$0.09 EPS Expected for Meet Group Inc (MEET) This Quarter

Analysts expect that Meet Group Inc (NASDAQ:MEET) will report earnings of $0.09 per share for the current fiscal quarter, according to Zacks. Two analysts have provided estimates for Meet Group’s earnings, with the highest EPS estimate coming in at $0.09 and the lowest estimate coming in at $0.08. Meet Group posted earnings of $0.11 per share in the same quarter last year, which indicates a negative year over year growth rate of 18.2%. The firm is expected to announce its next earnings report on Wednesday, November 14th.

On average, analysts expect that Meet Group will report full year earnings of $0.30 per share for the current financial year, with EPS estimates ranging from $0.29 to $0.31. For the next year, analysts expect that the company will post earnings of $0.37 per share, with EPS estimates ranging from $0.30 to $0.43. Zacks Investment Research’s earnings per share averages are an average based on a survey of research firms that follow Meet Group.

Meet Group (NASDAQ:MEET) last announced its earnings results on Wednesday, August 1st. The information services provider reported $0.08 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.06 by $0.02. Meet Group had a positive return on equity of 10.24% and a negative net margin of 45.79%. The firm had revenue of $42.80 million for the quarter, compared to the consensus estimate of $38.25 million.

MEET has been the subject of a number of research reports. ValuEngine raised Meet Group from a “hold” rating to a “buy” rating in a research report on Monday, July 2nd. BidaskClub cut Meet Group from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, July 10th. Canaccord Genuity raised Meet Group from a “hold” rating to a “buy” rating and lifted their price target for the stock from $3.00 to $6.00 in a research report on Thursday, July 19th. Finally, Zacks Investment Research cut Meet Group from a “buy” rating to a “hold” rating in a research report on Wednesday, July 4th. Three research analysts have rated the stock with a hold rating and three have given a buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus price target of $4.63.

In other news, Director Jason Whitt sold 18,500 shares of the business’s stock in a transaction dated Friday, July 13th. The stock was sold at an average price of $4.02, for a total value of $74,370.00. Following the completion of the transaction, the director now owns 62,382 shares of the company’s stock, valued at approximately $250,775.64. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Geoffrey Cook sold 250,000 shares of the business’s stock in a transaction dated Friday, June 15th. The shares were sold at an average price of $4.17, for a total value of $1,042,500.00. Following the completion of the transaction, the chief executive officer now directly owns 1,306,562 shares of the company’s stock, valued at approximately $5,448,363.54. The disclosure for this sale can be found here. Insiders own 6.10% of the company’s stock.

Several hedge funds have recently modified their holdings of MEET. Dimensional Fund Advisors LP increased its stake in shares of Meet Group by 0.3% in the 2nd quarter. Dimensional Fund Advisors LP now owns 6,018,805 shares of the information services provider’s stock valued at $26,964,000 after purchasing an additional 20,013 shares in the last quarter. BlackRock Inc. increased its stake in shares of Meet Group by 17.6% in the 2nd quarter. BlackRock Inc. now owns 4,823,976 shares of the information services provider’s stock valued at $21,611,000 after purchasing an additional 721,187 shares in the last quarter. Schwab Charles Investment Management Inc. increased its stake in shares of Meet Group by 17.2% in the 2nd quarter. Schwab Charles Investment Management Inc. now owns 142,044 shares of the information services provider’s stock valued at $637,000 after purchasing an additional 20,844 shares in the last quarter. Russell Investments Group Ltd. increased its stake in shares of Meet Group by 18.0% in the 2nd quarter. Russell Investments Group Ltd. now owns 283,011 shares of the information services provider’s stock valued at $1,267,000 after purchasing an additional 43,162 shares in the last quarter. Finally, Engineers Gate Manager LP increased its stake in shares of Meet Group by 76.2% in the 2nd quarter. Engineers Gate Manager LP now owns 134,720 shares of the information services provider’s stock valued at $604,000 after purchasing an additional 58,250 shares in the last quarter. 43.43% of the stock is owned by institutional investors and hedge funds.

Shares of MEET opened at $4.16 on Friday. Meet Group has a one year low of $1.84 and a one year high of $4.89. The company has a quick ratio of 1.15, a current ratio of 1.15 and a debt-to-equity ratio of 0.18. The stock has a market cap of $313.79 million, a price-to-earnings ratio of 13.42, a PEG ratio of 1.13 and a beta of 1.48.

Meet Group Company Profile

The Meet Group, Inc operates various mobile social entertainment applications. Its applications are designed to meet the universal need for human connection. The company's applications include MeetMe, LOVOO, Skout, and Tagged that keep mobile daily active users entertained and engaged, and originate untold numbers of casual chats, friendships, dates, and marriages.

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