LendingTree (NASDAQ:TREE - Get Free Report) is set to post its quarterly earnings results after the market closes on Thursday, October 31st. Analysts expect LendingTree to post earnings of $0.67 per share for the quarter. Parties that wish to register for the company's conference call can do so using this link.
LendingTree (NASDAQ:TREE - Get Free Report) last issued its quarterly earnings results on Thursday, July 25th. The financial services provider reported $0.54 earnings per share for the quarter, missing analysts' consensus estimates of $0.73 by ($0.19). The business had revenue of $210.10 million for the quarter, compared to analyst estimates of $187.41 million. LendingTree had a negative return on equity of 2.98% and a negative net margin of 19.02%. The business's revenue was up 15.1% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.43 earnings per share. On average, analysts expect LendingTree to post $0 EPS for the current fiscal year and $1 EPS for the next fiscal year.
LendingTree Trading Up 3.0 %
Shares of NASDAQ:TREE traded up $1.57 during midday trading on Thursday, reaching $53.74. The company's stock had a trading volume of 213,210 shares, compared to its average volume of 224,056. LendingTree has a fifty-two week low of $10.12 and a fifty-two week high of $62.49. The company has a debt-to-equity ratio of 3.21, a quick ratio of 1.82 and a current ratio of 1.82. The firm has a 50 day moving average price of $56.40 and a two-hundred day moving average price of $48.49. The firm has a market capitalization of $710.71 million, a price-to-earnings ratio of -5.18 and a beta of 2.12.
Analyst Upgrades and Downgrades
Several equities analysts have issued reports on TREE shares. Northland Securities boosted their price target on LendingTree from $50.00 to $60.00 and gave the company a "market perform" rating in a research note on Friday, July 26th. Truist Financial lifted their price objective on shares of LendingTree from $55.00 to $60.00 and gave the company a "buy" rating in a research note on Friday, July 26th. Needham & Company LLC increased their target price on shares of LendingTree from $56.00 to $67.00 and gave the stock a "buy" rating in a research note on Friday, July 26th. Oppenheimer raised their price target on shares of LendingTree from $55.00 to $65.00 and gave the stock an "outperform" rating in a report on Tuesday, July 30th. Finally, StockNews.com upgraded shares of LendingTree from a "hold" rating to a "buy" rating in a report on Thursday, October 17th. Two research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus target price of $58.13.
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LendingTree Company Profile
(
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LendingTree, Inc, through its subsidiary, operates online consumer platform in the United States. It operates through three segments: Home, Consumer, and Insurance. The Home segment offers purchase mortgage, refinance mortgage, and home equity loans and lines of credit; and real estate brokerage services.
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