Equities research analysts predict that Match Group Inc (NASDAQ:MTCH) will post sales of $386.14 million for the current fiscal quarter, Zacks Investment Research reports. Four analysts have made estimates for Match Group’s earnings, with the lowest sales estimate coming in at $385.04 million and the highest estimate coming in at $387.41 million. Match Group reported sales of $298.76 million in the same quarter last year, which indicates a positive year over year growth rate of 29.2%. The business is expected to announce its next earnings report on Tuesday, May 1st.
On average, analysts expect that Match Group will report full year sales of $386.14 million for the current year, with estimates ranging from $1.56 billion to $1.60 billion. For the next fiscal year, analysts anticipate that the business will post sales of $1.83 billion per share, with estimates ranging from $1.83 billion to $1.84 billion. Zacks Investment Research’s sales calculations are an average based on a survey of research firms that follow Match Group.
Match Group (NASDAQ:MTCH) last posted its earnings results on Tuesday, February 6th. The technology company reported $0.18 earnings per share for the quarter, missing analysts’ consensus estimates of $0.32 by ($0.14). Match Group had a net margin of 26.31% and a return on equity of 30.34%. The business had revenue of $379.00 million during the quarter, compared to analysts’ expectations of $362.86 million. During the same period last year, the business posted $0.29 earnings per share. The company’s revenue for the quarter was up 28.5% compared to the same quarter last year.
Match Group (NASDAQ:MTCH) traded down $0.02 during mid-day trading on Monday, hitting $40.05. 1,690,500 shares of the company were exchanged, compared to its average volume of 2,006,164. Match Group has a 1 year low of $15.42 and a 1 year high of $43.52. The company has a debt-to-equity ratio of 2.40, a quick ratio of 0.92 and a current ratio of 0.92. The stock has a market capitalization of $10,945.00, a price-to-earnings ratio of 33.15, a PEG ratio of 2.75 and a beta of 0.91.
In other news, insider Philip D. Eigenmann sold 10,816 shares of Match Group stock in a transaction on Friday, February 16th. The stock was sold at an average price of $41.72, for a total transaction of $451,243.52. Following the completion of the sale, the insider now directly owns 21,686 shares in the company, valued at $904,739.92. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, General Counsel Jared F. Sine sold 9,953 shares of Match Group stock in a transaction on Monday, February 12th. The stock was sold at an average price of $38.19, for a total value of $380,105.07. Following the sale, the general counsel now owns 25,000 shares of the company’s stock, valued at $954,750. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 252,007 shares of company stock valued at $9,935,896. Corporate insiders own 18.10% of the company’s stock.
Several large investors have recently added to or reduced their stakes in the company. Cambridge Investment Research Advisors Inc. bought a new stake in shares of Match Group during the fourth quarter worth $313,000. J. Goldman & Co LP increased its stake in shares of Match Group by 79.5% during the fourth quarter. J. Goldman & Co LP now owns 60,896 shares of the technology company’s stock valued at $1,907,000 after buying an additional 26,964 shares during the period. Sterling Capital Management LLC purchased a new position in shares of Match Group during the fourth quarter valued at $1,725,000. Macquarie Group Ltd. increased its stake in shares of Match Group by 356.0% during the fourth quarter. Macquarie Group Ltd. now owns 1,580,750 shares of the technology company’s stock valued at $49,494,000 after buying an additional 1,234,092 shares during the period. Finally, LPL Financial LLC increased its stake in shares of Match Group by 18.0% during the fourth quarter. LPL Financial LLC now owns 27,113 shares of the technology company’s stock valued at $849,000 after buying an additional 4,133 shares during the period. Institutional investors and hedge funds own 21.35% of the company’s stock.
WARNING: This story was originally posted by Ticker Report and is the property of of Ticker Report. If you are viewing this story on another domain, it was illegally stolen and republished in violation of United States and international trademark & copyright law. The correct version of this story can be viewed at https://www.tickerreport.com/banking-finance/3231259/386-14-million-in-sales-expected-for-match-group-inc-mtch-this-quarter.html.
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.
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for Match Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Match Group and related companies with MarketBeat.com's FREE daily email newsletter.