$0.11 Earnings Per Share Expected for Meet Group Inc (NASDAQ:MEET) This Quarter

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Analysts forecast that Meet Group Inc (NASDAQ:MEET) will post earnings of $0.11 per share for the current quarter, Zacks reports. Three analysts have made estimates for Meet Group’s earnings. Meet Group reported earnings per share of $0.10 during the same quarter last year, which suggests a positive year over year growth rate of 10%. The business is scheduled to report its next 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 year, with EPS estimates ranging from $0.46 to $0.50. For the next fiscal year, analysts anticipate that the business will report earnings of $0.56 per share, with EPS estimates ranging from $0.50 to $0.61. Zacks Investment Research’s EPS calculations are a mean average based on a survey of sell-side research firms that cover Meet Group.

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

A number of research firms have issued reports on MEET. Roth Capital set a $8.00 target price on shares of Meet Group and gave the stock a “buy” rating in a research report on Sunday, July 21st. Oppenheimer initiated coverage on shares of Meet Group in a research note on Thursday, June 20th. They set an “outperform” rating and a $7.00 target price for the company. CIBC began coverage on shares of Meet Group in a report on Friday, June 21st. They set an “outperform” rating and a $7.00 price target on the stock. Aegis reaffirmed a “buy” rating and issued a $6.25 price target on shares of Meet Group in a research note on Thursday, July 11th. Finally, Zacks Investment Research lowered Meet Group from a “buy” rating to a “hold” rating in a report on Friday, July 26th. Two investment analysts have rated the stock with a sell rating, one has assigned a hold rating and six have assigned a buy rating to the stock. Meet Group currently has an average rating of “Hold” and an average target price of $6.71.

Several hedge funds and other institutional investors have recently made changes to their positions in MEET. Luxor Capital Group LP increased its holdings in Meet Group by 1.5% in the second quarter. Luxor Capital Group LP now owns 12,032,344 shares of the information services provider’s stock worth $41,873,000 after buying an additional 175,000 shares during the last quarter. Ladenburg Thalmann Financial Services Inc. boosted its stake in shares of Meet Group by 121.5% during the 2nd quarter. Ladenburg Thalmann Financial Services Inc. now owns 57,935 shares of the information services provider’s stock worth $201,000 after acquiring an additional 31,785 shares in the last quarter. United Services Automobile Association boosted its stake in shares of Meet Group by 4.2% during the 2nd quarter. United Services Automobile Association now owns 177,332 shares of the information services provider’s stock worth $617,000 after acquiring an additional 7,200 shares in the last quarter. Schroder Investment Management Group acquired a new position in shares of Meet Group during the 2nd quarter valued at about $67,000. Finally, Jane Street Group LLC acquired a new position in shares of Meet Group during the 2nd quarter valued at about $58,000. 69.07% of the stock is owned by institutional investors and hedge funds.

MEET traded up $0.15 on Friday, reaching $3.58. 1,149,500 shares of the company traded hands, compared to its average volume of 1,351,857. The company has a market cap of $275.29 million, a price-to-earnings ratio of 14.92, a PEG ratio of 0.44 and a beta of 1.50. The company has a debt-to-equity ratio of 0.10, a current ratio of 1.22 and a quick ratio of 1.22. The stock’s 50 day moving average price is $3.50 and its 200-day moving average price is $4.31. Meet Group has a 52-week low of $3.05 and a 52-week high of $6.27.

About Meet Group

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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