Brokerages predict that Match Group Inc (NASDAQ:MTCH) will report earnings per share (EPS) of $0.37 for the current quarter, according to Zacks Investment Research. Four analysts have made estimates for Match Group’s earnings, with estimates ranging from $0.34 to $0.40. Match Group reported earnings of $0.19 per share in the same quarter last year, which indicates a positive year-over-year growth rate of 94.7%. The business is scheduled to issue its next quarterly earnings report after the market closes on Tuesday, November 6th.
On average, analysts expect that Match Group will report full year earnings of $1.41 per share for the current year, with EPS estimates ranging from $1.36 to $1.49. For the next year, analysts forecast that the firm will report earnings of $1.82 per share, with EPS estimates ranging from $1.70 to $1.97. Zacks Investment Research’s EPS calculations are a mean average based on a survey of research analysts that that provide coverage for Match Group.
Match Group (NASDAQ:MTCH) last posted its quarterly earnings results on Tuesday, August 7th. The technology company reported $0.41 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.31 by $0.10. Match Group had a net margin of 32.94% and a return on equity of 53.18%. The firm had revenue of $421.20 million during the quarter, compared to analyst estimates of $413.07 million.
In other Match Group news, CFO Gary Swidler sold 105,611 shares of the company’s stock in a transaction dated Thursday, August 23rd. The shares were sold at an average price of $49.57, for a total transaction of $5,235,137.27. Following the sale, the chief financial officer now directly owns 266,010 shares of the company’s stock, valued at $13,186,115.70. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, CEO Amanda Ginsberg sold 11,196 shares of the stock in a transaction that occurred on Tuesday, August 21st. The shares were sold at an average price of $48.78, for a total transaction of $546,140.88. Following the sale, the chief executive officer now directly owns 19,349 shares in the company, valued at $943,844.22. The disclosure for this sale can be found here. Insiders have sold 251,000 shares of company stock worth $12,382,872 over the last ninety days. Insiders own 7.00% of the company’s stock.
Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Dimensional Fund Advisors LP grew its stake in shares of Match Group by 9.1% during the first quarter. Dimensional Fund Advisors LP now owns 215,662 shares of the technology company’s stock valued at $9,584,000 after purchasing an additional 17,958 shares during the last quarter. Cypress Funds LLC bought a new stake in shares of Match Group during the second quarter valued at approximately $6,198,000. Viridian Ria LLC bought a new stake in shares of Match Group during the third quarter valued at approximately $1,064,000. GAM Holding AG bought a new stake in shares of Match Group during the second quarter valued at approximately $857,000. Finally, Schwab Charles Investment Management Inc. grew its stake in shares of Match Group by 8.0% during the second quarter. Schwab Charles Investment Management Inc. now owns 209,463 shares of the technology company’s stock valued at $8,115,000 after purchasing an additional 15,526 shares during the last quarter. 22.21% of the stock is currently owned by institutional investors and hedge funds.
NASDAQ:MTCH traded up $0.87 during mid-day trading on Tuesday, hitting $49.12. The company’s stock had a trading volume of 158,924 shares, compared to its average volume of 2,110,106. Match Group has a fifty-two week low of $25.75 and a fifty-two week high of $60.95. The company has a quick ratio of 1.54, a current ratio of 1.54 and a debt-to-equity ratio of 2.18. The firm has a market capitalization of $13.62 billion, a PE ratio of 94.45, a price-to-earnings-growth ratio of 3.17 and a beta of 0.35.
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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