LendingTree, Inc. (NASDAQ:TREE) Expected to Post Quarterly Sales of $287.78 Million

Analysts expect LendingTree, Inc. (NASDAQ:TREE – Get Rating) to announce sales of $287.78 million for the current fiscal quarter, according to Zacks Investment Research. Four analysts have made estimates for LendingTree’s earnings, with the lowest sales estimate coming in at $285.62 million and the highest estimate coming in at $290.56 million. LendingTree posted sales of $270.01 million in the same quarter last year, which suggests a positive year over year growth rate of 6.6%. The business is scheduled to issue its next quarterly earnings report on Monday, January 1st.

On average, analysts expect that LendingTree will report full year sales of $1.17 billion for the current financial year, with estimates ranging from $1.16 billion to $1.20 billion. For the next year, analysts forecast that the firm will post sales of $1.31 billion, with estimates ranging from $1.30 billion to $1.33 billion. Zacks’ sales averages are a mean average based on a survey of sell-side research analysts that that provide coverage for LendingTree.

LendingTree (NASDAQ:TREE – Get Rating) last announced its quarterly earnings data on Thursday, May 5th. The financial services provider reported ($0.62) earnings per share for the quarter, beating the consensus estimate of ($1.02) by $0.40. LendingTree had a negative return on equity of 4.84% and a net margin of 3.54%. The firm had revenue of $283.18 million during the quarter, compared to the consensus estimate of $283.65 million. During the same quarter in the previous year, the company posted $0.18 earnings per share. The business’s revenue was up 3.8% on a year-over-year basis.

TREE has been the subject of a number of recent analyst reports. Needham & Company LLC decreased their target price on LendingTree from $175.00 to $145.00 and set a “buy” rating for the company in a report on Monday, February 28th. StockNews.com initiated coverage on LendingTree in a report on Thursday, March 31st. They set a “hold” rating for the company. Truist Financial decreased their target price on LendingTree from $240.00 to $185.00 in a report on Friday, May 6th. Oppenheimer restated an “outperform” rating and set a $190.00 target price on shares of LendingTree in a report on Monday, March 28th. Finally, Susquehanna decreased their target price on LendingTree from $180.00 to $160.00 in a report on Friday, May 6th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and four have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, LendingTree has an average rating of “Hold” and a consensus target price of $161.89.

In related news, Director Mark A. Ernst bought 10,000 shares of the business’s stock in a transaction dated Monday, May 9th. The shares were purchased at an average cost of $65.67 per share, with a total value of $656,700.00. Following the completion of the purchase, the director now owns 10,000 shares in the company, valued at approximately $656,700. The purchase was disclosed in a filing with the SEC, which is accessible through the SEC website. 16.70% of the stock is owned by corporate insiders.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Signaturefd LLC grew its stake in shares of LendingTree by 4,176.9% in the first quarter. Signaturefd LLC now owns 556 shares of the financial services provider’s stock worth $67,000 after acquiring an additional 543 shares during the last quarter. Acadian Asset Management LLC purchased a new stake in shares of LendingTree in the first quarter worth $99,000. Point72 Hong Kong Ltd grew its stake in shares of LendingTree by 39.5% in the third quarter. Point72 Hong Kong Ltd now owns 1,355 shares of the financial services provider’s stock worth $189,000 after acquiring an additional 384 shares during the last quarter. Wolverine Asset Management LLC purchased a new stake in shares of LendingTree in the first quarter worth $203,000. Finally, AlphaCrest Capital Management LLC grew its stake in shares of LendingTree by 8.5% in the fourth quarter. AlphaCrest Capital Management LLC now owns 1,839 shares of the financial services provider’s stock worth $225,000 after acquiring an additional 144 shares during the last quarter. 86.31% of the stock is currently owned by hedge funds and other institutional investors.

Shares of TREE stock opened at $56.17 on Thursday. The company has a debt-to-equity ratio of 1.66, a quick ratio of 1.18 and a current ratio of 1.18. LendingTree has a fifty-two week low of $54.42 and a fifty-two week high of $228.81. The stock has a 50 day moving average price of $93.68 and a two-hundred day moving average price of $111.28. The company has a market capitalization of $717.07 million, a P/E ratio of 19.85 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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