$197.80 Million in Sales Expected for LendingTree (TREE) This Quarter

Equities analysts forecast that LendingTree (NASDAQ:TREE) will post sales of $197.80 million for the current fiscal quarter, Zacks Investment Research reports. Four analysts have issued estimates for LendingTree’s earnings, with estimates ranging from $196.00 million to $198.91 million. LendingTree reported sales of $152.77 million in the same quarter last year, which would suggest a positive year-over-year growth rate of 29.5%. The company is scheduled to announce its next earnings report on Thursday, July 26th.

On average, analysts expect that LendingTree will report full-year sales of $788.42 million for the current financial year, with estimates ranging from $786.10 million to $793.25 million. For the next fiscal year, analysts forecast that the business will report sales of $980.86 million per share, with estimates ranging from $967.60 million to $994.20 million. Zacks’ sales averages are an average based on a survey of sell-side research firms that cover LendingTree.

LendingTree (NASDAQ:TREE) last posted its quarterly earnings results on Thursday, April 26th. The financial services provider reported $1.10 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.12 by ($0.02). The company had revenue of $181.00 million during the quarter, compared to analyst estimates of $174.13 million. LendingTree had a net margin of 6.04% and a return on equity of 11.81%. LendingTree’s revenue for the quarter was up 36.6% on a year-over-year basis. During the same period in the prior year, the business earned $0.85 EPS.

Several equities research analysts have recently weighed in on the company. SunTrust Banks assumed coverage on LendingTree in a research report on Tuesday, January 23rd. They set a “hold” rating on the stock. Bank of America reissued a “buy” rating and set a $425.00 target price on shares of LendingTree in a research report on Tuesday, January 23rd. Stephens raised their target price on LendingTree from $385.00 to $420.00 and gave the stock an “overweight” rating in a research report on Monday, March 19th. They noted that the move was a valuation call. BidaskClub raised LendingTree from a “buy” rating to a “strong-buy” rating in a research report on Saturday, March 17th. Finally, Susquehanna Bancshares assumed coverage on LendingTree in a research report on Wednesday, March 7th. They set a “neutral” rating and a $325.00 target price on the stock. Three analysts have rated the stock with a sell rating, three have given a hold rating and ten have given a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus price target of $339.57.

TREE stock opened at $274.95 on Friday. The company has a current ratio of 3.33, a quick ratio of 3.33 and a debt-to-equity ratio of 0.73. The stock has a market capitalization of $3.39 billion, a price-to-earnings ratio of 91.04, a P/E/G ratio of 2.08 and a beta of 1.77. LendingTree has a 1 year low of $265.45 and a 1 year high of $271.15.

LendingTree declared that its board has approved a stock repurchase program on Thursday, February 22nd that permits the company to buyback $100.00 million in outstanding shares. This buyback authorization permits the financial services provider to buy shares of its stock through open market purchases. Shares buyback programs are typically an indication that the company’s leadership believes its stock is undervalued.

In other LendingTree news, Director Robin Henderson sold 1,109 shares of LendingTree stock in a transaction that occurred on Monday, April 30th. The stock was sold at an average price of $245.29, for a total transaction of $272,026.61. Following the transaction, the director now owns 1,844 shares of the company’s stock, valued at $452,314.76. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, CEO Douglas R. Lebda sold 14,750 shares of LendingTree stock in a transaction that occurred on Tuesday, May 15th. The stock was sold at an average price of $273.75, for a total value of $4,037,812.50. Following the transaction, the chief executive officer now directly owns 534,354 shares in the company, valued at approximately $146,279,407.50. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 214,837 shares of company stock worth $64,797,973. 21.90% of the stock is currently owned by corporate insiders.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in TREE. Baillie Gifford & Co. increased its position in LendingTree by 81.1% during the first quarter. Baillie Gifford & Co. now owns 1,266,717 shares of the financial services provider’s stock worth $415,673,000 after buying an additional 567,195 shares during the period. Eagle Asset Management Inc. increased its position in LendingTree by 738.0% during the fourth quarter. Eagle Asset Management Inc. now owns 143,850 shares of the financial services provider’s stock worth $48,974,000 after buying an additional 126,684 shares during the period. Bamco Inc. NY acquired a new position in LendingTree during the fourth quarter worth approximately $33,490,000. Carillon Tower Advisers Inc. acquired a new position in LendingTree during the fourth quarter worth approximately $31,256,000. Finally, Allianz Asset Management GmbH increased its position in LendingTree by 38.1% during the first quarter. Allianz Asset Management GmbH now owns 301,365 shares of the financial services provider’s stock worth $98,893,000 after buying an additional 83,215 shares during the period. 74.18% of the stock is currently owned by institutional investors.

LendingTree Company Profile

LendingTree, Inc, through its subsidiary, LendingTree, LLC, operates an online loan marketplace for consumers seeking loans and other credit-based offerings in the United States. Its mortgage products comprise purchase and refinance products. The company also provides information, tools, and access to various conditional loan offers for non-mortgage products, including auto loans, credit cards, home equity loans, personal loans, reverse mortgages, small business loans, and student loans.

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