Match Group (MTCH) Scheduled to Post Earnings on Tuesday

Match Group (NASDAQ:MTCH) is set to post its quarterly earnings results after the market closes on Tuesday, May 7th. Analysts expect Match Group to post earnings of $0.41 per share for the quarter. Individual interested in listening to the company’s earnings conference call can do so using this link.

Match Group (NASDAQ:MTCH) last announced its earnings results on Tuesday, January 30th. The technology company reported $0.81 earnings per share for the quarter, beating the consensus estimate of $0.49 by $0.32. The company had revenue of $866.00 million during the quarter, compared to the consensus estimate of $861.31 million. Match Group had a net margin of 19.36% and a negative return on equity of 313.95%. Match Group’s revenue was up 10.2% compared to the same quarter last year. During the same period last year, the firm earned $0.30 earnings per share. On average, analysts expect Match Group to post $2 EPS for the current fiscal year and $3 EPS for the next fiscal year.

Match Group Trading Down 1.1 %

Shares of MTCH stock opened at $31.53 on Tuesday. The business’s fifty day simple moving average is $34.37 and its 200-day simple moving average is $34.53. Match Group has a 12-month low of $27.85 and a 12-month high of $49.24. The company has a market cap of $8.45 billion, a PE ratio of 13.83, a PEG ratio of 0.51 and a beta of 1.41.

Analyst Ratings Changes

A number of equities analysts recently issued reports on the company. StockNews.com lowered Match Group from a “buy” rating to a “hold” rating in a research note on Thursday, April 4th. Citigroup upped their target price on Match Group from $32.00 to $39.00 and gave the company a “neutral” rating in a research report on Thursday, February 1st. KeyCorp raised their price target on shares of Match Group from $48.00 to $50.00 and gave the stock an “overweight” rating in a research report on Thursday, February 1st. JPMorgan Chase & Co. dropped their price objective on shares of Match Group from $60.00 to $55.00 and set an “overweight” rating on the stock in a report on Thursday, February 1st. Finally, Piper Sandler reissued an “overweight” rating and set a $45.00 target price on shares of Match Group in a report on Wednesday, March 27th. Nine equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $43.07.

About Match Group

Match Group, Inc engages in the provision of dating products. Its portfolio of brands includes Tinder, Hinge, Match, Meetic, OkCupid, Pairs, Plenty Of Fish, Azar, BLK, and Hakuna, as well as a various other brands, each built to increase users' likelihood of connecting with others. Its services are available in over 40 languages to users worldwide.