Wall Street brokerages forecast that Lendingtree Inc (NASDAQ:TREE) will report $238.95 million in sales for the current fiscal quarter, Zacks Investment Research reports. Five analysts have provided estimates for Lendingtree’s earnings. The highest sales estimate is $240.70 million and the lowest is $237.08 million. Lendingtree reported sales of $181.04 million in the same quarter last year, which would suggest a positive year over year growth rate of 32%. The firm is scheduled to issue its next earnings report on Thursday, April 25th.
On average, analysts expect that Lendingtree will report full year sales of $1.03 billion for the current fiscal year, with estimates ranging from $1.01 billion to $1.04 billion. For the next financial year, analysts anticipate that the firm will post sales of $1.21 billion, with estimates ranging from $1.17 billion to $1.22 billion. Zacks Investment Research’s sales calculations are a mean average based on a survey of research firms that that provide coverage for Lendingtree.
Lendingtree (NASDAQ:TREE) last released its earnings results on Tuesday, February 26th. The financial services provider reported $1.22 earnings per share for the quarter, missing the Zacks’ consensus estimate of $1.46 by ($0.24). Lendingtree had a return on equity of 13.92% and a net margin of 12.62%. The firm had revenue of $202.70 million for the quarter, compared to analyst estimates of $208.14 million. During the same period in the prior year, the firm earned $0.84 EPS. The firm’s revenue was up 25.9% on a year-over-year basis.
Shares of Lendingtree stock traded up $7.60 on Friday, hitting $359.96. The stock had a trading volume of 15,262 shares, compared to its average volume of 150,036. 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 one year low of $183.25 and a one year high of $365.13. The stock has a market capitalization of $4.52 billion, a price-to-earnings ratio of 40.54, a P/E/G ratio of 2.78 and a beta of 2.40.
In other news, insider Carla Shumate sold 2,495 shares of the stock in a transaction on Monday, March 18th. The stock was sold at an average price of $350.00, for a total transaction of $873,250.00. Following the transaction, the insider now owns 5,152 shares of the company’s stock, valued at approximately $1,803,200. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Steven Ozonian sold 975 shares of the stock in a transaction on Wednesday, February 27th. The stock was sold at an average price of $314.98, for a total value of $307,105.50. Following the transaction, the director now directly owns 6,394 shares in the company, valued at approximately $2,013,982.12. The disclosure for this sale can be found here. Insiders have sold a total of 27,280 shares of company stock worth $9,332,679 over the last ninety days. Insiders own 20.50% of the company’s stock.
Several institutional investors and hedge funds have recently bought and sold shares of TREE. Whittier Trust Co. raised its stake in shares of Lendingtree by 488.2% in the fourth quarter. Whittier Trust Co. now owns 200 shares of the financial services provider’s stock worth $44,000 after purchasing an additional 166 shares during the last quarter. Toronto Dominion Bank acquired a new stake in Lendingtree in the fourth quarter valued at approximately $71,000. Amundi Pioneer Asset Management Inc. acquired a new stake in shares of Lendingtree in the fourth quarter worth approximately $108,000. Advisors Asset Management Inc. boosted its stake in shares of Lendingtree by 27.7% in the fourth quarter. Advisors Asset Management Inc. now owns 683 shares of the financial services provider’s stock worth $150,000 after acquiring an additional 148 shares during the last quarter. Finally, Blueshift Asset Management LLC acquired a new stake in shares of Lendingtree in the fourth quarter worth approximately $246,000. 84.75% of the stock is currently owned by institutional investors and hedge funds.
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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