Wall Street analysts forecast that Match Group, Inc. (NASDAQ:MTCH) will announce earnings of $0.16 per share for the current quarter, Zacks Investment Research reports. Four analysts have made estimates for Match Group’s earnings, with the lowest EPS estimate coming in at $0.15 and the highest estimate coming in at $0.17. Match Group reported earnings of $0.14 per share in the same quarter last year, which would suggest a positive year over year growth rate of 14.3%. The business is expected to issue its next earnings results after the market closes on Tuesday, August 1st.

According to Zacks, analysts expect that Match Group will report full-year earnings of $0.67 per share for the current year, with EPS estimates ranging from $0.66 to $0.70. For the next financial year, analysts anticipate that the firm will post earnings of $0.90 per share, with EPS estimates ranging from $0.80 to $1.04. Zacks Investment Research’s EPS calculations are an average based on a survey of analysts that follow Match Group.

Match Group (NASDAQ:MTCH) last announced its earnings results on Tuesday, May 2nd. The technology company reported $0.12 earnings per share for the quarter, missing the consensus estimate of $0.13 by $0.01. The business had revenue of $298.76 million for the quarter, compared to the consensus estimate of $314.94 million. Match Group had a net margin of 14.91% and a return on equity of 39.71%.

MTCH has been the topic of several recent analyst reports. Citigroup Inc. initiated coverage on Match Group in a report on Monday, March 27th. They issued a “buy” rating and a $22.00 target price on the stock. Piper Jaffray Companies initiated coverage on Match Group in a report on Tuesday, April 4th. They issued an “overweight” rating and a $21.00 target price on the stock. Jefferies Group LLC initiated coverage on Match Group in a report on Tuesday, April 18th. They issued a “buy” rating and a $21.00 target price on the stock. Cowen and Company reissued an “outperform” rating and issued a $22.00 target price on shares of Match Group in a report on Monday, April 24th. Finally, Vetr downgraded Match Group from a “strong-buy” rating to a “buy” rating and set a $21.33 target price on the stock. in a report on Monday, May 1st. One analyst has rated the stock with a sell rating, three have given a hold rating and fifteen have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus price target of $20.34.

In other Match Group news, insider Amarnath Thombre sold 116,126 shares of the company’s stock in a transaction on Tuesday, May 23rd. The stock was sold at an average price of $19.63, for a total transaction of $2,279,553.38. Following the transaction, the insider now owns 50,000 shares of the company’s stock, valued at approximately $981,500. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. 18.10% of the stock is currently owned by corporate insiders.

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Mutual of America Capital Management LLC increased its position in Match Group by 19.9% in the first quarter. Mutual of America Capital Management LLC now owns 6,956 shares of the technology company’s stock worth $114,000 after buying an additional 1,156 shares during the period. TLP Group LLC bought a new position in Match Group during the first quarter worth $154,000. Private Advisor Group LLC bought a new position in Match Group during the first quarter worth $174,000. Fox Run Management L.L.C. bought a new position in Match Group during the second quarter worth $176,000. Finally, UBS Asset Management Americas Inc. bought a new position in Match Group during the first quarter worth $181,000. 20.84% of the stock is currently owned by hedge funds and other institutional investors.

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Shares of Match Group (NASDAQ:MTCH) traded down 0.70% during mid-day trading on Thursday, reaching $18.41. The company’s stock had a trading volume of 800,245 shares. The company has a 50 day moving average of $18.03 and a 200-day moving average of $17.76. Match Group has a 12 month low of $14.32 and a 12 month high of $20.75. The firm has a market capitalization of $4.76 billion, a P/E ratio of 27.56 and a beta of 0.62.

Match Group declared that its board has initiated a stock repurchase program on Tuesday, May 2nd that permits the company to buyback 6,000,000 outstanding shares. This buyback authorization permits the technology company to buy shares of its stock through open market purchases. Shares buyback programs are often an indication that the company’s board believes its shares are undervalued.

About Match Group

Match Group, Inc, incorporated on February 13, 2009, is a provider of dating products. The Company operates in the Dating segment. The Dating segment consists of all of its dating businesses across the globe. As of March 31, 2017, the Company operated a portfolio of over 45 brands, including Match, Tinder, PlentyOfFish, Meetic, OkCupid, Pairs, Twoo, OurTime, BlackPeopleMeet and LoveScout24, each designed to manage its users’ likelihood of finding a romantic connection.

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Earnings History and Estimates for Match Group (NASDAQ:MTCH)

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