Analysts expect Lendingtree Inc (NASDAQ:TREE) to report sales of $173.61 million for the current quarter, Zacks Investment Research reports. Four analysts have issued estimates for Lendingtree’s earnings. The highest sales estimate is $174.50 million and the lowest is $172.24 million. Lendingtree reported sales of $132.52 million during the same quarter last year, which indicates a positive year-over-year growth rate of 31%. The company is scheduled to issue its next quarterly earnings results before the market opens on Thursday, April 26th.
On average, analysts expect that Lendingtree will report full year sales of $173.61 million for the current year, with estimates ranging from $785.00 million to $786.61 million. For the next fiscal year, analysts expect that the company will report sales of $973.08 million per share, with estimates ranging from $963.80 million to $991.20 million. Zacks Investment Research’s sales averages are a mean average based on a survey of research analysts that follow Lendingtree.
Lendingtree (NASDAQ:TREE) last issued its earnings results on Thursday, February 22nd. The financial services provider reported $0.84 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.90 by ($0.06). The company had revenue of $161.00 million during the quarter, compared to analyst estimates of $150.25 million. Lendingtree had a return on equity of 14.67% and a net margin of 2.52%. The business’s revenue was up 59.7% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.87 earnings per share.
In other Lendingtree news, CEO Douglas R. Lebda sold 14,750 shares of the business’s stock in a transaction dated Thursday, April 5th. The stock was sold at an average price of $323.22, for a total value of $4,767,495.00. Following the transaction, the chief executive officer now owns 517,706 shares in the company, valued at $167,332,933.32. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Steven Ozonian sold 500 shares of the business’s stock in a transaction dated Monday, February 26th. The shares were sold at an average price of $360.00, for a total value of $180,000.00. Following the completion of the transaction, the director now owns 8,879 shares in the company, valued at approximately $3,196,440. The disclosure for this sale can be found here. Insiders sold 117,904 shares of company stock worth $39,465,087 in the last 90 days. Corporate insiders own 21.90% of the company’s stock.
Hedge funds and other institutional investors have recently modified their holdings of the business. Public Employees Retirement Association of Colorado purchased a new position in Lendingtree in the fourth quarter valued at about $153,000. Zurcher Kantonalbank Zurich Cantonalbank grew its stake in Lendingtree by 34.8% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 639 shares of the financial services provider’s stock valued at $218,000 after purchasing an additional 165 shares in the last quarter. Polen Capital Management LLC purchased a new position in Lendingtree in the fourth quarter valued at about $227,000. Xact Kapitalforvaltning AB purchased a new position in Lendingtree in the fourth quarter valued at about $234,000. Finally, Shelton Capital Management purchased a new position in Lendingtree in the fourth quarter valued at about $244,000. Hedge funds and other institutional investors own 77.01% of the company’s stock.
Shares of NASDAQ TREE opened at $318.00 on Friday. The company has a debt-to-equity ratio of 0.81, a quick ratio of 2.97 and a current ratio of 2.97. The firm has a market capitalization of $3,950.45, a P/E ratio of 105.30, a P/E/G ratio of 1.93 and a beta of 1.73. Lendingtree has a 52-week low of $116.70 and a 52-week high of $404.40.
Lendingtree declared that its Board of Directors has approved a share repurchase plan on Thursday, February 22nd that permits the company to repurchase $100.00 million in outstanding shares. This repurchase authorization permits the financial services provider to reacquire shares of its stock through open market purchases. Stock repurchase plans are usually a sign that the company’s board of directors believes its stock is undervalued.
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LendingTree, Inc, through its subsidiary, LendingTree, LLC, operates an online loan marketplace for consumers seeking loans and other credit-based offerings 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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