LendingTree, Inc. (NASDAQ:TREE) Expected to Announce Quarterly Sales of $285.41 Million

Equities analysts predict that LendingTree, Inc. (NASDAQ:TREEGet Rating) will post sales of $285.41 million for the current quarter, according to Zacks. Four analysts have issued estimates for LendingTree’s earnings, with the highest sales estimate coming in at $286.88 million and the lowest estimate coming in at $284.76 million. LendingTree posted sales of $272.75 million during the same quarter last year, which would indicate a positive year over year growth rate of 4.6%. The business 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 sales of $1.22 billion for the current financial year, with estimates ranging from $1.21 billion to $1.24 billion. For the next fiscal year, analysts expect that the business will report sales of $1.39 billion, with estimates ranging from $1.36 billion to $1.40 billion. Zacks’ sales calculations are an average based on a survey of sell-side research analysts that cover LendingTree.

LendingTree (NASDAQ:TREEGet Rating) last released its 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 for the quarter, compared to the consensus estimate of $258.25 million. During the same quarter in the previous year, the company posted ($0.73) EPS. The business’s revenue was up 16.2% on a year-over-year basis.

A number of equities analysts have weighed in on TREE shares. Oppenheimer reissued an “outperform” rating and set a $190.00 price target on shares of LendingTree in a research report on Monday, March 28th. StockNews.com started coverage on LendingTree in a research report on Thursday, March 31st. They set a “hold” rating on the stock. Keefe, Bruyette & Woods started coverage on LendingTree in a research report on Monday, February 14th. They set a “market perform” rating and a $139.00 price target on the stock. Truist Financial lowered their price target on LendingTree from $275.00 to $250.00 in a research report on Wednesday, January 26th. Finally, Susquehanna Bancshares lowered their price target on LendingTree from $310.00 to $265.00 in a research report on Thursday, February 3rd. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and five have assigned a buy rating to the company’s stock. According to MarketBeat.com, LendingTree currently has an average rating of “Buy” and an average target price of $198.00.

TREE opened at $76.96 on Thursday. The business’s 50-day simple moving average is $106.07 and its 200 day simple moving average is $120.25. The firm has a market capitalization of $997.94 million, a PE ratio of 15.33 and a beta of 1.60. 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 $71.86 and a 52-week high of $228.81.

Large investors have recently modified their holdings of the stock. Dark Forest Capital Management LP acquired a new stake in LendingTree during the third quarter worth approximately $1,060,000. Credit Suisse AG grew its position in LendingTree by 19.8% during the third quarter. Credit Suisse AG now owns 12,813 shares of the financial services provider’s stock worth $1,792,000 after buying an additional 2,115 shares in the last quarter. Twinbeech Capital LP acquired a new stake in LendingTree during the third quarter worth approximately $1,456,000. Teachers Retirement System of The State of Kentucky grew its position in LendingTree by 208.4% during the fourth quarter. Teachers Retirement System of The State of Kentucky now owns 3,300 shares of the financial services provider’s stock worth $405,000 after buying an additional 2,230 shares in the last quarter. Finally, Bristlecone Advisors LLC acquired a new stake in LendingTree during the fourth quarter worth approximately $473,000. 86.31% of the stock is currently owned by institutional investors and hedge funds.

About LendingTree (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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