Analysts expect Lendingtree Inc (NASDAQ:TREE) to post $1.26 earnings per share for the current fiscal quarter, Zacks reports. Five analysts have issued estimates for Lendingtree’s earnings, with the highest EPS estimate coming in at $1.50 and the lowest estimate coming in at $0.88. Lendingtree posted earnings per share of $1.10 during the same quarter last year, which indicates a positive year-over-year growth rate of 14.5%. The business is scheduled to announce its next earnings results on Thursday, April 25th.
On average, analysts expect that Lendingtree will report full-year earnings of $7.90 per share for the current financial year, with EPS estimates ranging from $6.51 to $9.21. For the next financial year, analysts forecast that the company will post earnings of $10.25 per share, with EPS estimates ranging from $9.62 to $10.95. Zacks Investment Research’s EPS calculations are a mean average based on a survey of research analysts that that provide coverage for Lendingtree.
Lendingtree (NASDAQ:TREE) last issued its quarterly earnings data on Tuesday, February 26th. The financial services provider reported $1.22 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $1.46 by ($0.24). Lendingtree had a net margin of 12.62% and a return on equity of 13.92%. The business had revenue of $202.70 million during the quarter, compared to analyst estimates of $208.14 million. During the same quarter in the prior year, the firm posted $0.84 earnings per share. Lendingtree’s revenue for the quarter was up 25.9% compared to the same quarter last year.
In other Lendingtree news, insider Carla Shumate sold 2,495 shares of the business’s stock in a transaction that occurred on Monday, March 18th. The stock was sold at an average price of $350.00, for a total value of $873,250.00. Following the sale, the insider now owns 5,152 shares in the company, valued at approximately $1,803,200. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Steven Ozonian sold 975 shares of the business’s stock in a transaction that occurred on Wednesday, February 27th. The shares were sold at an average price of $314.98, for a total value of $307,105.50. Following the completion of the sale, the director now owns 6,394 shares in the company, valued at approximately $2,013,982.12. The disclosure for this sale can be found here. Insiders sold a total of 9,775 shares of company stock worth $3,205,929 in the last 90 days. Company insiders own 20.50% of the company’s stock.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Arizona State Retirement System lifted its stake in Lendingtree by 1.2% in the 4th quarter. Arizona State Retirement System now owns 5,340 shares of the financial services provider’s stock valued at $1,173,000 after acquiring an additional 62 shares in the last quarter. Renaissance Group LLC raised its stake in shares of Lendingtree by 4.2% during the 4th quarter. Renaissance Group LLC now owns 1,945 shares of the financial services provider’s stock worth $427,000 after purchasing an additional 79 shares in the last quarter. Comerica Bank raised its stake in shares of Lendingtree by 1.9% during the 4th quarter. Comerica Bank now owns 5,079 shares of the financial services provider’s stock worth $1,460,000 after purchasing an additional 96 shares in the last quarter. Advisors Asset Management Inc. raised its stake in shares of Lendingtree by 27.7% during the 4th quarter. Advisors Asset Management Inc. now owns 683 shares of the financial services provider’s stock worth $150,000 after purchasing an additional 148 shares in the last quarter. Finally, Whittier Trust Co. raised its stake in shares of Lendingtree by 488.2% during the 4th quarter. Whittier Trust Co. now owns 200 shares of the financial services provider’s stock worth $44,000 after purchasing an additional 166 shares in the last quarter. Hedge funds and other institutional investors own 84.75% of the company’s stock.
Shares of TREE traded up $3.78 on Friday, hitting $351.56. The company’s stock had a trading volume of 109,066 shares, compared to its average volume of 180,887. The company has a debt-to-equity ratio of 0.72, a quick ratio of 0.89 and a current ratio of 0.89. Lendingtree has a fifty-two week low of $183.25 and a fifty-two week high of $353.79. The firm has a market capitalization of $4.46 billion, a PE ratio of 39.59, a P/E/G ratio of 2.63 and a beta of 2.40.
Lendingtree Company Profile
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.
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