$150.22 Million in Sales Expected for Lendingtree Inc (TREE) This Quarter

Equities analysts expect that Lendingtree Inc (NASDAQ:TREE) will report sales of $150.22 million for the current quarter, according to Zacks. Four analysts have issued estimates for Lendingtree’s earnings, with the highest sales estimate coming in at $152.00 million and the lowest estimate coming in at $148.50 million. Lendingtree posted sales of $100.84 million in the same quarter last year, which suggests a positive year over year growth rate of 49%. The company is scheduled to report its next earnings results on Thursday, February 22nd.

On average, analysts expect that Lendingtree will report full-year sales of $150.22 million for the current financial year, with estimates ranging from $605.28 million to $608.80 million. For the next year, analysts anticipate that the firm will report sales of $782.85 million per share, with estimates ranging from $780.70 million to $785.00 million. Zacks’ sales calculations are an average based on a survey of research firms that cover Lendingtree.

Lendingtree (NASDAQ:TREE) last posted its quarterly earnings data on Thursday, October 26th. The financial services provider reported $1.17 earnings per share for the quarter, topping the consensus estimate of $0.97 by $0.20. Lendingtree had a return on equity of 16.52% and a net margin of 5.49%. The business had revenue of $171.50 million during the quarter, compared to analysts’ expectations of $157.97 million. During the same quarter in the previous year, the firm earned $0.80 EPS. The firm’s revenue was up 81.3% compared to the same quarter last year.

Several equities analysts recently weighed in on the company. Stephens reissued an “overweight” rating and set a $375.00 price objective (up previously from $300.00) on shares of Lendingtree in a research report on Monday, December 18th. Zacks Investment Research cut Lendingtree from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, December 27th. Guggenheim set a $360.00 price objective on Lendingtree and gave the stock a “buy” rating in a research report on Thursday, December 14th. BidaskClub raised Lendingtree from a “buy” rating to a “strong-buy” rating in a research report on Friday, December 15th. Finally, Needham & Company LLC boosted their price objective on Lendingtree from $300.00 to $375.00 and gave the stock a “buy” rating in a research report on Thursday, December 14th. One investment analyst has rated the stock with a sell rating, one has issued a hold rating, eleven have assigned a buy rating and one has assigned a strong buy rating to the stock. The stock has a consensus rating of “Buy” and an average price target of $278.08.

In other Lendingtree news, CEO Douglas R. Lebda sold 8,000 shares of the company’s stock in a transaction that occurred on Thursday, December 27th. The stock was sold at an average price of $338.81, for a total value of $2,710,480.00. Following the completion of the transaction, the chief executive officer now owns 379,327 shares of the company’s stock, valued at approximately $128,519,780.87. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CEO Douglas R. Lebda sold 4,000 shares of the company’s stock in a transaction that occurred on Wednesday, October 25th. The shares were sold at an average price of $222.64, for a total value of $890,560.00. Following the completion of the transaction, the chief executive officer now directly owns 484,992 shares of the company’s stock, valued at approximately $107,978,618.88. The disclosure for this sale can be found here. In the last ninety days, insiders sold 125,374 shares of company stock valued at $37,115,606. Insiders own 21.90% of the company’s stock.

Institutional investors have recently bought and sold shares of the business. Invictus RG acquired a new position in Lendingtree in the 3rd quarter valued at approximately $104,000. Advisor Group Inc. raised its holdings in Lendingtree by 61.7% in the 3rd quarter. Advisor Group Inc. now owns 527 shares of the financial services provider’s stock valued at $128,000 after acquiring an additional 201 shares in the last quarter. Aperio Group LLC acquired a new position in Lendingtree in the 3rd quarter valued at approximately $201,000. SG Americas Securities LLC acquired a new position in Lendingtree in the 2nd quarter valued at approximately $148,000. Finally, Amalgamated Bank acquired a new position in Lendingtree in the 3rd quarter valued at approximately $217,000. 71.68% of the stock is owned by hedge funds and other institutional investors.

Lendingtree (NASDAQ TREE) traded up $11.20 during midday trading on Thursday, hitting $383.70. The company had a trading volume of 209,269 shares, compared to its average volume of 129,254. Lendingtree has a fifty-two week low of $103.80 and a fifty-two week high of $384.26. The company has a quick ratio of 3.86, a current ratio of 3.86 and a debt-to-equity ratio of 0.78. The firm has a market cap of $4,592.51, a PE ratio of 168.29, a PEG ratio of 2.28 and a beta of 1.54.

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Lendingtree Company Profile

LendingTree, Inc (LendingTree) is engaged in operating an online loan marketplace for consumers seeking loans and other credit-based offerings. The Company’s online marketplace provides consumers with access to product offerings from various lenders, which it refers to as Network Lenders, including mortgage loans, home equity loans and lines of credit, reverse mortgage loans, auto loans, credit cards, personal loans, student loans, small business loans and other related offerings.

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