Latest News

Match Group Inc (NASDAQ:MTCH) Expected to Post Quarterly Sales of $552.10 Million

Equities research analysts predict that Match Group Inc (NASDAQ:MTCH) will report sales of $552.10 million for the current quarter, Zacks reports. Four analysts have provided estimates for Match Group’s earnings, with the highest sales estimate coming in at $554.82 million and the lowest estimate coming in at $551.00 million. Match Group reported sales of $457.34 million during the same quarter last year, which indicates a positive year-over-year growth rate of 20.7%. The firm is expected to announce its next quarterly earnings report on Wednesday, February 5th.

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with MarketBeat.com's FREE daily email newsletter.

On average, analysts expect that Match Group will report full year sales of $2.06 billion for the current fiscal year. For the next year, analysts expect that the company will report sales of $2.43 billion, with estimates ranging from $2.37 billion to $2.47 billion. Zacks’ sales calculations are an average based on a survey of research firms that follow Match Group.

Match Group (NASDAQ:MTCH) last released its quarterly earnings data on Tuesday, November 5th. The technology company reported $0.51 earnings per share for the quarter, topping the consensus estimate of $0.42 by $0.09. The business had revenue of $541.50 million for the quarter, compared to analyst estimates of $540.73 million. Match Group had a net margin of 26.41% and a return on equity of 293.15%. Match Group’s quarterly revenue was up 22.0% compared to the same quarter last year. During the same quarter last year, the firm earned $0.44 EPS.

Several analysts have commented on the stock. Citigroup assumed coverage on shares of Match Group in a report on Tuesday, September 17th. They set a “buy” rating and a $95.00 target price on the stock. Macquarie restated an “outperform” rating and set a $92.00 target price (up from $74.00) on shares of Match Group in a report on Thursday, August 8th. BidaskClub downgraded shares of Match Group from a “hold” rating to a “sell” rating in a report on Wednesday, November 6th. Cowen set a $104.00 price objective on shares of Match Group and gave the company a “buy” rating in a report on Wednesday, August 7th. Finally, SunTrust Banks lowered their price objective on shares of Match Group to $96.00 and set a “buy” rating on the stock in a report on Thursday, November 7th. Two investment analysts have rated the stock with a sell rating, seven have issued a hold rating and twelve have issued a buy rating to the company. Match Group has an average rating of “Hold” and an average price target of $87.29.

Several hedge funds and other institutional investors have recently bought and sold shares of MTCH. Balasa Dinverno & Foltz LLC increased its holdings in Match Group by 15.5% during the third quarter. Balasa Dinverno & Foltz LLC now owns 11,368 shares of the technology company’s stock worth $812,000 after buying an additional 1,524 shares during the last quarter. Massachusetts Financial Services Co. MA increased its holdings in Match Group by 8.9% during the third quarter. Massachusetts Financial Services Co. MA now owns 407,684 shares of the technology company’s stock worth $29,124,000 after buying an additional 33,212 shares during the last quarter. Boston Advisors LLC increased its holdings in Match Group by 21.4% during the third quarter. Boston Advisors LLC now owns 7,230 shares of the technology company’s stock worth $517,000 after buying an additional 1,275 shares during the last quarter. SG Americas Securities LLC increased its holdings in Match Group by 316.0% during the third quarter. SG Americas Securities LLC now owns 26,296 shares of the technology company’s stock worth $1,879,000 after buying an additional 19,975 shares during the last quarter. Finally, First Trust Advisors LP increased its holdings in Match Group by 3.7% during the third quarter. First Trust Advisors LP now owns 928,539 shares of the technology company’s stock worth $66,335,000 after buying an additional 33,040 shares during the last quarter. Institutional investors own 23.21% of the company’s stock.

MTCH stock traded down $0.80 during mid-day trading on Wednesday, hitting $69.07. 86,303 shares of the company were exchanged, compared to its average volume of 2,469,625. The company has a debt-to-equity ratio of 7.04, a quick ratio of 1.35 and a current ratio of 1.35. The firm has a market cap of $19.69 billion, a P/E ratio of 52.02, a P/E/G ratio of 2.35 and a beta of 0.19. The firm’s 50 day simple moving average is $72.41 and its 200 day simple moving average is $74.14. Match Group has a 1-year low of $37.00 and a 1-year high of $95.32.

About Match Group

Match Group, Inc provides dating products worldwide. It operates a portfolio of brands, including Tinder, Match, PlentyOfFish, Meetic, OkCupid, OurTime, Pairs, and Hinge, as well as other brands. Match Group, Inc offers its dating products through its applications and Websites in approximately 40 languages.

See Also: Lock-Up Period Expiration

Get a free copy of the Zacks research report on Match Group (MTCH)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Earnings History and Estimates for Match Group (NASDAQ:MTCH)

Leave a Reply

Your email address will not be published. Required fields are marked *