Lendingtree Inc (NASDAQ:TREE) Expected to Post Earnings of $1.67 Per Share

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Wall Street analysts forecast that Lendingtree Inc (NASDAQ:TREE) will post earnings per share of $1.67 for the current quarter, Zacks reports. Four analysts have made estimates for Lendingtree’s earnings, with the highest EPS estimate coming in at $1.86 and the lowest estimate coming in at $1.24. Lendingtree posted earnings of $1.92 per share during the same quarter last year, which suggests a negative year over year growth rate of 13%. The firm is scheduled to report its next earnings report on Thursday, November 7th.

According to Zacks, analysts expect that Lendingtree will report full year earnings of $5.47 per share for the current year, with EPS estimates ranging from $4.73 to $5.85. For the next fiscal year, analysts forecast that the firm will post earnings of $8.53 per share, with EPS estimates ranging from $7.85 to $10.08. Zacks Investment Research’s EPS averages are an average based on a survey of research firms that that provide coverage for Lendingtree.

Lendingtree (NASDAQ:TREE) last issued its earnings results on Thursday, July 25th. The financial services provider reported $1.18 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.68 by $0.50. The firm had revenue of $278.40 million for the quarter, compared to the consensus estimate of $267.46 million. Lendingtree had a net margin of 3.63% and a return on equity of 12.54%. The business’s revenue was up 51.2% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.47 earnings per share.

TREE has been the topic of several analyst reports. TheStreet downgraded shares of Lendingtree from a “b” rating to a “c+” rating in a research note on Monday, July 29th. Oppenheimer upped their target price on shares of Lendingtree from $440.00 to $465.00 and gave the stock an “outperform” rating in a research note on Tuesday, July 23rd. BidaskClub cut shares of Lendingtree from a “sell” rating to a “strong sell” rating in a report on Thursday. ValuEngine cut shares of Lendingtree from a “buy” rating to a “hold” rating in a report on Monday, June 3rd. Finally, Deutsche Bank boosted their price objective on shares of Lendingtree from $330.00 to $390.00 and gave the company a “hold” rating in a report on Monday, April 29th. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and five have given a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus target price of $358.67.

Shares of NASDAQ TREE traded up $1.57 during midday trading on Tuesday, hitting $295.79. The stock had a trading volume of 164,300 shares, compared to its average volume of 275,533. The business’s 50 day moving average is $372.22 and its 200-day moving average is $360.99. The company has a market cap of $3.82 billion, a P/E ratio of 33.31, a PEG ratio of 10.36 and a beta of 2.18. Lendingtree has a 52 week low of $183.25 and a 52 week high of $434.94. The company has a quick ratio of 0.67, a current ratio of 0.67 and a debt-to-equity ratio of 0.69.

In other Lendingtree news, President Neil Salvage sold 9,468 shares of the company’s stock in a transaction that occurred on Thursday, May 30th. The shares were sold at an average price of $374.33, for a total transaction of $3,544,156.44. Following the completion of the sale, the president now directly owns 13,569 shares of the company’s stock, valued at $5,079,283.77. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, CFO J D. Moriarty sold 8,899 shares of the company’s stock in a transaction that occurred on Thursday, June 6th. The shares were sold at an average price of $390.23, for a total transaction of $3,472,656.77. Following the sale, the chief financial officer now directly owns 11,735 shares of the company’s stock, valued at $4,579,349.05. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 49,851 shares of company stock valued at $20,057,230. 17.90% of the stock is owned by corporate insiders.

A number of hedge funds have recently made changes to their positions in the business. Retirement Systems of Alabama increased its holdings in Lendingtree by 0.3% during the second quarter. Retirement Systems of Alabama now owns 9,716 shares of the financial services provider’s stock valued at $4,081,000 after buying an additional 28 shares during the last quarter. Crossmark Global Holdings Inc. increased its holdings in Lendingtree by 2.6% during the first quarter. Crossmark Global Holdings Inc. now owns 1,369 shares of the financial services provider’s stock valued at $481,000 after buying an additional 35 shares during the last quarter. Oregon Public Employees Retirement Fund increased its holdings in Lendingtree by 1.5% during the second quarter. Oregon Public Employees Retirement Fund now owns 2,983 shares of the financial services provider’s stock valued at $1,253,000 after buying an additional 43 shares during the last quarter. Strs Ohio boosted its position in shares of Lendingtree by 10.8% in the second quarter. Strs Ohio now owns 443 shares of the financial services provider’s stock worth $186,000 after purchasing an additional 43 shares during the period. Finally, Aperio Group LLC boosted its position in shares of Lendingtree by 2.8% in the second quarter. Aperio Group LLC now owns 2,071 shares of the financial services provider’s stock worth $870,000 after purchasing an additional 57 shares during the period. 79.47% of the stock is owned by institutional investors and hedge funds.

About Lendingtree

LendingTree, Inc, through its subsidiary, LendingTree, LLC, operates an online loan marketplace for consumers seeking loans 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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Earnings History and Estimates for Lendingtree (NASDAQ:TREE)

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