Lendingtree Inc (TREE) to Post Q1 2019 Earnings of $1.03 Per Share, Oppenheimer Forecasts

Lendingtree Inc (NASDAQ:TREE) – Analysts at Oppenheimer issued their Q1 2019 earnings per share estimates for shares of Lendingtree in a note issued to investors on Wednesday, November 28th. Oppenheimer analyst J. Kelly forecasts that the financial services provider will post earnings of $1.03 per share for the quarter. Oppenheimer also issued estimates for Lendingtree’s Q2 2019 earnings at $1.37 EPS, Q3 2019 earnings at $2.07 EPS and Q4 2019 earnings at $1.62 EPS.

Lendingtree (NASDAQ:TREE) last posted its quarterly earnings results on Thursday, November 1st. The financial services provider reported $1.92 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.31 by $0.61. Lendingtree had a net margin of 12.73% and a return on equity of 12.86%. The firm had revenue of $197.10 million for the quarter, compared to analyst estimates of $199.28 million. During the same period in the prior year, the firm posted $1.17 earnings per share. The company’s quarterly revenue was up 14.9% compared to the same quarter last year.

Several other research firms have also issued reports on TREE. BidaskClub raised shares of Lendingtree from a “sell” rating to a “hold” rating in a research report on Wednesday, September 5th. ValuEngine raised shares of Lendingtree from a “sell” rating to a “hold” rating in a research report on Saturday, September 1st. Northland Securities lowered shares of Lendingtree from an “outperform” rating to a “market perform” rating in a research report on Monday, November 12th. Deutsche Bank dropped their price target on shares of Lendingtree from $290.00 to $270.00 and set a “hold” rating on the stock in a research report on Thursday, August 16th. Finally, Zacks Investment Research raised shares of Lendingtree from a “hold” rating to a “buy” rating and set a $253.00 price target on the stock in a research report on Tuesday, September 25th. Two analysts have rated the stock with a sell rating, eight have given a hold rating and eight have issued a buy rating to the company’s stock. Lendingtree has an average rating of “Hold” and a consensus price target of $330.13.

NASDAQ TREE opened at $265.39 on Monday. The company has a debt-to-equity ratio of 0.66, a quick ratio of 3.33 and a current ratio of 3.33. Lendingtree has a 1 year low of $183.25 and a 1 year high of $404.40. The firm has a market cap of $3.34 billion, a price-to-earnings ratio of 88.08, a PEG ratio of 1.99 and a beta of 2.17.

Several institutional investors and hedge funds have recently modified their holdings of the company. Engineers Gate Manager LP acquired a new position in shares of Lendingtree in the second quarter valued at about $203,000. Alps Advisors Inc. acquired a new position in shares of Lendingtree in the second quarter valued at about $235,000. Sunbelt Securities Inc. acquired a new position in shares of Lendingtree in the second quarter valued at about $243,000. Amalgamated Bank grew its stake in shares of Lendingtree by 35.8% in the second quarter. Amalgamated Bank now owns 1,278 shares of the financial services provider’s stock valued at $273,000 after acquiring an additional 337 shares in the last quarter. Finally, Hsbc Holdings PLC acquired a new position in shares of Lendingtree in the third quarter valued at about $295,000. 86.43% of the stock is currently owned by institutional investors.

In other news, Director Steven Ozonian sold 975 shares of the stock in a transaction dated Friday, November 2nd. The shares were sold at an average price of $247.83, for a total value of $241,634.25. Following the transaction, the director now directly owns 7,344 shares of the company’s stock, valued at $1,820,063.52. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 20.50% of the stock is owned by corporate insiders.

About Lendingtree

LendingTree, Inc engages in the operation of online loan marketplace for consumers seeking loans and other credit-based offerings. It provides mortgage loans, home equity, reverse mortgage, auto loans, credit cards, personal loans, student loans, and small business loans. The company was founded Douglas Lebda in April 2008 and is headquartered in Charlotte, NC.

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Earnings History and Estimates for Lendingtree (NASDAQ:TREE)

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