Wall Street brokerages expect Lendingtree Inc (NASDAQ:TREE) to report $1.37 earnings per share (EPS) for the current fiscal quarter, Zacks Investment Research reports. Four analysts have issued estimates for Lendingtree’s earnings. The lowest EPS estimate is $1.21 and the highest is $1.51. Lendingtree posted earnings of $1.47 per share in the same quarter last year, which would indicate a negative year over year growth rate of 6.8%. The business is scheduled to announce its next quarterly earnings results on Thursday, July 25th.
According to Zacks, analysts expect that Lendingtree will report full-year earnings of $6.91 per share for the current year, with EPS estimates ranging from $6.47 to $7.36. For the next year, analysts anticipate that the business will report earnings of $9.67 per share, with EPS estimates ranging from $9.42 to $10.08. Zacks’ earnings per share averages are a mean average based on a survey of sell-side research analysts that cover Lendingtree.
Lendingtree (NASDAQ:TREE) last announced its quarterly earnings results on Friday, April 26th. The financial services provider reported $1.10 EPS for the quarter, beating the Zacks’ consensus estimate of $0.54 by $0.56. Lendingtree had a net margin of 7.62% and a return on equity of 13.71%. The business had revenue of $262.40 million for the quarter, compared to analyst estimates of $239.73 million. During the same quarter in the prior year, the business earned $1.10 EPS. Lendingtree’s quarterly revenue was up 45.0% on a year-over-year basis.
In other Lendingtree news, insider Carla Shumate sold 17,505 shares of the stock in a transaction that occurred on Friday, March 29th. The shares were sold at an average price of $350.00, for a total transaction of $6,126,750.00. Following the transaction, the insider now owns 20,162 shares in the company, valued at approximately $7,056,700. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Steven Ozonian sold 1,650 shares of the stock in a transaction that occurred on Monday, April 29th. The stock was sold at an average price of $373.06, for a total transaction of $615,549.00. Following the transaction, the director now owns 5,467 shares in the company, valued at approximately $2,039,519.02. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 46,492 shares of company stock worth $17,105,998. Company insiders own 17.90% of the company’s stock.
Large investors have recently made changes to their positions in the business. Nikko Asset Management Americas Inc. lifted its holdings in shares of Lendingtree by 13.1% during the 4th quarter. Nikko Asset Management Americas Inc. now owns 635,313 shares of the financial services provider’s stock worth $139,496,000 after acquiring an additional 73,440 shares during the period. Macquarie Group Ltd. lifted its holdings in shares of Lendingtree by 5.8% during the 4th quarter. Macquarie Group Ltd. now owns 422,873 shares of the financial services provider’s stock worth $92,850,000 after acquiring an additional 23,143 shares during the period. Victory Capital Management Inc. lifted its holdings in shares of Lendingtree by 117.0% during the 1st quarter. Victory Capital Management Inc. now owns 343,010 shares of the financial services provider’s stock worth $120,589,000 after acquiring an additional 184,965 shares during the period. Dimensional Fund Advisors LP lifted its holdings in shares of Lendingtree by 4.0% during the 4th quarter. Dimensional Fund Advisors LP now owns 229,519 shares of the financial services provider’s stock worth $50,396,000 after acquiring an additional 8,774 shares during the period. Finally, Northern Trust Corp lifted its holdings in shares of Lendingtree by 1.6% during the 1st quarter. Northern Trust Corp now owns 126,875 shares of the financial services provider’s stock worth $44,605,000 after acquiring an additional 1,947 shares during the period. Hedge funds and other institutional investors own 85.05% of the company’s stock.
TREE traded up $1.35 on Thursday, reaching $388.47. The company had a trading volume of 102,886 shares, compared to its average volume of 175,169. Lendingtree has a fifty-two week low of $183.25 and a fifty-two week high of $411.31. The firm has a market cap of $5.00 billion, a P/E ratio of 43.75, a price-to-earnings-growth ratio of 3.60 and a beta of 2.33. The company has a debt-to-equity ratio of 0.72, a quick ratio of 0.63 and a current ratio of 0.63.
Lendingtree Company Profile
LendingTree, Inc, through its subsidiary, LendingTree, LLC, operates an online loan marketplace for consumers seeking loans 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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