Equities analysts expect Match Group Inc (NASDAQ:MTCH) to post sales of $386.66 million for the current fiscal quarter, according to Zacks Investment Research. Four analysts have made estimates for Match Group’s earnings. The highest sales estimate is $388.20 million and the lowest is $385.04 million. Match Group reported sales of $298.76 million during the same quarter last year, which indicates a positive year-over-year growth rate of 29.4%. The company is expected to announce its next quarterly earnings results on Tuesday, May 1st.
On average, analysts expect that Match Group will report full-year sales of $386.66 million for the current financial year, with estimates ranging from $1.56 billion to $1.61 billion. For the next financial year, analysts anticipate that the firm will report sales of $1.84 billion per share, with estimates ranging from $1.83 billion to $1.86 billion. Zacks Investment Research’s sales averages are a mean average based on a survey of analysts that follow Match Group.
Match Group (NASDAQ:MTCH) last issued its quarterly earnings results on Tuesday, February 6th. The technology company reported $0.18 earnings per share for the quarter, missing analysts’ consensus estimates of $0.32 by ($0.14). Match Group had a net margin of 26.31% and a return on equity of 31.33%. The business had revenue of $379.00 million for the quarter, compared to analysts’ expectations of $362.86 million. During the same quarter in the prior year, the firm posted $0.29 EPS. The business’s quarterly revenue was up 28.5% compared to the same quarter last year.
A number of brokerages have recently weighed in on MTCH. BidaskClub downgraded Match Group from a “strong-buy” rating to a “buy” rating in a report on Wednesday, December 6th. Zacks Investment Research downgraded Match Group from a “hold” rating to a “sell” rating in a report on Tuesday, February 6th. UBS Group cut Match Group from a “buy” rating to a “neutral” rating in a research report on Thursday. Vetr cut Match Group from a “strong-buy” rating to a “buy” rating and set a $35.61 price objective for the company. in a research report on Monday, January 8th. Finally, Jefferies Group lifted their price objective on Match Group to $50.00 and gave the company a “buy” rating in a research report on Wednesday, March 7th. Eight research analysts have rated the stock with a hold rating, twelve have issued a buy rating and one has issued a strong buy rating to the stock. The stock currently has an average rating of “Buy” and an average target price of $39.32.
In other Match Group news, Director Ann Mcdaniel sold 5,676 shares of the business’s stock in a transaction dated Tuesday, February 27th. The stock was sold at an average price of $40.09, for a total value of $227,550.84. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, Director Gregory R. Blatt sold 456,673 shares of the business’s stock in a transaction dated Friday, March 2nd. The stock was sold at an average price of $39.71, for a total value of $18,134,484.83. Following the completion of the sale, the director now directly owns 2,504,859 shares of the company’s stock, valued at approximately $99,467,950.89. The disclosure for this sale can be found here. Insiders sold 721,437 shares of company stock valued at $28,580,747 in the last ninety days. Insiders own 18.10% of the company’s stock.
Several large investors have recently made changes to their positions in the business. Public Employees Retirement Association of Colorado lifted its position in shares of Match Group by 211.7% during the 4th quarter. Public Employees Retirement Association of Colorado now owns 3,584 shares of the technology company’s stock worth $112,000 after purchasing an additional 2,434 shares during the last quarter. Benjamin F. Edwards & Company Inc. lifted its position in shares of Match Group by 2,627.7% during the 4th quarter. Benjamin F. Edwards & Company Inc. now owns 3,737 shares of the technology company’s stock worth $117,000 after purchasing an additional 3,600 shares during the last quarter. The Manufacturers Life Insurance Company lifted its position in shares of Match Group by 7.4% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 7,525 shares of the technology company’s stock worth $131,000 after purchasing an additional 519 shares during the last quarter. Delpha Capital Management LLC acquired a new position in shares of Match Group during the 4th quarter worth about $138,000. Finally, Ladenburg Thalmann Financial Services Inc. lifted its position in shares of Match Group by 122.9% during the 4th quarter. Ladenburg Thalmann Financial Services Inc. now owns 4,462 shares of the technology company’s stock worth $140,000 after purchasing an additional 2,460 shares during the last quarter. 21.96% of the stock is owned by institutional investors.
Match Group (MTCH) opened at $46.79 on Thursday. Match Group has a twelve month low of $15.42 and a twelve month high of $46.81. The company has a current ratio of 1.40, a quick ratio of 1.40 and a debt-to-equity ratio of 2.50. The firm has a market capitalization of $12,840.00 and a price-to-earnings ratio of 30.38.
About Match Group
Match Group, Inc, incorporated on February 13, 2009, is a provider of dating products. The Company operates in the Dating segment. The Dating segment consists of all of its dating businesses across the globe. As of March 31, 2017, the Company operated a portfolio of over 45 brands, including Match, Tinder, PlentyOfFish, Meetic, OkCupid, Pairs, Twoo, OurTime, BlackPeopleMeet and LoveScout24, each designed to manage its users’ likelihood of finding a romantic connection.
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