Match Group (NASDAQ:MTCH) released its quarterly earnings results on Tuesday. The technology company reported $0.51 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.42 by $0.09, Briefing.com reports. Match Group had a return on equity of 166.69% and a net margin of 26.51%. The firm had revenue of $541.50 million for the quarter, compared to analyst estimates of $540.73 million. During the same quarter last year, the company posted $0.44 earnings per share. The business’s revenue was up 22.0% on a year-over-year basis.
MTCH traded down $0.86 during trading on Friday, reaching $68.84. The company’s stock had a trading volume of 233,419 shares, compared to its average volume of 1,980,047. Match Group has a 52-week low of $33.30 and a 52-week high of $95.32. The company’s fifty day moving average price is $73.71 and its 200-day moving average price is $73.53. The company has a market capitalization of $19.33 billion, a price-to-earnings ratio of 51.89, a price-to-earnings-growth ratio of 2.33 and a beta of 0.19. The company has a debt-to-equity ratio of 7.63, a quick ratio of 1.32 and a current ratio of 1.32.
A number of equities analysts recently issued reports on the company. Citigroup assumed coverage on Match Group in a report on Tuesday, September 17th. They set a “buy” rating and a $95.00 price target on the stock. BidaskClub lowered Match Group from a “hold” rating to a “sell” rating in a report on Wednesday. Evercore ISI raised Match Group from an “in-line” rating to an “outperform” rating and set a $95.00 price target on the stock in a report on Friday, September 27th. Macquarie reissued an “outperform” rating and set a $92.00 price target (up previously from $74.00) on shares of Match Group in a report on Thursday, August 8th. Finally, Deutsche Bank raised Match Group from a “hold” rating to a “buy” rating and lowered their price target for the stock from $93.00 to $91.00 in a report on Monday, October 7th. Two research analysts have rated the stock with a sell rating, six have given a hold rating, twelve have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus target price of $88.56.
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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