$362.52 Million in Sales Expected for Match Group, Inc. (MTCH) This Quarter

Equities analysts expect Match Group, Inc. (NASDAQ:MTCH) to post $362.52 million in sales for the current fiscal quarter, according to Zacks. Four analysts have provided estimates for Match Group’s earnings, with the highest sales estimate coming in at $363.09 million and the lowest estimate coming in at $361.90 million. Match Group reported sales of $319.68 million during the same quarter last year, which indicates a positive year-over-year growth rate of 13.4%. The firm is scheduled to announce its next earnings report on Tuesday, January 30th.

According to Zacks, analysts expect that Match Group will report full year sales of $362.52 million for the current year. For the next financial year, analysts expect that the firm will post sales of $1.54 billion per share, with estimates ranging from $1.51 billion to $1.58 billion. Zacks Investment Research’s sales calculations are an average based on a survey of sell-side research analysts that cover Match Group.

Match Group (NASDAQ:MTCH) last announced its quarterly earnings data on Tuesday, November 7th. The technology company reported $0.19 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.21 by ($0.02). Match Group had a return on equity of 31.18% and a net margin of 34.06%. The firm had revenue of $343.40 million for the quarter, compared to the consensus estimate of $329.19 million. During the same quarter last year, the business earned $0.23 earnings per share. The business’s revenue for the quarter was up 19.4% compared to the same quarter last year.

Several brokerages recently issued reports on MTCH. BidaskClub upgraded Match Group from a “buy” rating to a “strong-buy” rating in a research note on Monday, December 25th. Guggenheim raised Match Group from a “neutral” rating to a “buy” rating in a research report on Tuesday, December 19th. Evercore ISI began coverage on Match Group in a research report on Tuesday, December 5th. They issued an “outperform” rating and a $34.00 target price on the stock. Deutsche Bank reaffirmed a “buy” rating and issued a $33.00 target price on shares of Match Group in a research report on Wednesday, November 15th. Finally, Aegis increased their target price on Match Group from $29.00 to $32.00 and gave the stock a “buy” rating in a research report on Monday, November 13th. Six research analysts have rated the stock with a hold rating, twelve have given a buy rating and one has assigned a strong buy rating to the company. Match Group currently has a consensus rating of “Buy” and an average price target of $31.09.

In related news, Director Ann Mcdaniel sold 11,119 shares of the firm’s stock in a transaction dated Monday, November 27th. The stock was sold at an average price of $30.62, for a total transaction of $340,463.78. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 18.10% of the company’s stock.

Large investors have recently added to or reduced their stakes in the stock. Cubist Systematic Strategies LLC boosted its position in shares of Match Group by 499.8% in the 2nd quarter. Cubist Systematic Strategies LLC now owns 6,400 shares of the technology company’s stock valued at $111,000 after purchasing an additional 5,333 shares during the period. The Manufacturers Life Insurance Company boosted its position in shares of Match Group by 7.4% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 7,525 shares of the technology company’s stock valued at $131,000 after purchasing an additional 519 shares during the period. Turner Investments LLC acquired a new position in shares of Match Group in the 3rd quarter valued at $162,000. BNP Paribas Arbitrage SA boosted its position in shares of Match Group by 162.9% in the 3rd quarter. BNP Paribas Arbitrage SA now owns 7,035 shares of the technology company’s stock valued at $163,000 after purchasing an additional 4,359 shares during the period. Finally, Envestnet Asset Management Inc. boosted its position in shares of Match Group by 40.7% in the 3rd quarter. Envestnet Asset Management Inc. now owns 7,354 shares of the technology company’s stock valued at $172,000 after purchasing an additional 2,129 shares during the period. Institutional investors and hedge funds own 20.97% of the company’s stock.

Match Group (MTCH) opened at $31.80 on Friday. Match Group has a one year low of $15.42 and a one year high of $33.08. The stock has a market capitalization of $8,690.00 and a price-to-earnings ratio of 21.20. The company has a debt-to-equity ratio of 2.40, a quick ratio of 0.92 and a current ratio of 0.92.

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Match Group Company Profile

Match Group, Inc, incorporated on February 13, 2009, is a provider of dating products. The Company operates in the Dating segment. The Dating segment consists of all of its dating businesses across the globe. As of March 31, 2017, the Company operated a portfolio of over 45 brands, including Match, Tinder, PlentyOfFish, Meetic, OkCupid, Pairs, Twoo, OurTime, BlackPeopleMeet and LoveScout24, each designed to manage its users’ likelihood of finding a romantic connection.

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