Lendingtree Inc (TREE) Expected to Announce Earnings of $1.78 Per Share

Equities analysts predict that Lendingtree Inc (NASDAQ:TREE) will report $1.78 earnings per share for the current quarter, according to Zacks Investment Research. Five analysts have made estimates for Lendingtree’s earnings, with the lowest EPS estimate coming in at $1.61 and the highest estimate coming in at $1.93. Lendingtree reported earnings per share of $1.17 during the same quarter last year, which suggests a positive year-over-year growth rate of 52.1%. The business is scheduled to announce its next earnings results on Thursday, October 25th.

On average, analysts expect that Lendingtree will report full-year earnings of $5.70 per share for the current fiscal year, with EPS estimates ranging from $5.36 to $6.05. For the next year, analysts forecast that the firm will report earnings of $7.24 per share, with EPS estimates ranging from $6.04 to $8.72. Zacks Investment Research’s earnings per share calculations are an average based on a survey of research firms that cover Lendingtree.

Lendingtree (NASDAQ:TREE) last posted its earnings results on Thursday, July 26th. The financial services provider reported $1.47 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.78 by $0.69. Lendingtree had a return on equity of 12.09% and a net margin of 10.82%. The firm had revenue of $184.10 million during the quarter, compared to analysts’ expectations of $194.88 million. During the same period in the previous year, the firm earned $0.90 earnings per share. The company’s revenue was up 20.5% on a year-over-year basis.

TREE has been the subject of a number of research analyst reports. Compass Point cut Lendingtree from a “buy” rating to a “neutral” rating and decreased their target price for the company from $350.00 to $275.00 in a research note on Tuesday, June 26th. Northland Securities cut Lendingtree from an “outperform” rating to a “market perform” rating in a research note on Friday, July 27th. ValuEngine cut Lendingtree from a “hold” rating to a “sell” rating in a research note on Wednesday. BidaskClub cut Lendingtree from a “hold” rating to a “sell” rating in a research note on Thursday, August 9th. Finally, Royal Bank of Canada reissued a “buy” rating on shares of Lendingtree in a research note on Friday, July 27th. Two research analysts have rated the stock with a sell rating, eight have issued a hold rating and nine have given a buy rating to the company. Lendingtree has an average rating of “Hold” and an average price target of $328.18.

In other news, Director Gci Liberty, Inc. acquired 220,000 shares of Lendingtree stock in a transaction dated Friday, July 6th. The stock was bought at an average cost of $213.99 per share, with a total value of $47,077,800.00. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Peter Horan sold 1,000 shares of the company’s stock in a transaction dated Tuesday, August 7th. The stock was sold at an average price of $244.51, for a total value of $244,510.00. Following the transaction, the director now directly owns 24,015 shares of the company’s stock, valued at $5,871,907.65. The disclosure for this sale can be found here. Insiders have sold 133,752 shares of company stock valued at $31,040,335 over the last ninety days. 20.50% of the stock is owned by insiders.

Several hedge funds have recently bought and sold shares of the company. Retirement Systems of Alabama boosted its position in Lendingtree by 2.1% during the second quarter. Retirement Systems of Alabama now owns 10,190 shares of the financial services provider’s stock valued at $2,179,000 after purchasing an additional 214 shares during the last quarter. Legal & General Group Plc boosted its position in Lendingtree by 3.5% during the second quarter. Legal & General Group Plc now owns 7,507 shares of the financial services provider’s stock valued at $1,605,000 after purchasing an additional 254 shares during the last quarter. Arizona State Retirement System boosted its position in Lendingtree by 5.1% during the second quarter. Arizona State Retirement System now owns 5,464 shares of the financial services provider’s stock valued at $1,168,000 after purchasing an additional 264 shares during the last quarter. Polen Capital Management LLC boosted its position in Lendingtree by 42.5% during the first quarter. Polen Capital Management LLC now owns 949 shares of the financial services provider’s stock valued at $311,000 after purchasing an additional 283 shares during the last quarter. Finally, Xact Kapitalforvaltning AB boosted its position in Lendingtree by 43.7% during the first quarter. Xact Kapitalforvaltning AB now owns 986 shares of the financial services provider’s stock valued at $324,000 after purchasing an additional 300 shares during the last quarter. 84.25% of the stock is owned by institutional investors.

NASDAQ:TREE opened at $231.30 on Friday. Lendingtree has a 1 year low of $205.45 and a 1 year high of $404.40. The company has a quick ratio of 3.59, a current ratio of 3.59 and a debt-to-equity ratio of 0.70. The stock has a market capitalization of $3.11 billion, a price-to-earnings ratio of 76.59, a price-to-earnings-growth ratio of 1.60 and a beta of 2.07.

About Lendingtree

LendingTree, Inc, through its subsidiary, LendingTree, LLC, operates an online loan marketplace for consumers seeking loans and other credit-based offerings in the United States. Its mortgage products comprise purchase and refinance products. The company also provides information, tools, and access to various conditional loan offers for non-mortgage products, including auto loans, credit cards, home equity loans, personal loans, reverse mortgages, small business loans, and student loans.

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