Stock analysts expect LendingTree, Inc. (NASDAQ:TREE – Get a rating) to announce sales of $285.41 million for the current quarter, according to Zacks. Four analysts have made LendingTree earnings estimates, with the lowest sales estimate at $284.76 million and the highest estimate at $286.88 million. LendingTree recorded sales of $272.75 million in the same quarter last year, suggesting a positive growth rate of 4.6% year over year. The company is expected to announce its next quarterly earnings report on Thursday, May 5.
On average, analysts expect LendingTree to post annual sales of $1.22 billion in the current fiscal year, with estimates ranging from $1.21 billion to $1.24 billion. For the next fiscal year, analysts expect the company to record sales of $1.39 billion, with estimates ranging from $1.36 billion to $1.40 billion. Zacks Investment Research’s sell calculations are an average based on a survey of sell-side research analysts who cover LendingTree.
LendingTree (NASDAQ:TREE – Get a rating) last released its quarterly earnings data on Thursday, February 24. The financial services provider reported ($0.14) EPS for the quarter, beating Thomson Reuters consensus estimate of ($0.30) by $0.16. LendingTree had a negative return on equity of 0.62% and a net margin of 1.22%. The company posted revenue of $258.30 million for the quarter, versus a consensus estimate of $258.25 million. In the same quarter a year earlier, the company had earned ($0.73) earnings per share. The company’s quarterly revenue increased 16.2% year over year.
A number of stock analysts have recently released reports on TREE stocks. Truist Financial lowered its price target on LendingTree shares from $275.00 to $250.00 in a Wednesday, Jan. 26 research note. Zacks Investment Research downgraded LendingTree shares from a “hold” rating to a “sell” rating and set a target price of $123.00 for the stock. in a research report on Wednesday, December 1. Oppenheimer lowered his price target on LendingTree shares from $200.00 to $190.00 and set an “outperform” rating on the stock in a Monday report. Susquehanna Bancshares cut its price target on LendingTree shares from $310.00 to $265.00 in a Thursday, Feb. 3 research note. Finally, Needham & Company LLC lowered its price target on LendingTree shares from $175.00 to $145.00 and set a “buy” rating on the stock in a research report Monday. One analyst gave the stock a sell rating, two gave the company a hold rating and five gave the company a buy rating. Based on data from MarketBeat, LendingTree currently has an average rating of “Buy” and a consensus target price of $207.44.
LendingTree shares opened at $113.27 on Thursday. The company has a market capitalization of $1.51 billion, a P/E ratio of 131.71 and a beta of 1.52. The company has a debt ratio of 1.09, a quick ratio of 1.32 and a current ratio of 1.32. The company has a fifty-day moving average of $122.44 and a 200-day moving average of $135.95. LendingTree has a fifty-two-week low of $90.97 and a fifty-two-week high of $273.37.
A number of hedge funds have recently bought and sold shares of the company. Asset Management One Co. Ltd. increased its holdings of LendingTree shares by 27.4% during the 3rd quarter. Asset Management One Co. Ltd. now owns 595 shares of the financial services provider worth $83,000 after buying an additional 128 shares in the last quarter. Nisa Investment Advisors LLC increased its stake in LendingTree by 545.5% during the 3rd quarter. Nisa Investment Advisors LLC now owns 710 shares of the financial services provider worth $99,000 after purchasing an additional 600 shares during the period. Amundi acquired a new position in LendingTree during the 2nd quarter worth approximately $176,000. AGF Placements Inc. increased its stake in LendingTree by 23.7% during the third quarter. AGF Investments Inc. now owns 1,200 shares of the financial services provider worth $168,000 after purchasing an additional 230 shares during the period. Finally, Boothbay Fund Management LLC purchased a new equity stake in LendingTree in the second quarter worth approximately $280,000. Hedge funds and other institutional investors own 86.39% of the company’s shares.
LendingTree Company Profile (Get a rating)
LendingTree, Inc engages in the operation of an online lending marketplace for consumers seeking loans and other credit-based offerings. It operates through the following segments: Home, Consumer and Insurance. The Home segment includes mortgage purchase, mortgage refinance, home equity loans and lines of credit and reverse mortgages and real estate.
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