Equities research analysts expect Meet Group Inc (NASDAQ:MEET) to post earnings of $0.16 per share for the current quarter, according to Zacks Investment Research. Three analysts have issued estimates for Meet Group’s earnings, with the lowest EPS estimate coming in at $0.15 and the highest estimate coming in at $0.17. Meet Group posted earnings of $0.12 per share in the same quarter last year, which would indicate a positive year over year growth rate of 33.3%. The business is expected to issue its next earnings results on Wednesday, March 4th.
On average, analysts expect that Meet Group will report full year earnings of $0.50 per share for the current fiscal year, with EPS estimates ranging from $0.48 to $0.51. For the next financial year, analysts forecast that the business will post earnings of $0.61 per share, with EPS estimates ranging from $0.54 to $0.68. Zacks’ EPS averages are an average based on a survey of research analysts that follow Meet Group.
Meet Group (NASDAQ:MEET) last issued its quarterly earnings results on Thursday, November 7th. The information services provider reported $0.09 earnings per share (EPS) for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.09. The company had revenue of $52.62 million for the quarter, compared to the consensus estimate of $51.57 million. Meet Group had a return on equity of 12.28% and a net margin of 5.20%.
A number of brokerages have commented on MEET. Northland Securities restated a “buy” rating and set a $6.00 price target on shares of Meet Group in a research note on Friday, November 8th. Zacks Investment Research cut shares of Meet Group from a “buy” rating to a “hold” rating in a research report on Thursday, November 14th. BidaskClub upgraded shares of Meet Group from a “sell” rating to a “hold” rating in a research report on Tuesday, November 12th. Roth Capital started coverage on shares of Meet Group in a report on Thursday, November 14th. They set a “buy” rating and a $6.50 target price for the company. Finally, Canaccord Genuity lowered shares of Meet Group from a “buy” rating to a “hold” rating in a report on Wednesday, November 6th. Four equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus price target of $6.39.
Several hedge funds and other institutional investors have recently bought and sold shares of MEET. DekaBank Deutsche Girozentrale acquired a new stake in shares of Meet Group during the 2nd quarter worth approximately $35,000. Meritage Portfolio Management bought a new position in shares of Meet Group during the second quarter valued at $38,000. Meeder Asset Management Inc. raised its stake in shares of Meet Group by 3,841.4% during the second quarter. Meeder Asset Management Inc. now owns 15,332 shares of the information services provider’s stock valued at $54,000 after acquiring an additional 14,943 shares during the last quarter. Jane Street Group LLC bought a new position in shares of Meet Group during the second quarter valued at $58,000. Finally, Schroder Investment Management Group bought a new position in shares of Meet Group during the second quarter valued at $67,000. Institutional investors and hedge funds own 68.95% of the company’s stock.
MEET stock traded up $0.14 during trading on Friday, reaching $5.06. 871,469 shares of the stock were exchanged, compared to its average volume of 842,609. Meet Group has a twelve month low of $3.05 and a twelve month high of $6.27. The company has a market capitalization of $359.26 million, a P/E ratio of 21.08, a price-to-earnings-growth ratio of 0.60 and a beta of 1.57. The stock has a 50 day simple moving average of $4.80 and a 200-day simple moving average of $3.92. The company has a current ratio of 1.64, a quick ratio of 1.64 and a debt-to-equity ratio of 0.17.
Meet Group Company Profile
The Meet Group, Inc operates a portfolio of mobile social entertainment applications to meet the need for human connection worldwide. The company leverages a live-streaming video platform, empowering community to forge meaningful connections. The company's primary applications include, MeetMe, LOVOO, Skout, Tagged, and Growlr, which keeps mobile daily active users, entertained and engaged, and originate numbers of casual chats, friendships, dates, and marriages.
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