Zacks: Brokerages Expect LendingTree, Inc. (NASDAQ:TREE) Will Announce Earnings of $0.10 Per Share

Equities analysts expect LendingTree, Inc. (NASDAQ:TREEGet Rating) to report earnings per share of $0.10 for the current fiscal quarter, Zacks Investment Research reports. Four analysts have provided estimates for LendingTree’s earnings, with estimates ranging from $0.03 to $0.23. LendingTree posted earnings per share of $0.18 during the same quarter last year, which would indicate a negative year-over-year growth rate of 44.4%. The company is scheduled to report its next quarterly earnings results before the market opens on Monday, January 1st.

On average, analysts expect that LendingTree will report full-year earnings of $3.80 per share for the current fiscal year, with EPS estimates ranging from $3.16 to $4.61. For the next fiscal year, analysts anticipate that the firm will post earnings of $5.96 per share, with EPS estimates ranging from $5.75 to $6.31. Zacks’ earnings per share averages are a mean average based on a survey of sell-side research analysts that follow LendingTree.

LendingTree (NASDAQ:TREEGet Rating) last posted its quarterly earnings results on Friday, February 25th. The financial services provider reported ($1.23) earnings per share (EPS) for the quarter, missing the consensus estimate of ($1.16) by ($0.07). LendingTree had a negative return on equity of 2.22% and a net margin of 6.29%. The company had revenue of $258.30 million during the quarter, compared to analyst estimates of $258.25 million. During the same quarter in the prior year, the business earned ($0.73) earnings per share. The business’s revenue for the quarter was up 16.2% on a year-over-year basis.

TREE has been the topic of several research reports. StockNews.com initiated coverage on shares of LendingTree in a research note on Thursday, March 31st. They issued a “hold” rating on the stock. Susquehanna Bancshares reduced their price target on shares of LendingTree from $310.00 to $265.00 in a research report on Thursday, February 3rd. Truist Financial decreased their price objective on LendingTree from $275.00 to $250.00 in a report on Wednesday, January 26th. Oppenheimer reaffirmed an “outperform” rating and set a $190.00 target price on shares of LendingTree in a report on Monday, March 28th. Finally, Keefe, Bruyette & Woods started coverage on LendingTree in a research report on Monday, February 14th. They issued a “market perform” rating and a $139.00 target price for the company. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and five have issued a buy rating to the company’s stock. According to MarketBeat.com, LendingTree has an average rating of “Buy” and an average price target of $198.00.

Several institutional investors have recently added to or reduced their stakes in TREE. Signaturefd LLC increased its position in LendingTree by 4,176.9% during the 1st quarter. Signaturefd LLC now owns 556 shares of the financial services provider’s stock worth $67,000 after purchasing an additional 543 shares in the last quarter. AGF Investments Inc. boosted its stake in shares of LendingTree by 23.7% during the 3rd quarter. AGF Investments Inc. now owns 1,200 shares of the financial services provider’s stock valued at $168,000 after buying an additional 230 shares during the last quarter. Point72 Hong Kong Ltd lifted its stake in LendingTree by 39.5% during the third quarter. Point72 Hong Kong Ltd now owns 1,355 shares of the financial services provider’s stock worth $189,000 after purchasing an additional 384 shares during the last quarter. Inspire Investing LLC bought a new position in LendingTree during the third quarter worth $212,000. Finally, AlphaCrest Capital Management LLC acquired a new stake in LendingTree in the third quarter worth $237,000. Institutional investors and hedge funds own 86.31% of the company’s stock.

Shares of NASDAQ TREE opened at $83.25 on Tuesday. The company has a debt-to-equity ratio of 1.07, a quick ratio of 1.36 and a current ratio of 1.36. LendingTree has a 52-week low of $78.00 and a 52-week high of $228.81. The firm has a 50 day moving average price of $106.91 and a 200 day moving average price of $120.85. The stock has a market cap of $1.08 billion, a P/E ratio of 16.58 and a beta of 1.60.

LendingTree Company Profile (Get Rating)

LendingTree, Inc, through its subsidiary, LT Intermediate Company, LLC, operates online consumer platform in the United States. It operates through three segments: Home, Consumer, and Insurance. The Home segment offers purchase mortgage, refinance mortgage, reverse mortgage, and home equity loans; lines of credit; and real estate brokerage services.

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Earnings History and Estimates for LendingTree (NASDAQ:TREE)

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