Lendingtree (TREE) Releases Earnings Results

Lendingtree (NASDAQ:TREE) announced its earnings results on Thursday, July 26th. The financial services provider reported $1.47 EPS for the quarter, topping the consensus estimate of $0.78 by $0.69, Bloomberg Earnings reports. The firm had revenue of $184.10 million for the quarter, compared to the consensus estimate of $194.88 million. Lendingtree had a net margin of 10.82% and a return on equity of 12.09%. The business’s quarterly revenue was up 20.5% on a year-over-year basis. During the same period last year, the company posted $0.90 EPS.

Shares of Lendingtree opened at $245.80 on Friday, MarketBeat Ratings reports. The stock has a market capitalization of $3.13 billion, a PE ratio of 81.39, a price-to-earnings-growth ratio of 1.61 and a beta of 1.78. Lendingtree has a 52-week low of $205.45 and a 52-week high of $404.40. The company has a debt-to-equity ratio of 0.70, a current ratio of 3.59 and a quick ratio of 3.59.

Several brokerages have commented on TREE. Zacks Investment Research upgraded shares of Lendingtree from a “sell” rating to a “buy” rating and set a $362.00 target price on the stock in a report on Wednesday, April 25th. BidaskClub upgraded shares of Lendingtree from a “sell” rating to a “hold” rating in a report on Friday, June 8th. ValuEngine downgraded shares of Lendingtree from a “hold” rating to a “sell” rating in a report on Friday, April 27th. SunTrust Banks lowered their price objective on shares of Lendingtree to $310.00 and set a “hold” rating on the stock in a report on Friday, April 27th. Finally, UBS Group upgraded shares of Lendingtree from a “neutral” rating to a “buy” rating and set a $375.00 price objective on the stock in a report on Monday, May 7th. Three research analysts have rated the stock with a sell rating, seven have issued a hold rating and nine have issued a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average target price of $331.81.

In related news, Director Peter Horan sold 1,000 shares of the business’s stock in a transaction dated Tuesday, August 7th. The stock was sold at an average price of $244.51, for a total value of $244,510.00. Following the completion of the transaction, the director now owns 24,015 shares of the company’s stock, valued at $5,871,907.65. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, CEO Douglas R. Lebda sold 14,750 shares of the business’s stock in a transaction dated Tuesday, June 12th. The shares were sold at an average price of $279.30, for a total value of $4,119,675.00. Following the completion of the transaction, the chief executive officer now directly owns 534,354 shares of the company’s stock, valued at approximately $149,245,072.20. The disclosure for this sale can be found here. In the last ninety days, insiders sold 281,432 shares of company stock valued at $70,338,681. 20.50% of the stock is owned by insiders.

A number of hedge funds and other institutional investors have recently modified their holdings of TREE. Baillie Gifford & Co. increased its stake in shares of Lendingtree by 5.0% in the second quarter. Baillie Gifford & Co. now owns 1,330,086 shares of the financial services provider’s stock valued at $284,373,000 after buying an additional 63,369 shares during the period. Nikko Asset Management Americas Inc. increased its stake in shares of Lendingtree by 39.6% in the second quarter. Nikko Asset Management Americas Inc. now owns 381,155 shares of the financial services provider’s stock valued at $81,491,000 after buying an additional 108,057 shares during the period. Sumitomo Mitsui Trust Holdings Inc. increased its stake in shares of Lendingtree by 38.4% in the second quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 377,933 shares of the financial services provider’s stock valued at $80,802,000 after buying an additional 104,835 shares during the period. Allianz Asset Management GmbH increased its stake in shares of Lendingtree by 38.1% in the first quarter. Allianz Asset Management GmbH now owns 301,365 shares of the financial services provider’s stock valued at $98,893,000 after buying an additional 83,215 shares during the period. Finally, Sumitomo Mitsui Asset Management Company LTD increased its stake in shares of Lendingtree by 13.4% in the second quarter. Sumitomo Mitsui Asset Management Company LTD now owns 288,020 shares of the financial services provider’s stock valued at $61,578,000 after buying an additional 33,935 shares during the period. 77.65% of the stock is owned by hedge funds and other institutional investors.

About Lendingtree

LendingTree, Inc, through its subsidiary, LendingTree, LLC, operates an online loan marketplace for consumers seeking loans and other credit-based offerings 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.

Further Reading: Understanding Price to Earnings Ratio (PE)

Earnings History for Lendingtree (NASDAQ:TREE)

Receive News & Ratings for Lendingtree Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Lendingtree and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply