7,665,000 after buying an additional 270,948 shares during the last quarter. 44.03% of the stock is owned by institutional investors and hedge funds.
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About Meet Group
The Meet Group, Inc, formerly MeetMe, Inc, offers a portfolio of mobile applications. The Company operates location-based social networks for meeting new people on mobile platforms, including on iPhone, Android, iPad and other tablets, and on the Web that facilitate interactions among users, and helps users to connect and chat with each other.
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