Equity research analysts predict that LendingTree, Inc. (NASDAQ: TREE) will report $ 266.94 million in sales for the current fiscal quarter, according to Zacks Investment Research. Five analysts have released LendingTree earnings estimates. The highest sales estimate is $ 274.51 million and the lowest is $ 262.10 million. LendingTree posted sales of $ 222.33 million in the same quarter last year, suggesting a positive year-over-year growth rate of 20.1%. The company is expected to announce its next earnings report on Thursday, February 24.
On average, analysts expect LendingTree to report annual sales of $ 1.11 billion for the current fiscal year, with estimates ranging from $ 1.10 billion to $ 1.11 billion. For the next fiscal year, analysts predict the company will post revenue of $ 1.22 billion, with estimates ranging from $ 1.13 billion to $ 1.32 billion. Zacks Investment Research sales averages are an average based on a survey of sell-side research companies that track LendingTree.
LendingTree (NASDAQ: TREE) last released its quarterly results on Thursday, October 28. The financial services provider reported earnings per share (EPS) of $ 0.75 for the quarter, beating analyst consensus estimates of ($ 0.56) by $ 1.31. LendingTree had a negative return on equity of 0.62% and a net margin of 1.22%. The company posted revenue of $ 297.40 million for the quarter, compared to analysts’ estimates of $ 292.57 million. In the same quarter of last year, the company made EPS ($ 1.33). LendingTree’s revenue for the quarter increased 35.0% from the same quarter last year.
Several research analysts weighed on TREE stocks. Truist Securities lowered its target price on LendingTree from $ 320.00 to $ 275.00 and set a “buy” rating on the stock in a research note on Friday, October 29. Stephens lowered his price target on LendingTree from $ 365.00 to $ 265.00 and set an “overweight” rating for the company in a report released Thursday, September 23. Truist lowered its price target on LendingTree from $ 320.00 to $ 275.00 and set a “buy” rating for the company in a research report released on Friday, October 29. They noted that the move was an appraisal call. Zacks Investment Research downgraded LendingTree from a “hold” rating to a “sell” rating and set a price target of $ 123.00 for the company. in a research report on Wednesday, December 1. Finally, Oppenheimer reduced its price target on LendingTree from $ 275.00 to $ 240.00 and established an “outperformance” rating for the company in a research report released on Friday, October 29. One investment analyst rated the stock with a sell rating and eight rated the company’s stock with a buy rating. According to MarketBeat data, the stock has an average rating of “Buy” and a consensus price target of $ 268.67.
NASDAQ: TREE opened at $ 111.88 on Friday. The stock’s 50-day moving average price is $ 136.30, and its 200-day moving average price is $ 168.36. The company has a market cap of $ 1.49 billion, a PE ratio of 130.09 and a beta of 1.51. The company has a quick ratio of 1.32, a current ratio of 1.32, and a debt ratio of 1.09. LendingTree has a 52 week low of $ 105 and a 52 week high of $ 372.64.
Separately, insider Neil Salvage sold 4,153 shares of the company in a trade on Tuesday, November 2. The shares were sold for an average price of $ 148.00, for a total value of $ 614,644.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available on the SEC website. Company insiders own 16.70% of the company’s shares.
Institutional investors have recently changed their holdings in the company. Asset Management One Co. Ltd. increased its position in LendingTree shares by 15.6% in the second quarter. Asset Management One Co. Ltd. now owns 467 shares of the financial services provider valued at $ 98,000 after purchasing 63 additional shares during the period. Mutual of America Capital Management LLC increased its stake in LendingTree by 0.8% in the 2nd quarter. Mutual of America Capital Management LLC now owns 9,844 shares of the financial services provider valued at $ 2,086,000 after purchasing 81 additional shares in the last quarter. Texas Permanent School Fund raised its holdings of LendingTree shares by 1.1% in the 2nd quarter. Texas Permanent School Fund now owns 8,233 shares of the financial services provider valued at $ 1,744,000 after acquiring 92 additional shares in the last quarter. The Oregon Public Employees Retirement Fund increased its holdings in LendingTree by 2.5% in the second quarter. The Oregon Public Employees Retirement Fund now owns 3,740 shares of the financial services provider valued at $ 792,000 after buying 92 more shares in the last quarter. Finally, the State of Alaska Department of Revenue strengthened its position in LendingTree by 5.7% during the 3rd quarter. The Alaska State Department of Revenue now owns 1,802 shares of the financial services provider valued at $ 251,000 after purchasing an additional 97 shares during the period. 93.70% of the shares are held by institutional investors.
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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