Brokerages Anticipate Match Group, Inc. (NASDAQ:MTCH) Will Announce Earnings of $0.69 Per Share

Equities research analysts expect that Match Group, Inc. (NASDAQ:MTCHGet Rating) will post earnings per share of $0.69 for the current fiscal quarter, according to Zacks. Eight analysts have provided estimates for Match Group’s earnings, with the highest EPS estimate coming in at $0.76 and the lowest estimate coming in at $0.58. Match Group posted earnings of $0.60 per share in the same quarter last year, which would indicate a positive year-over-year growth rate of 15%. The business is expected to issue its next quarterly earnings report on Monday, January 1st.

According to Zacks, analysts expect that Match Group will report full-year earnings of $2.99 per share for the current financial year, with EPS estimates ranging from $2.68 to $3.21. For the next financial year, analysts expect that the company will report earnings of $3.63 per share, with EPS estimates ranging from $3.18 to $4.20. Zacks Investment Research’s EPS averages are an average based on a survey of sell-side research analysts that follow Match Group.

Match Group (NASDAQ:MTCHGet Rating) last announced its earnings results on Tuesday, May 3rd. The technology company reported $0.60 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.57 by $0.03. Match Group had a net margin of 9.12% and a negative return on equity of 220.83%. The business had revenue of $798.63 million for the quarter, compared to analyst estimates of $795.03 million. During the same period last year, the firm posted $0.57 earnings per share. The company’s revenue for the quarter was up 19.6% compared to the same quarter last year.

A number of equities analysts recently weighed in on MTCH shares. Cowen lowered their price objective on shares of Match Group from $150.00 to $134.00 in a research report on Thursday, April 28th. Barclays lowered their price objective on shares of Match Group from $153.00 to $132.00 and set an “equal weight” rating on the stock in a research report on Thursday, February 3rd. Truist Financial lowered their price objective on shares of Match Group from $190.00 to $150.00 and set a “buy” rating on the stock in a research report on Thursday, February 3rd. Cowen decreased their target price on shares of Match Group from $150.00 to $134.00 in a research report on Thursday, April 28th. Finally, KeyCorp decreased their target price on shares of Match Group from $155.00 to $140.00 in a research report on Monday, May 2nd. Four analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the stock. According to data from MarketBeat, Match Group has an average rating of “Buy” and a consensus price target of $132.88.

NASDAQ:MTCH opened at $74.07 on Monday. The firm’s fifty day moving average price is $94.60 and its 200 day moving average price is $117.34. Match Group has a 1-year low of $69.28 and a 1-year high of $182.00. The firm has a market cap of $21.12 billion, a price-to-earnings ratio of 83.23, a price-to-earnings-growth ratio of 1.00 and a beta of 1.18.

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Los Angeles Capital Management LLC increased its stake in shares of Match Group by 23.2% during the 1st quarter. Los Angeles Capital Management LLC now owns 2,370 shares of the technology company’s stock valued at $258,000 after acquiring an additional 447 shares during the last quarter. Camden Capital LLC boosted its holdings in Match Group by 23.7% in the 1st quarter. Camden Capital LLC now owns 5,482 shares of the technology company’s stock worth $596,000 after acquiring an additional 1,049 shares during the period. State Board of Administration of Florida Retirement System boosted its holdings in Match Group by 1.4% in the 1st quarter. State Board of Administration of Florida Retirement System now owns 325,719 shares of the technology company’s stock worth $35,419,000 after acquiring an additional 4,400 shares during the period. AIA Group Ltd boosted its holdings in Match Group by 54.1% in the 1st quarter. AIA Group Ltd now owns 1,199 shares of the technology company’s stock worth $130,000 after acquiring an additional 421 shares during the period. Finally, CIBC Asset Management Inc boosted its holdings in Match Group by 3.3% in the 1st quarter. CIBC Asset Management Inc now owns 58,794 shares of the technology company’s stock worth $6,393,000 after acquiring an additional 1,899 shares during the period. 96.11% of the stock is owned by institutional investors.

About Match Group (Get Rating)

Match Group, Inc provides dating products worldwide. The company's portfolio of brands includes Tinder, Match, Meetic, OkCupid, Hinge, Pairs, PlentyOfFish, and OurTime, as well as a various other brands. The company was incorporated in 1986 and is based in Dallas, Texas.

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