Zacks: Analysts Expect Lendingtree Inc (TREE) to Announce $1.53 Earnings Per Share
Equities analysts expect Lendingtree Inc (NASDAQ:TREE) to report $1.53 earnings per share (EPS) for the current fiscal quarter, Zacks reports. Five analysts have provided estimates for Lendingtree’s earnings. The highest EPS estimate is $1.66 and the lowest is $1.28. Lendingtree reported earnings per share of $0.84 during the same quarter last year, which indicates a positive year-over-year growth rate of 82.1%. The business is scheduled to report its next quarterly earnings report on Thursday, February 28th.
According to Zacks, analysts expect that Lendingtree will report full-year earnings of $5.97 per share for the current financial year, with EPS estimates ranging from $5.74 to $6.11. For the next fiscal year, analysts forecast that the business will report earnings of $8.17 per share, with EPS estimates ranging from $7.31 to $9.03. Zacks’ EPS calculations are a mean average based on a survey of research analysts that cover Lendingtree.
Lendingtree (NASDAQ:TREE) last announced its quarterly earnings results on Thursday, November 1st. The financial services provider reported $1.92 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.31 by $0.61. Lendingtree had a net margin of 12.73% and a return on equity of 12.86%. The firm had revenue of $197.10 million during the quarter, compared to the consensus estimate of $199.28 million. During the same period last year, the firm earned $1.17 EPS. The business’s quarterly revenue was up 14.9% compared to the same quarter last year.
Shares of NASDAQ:TREE opened at $261.92 on Tuesday. The company has a quick ratio of 3.33, a current ratio of 3.33 and a debt-to-equity ratio of 0.66. Lendingtree has a one year low of $183.25 and a one year high of $404.40. The firm has a market capitalization of $3.21 billion, a price-to-earnings ratio of 86.73, a PEG ratio of 1.91 and a beta of 2.18.
In other news, Director Steven Ozonian sold 975 shares of the firm’s stock in a transaction on Friday, November 2nd. The shares were sold at an average price of $247.83, for a total transaction of $241,634.25. Following the sale, the director now owns 7,344 shares in the company, valued at approximately $1,820,063.52. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Company insiders own 20.50% of the company’s stock.
Several institutional investors have recently bought and sold shares of TREE. Baillie Gifford & Co. raised its position in Lendingtree by 4.4% in the 3rd quarter. Baillie Gifford & Co. now owns 1,388,852 shares of the financial services provider’s stock worth $319,575,000 after purchasing an additional 58,766 shares during the period. Nikko Asset Management Americas Inc. raised its position in Lendingtree by 47.4% in the 3rd quarter. Nikko Asset Management Americas Inc. now owns 561,873 shares of the financial services provider’s stock worth $129,231,000 after purchasing an additional 180,718 shares during the period. Sumitomo Mitsui Trust Holdings Inc. raised its position in Lendingtree by 48.0% in the 3rd quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 559,424 shares of the financial services provider’s stock worth $128,723,000 after purchasing an additional 181,491 shares during the period. Jackson Square Partners LLC raised its position in Lendingtree by 18.5% in the 3rd quarter. Jackson Square Partners LLC now owns 492,932 shares of the financial services provider’s stock worth $113,423,000 after purchasing an additional 76,892 shares during the period. Finally, William Blair Investment Management LLC raised its position in Lendingtree by 53.3% in the 3rd quarter. William Blair Investment Management LLC now owns 461,906 shares of the financial services provider’s stock worth $106,285,000 after purchasing an additional 160,617 shares during the period. Hedge funds and other institutional investors own 86.43% of the company’s stock.
Lendingtree Company Profile
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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