Wall Street analysts forecast that Meet Group Inc (NASDAQ:MEET) will announce $0.16 earnings per share for the current fiscal quarter, Zacks reports. Three analysts have made estimates for Meet Group’s earnings, with estimates ranging from $0.15 to $0.17. Meet Group reported earnings per share of $0.12 during the same quarter last year, which indicates a positive year-over-year growth rate of 33.3%. The business is scheduled to issue its next earnings report on Wednesday, March 4th.
According to Zacks, analysts expect that Meet Group will report full year earnings of $0.50 per share for the current financial year, with EPS estimates ranging from $0.48 to $0.51. For the next fiscal year, analysts anticipate that the business will post earnings of $0.61 per share, with EPS estimates ranging from $0.54 to $0.68. Zacks Investment Research’s earnings per share averages are an average based on a survey of sell-side research analysts that that provide coverage for Meet Group.
Several equities research analysts recently commented on MEET shares. Canaccord Genuity downgraded Meet Group from a “buy” rating to a “hold” rating in a report on Wednesday, November 6th. Northland Securities reissued a “buy” rating and issued a $6.00 target price on shares of Meet Group in a research report on Friday, November 8th. BidaskClub raised Meet Group from a “sell” rating to a “hold” rating in a research report on Tuesday, November 12th. Roth Capital initiated coverage on Meet Group in a research report on Thursday, November 14th. They issued a “buy” rating and a $6.50 target price on the stock. Finally, Aegis reissued a “buy” rating and issued a $6.50 target price on shares of Meet Group in a research report on Sunday, October 6th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and five have assigned a buy rating to the stock. Meet Group has a consensus rating of “Hold” and an average target price of $6.39.
NASDAQ MEET traded down $0.07 during trading hours on Thursday, hitting $4.88. The company’s stock had a trading volume of 687,600 shares, compared to its average volume of 1,337,905. Meet Group has a 12 month low of $3.05 and a 12 month high of $6.27. The company’s 50 day simple moving average is $4.41 and its two-hundred day simple moving average is $3.88. The company has a market cap of $360.70 million, a P/E ratio of 20.33, a price-to-earnings-growth ratio of 0.62 and a beta of 1.50. The company has a debt-to-equity ratio of 0.17, a current ratio of 1.64 and a quick ratio of 1.64.
Meet Group Company Profile
The Meet Group, Inc operates a portfolio of mobile social entertainment applications to meet the need for human connection worldwide. The company leverages a live-streaming video platform, empowering community to forge meaningful connections. The company's primary applications include, MeetMe, LOVOO, Skout, Tagged, and Growlr, which keeps mobile daily active users, entertained and engaged, and originate numbers of casual chats, friendships, dates, and marriages.
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