Wall Street analysts predict that Meet Group Inc (NASDAQ:MEET) will announce $0.11 earnings per share (EPS) for the current quarter, according to Zacks. Three analysts have provided estimates for Meet Group’s earnings. Meet Group reported earnings of $0.10 per share in the same quarter last year, which would indicate a positive year over year growth rate of 10%. The business is expected to issue its next quarterly earnings report on Wednesday, November 6th.

On average, analysts expect that Meet Group will report full year earnings of $0.48 per share for the current financial year, with EPS estimates ranging from $0.46 to $0.50. For the next financial year, analysts expect that the business will report earnings of $0.56 per share, with EPS estimates ranging from $0.50 to $0.61. Zacks’ earnings per share calculations are an average based on a survey of sell-side research analysts that follow Meet Group.

Meet Group (NASDAQ:MEET) last released its quarterly earnings results on Wednesday, July 31st. The information services provider reported $0.08 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.07 by $0.01. Meet Group had a return on equity of 11.30% and a net margin of 4.53%. The business had revenue of $52.00 million for the quarter, compared to the consensus estimate of $50.67 million.

A number of brokerages recently weighed in on MEET. Canaccord Genuity set a $8.00 price objective on Meet Group and gave the company a “buy” rating in a report on Wednesday, July 3rd. Aegis reaffirmed a “buy” rating and issued a $6.25 target price on shares of Meet Group in a research note on Thursday, July 11th. Zacks Investment Research cut shares of Meet Group from a “buy” rating to a “hold” rating in a research report on Friday, July 26th. Roth Capital set a $8.00 price target on shares of Meet Group and gave the stock a “buy” rating in a research note on Sunday, July 21st. Finally, CIBC started coverage on shares of Meet Group in a report on Friday, June 21st. They issued an “outperform” rating and a $7.00 price objective for the company. Two equities research analysts have rated the stock with a sell rating, one has assigned a hold rating and six have issued a buy rating to the company. The company currently has a consensus rating of “Hold” and an average price target of $6.71.

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Connor Clark & Lunn Investment Management Ltd. grew its holdings in Meet Group by 119.1% in the 1st quarter. Connor Clark & Lunn Investment Management Ltd. now owns 104,581 shares of the information services provider’s stock worth $526,000 after acquiring an additional 56,846 shares during the last quarter. SG Americas Securities LLC boosted its stake in shares of Meet Group by 1,869.9% in the 2nd quarter. SG Americas Securities LLC now owns 276,224 shares of the information services provider’s stock worth $961,000 after buying an additional 262,202 shares during the last quarter. Acadian Asset Management LLC grew its holdings in shares of Meet Group by 79.7% in the second quarter. Acadian Asset Management LLC now owns 1,617,456 shares of the information services provider’s stock worth $5,629,000 after acquiring an additional 717,543 shares during the period. New Jersey Better Educational Savings Trust grew its holdings in shares of Meet Group by 16.7% in the second quarter. New Jersey Better Educational Savings Trust now owns 70,000 shares of the information services provider’s stock worth $244,000 after acquiring an additional 10,000 shares during the period. Finally, Seizert Capital Partners LLC purchased a new stake in Meet Group during the second quarter valued at $265,000. Hedge funds and other institutional investors own 69.07% of the company’s stock.

Shares of MEET traded up $0.15 during midday trading on Friday, reaching $3.58. The stock had a trading volume of 1,149,500 shares, compared to its average volume of 1,351,857. The company has a current ratio of 1.22, a quick ratio of 1.22 and a debt-to-equity ratio of 0.10. The company has a market capitalization of $275.29 million, a price-to-earnings ratio of 14.92, a price-to-earnings-growth ratio of 0.44 and a beta of 1.50. The company’s 50-day moving average is $3.50 and its 200 day moving average is $4.31. Meet Group has a 12-month low of $3.05 and a 12-month high of $6.27.

Meet Group Company Profile

The Meet Group, Inc operates a portfolio of mobile social entertainment applications to meet the need for human connection worldwide. The company leverages a live-streaming video platform, empowering community to forge meaningful connections. The company's primary applications include, MeetMe, LOVOO, Skout, Tagged, and Growlr, which keeps mobile daily active users, entertained and engaged, and originate numbers of casual chats, friendships, dates, and marriages.

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