Match Group Inc (MTCH) to Post Q4 2018 Earnings of $0.35 Per Share, SunTrust Banks Forecasts

Match Group Inc (NASDAQ:MTCH) – Equities researchers at SunTrust Banks issued their Q4 2018 earnings estimates for Match Group in a research report issued to clients and investors on Tuesday, December 18th, Zacks Investment Research reports. SunTrust Banks analyst Y. Squali forecasts that the technology company will earn $0.35 per share for the quarter. SunTrust Banks currently has a “Hold” rating and a $47.00 target price on the stock. SunTrust Banks also issued estimates for Match Group’s FY2019 earnings at $1.36 EPS, FY2020 earnings at $2.01 EPS and FY2022 earnings at $2.93 EPS.

Match Group (NASDAQ:MTCH) last announced its earnings results on Tuesday, November 6th. The technology company reported $0.39 EPS for the quarter, topping the consensus estimate of $0.36 by $0.03. Match Group had a return on equity of 60.95% and a net margin of 21.24%. The business had revenue of $444.00 million for the quarter, compared to the consensus estimate of $438.03 million. During the same period in the previous year, the business earned $0.19 EPS. Match Group’s revenue was up 29.4% compared to the same quarter last year.

MTCH has been the topic of a number of other research reports. Nomura started coverage on shares of Match Group in a report on Thursday, October 11th. They set a “buy” rating and a $66.00 target price on the stock. BidaskClub raised shares of Match Group from a “buy” rating to a “strong-buy” rating in a report on Saturday, September 29th. ValuEngine upgraded shares of Match Group from a “hold” rating to a “buy” rating in a report on Monday, November 12th. Deutsche Bank raised their price objective on shares of Match Group from $56.00 to $61.00 and gave the stock a “buy” rating in a research note on Monday, November 5th. Finally, Aegis dropped their target price on Match Group from $65.00 to $62.00 and set a “buy” rating for the company in a research report on Friday, November 9th. Nine research analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus price target of $50.69.

Shares of NASDAQ MTCH traded down $0.35 during midday trading on Thursday, reaching $44.69. 1,308,622 shares of the company were exchanged, compared to its average volume of 1,793,203. Match Group has a one year low of $30.85 and a one year high of $60.95. The company has a debt-to-equity ratio of 1.93, a quick ratio of 1.63 and a current ratio of 1.63. The stock has a market cap of $12.52 billion, a PE ratio of 86.08, a PEG ratio of 1.93 and a beta of 0.25.

Large investors have recently bought and sold shares of the business. Flagship Harbor Advisors LLC acquired a new position in Match Group during the 2nd quarter worth $111,000. Thompson Siegel & Walmsley LLC bought a new stake in shares of Match Group during the 3rd quarter valued at $116,000. Commonwealth Bank of Australia raised its position in shares of Match Group by 155.6% during the 3rd quarter. Commonwealth Bank of Australia now owns 2,300 shares of the technology company’s stock valued at $133,000 after acquiring an additional 1,400 shares during the last quarter. Valeo Financial Advisors LLC bought a new stake in shares of Match Group during the 2nd quarter valued at $150,000. Finally, Metropolitan Life Insurance Co. NY raised its position in shares of Match Group by 48.9% during the 2nd quarter. Metropolitan Life Insurance Co. NY now owns 4,067 shares of the technology company’s stock valued at $158,000 after acquiring an additional 1,336 shares during the last quarter. 23.25% of the stock is currently owned by hedge funds and other institutional investors.

The company also recently disclosed a special dividend, which was paid on Wednesday, December 19th. Shareholders of record on Wednesday, December 5th were issued a dividend of $2.00 per share. The ex-dividend date was Tuesday, December 4th.

Match Group Company Profile

Match Group, Inc provides dating products. It operates a portfolio of brands, including Tinder, Match, PlentyOfFish, Meetic, OkCupid, OurTime, and Pairs. Match Group, Inc offers its dating products through its Websites and applications in 42 languages approximately in 190 countries. The company was incorporated in 2009 and is headquartered in Dallas, Texas.

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