Zacks: Brokerages Expect Match Group Inc (MTCH) to Post $0.45 Earnings Per Share

Wall Street brokerages expect Match Group Inc (NASDAQ:MTCH) to report earnings per share of $0.45 for the current fiscal quarter, Zacks Investment Research reports. Six analysts have made estimates for Match Group’s earnings, with estimates ranging from $0.43 to $0.49. Match Group reported earnings per share of $0.41 in the same quarter last year, which would indicate a positive year over year growth rate of 9.8%. The business is expected to issue its next quarterly earnings report on Tuesday, August 6th.

According to Zacks, analysts expect that Match Group will report full-year earnings of $1.91 per share for the current year, with EPS estimates ranging from $1.73 to $2.12. For the next financial year, analysts anticipate that the company will report earnings of $2.23 per share, with EPS estimates ranging from $2.10 to $2.42. Zacks’ EPS calculations are an average based on a survey of research analysts that follow Match Group.

Match Group (NASDAQ:MTCH) last released its earnings results on Tuesday, May 7th. The technology company reported $0.42 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.25 by $0.17. The firm had revenue of $464.60 million during the quarter, compared to analysts’ expectations of $463.69 million. Match Group had a net margin of 27.90% and a return on equity of 120.25%. The business’s quarterly revenue was up 14.0% compared to the same quarter last year. During the same period in the prior year, the company earned $0.26 EPS.

Several research firms recently commented on MTCH. Zacks Investment Research cut shares of Match Group from a “buy” rating to a “hold” rating in a research note on Friday, January 25th. ValuEngine cut shares of Match Group from a “strong-buy” rating to a “buy” rating in a research note on Friday, April 5th. Barclays upped their target price on shares of Match Group from $56.00 to $66.00 and gave the company an “equal weight” rating in a research note on Thursday, May 9th. BidaskClub cut shares of Match Group from a “strong-buy” rating to a “buy” rating in a research note on Saturday, March 9th. Finally, Goldman Sachs Group began coverage on shares of Match Group in a research note on Monday, February 4th. They set a “sell” rating and a $45.00 target price for the company. Seven research analysts have rated the stock with a hold rating, five have given a buy rating and three have assigned a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average target price of $63.26.

NASDAQ:MTCH opened at $71.35 on Friday. The firm has a market cap of $20.08 billion, a P/E ratio of 53.65, a P/E/G ratio of 2.71 and a beta of 0.58. Match Group has a one year low of $33.30 and a one year high of $75.28. The company has a quick ratio of 1.13, a current ratio of 1.13 and a debt-to-equity ratio of 11.10.

Hedge funds have recently made changes to their positions in the company. Bank of New York Mellon Corp boosted its holdings in Match Group by 4.0% in the 3rd quarter. Bank of New York Mellon Corp now owns 514,390 shares of the technology company’s stock worth $29,788,000 after buying an additional 19,651 shares during the last quarter. Boston Advisors LLC boosted its holdings in Match Group by 23.4% in the 4th quarter. Boston Advisors LLC now owns 16,926 shares of the technology company’s stock worth $724,000 after buying an additional 3,211 shares during the last quarter. Nisa Investment Advisors LLC boosted its holdings in Match Group by 1.8% in the 4th quarter. Nisa Investment Advisors LLC now owns 36,150 shares of the technology company’s stock worth $1,546,000 after buying an additional 640 shares during the last quarter. IFP Advisors Inc boosted its holdings in Match Group by 22.1% in the 4th quarter. IFP Advisors Inc now owns 2,793 shares of the technology company’s stock worth $118,000 after buying an additional 506 shares during the last quarter. Finally, Strs Ohio boosted its holdings in Match Group by 10.4% in the 4th quarter. Strs Ohio now owns 4,010 shares of the technology company’s stock worth $171,000 after buying an additional 377 shares during the last quarter. Institutional investors own 20.20% of the company’s stock.

About Match Group

Match Group, Inc provides dating products worldwide. It operates a portfolio of brands, including Tinder, Match, PlentyOfFish, Meetic, OkCupid, OurTime, Pairs, and Hinge, as well as other brands. Match Group, Inc offers its dating products through its applications and Websites in approximately 40 languages.

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