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

Equities research analysts predict that Lendingtree Inc (NASDAQ:TREE) will announce earnings of $1.67 per share for the current fiscal quarter, Zacks Investment Research reports. Five analysts have provided estimates for Lendingtree’s earnings. The lowest EPS estimate is $1.24 and the highest is $1.86. Lendingtree reported earnings per share of $1.92 in the same quarter last year, which suggests a negative year-over-year growth rate of 13%. The business is expected to announce its next quarterly earnings report on Thursday, November 7th.

On average, 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 financial year, analysts anticipate that the firm will post earnings of $8.53 per share, with EPS estimates ranging from $7.85 to $10.08. Zacks’ earnings per share averages are a mean average based on a survey of sell-side research firms that that provide coverage for Lendingtree.

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



A number of equities research analysts have recently weighed in on TREE shares. Northland Securities reissued a “hold” rating on shares of Lendingtree in a research note on Thursday, July 25th. Oppenheimer boosted their target price on Lendingtree from $440.00 to $465.00 and gave the company an “outperform” rating in a research note on Tuesday, July 23rd. Susquehanna Bancshares raised Lendingtree from a “neutral” rating to a “positive” rating in a research note on Thursday, July 25th. Compass Point reissued a “buy” rating and issued a $345.00 target price (up previously from $305.00) on shares of Lendingtree in a research note on Tuesday, April 30th. Finally, SunTrust Banks set a $350.00 target price on Lendingtree and gave the company a “hold” rating in a research note on Monday, August 12th. One analyst has rated the stock with a sell rating, seven have given a hold rating and five have issued a buy rating to the company’s stock. Lendingtree has an average rating of “Hold” and a consensus price target of $358.67.

In other Lendingtree news, insider Sushil Sharma sold 2,128 shares of the company’s stock in a transaction that occurred on Friday, August 9th. The stock was sold at an average price of $317.03, for a total transaction of $674,639.84. Following the completion of the transaction, the insider now owns 8,097 shares of the company’s stock, valued at approximately $2,566,991.91. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, President Neil Salvage sold 20,405 shares of the company’s stock in a transaction that occurred on Friday, July 5th. The shares were sold at an average price of $435.37, for a total value of $8,883,724.85. Following the transaction, the president now directly owns 14,506 shares of the company’s stock, valued at approximately $6,315,477.22. The disclosure for this sale can be found here. Insiders have sold a total of 49,851 shares of company stock valued at $20,057,230 in the last ninety days. 17.90% of the stock is currently owned by corporate insiders.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in TREE. Victory Capital Management Inc. grew its holdings in shares of Lendingtree by 117.0% during the 1st quarter. Victory Capital Management Inc. now owns 343,010 shares of the financial services provider’s stock worth $120,589,000 after acquiring an additional 184,965 shares during the period. APG Asset Management N.V. purchased a new position in shares of Lendingtree during the 2nd quarter worth approximately $24,970,000. Norges Bank purchased a new position in shares of Lendingtree during the 4th quarter worth approximately $12,737,000. Robeco Institutional Asset Management B.V. grew its holdings in shares of Lendingtree by 57.5% during the 1st quarter. Robeco Institutional Asset Management B.V. now owns 122,101 shares of the financial services provider’s stock worth $42,925,000 after acquiring an additional 44,601 shares during the period. Finally, Redwood Investments LLC purchased a new position in shares of Lendingtree during the 1st quarter worth approximately $14,946,000. 77.15% of the stock is owned by institutional investors and hedge funds.

Shares of NASDAQ TREE traded down $3.32 during midday trading on Tuesday, reaching $294.82. The company had a trading volume of 5,944 shares, compared to its average volume of 274,014. Lendingtree has a one year low of $183.25 and a one year 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. The firm’s fifty day moving average price is $364.68 and its 200-day moving average price is $360.01. The stock has a market cap of $3.84 billion, a PE ratio of 33.41, a price-to-earnings-growth ratio of 10.42 and a beta of 2.18.

Lendingtree Company Profile

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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