Equities analysts expect Match Group, Inc. (NASDAQ:MTCH) to post earnings per share of $0.16 for the current fiscal quarter, according to Zacks Investment Research. Five analysts have provided estimates for Match Group’s earnings, with the highest EPS estimate coming in at $0.18 and the lowest estimate coming in at $0.14. Match Group posted earnings of $0.20 per share during the same quarter last year, which would indicate a negative year-over-year growth rate of 20%. The firm is expected to report its next quarterly earnings results on Tuesday, November 7th.
According to Zacks, analysts expect that Match Group will report full year earnings of $0.63 per share for the current fiscal year, with EPS estimates ranging from $0.59 to $0.69. For the next year, analysts expect that the company will report earnings of $0.79 per share, with EPS estimates ranging from $0.74 to $0.82. Zacks’ EPS averages are a mean average based on a survey of sell-side research firms that follow Match Group.
Match Group (NASDAQ:MTCH) last posted its quarterly earnings data on Tuesday, August 1st. The technology company reported $0.16 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.19 by $0.03. The company had revenue of $309.57 million for the quarter, compared to analyst estimates of $310.36 million. Match Group had a return on equity of 34.49% and a net margin of 16.21%. The business’s revenue was up 12.4% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.17 earnings per share.
Several research analysts have recently issued reports on the company. Vetr raised Match Group from a “buy” rating to a “strong-buy” rating and set a $21.09 price target for the company in a research note on Wednesday, May 17th. Zacks Investment Research downgraded shares of Match Group from a “hold” rating to a “sell” rating in a research note on Tuesday, May 16th. Aegis boosted their target price on shares of Match Group from $20.00 to $22.00 and gave the company a “buy” rating in a research note on Friday, May 5th. BidaskClub downgraded shares of Match Group from a “buy” rating to a “hold” rating in a research note on Saturday, June 10th. Finally, Jefferies Group LLC boosted their target price on shares of Match Group from $21.00 to $23.00 and gave the company a “buy” rating in a research note on Friday, May 5th. Two equities research analysts have rated the stock with a sell rating, two have assigned a hold rating and fourteen have given a buy rating to the company. The stock presently has an average rating of “Buy” and a consensus target price of $20.62.
In other Match Group news, insider Amarnath Thombre sold 116,126 shares of Match Group stock in a transaction dated Tuesday, May 23rd. The stock was sold at an average price of $19.63, for a total value of $2,279,553.38. Following the completion of the sale, the insider now owns 50,000 shares in the company, valued at approximately $981,500. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 18.10% of the stock is owned by insiders.
A number of hedge funds have recently bought and sold shares of the stock. Guggenheim Capital LLC acquired a new stake in Match Group during the fourth quarter valued at approximately $959,000. Teachers Advisors LLC boosted its stake in Match Group by 6.0% in the fourth quarter. Teachers Advisors LLC now owns 27,445 shares of the technology company’s stock valued at $469,000 after buying an additional 1,562 shares during the period. Macquarie Group Ltd. acquired a new stake in Match Group during the fourth quarter valued at approximately $1,510,000. Russell Investments Group Ltd. boosted its stake in Match Group by 33.2% in the first quarter. Russell Investments Group Ltd. now owns 310,365 shares of the technology company’s stock valued at $5,069,000 after buying an additional 77,331 shares during the period. Finally, State Board of Administration of Florida Retirement System acquired a new stake in Match Group during the first quarter valued at approximately $1,378,000. Institutional investors own 20.89% of the company’s stock.
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Match Group (MTCH) opened at 18.76 on Thursday. The firm’s 50-day moving average is $18.18 and its 200-day moving average is $17.83. The firm has a market capitalization of $4.92 billion, a PE ratio of 26.69 and a beta of 0.64. Match Group has a 52-week low of $14.32 and a 52-week high of $20.75.
Match Group announced that its board has approved a stock repurchase plan on Tuesday, May 2nd that allows the company to repurchase 6,000,000 shares. This repurchase authorization allows the technology company to reacquire shares of its stock through open market purchases. Stock repurchase plans are generally a sign that the company’s board of directors believes its shares are undervalued.
About Match Group
Match Group, Inc, incorporated on February 13, 2009, is a provider of dating products. The Company operates in the Dating segment. The Dating segment consists of all of its dating businesses across the globe. As of March 31, 2017, the Company operated a portfolio of over 45 brands, including Match, Tinder, PlentyOfFish, Meetic, OkCupid, Pairs, Twoo, OurTime, BlackPeopleMeet and LoveScout24, each designed to manage its users’ likelihood of finding a romantic connection.
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