Grindr (GRND) to Release Quarterly Earnings on Thursday

Grindr (NYSE:GRND) is scheduled to be issuing its quarterly earnings data after the market closes on Thursday, May 9th. Analysts expect the company to announce earnings of $0.03 per share for the quarter. Investors that are interested in participating in the company’s conference call can do so using this link.

Grindr (NYSE:GRND) last released its quarterly earnings results on Monday, March 11th. The company reported $0.04 earnings per share for the quarter. The firm had revenue of $72.09 million for the quarter. Grindr had a positive return on equity of 101.02% and a negative net margin of 21.48%. On average, analysts expect Grindr to post $0 EPS for the current fiscal year and $0 EPS for the next fiscal year.

Grindr Stock Up 1.1 %

GRND stock opened at $10.57 on Wednesday. The company’s 50 day moving average is $9.83 and its 200 day moving average is $8.46. The stock has a market cap of $1.85 billion, a price-to-earnings ratio of -33.03 and a beta of 0.30. The company has a current ratio of 1.18, a quick ratio of 1.18 and a debt-to-equity ratio of 13.21. Grindr has a 1-year low of $4.49 and a 1-year high of $11.13.

Wall Street Analyst Weigh In

A number of research firms recently commented on GRND. Raymond James began coverage on Grindr in a research note on Thursday, April 4th. They issued an “outperform” rating and a $14.00 target price on the stock. TD Cowen started coverage on Grindr in a research report on Thursday, March 28th. They set a “buy” rating and a $12.00 price objective on the stock. Finally, JMP Securities restated a “market outperform” rating and issued a $14.00 target price on shares of Grindr in a research report on Monday, April 22nd.

About Grindr

Grindr Inc operates social network and dating application for the lesbian, gay, bisexual, transgender, and queer (LGBTQ) communities worldwide. Its platform enables LGBTQ people to find and engage with each other, share content and experiences, and express themselves. The company offers ad-supported service and a premium subscription version.