Brokerages Expect Match Group Inc (MTCH) Will Announce Earnings of $0.45 Per Share

Brokerages expect Match Group Inc (NASDAQ:MTCH) to announce earnings per share of $0.45 for the current fiscal quarter, Zacks Investment Research reports. Six analysts have made estimates for Match Group’s earnings, with the highest EPS estimate coming in at $0.49 and the lowest estimate coming in at $0.43. Match Group reported earnings of $0.41 per share in the same quarter last year, which would suggest a positive year over year growth rate of 9.8%. The company is scheduled to issue its next earnings report on Tuesday, August 6th.

On average, analysts expect that Match Group will report full-year earnings of $1.91 per share for the current fiscal year, with EPS estimates ranging from $1.73 to $2.12. For the next fiscal year, analysts anticipate that the business will post earnings of $2.23 per share, with EPS estimates ranging from $2.10 to $2.42. Zacks Investment Research’s EPS averages are an average based on a survey of sell-side research analysts that that provide coverage for Match Group.

Match Group (NASDAQ:MTCH) last posted its quarterly earnings data on Tuesday, May 7th. The technology company reported $0.42 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.25 by $0.17. The firm had revenue of $464.60 million during the quarter, compared to the consensus estimate of $463.69 million. Match Group had a net margin of 27.90% and a return on equity of 120.25%. The business’s revenue for the quarter was up 14.0% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.26 EPS.

A number of analysts have issued reports on MTCH shares. Zacks Investment Research raised shares of Match Group from a “hold” rating to a “buy” rating and set a $54.00 price objective for the company in a report on Thursday, January 24th. Aegis boosted their price objective on shares of Match Group from $62.00 to $70.00 and gave the company a “buy” rating in a report on Friday, February 8th. BidaskClub downgraded shares of Match Group from a “strong-buy” rating to a “buy” rating in a report on Saturday, March 9th. ValuEngine cut shares of Match Group from a “strong-buy” rating to a “buy” rating in a research report on Friday, April 5th. Finally, Barclays boosted their target price on shares of Match Group from $56.00 to $66.00 and gave the company an “equal weight” rating in a research report on Thursday, May 9th. Seven research analysts have rated the stock with a hold rating, five have assigned a buy rating and three have issued a strong buy rating to the company. The stock has an average rating of “Buy” and a consensus target price of $63.26.

NASDAQ MTCH opened at $69.36 on Friday. The company has a quick ratio of 1.13, a current ratio of 1.13 and a debt-to-equity ratio of 11.10. The stock has a market capitalization of $19.50 billion, a price-to-earnings ratio of 52.15, a price-to-earnings-growth ratio of 2.65 and a beta of 0.58. Match Group has a 12-month low of $33.30 and a 12-month high of $75.28.

Several large investors have recently modified their holdings of the company. BlackRock Inc. raised its position in shares of Match Group by 0.3% in the 4th quarter. BlackRock Inc. now owns 2,883,109 shares of the technology company’s stock valued at $123,309,000 after buying an additional 9,441 shares in the last quarter. FMR LLC raised its position in shares of Match Group by 27.1% in the 4th quarter. FMR LLC now owns 2,288,741 shares of the technology company’s stock valued at $97,890,000 after buying an additional 488,384 shares in the last quarter. Renaissance Technologies LLC raised its position in shares of Match Group by 400.8% in the 1st quarter. Renaissance Technologies LLC now owns 2,156,300 shares of the technology company’s stock valued at $122,068,000 after buying an additional 1,725,700 shares in the last quarter. First Trust Advisors LP raised its position in shares of Match Group by 40.9% in the 4th quarter. First Trust Advisors LP now owns 1,027,241 shares of the technology company’s stock valued at $43,935,000 after buying an additional 298,046 shares in the last quarter. Finally, Geode Capital Management LLC raised its position in shares of Match Group by 6.8% in the 1st quarter. Geode Capital Management LLC now owns 604,180 shares of the technology company’s stock valued at $34,202,000 after buying an additional 38,481 shares in the last quarter. Institutional investors own 19.81% of the company’s stock.

About Match Group

Match Group, Inc provides dating products worldwide. It operates a portfolio of brands, including Tinder, Match, PlentyOfFish, Meetic, OkCupid, OurTime, Pairs, and Hinge, as well as other brands. Match Group, Inc offers its dating products through its applications and Websites in approximately 40 languages.

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Earnings History and Estimates for Match Group (NASDAQ:MTCH)

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