Equities analysts predict that Meet Group Inc (NASDAQ:MEET) will report earnings of $0.07 per share for the current quarter, according to Zacks. Two analysts have issued estimates for Meet Group’s earnings. Meet Group also reported earnings per share of $0.07 during the same quarter last year. The company is scheduled to report its next earnings results on Monday, May 14th.
According to Zacks, analysts expect that Meet Group will report full year earnings of $0.32 per share for the current financial year. Zacks’ earnings per share averages are a mean average based on a survey of sell-side analysts that that provide coverage for Meet Group.
Meet Group (NASDAQ:MEET) last posted its quarterly earnings results on Wednesday, March 7th. The information services provider reported $0.12 EPS for the quarter, topping the consensus estimate of $0.11 by $0.01. Meet Group had a positive return on equity of 8.82% and a negative net margin of 51.89%. The business had revenue of $40.20 million for the quarter, compared to analyst estimates of $38.18 million. During the same quarter in the previous year, the firm earned $0.19 EPS. The company’s quarterly revenue was up 37.7% compared to the same quarter last year.
Meet Group (NASDAQ:MEET) opened at $2.43 on Friday. Meet Group has a fifty-two week low of $2.19 and a fifty-two week high of $6.45. The company has a market capitalization of $176.91, a price-to-earnings ratio of -2.73, a PEG ratio of 0.57 and a beta of 1.09.
A number of institutional investors and hedge funds have recently modified their holdings of the stock. BlackRock Inc. raised its holdings in Meet Group by 0.7% in the 4th quarter. BlackRock Inc. now owns 4,092,641 shares of the information services provider’s stock valued at $11,542,000 after buying an additional 27,956 shares during the period. Luxor Capital Group LP raised its holdings in Meet Group by 100.0% in the 4th quarter. Luxor Capital Group LP now owns 3,079,481 shares of the information services provider’s stock valued at $8,684,000 after buying an additional 1,540,110 shares during the period. Vanguard Group Inc. raised its holdings in Meet Group by 16.0% in the 2nd quarter. Vanguard Group Inc. now owns 2,921,407 shares of the information services provider’s stock valued at $14,754,000 after buying an additional 403,518 shares during the period. Millennium Management LLC purchased a new stake in Meet Group in the 4th quarter valued at about $6,969,000. Finally, State Street Corp raised its holdings in Meet Group by 21.7% in the 2nd quarter. State Street Corp now owns 1,517,691 shares of the information services provider’s stock valued at $7,665,000 after buying an additional 270,948 shares during the period. Hedge funds and other institutional investors own 44.03% of the company’s stock.
ILLEGAL ACTIVITY NOTICE: This report was first published by Markets Daily and is the property of of Markets Daily. If you are viewing this report on another domain, it was illegally copied and reposted in violation of United States & international copyright legislation. The legal version of this report can be viewed at https://www.themarketsdaily.com/2018/03/12/meet-group-inc-meet-expected-to-post-earnings-of-0-07-per-share.html.
About Meet Group
The Meet Group, Inc, formerly MeetMe, Inc, offers a portfolio of mobile applications. The Company operates location-based social networks for meeting new people on mobile platforms, including on iPhone, Android, iPad and other tablets, and on the Web that facilitate interactions among users, and helps users to connect and chat with each other.
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for Meet Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Meet Group and related companies with MarketBeat.com's FREE daily email newsletter.