Analysts Expect Match Group Inc (NASDAQ:MTCH) Will Post Earnings of $0.50 Per Share

Wall Street analysts expect Match Group Inc (NASDAQ:MTCH) to announce earnings of $0.50 per share for the current quarter, Zacks Investment Research reports. Four analysts have issued estimates for Match Group’s earnings, with the highest EPS estimate coming in at $0.55 and the lowest estimate coming in at $0.46. Match Group posted earnings per share of $0.43 in the same quarter last year, which would indicate a positive year-over-year growth rate of 16.3%. The company is scheduled to issue its next earnings report on Wednesday, February 5th.

On average, analysts expect that Match Group will report full-year earnings of $2.10 per share for the current financial year, with EPS estimates ranging from $2.06 to $2.15. For the next fiscal year, analysts anticipate that the company will post earnings of $2.18 per share, with EPS estimates ranging from $2.05 to $2.27. Zacks’ EPS averages are a mean average based on a survey of research analysts that that provide coverage for Match Group.

Match Group (NASDAQ:MTCH) last issued its quarterly earnings data on Tuesday, November 5th. The technology company reported $0.51 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.42 by $0.09. Match Group had a return on equity of 293.15% and a net margin of 26.41%. The company had revenue of $541.50 million for the quarter, compared to analysts’ expectations of $540.73 million. During the same period in the previous year, the firm posted $0.44 earnings per share. The firm’s revenue for the quarter was up 22.0% on a year-over-year basis.

A number of analysts recently issued reports on MTCH shares. Bank of America set a $102.00 price target on Match Group and gave the company a “buy” rating in a report on Thursday, September 26th. Evercore ISI upgraded Match Group from an “in-line” rating to an “outperform” rating and set a $95.00 price target for the company in a report on Friday, September 27th. BMO Capital Markets reiterated a “market perform” rating and issued a $75.00 price target on shares of Match Group in a report on Monday, November 11th. They noted that the move was a valuation call. Macquarie reiterated an “outperform” rating and issued a $92.00 price target (up previously from $74.00) on shares of Match Group in a report on Thursday, August 8th. Finally, UBS Group upgraded Match Group from a “neutral” rating to a “buy” rating and lowered their price target for the company from $95.00 to $88.00 in a report on Thursday, November 7th. Two equities research analysts have rated the stock with a sell rating, seven have given a hold rating and twelve have given a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average target price of $87.29.

Hedge funds have recently added to or reduced their stakes in the stock. Renaissance Technologies LLC boosted its holdings in shares of Match Group by 30.9% in the second quarter. Renaissance Technologies LLC now owns 2,821,900 shares of the technology company’s stock worth $189,829,000 after buying an additional 665,600 shares during the period. JPMorgan Chase & Co. boosted its holdings in shares of Match Group by 8.4% in the second quarter. JPMorgan Chase & Co. now owns 5,469,837 shares of the technology company’s stock worth $373,207,000 after buying an additional 425,333 shares during the period. Nuveen Asset Management LLC boosted its holdings in shares of Match Group by 101.7% in the second quarter. Nuveen Asset Management LLC now owns 538,095 shares of the technology company’s stock worth $36,197,000 after buying an additional 271,287 shares during the period. Strs Ohio boosted its holdings in shares of Match Group by 203.9% in the third quarter. Strs Ohio now owns 387,978 shares of the technology company’s stock worth $27,717,000 after buying an additional 260,298 shares during the period. Finally, Bank of America Corp DE boosted its holdings in shares of Match Group by 24.5% in the second quarter. Bank of America Corp DE now owns 1,187,742 shares of the technology company’s stock worth $79,899,000 after buying an additional 233,918 shares during the period. 23.21% of the stock is currently owned by institutional investors and hedge funds.

Shares of NASDAQ:MTCH traded up $1.01 during trading hours on Monday, hitting $71.09. 1,053,752 shares of the company’s stock traded hands, compared to its average volume of 1,984,443. Match Group has a 1 year low of $33.30 and a 1 year high of $95.32. The business has a fifty day moving average price of $72.62 and a 200-day moving average price of $73.81. The firm has a market capitalization of $19.50 billion, a P/E ratio of 53.45, a price-to-earnings-growth ratio of 2.26 and a beta of 0.19. The company has a debt-to-equity ratio of 7.04, a current ratio of 1.35 and a quick ratio of 1.35.

Match Group Company Profile

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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