$386.66 Million in Sales Expected for Match Group Inc (MTCH) This Quarter

Wall Street analysts expect Match Group Inc (NASDAQ:MTCH) to post sales of $386.66 million for the current quarter, Zacks Investment Research reports. Four analysts have issued estimates for Match Group’s earnings, with estimates ranging from $385.04 million to $388.20 million. Match Group posted sales of $298.76 million in the same quarter last year, which would suggest a positive year-over-year growth rate of 29.4%. The business is expected to report its next quarterly earnings results on Tuesday, May 1st.

According to Zacks, analysts expect that Match Group will report full year sales of $386.66 million for the current financial year, with estimates ranging from $1.56 billion to $1.61 billion. For the next year, analysts expect that the firm will report sales of $1.84 billion per share, with estimates ranging from $1.83 billion to $1.86 billion. Zacks’ sales averages are an average based on a survey of sell-side research firms that follow Match Group.

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Match Group (NASDAQ:MTCH) last issued its earnings results on Tuesday, February 6th. The technology company reported $0.18 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.32 by ($0.14). Match Group had a net margin of 26.31% and a return on equity of 31.33%. The company had revenue of $379.00 million during the quarter, compared to analyst estimates of $362.86 million. During the same quarter in the previous year, the company posted $0.29 EPS. The company’s quarterly revenue was up 28.5% on a year-over-year basis.

Several brokerages have recently issued reports on MTCH. Zacks Investment Research cut shares of Match Group from a “hold” rating to a “sell” rating in a report on Tuesday, February 6th. UBS cut shares of Match Group from a “buy” rating to a “neutral” rating and decreased their price target for the stock from $46.79 to $35.00 in a research note on Thursday, March 15th. Vetr cut shares of Match Group from a “strong-buy” rating to a “buy” rating and set a $35.61 price target for the company. in a research note on Monday, January 8th. Jefferies Group increased their price target on shares of Match Group to $50.00 and gave the stock a “buy” rating in a research note on Wednesday, March 7th. Finally, ValuEngine upgraded shares of Match Group from a “hold” rating to a “buy” rating in a research note on Thursday, March 1st. Ten research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average price target of $39.32.

Shares of Match Group stock traded down $0.66 during trading hours on Friday, hitting $42.11. The company had a trading volume of 1,145,321 shares, compared to its average volume of 1,891,968. Match Group has a twelve month low of $16.54 and a twelve month high of $47.10. The company has a current ratio of 1.40, a quick ratio of 1.40 and a debt-to-equity ratio of 2.50. The stock has a market cap of $11,552.04, a price-to-earnings ratio of 80.98, a PEG ratio of 3.25 and a beta of 0.29.

In other Match Group news, CAO Philip D. Eigenmann sold 7,081 shares of the company’s stock in a transaction on Thursday, March 1st. The shares were sold at an average price of $39.94, for a total transaction of $282,815.14. Following the completion of the transaction, the chief accounting officer now owns 12,500 shares in the company, valued at approximately $499,250. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Philip D. Eigenmann sold 10,816 shares of the company’s 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 transaction, the insider now owns 21,686 shares of the company’s stock, valued at approximately $904,739.92. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 721,437 shares of company stock valued at $28,580,747. 18.10% of the stock is owned by insiders.

A number of institutional investors have recently made changes to their positions in MTCH. Public Employees Retirement Association of Colorado raised its position in Match Group by 211.7% during the 4th quarter. Public Employees Retirement Association of Colorado now owns 3,584 shares of the technology company’s stock worth $112,000 after buying an additional 2,434 shares during the last quarter. Benjamin F. Edwards & Company Inc. raised its position in Match Group by 2,627.7% during the 4th quarter. Benjamin F. Edwards & Company Inc. now owns 3,737 shares of the technology company’s stock worth $117,000 after buying an additional 3,600 shares during the last quarter. The Manufacturers Life Insurance Company raised its position in Match Group by 7.4% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 7,525 shares of the technology company’s stock worth $131,000 after buying an additional 519 shares during the last quarter. Delpha Capital Management LLC purchased a new position in Match Group during the 4th quarter worth $138,000. Finally, Ladenburg Thalmann Financial Services Inc. raised its position in Match Group by 122.9% during the 4th quarter. Ladenburg Thalmann Financial Services Inc. now owns 4,462 shares of the technology company’s stock worth $140,000 after buying an additional 2,460 shares during the last quarter. Institutional investors own 21.85% of the company’s stock.

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

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