Equities research analysts predict that Lendingtree Inc (NASDAQ:TREE) will announce earnings of $0.70 per share for the current fiscal quarter, Zacks Investment Research reports. Four analysts have provided estimates for Lendingtree’s earnings. The lowest EPS estimate is $0.69 and the highest is $0.73. Lendingtree reported earnings per share of $0.56 in the same quarter last year, which suggests a positive year-over-year growth rate of 25%. The business is expected to announce its next quarterly earnings report on Wednesday, May 3rd.
On average, analysts expect that Lendingtree will report full year earnings of $3.12 per share for the current year, with EPS estimates ranging from $2.89 to $3.31. For the next financial year, analysts anticipate that the firm will post earnings of $4.04 per share. Zacks’ earnings per share averages are a mean average based on a survey of sell-side research firms that that provide coverage for Lendingtree.
Lendingtree (NASDAQ:TREE) last posted its quarterly earnings data on Thursday, February 23rd. The company reported $0.87 EPS for the quarter, beating analysts’ consensus estimates of $0.78 by $0.09. The company had revenue of $100.80 million for the quarter, compared to analyst estimates of $97.13 million. Lendingtree had a net margin of 14.43% and a return on equity of 26.82%. Lendingtree’s quarterly revenue was up 28.7% on a year-over-year basis. During the same period in the previous year, the business posted $2.69 earnings per share.
Several research analysts have recently weighed in on the stock. Zacks Investment Research downgraded shares of Lendingtree from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, February 8th. Royal Bank of Canada restated a “buy” rating and issued a $120.00 target price on shares of Lendingtree in a research note on Thursday, December 15th. Mizuho restated a “buy” rating and issued a $135.00 target price on shares of Lendingtree in a research note on Tuesday, March 28th. Needham & Company LLC restated a “buy” rating and issued a $140.00 target price on shares of Lendingtree in a research note on Wednesday, December 14th. Finally, Oppenheimer Holdings Inc. restated an “outperform” rating and issued a $140.00 target price (up from $129.00) on shares of Lendingtree in a research note on Monday, February 27th. One research analyst has rated the stock with a sell rating, one has issued a hold rating and eleven have given a buy rating to the stock. The stock has an average rating of “Buy” and a consensus price target of $129.62.
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Lendingtree (NASDAQ:TREE) traded down 3.11% on Monday, reaching $116.80. 105,549 shares of the company’s stock were exchanged. Lendingtree has a 1-year low of $64.07 and a 1-year high of $130.20. The firm has a market capitalization of $1.38 billion, a price-to-earnings ratio of 54.35 and a beta of 1.49. The stock’s 50 day moving average price is $120.22 and its 200 day moving average price is $105.17.
In other Lendingtree news, CEO Douglas R. Lebda sold 4,000 shares of the stock in a transaction on Wednesday, January 18th. The shares were sold at an average price of $105.50, for a total transaction of $422,000.00. Following the sale, the chief executive officer now directly owns 692,896 shares of the company’s stock, valued at $73,100,528. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Gabriel Dalporto sold 31,250 shares of the stock in a transaction on Tuesday, February 7th. The stock was sold at an average price of $113.56, for a total transaction of $3,548,750.00. Following the sale, the chief financial officer now directly owns 13,692 shares in the company, valued at $1,554,863.52. The disclosure for this sale can be found here. Insiders have sold 102,494 shares of company stock worth $11,915,126 over the last three months. 22.00% of the stock is owned by corporate insiders.
Several hedge funds have recently modified their holdings of the company. Russell Investments Group Ltd. acquired a new stake in shares of Lendingtree during the fourth quarter worth $10,179,000. Cortina Asset Management LLC boosted its stake in shares of Lendingtree by 20.6% in the fourth quarter. Cortina Asset Management LLC now owns 104,304 shares of the company’s stock worth $10,571,000 after buying an additional 17,824 shares during the period. Allianz Asset Management AG boosted its stake in shares of Lendingtree by 16.8% in the fourth quarter. Allianz Asset Management AG now owns 288,146 shares of the company’s stock worth $29,204,000 after buying an additional 41,512 shares during the period. Comerica Bank boosted its stake in shares of Lendingtree by 5.3% in the fourth quarter. Comerica Bank now owns 7,609 shares of the company’s stock worth $796,000 after buying an additional 385 shares during the period. Finally, Jackson Square Partners LLC boosted its stake in shares of Lendingtree by 9.0% in the third quarter. Jackson Square Partners LLC now owns 360,299 shares of the company’s stock worth $34,916,000 after buying an additional 29,629 shares during the period. 79.66% of the stock is currently owned by institutional investors.
LendingTree, Inc (LendingTree) is engaged in operating an online loan marketplace for consumers seeking loans and other credit-based offerings. The Company’s online marketplace provides consumers with access to product offerings from various lenders, which it refers to as Network Lenders, including mortgage loans, home equity loans and lines of credit, reverse mortgage loans, auto loans, credit cards, personal loans, student loans, small business loans and other related offerings.
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