Zacks: Analysts Expect LendingTree, Inc. (NASDAQ:TREE) Will Post Earnings of $0.69 Per Share

Equities research analysts expect LendingTree, Inc. (NASDAQ:TREE) to report $0.69 earnings per share (EPS) for the current quarter, Zacks reports. Five analysts have made estimates for LendingTree’s earnings. The lowest EPS estimate is $0.50 and the highest is $0.98. LendingTree posted earnings per share of ($0.26) during the same quarter last year, which would suggest a positive year over year growth rate of 365.4%. The company is expected to issue its next earnings results before the market opens on Thursday, October 28th.

According to Zacks, analysts expect that LendingTree will report full-year earnings of $2.33 per share for the current year, with EPS estimates ranging from $1.76 to $3.14. For the next year, analysts forecast that the company will report earnings of $4.56 per share, with EPS estimates ranging from $3.27 to $6.29. Zacks’ EPS calculations are a mean average based on a survey of sell-side research analysts that cover LendingTree.

LendingTree (NASDAQ:TREE) last issued its quarterly earnings results on Thursday, July 29th. The financial services provider reported $0.76 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.89) by $1.65. LendingTree had a negative return on equity of 3.64% and a negative net margin of 0.74%. The firm had revenue of $270.01 million during the quarter, compared to analysts’ expectations of $271.01 million.

A number of equities analysts have weighed in on TREE shares. Stephens lowered their price objective on LendingTree from $365.00 to $265.00 and set an “overweight” rating on the stock in a research note on Thursday, September 23rd. Oppenheimer decreased their price target on LendingTree from $325.00 to $275.00 and set an “outperform” rating on the stock in a research note on Friday, July 16th. Seven analysts have rated the stock with a buy rating, According to data from MarketBeat, LendingTree presently has an average rating of “Buy” and an average target price of $312.50.

Shares of TREE traded up $2.54 during trading hours on Thursday, hitting $150.86. 5,718 shares of the stock were exchanged, compared to its average volume of 282,550. The stock’s 50-day moving average price is $158.42 and its two-hundred day moving average price is $189.75. The company has a market cap of $2.01 billion, a price-to-earnings ratio of -218.64 and a beta of 1.48. The company has a debt-to-equity ratio of 1.11, a quick ratio of 1.23 and a current ratio of 1.23. LendingTree has a 12-month low of $130.02 and a 12-month high of $372.64.

In other LendingTree news, insider Neil Salvage sold 2,000 shares of the company’s stock in a transaction dated Monday, August 9th. The stock was sold at an average price of $185.47, for a total transaction of $370,940.00. Following the sale, the insider now owns 3,475 shares in the company, valued at approximately $644,508.25. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Robin Henderson sold 735 shares of the company’s stock in a transaction dated Friday, August 27th. The stock was sold at an average price of $170.00, for a total value of $124,950.00. Following the sale, the director now owns 469 shares in the company, valued at approximately $79,730. The disclosure for this sale can be found here. 16.70% of the stock is currently owned by corporate insiders.

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Foundations Investment Advisors LLC increased its holdings in shares of LendingTree by 113.3% in the 3rd quarter. Foundations Investment Advisors LLC now owns 2,195 shares of the financial services provider’s stock valued at $293,000 after acquiring an additional 1,166 shares during the last quarter. State of Alaska Department of Revenue increased its holdings in shares of LendingTree by 5.7% in the 3rd quarter. State of Alaska Department of Revenue now owns 1,802 shares of the financial services provider’s stock valued at $251,000 after acquiring an additional 97 shares during the last quarter. Parametric Portfolio Associates LLC increased its holdings in shares of LendingTree by 29.7% in the 2nd quarter. Parametric Portfolio Associates LLC now owns 24,682 shares of the financial services provider’s stock valued at $5,230,000 after acquiring an additional 5,654 shares during the last quarter. Marshall Wace LLP increased its holdings in shares of LendingTree by 1,008.6% in the 2nd quarter. Marshall Wace LLP now owns 53,799 shares of the financial services provider’s stock valued at $11,399,000 after acquiring an additional 48,946 shares during the last quarter. Finally, Marshall Wace North America L.P. boosted its position in shares of LendingTree by 1,221.3% in the 2nd quarter. Marshall Wace North America L.P. now owns 15,314 shares of the financial services provider’s stock valued at $3,245,000 after purchasing an additional 14,155 shares during the period. Institutional investors and hedge funds own 94.29% of the company’s stock.

About LendingTree

LendingTree, Inc engages in the operation of online loan marketplace for consumers seeking loans and other credit-based offerings. It operates through the following segments: Home, Consumer and Insurance. The Home segment consists of purchase mortgage, refinance mortgage, home equity loans and lines of credit and reverse mortgage loans and real estate.

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