LendingTree (TREE) Scheduled to Post Earnings on Tuesday

LendingTree (NASDAQ:TREE) is scheduled to release its earnings data before the market opens on Tuesday, April 30th. Analysts expect LendingTree to post earnings of $0.46 per share for the quarter. LendingTree has set its FY 2024 guidance at EPS and its Q1 2024 guidance at EPS.Persons interested in listening to the company’s earnings conference call can do so using this link.

LendingTree (NASDAQ:TREE) last announced its quarterly earnings data on Tuesday, February 27th. The financial services provider reported $0.28 earnings per share for the quarter, topping analysts’ consensus estimates of $0.14 by $0.14. LendingTree had a negative net margin of 18.20% and a negative return on equity of 4.22%. The company had revenue of $134.40 million during the quarter, compared to analyst estimates of $135.55 million. During the same period in the previous year, the business earned ($0.53) EPS. On average, analysts expect LendingTree to post $0 EPS for the current fiscal year and $1 EPS for the next fiscal year.

LendingTree Price Performance

Shares of NASDAQ TREE opened at $37.90 on Friday. LendingTree has a twelve month low of $10.12 and a twelve month high of $44.51. The firm has a market cap of $494.22 million, a P/E ratio of -4.02 and a beta of 2.19. The company has a 50 day moving average of $38.36 and a 200 day moving average of $28.81. The company has a quick ratio of 2.60, a current ratio of 2.60 and a debt-to-equity ratio of 4.23.

Analyst Upgrades and Downgrades

TREE has been the subject of a number of research reports. JPMorgan Chase & Co. boosted their target price on shares of LendingTree from $25.00 to $38.00 and gave the company an “overweight” rating in a research note on Wednesday, February 28th. Oppenheimer boosted their target price on shares of LendingTree from $25.00 to $45.00 and gave the company an “outperform” rating in a research note on Monday, January 8th. StockNews.com lowered shares of LendingTree from a “buy” rating to a “hold” rating in a research note on Monday, March 25th. Susquehanna boosted their target price on shares of LendingTree from $15.00 to $27.00 and gave the company a “neutral” rating in a research note on Wednesday, February 28th. Finally, Truist Financial boosted their target price on shares of LendingTree from $24.00 to $37.00 and gave the company a “buy” rating in a research note on Wednesday, February 28th. Two research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $36.57.

About LendingTree

LendingTree, Inc, through its subsidiary, 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, and home equity loans and lines of credit; and real estate brokerage services.