Brokerages Expect Lendingtree Inc (TREE) to Post $1.26 Earnings Per Share

Analysts expect Lendingtree Inc (NASDAQ:TREE) to report earnings per share of $1.26 for the current fiscal quarter, according to Zacks Investment Research. Five analysts have provided estimates for Lendingtree’s earnings, with the highest EPS estimate coming in at $1.50 and the lowest estimate coming in at $0.88. Lendingtree reported earnings of $1.10 per share in the same quarter last year, which suggests a positive year-over-year growth rate of 14.5%. The firm is scheduled to issue its next earnings results on Thursday, April 25th.

On average, analysts expect that Lendingtree will report full-year earnings of $7.90 per share for the current fiscal year, with EPS estimates ranging from $6.51 to $9.21. For the next fiscal year, analysts forecast that the company will post earnings of $10.25 per share, with EPS estimates ranging from $9.62 to $10.95. Zacks’ earnings per share calculations are a mean average based on a survey of research analysts that that provide coverage for Lendingtree.

Lendingtree (NASDAQ:TREE) last announced its quarterly earnings results on Tuesday, February 26th. The financial services provider reported $1.22 earnings per share for the quarter, missing analysts’ consensus estimates of $1.46 by ($0.24). The business had revenue of $202.70 million for the quarter, compared to analyst estimates of $208.14 million. Lendingtree had a net margin of 12.62% and a return on equity of 13.92%. The company’s quarterly revenue was up 25.9% on a year-over-year basis. During the same period last year, the firm earned $0.84 earnings per share.

TREE has been the topic of a number of recent research reports. Oppenheimer set a $300.00 target price on shares of Lendingtree and gave the stock a “buy” rating in a research report on Wednesday, December 5th. ValuEngine raised shares of Lendingtree from a “hold” rating to a “buy” rating in a research report on Thursday, December 6th. Needham & Company LLC initiated coverage on shares of Lendingtree in a research report on Wednesday, December 19th. They set a “buy” rating and a $300.00 target price on the stock. Northland Securities raised shares of Lendingtree from a “market perform” rating to an “outperform” rating in a research report on Friday, December 28th. Finally, Zacks Investment Research cut shares of Lendingtree from a “strong-buy” rating to a “hold” rating in a research report on Saturday, January 5th. Seven research analysts have rated the stock with a hold rating, six have given a buy rating and one has given a strong buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus price target of $311.80.

In related news, Director Steven Ozonian sold 975 shares of Lendingtree stock in a transaction on Wednesday, February 27th. The shares were sold at an average price of $314.98, for a total value of $307,105.50. Following the completion of the sale, the director now owns 6,394 shares in the company, valued at $2,013,982.12. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, President Neil Salvage sold 5,000 shares of Lendingtree stock in a transaction on Wednesday, February 27th. The stock was sold at an average price of $320.00, for a total transaction of $1,600,000.00. Following the completion of the sale, the president now owns 11,025 shares of the company’s stock, valued at approximately $3,528,000. The disclosure for this sale can be found here. In the last 90 days, insiders sold 7,280 shares of company stock valued at $2,332,679. Insiders own 20.50% of the company’s stock.

Several large investors have recently modified their holdings of TREE. Sumitomo Mitsui Trust Holdings Inc. increased its stake in shares of Lendingtree by 48.0% in the third quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 559,424 shares of the financial services provider’s stock worth $128,723,000 after buying an additional 181,491 shares during the last quarter. William Blair Investment Management LLC increased its stake in Lendingtree by 53.3% during the third quarter. William Blair Investment Management LLC now owns 461,906 shares of the financial services provider’s stock valued at $106,285,000 after purchasing an additional 160,617 shares during the last quarter. CI Investments Inc. bought a new stake in Lendingtree during the fourth quarter valued at $24,957,000. ARK Investment Management LLC increased its stake in Lendingtree by 235.5% during the third quarter. ARK Investment Management LLC now owns 147,160 shares of the financial services provider’s stock valued at $33,862,000 after purchasing an additional 103,300 shares during the last quarter. Finally, Jackson Square Partners LLC increased its stake in Lendingtree by 18.5% during the third quarter. Jackson Square Partners LLC now owns 492,932 shares of the financial services provider’s stock valued at $113,423,000 after purchasing an additional 76,892 shares during the last quarter. Institutional investors and hedge funds own 84.38% of the company’s stock.

Shares of NASDAQ TREE traded up $4.29 during trading on Thursday, reaching $335.14. 132,427 shares of the stock were exchanged, compared to its average volume of 186,535. Lendingtree has a twelve month low of $183.25 and a twelve month high of $391.40. The company has a current ratio of 0.89, a quick ratio of 0.89 and a debt-to-equity ratio of 0.72. The stock has a market cap of $4.14 billion, a P/E ratio of 37.74, a PEG ratio of 2.05 and a beta of 2.40.

Lendingtree Company Profile

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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Earnings History and Estimates for Lendingtree (NASDAQ:TREE)

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