Equities analysts expect Lendingtree Inc (NASDAQ:TREE) to post sales of $295.02 million for the current fiscal quarter, according to Zacks Investment Research. Four analysts have made estimates for Lendingtree’s earnings. The highest sales estimate is $296.00 million and the lowest is $293.18 million. Lendingtree reported sales of $197.06 million during the same quarter last year, which indicates a positive year-over-year growth rate of 49.7%. The company is expected to announce its next quarterly earnings results on Thursday, November 7th.

On average, analysts expect that Lendingtree will report full-year sales of $1.09 billion for the current financial year, with estimates ranging from $1.09 billion to $1.10 billion. For the next financial year, analysts anticipate that the firm will report sales of $1.29 billion, with estimates ranging from $1.22 billion to $1.34 billion. Zacks Investment Research’s sales averages are a mean average based on a survey of analysts that follow Lendingtree.

Lendingtree (NASDAQ:TREE) last posted its quarterly earnings data 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 return on equity of 12.54% and a net margin of 3.63%. The business’s revenue for the quarter was up 51.2% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.47 EPS.

TREE has been the topic of several research reports. Susquehanna Bancshares upgraded shares of Lendingtree from a “neutral” rating to a “positive” rating in a report on Thursday, July 25th. ValuEngine lowered shares of Lendingtree from a “buy” rating to a “hold” rating in a report on Monday, June 3rd. Bank of America reissued a “buy” rating and issued a $390.00 price target (down previously from $420.00) on shares of Lendingtree in a report on Friday, July 26th. Deutsche Bank increased their price target on shares of Lendingtree from $330.00 to $390.00 and gave the stock a “hold” rating in a report on Monday, April 29th. Finally, BidaskClub lowered shares of Lendingtree from a “sell” rating to a “strong sell” rating in a report on Thursday. One analyst has rated the stock with a sell rating, seven have given a hold rating and five have assigned a buy rating to the company. The company has an average rating of “Hold” and an average target price of $358.67.

Shares of NASDAQ TREE traded up $1.57 during trading on Thursday, hitting $295.79. 164,300 shares of the company traded hands, compared to its average volume of 275,533. The business’s fifty day moving average is $372.22 and its 200 day moving average is $360.99. Lendingtree has a fifty-two week low of $183.25 and a fifty-two week high of $434.94. The firm has a market capitalization of $3.82 billion, a price-to-earnings ratio of 33.31, a P/E/G ratio of 10.36 and a beta of 2.18. The company has a debt-to-equity ratio of 0.69, a quick ratio of 0.67 and a current ratio of 0.67.

In related news, CFO J D. Moriarty sold 8,899 shares of the firm’s stock in a transaction that occurred on Thursday, June 6th. The stock was sold at an average price of $390.23, for a total value of $3,472,656.77. Following the sale, the chief financial officer now owns 11,735 shares of the company’s stock, valued at approximately $4,579,349.05. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, President Neil Salvage sold 4,468 shares of the firm’s stock in a transaction that occurred on Tuesday, May 28th. The stock was sold at an average price of $378.05, for a total value of $1,689,127.40. Following the completion of the sale, the president now directly owns 13,569 shares in the company, valued at approximately $5,129,760.45. The disclosure for this sale can be found here. In the last three months, insiders sold 49,851 shares of company stock worth $20,057,230. Company insiders own 17.90% of the company’s stock.

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Retirement Systems of Alabama lifted its position in shares of 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. grew its holdings in shares of Lendingtree by 2.6% in the first quarter. Crossmark Global Holdings Inc. now owns 1,369 shares of the financial services provider’s stock worth $481,000 after purchasing an additional 35 shares during the last quarter. Oregon Public Employees Retirement Fund grew its holdings in shares of Lendingtree by 1.5% in the second quarter. Oregon Public Employees Retirement Fund now owns 2,983 shares of the financial services provider’s stock worth $1,253,000 after purchasing an additional 43 shares during the last quarter. Strs Ohio grew its holdings 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 last quarter. Finally, Aperio Group LLC grew its holdings 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 last quarter. 79.47% of the stock is currently 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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