Brokerages expect LendingTree, Inc. (NASDAQ: TREE) to report earnings of ($ 0.12) per share for the current quarter, Zack reports. Five analysts have made estimates for LendingTree’s revenue, with estimates ranging from ($ 0.36) to $ 0.12. LendingTree posted earnings of $ 0.13 per share in the same quarter last year, indicating a negative growth rate of 192.3% year-over-year. The company is expected to release its next quarterly results on Thursday, February 24.
On average, analysts expect LendingTree to report annual earnings of $ 1.67 per share for the current year, with EPS estimates ranging from $ 1.35 to $ 2.13. For next year, analysts predict the company will report earnings of $ 3.80 per share, with EPS estimates ranging from $ 2.71 to $ 5.04. Zacks Investment Research earnings per share averages are an average based on a survey of analysts who cover LendingTree.
LendingTree (NASDAQ: TREE) last released its quarterly results on Thursday, October 28. The financial services provider reported $ 0.75 of EPS for the quarter, exceeding the consensus estimate of ($ 0.56) by $ 1.31. LendingTree had a net margin of 1.22% and a negative return on equity of 0.62%. The company posted revenue of $ 297.40 million in the quarter, compared to a consensus estimate of $ 292.57 million. In the same quarter of the previous year, the company made EPS ($ 1.33). LendingTree’s revenue for the quarter increased 35.0% year-over-year.
A number of equity research analysts have weighed in on TREE stocks recently. Oppenheimer reduced its price target on LendingTree’s stock from $ 275.00 to $ 240.00 and set an “outperform” rating on the stock in a research note on Friday, October 29. Truist Securities lowered its price target on LendingTree’s stock from $ 320.00 to $ 275.00 and set a “buy” rating on the stock in a research note on Friday, October 29. Truist lowered its price target on LendingTree’s stock from $ 320.00 to $ 275.00 and set a “buy” rating on the stock in a research note on Friday, October 29. They noted that the move was an appraisal call. Finally, Stephens lowered his LendingTree stock price target from $ 365.00 to $ 265.00 and set an “overweight” rating on the stock in a research note on Thursday, September 23. Eight equity research analysts rated the stock with a buy rating. According to MarketBeat, LendingTree has a consensus rating of “Buy” and an average price target of $ 286.88.
TREE stock traded at $ 4.73 on Friday, rising to $ 127.73. The company’s shares had a trade volume of 239,764 shares, compared to its average volume of 298,844. LendingTree has a one-year low at $ 126.50 and a one-year high at 372.64 $. The company has a 50-day moving average of $ 146.70 and a two-hundred-day moving average of $ 175.90. The company has a current ratio of 1.32, a quick ratio of 1.32 and a debt ratio of 1.09. The stock has a market cap of $ 1.70 billion, a price-to-earnings ratio of 148.52 and a beta of 1.51.
In other news from LendingTree, an insider Neil salvage sold 4,153 shares of LendingTree in a transaction dated Tuesday, November 2. The stock was sold at an average price of $ 148.00, for a total trade of $ 614,644.00. The transaction has been disclosed in a legal file with the SEC, which can be accessed via the SEC website. Also, director Robin henderson sold 735 shares of LendingTree in a transaction dated Friday, August 27. The shares were sold at an average price of $ 170.00, for a total value of $ 124,950.00. As a result of the transaction, the director now directly owns 469 shares of the company, valued at approximately $ 79,730. Disclosure of this sale can be found here. Company insiders own 16.70% of the company’s shares.
Several hedge funds and other institutional investors have recently changed their positions in the title. Lumbard & Kellner LLC increased its stake in LendingTree shares by 10.8% in the 3rd quarter. Lumbard & Kellner LLC now owns 1,995 shares of the financial services provider valued at $ 279,000 after purchasing 195 additional shares in the last quarter. Nia Impact Advisors LLC increased its stake in LendingTree shares by 122.4% in the 3rd quarter. Nia Impact Advisors LLC now owns 4,683 shares of the financial services provider valued at $ 655,000 after purchasing an additional 2,577 shares in the last quarter. Squarepoint Ops LLC increased its stake in LendingTree shares by 129.6% in the 3rd quarter. Squarepoint Ops LLC now owns 42,749 shares of the financial services provider valued at $ 5,978,000 after purchasing an additional 24,127 shares in the last quarter. Twinbeech Capital LP purchased a new equity interest in LendingTree in the third quarter valued at approximately $ 1,456,000. Finally, Voloridge Investment Management LLC increased its stake in LendingTree shares by 640.9% in the 3rd quarter. Voloridge Investment Management LLC now owns 80,486 shares of the financial services provider valued at $ 11,254,000 after purchasing an additional 69,623 shares in the last quarter. 93.70% of the shares are held by institutional investors and hedge funds.
LendingTree Company Profile
LendingTree, Inc. is engaged in operating an online loan marketplace for consumers looking for loans and other credit offers. It operates in the following segments: home, consumer and insurance. The Home segment includes purchase mortgages, refinance mortgages, home equity loans and lines of credit, reverse mortgages and real estate.
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