$261.50 Million in Sales Expected for Lendingtree Inc (NASDAQ:TREE) This Quarter

Equities analysts forecast that Lendingtree Inc (NASDAQ:TREE) will announce sales of $261.50 million for the current quarter, according to Zacks Investment Research. Five analysts have made estimates for Lendingtree’s earnings, with estimates ranging from $255.50 million to $266.38 million. Lendingtree posted sales of $202.67 million in the same quarter last year, which would indicate a positive year over year growth rate of 29%. The company is expected to report its next earnings results on Tuesday, February 25th.

On average, analysts expect that Lendingtree will report full year sales of $1.11 billion for the current financial year, with estimates ranging from $1.11 billion to $1.12 billion. For the next year, analysts expect that the firm will post sales of $1.32 billion, with estimates ranging from $1.30 billion to $1.36 billion. Zacks’ sales averages are a mean average based on a survey of sell-side analysts that follow Lendingtree.

Lendingtree (NASDAQ:TREE) last announced its quarterly earnings data on Wednesday, October 30th. The financial services provider reported $2.25 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.63 by $1.62. The company had revenue of $310.60 million during the quarter, compared to analysts’ expectations of $295.26 million. Lendingtree had a net margin of 1.20% and a return on equity of 14.58%. The business’s revenue was up 57.6% on a year-over-year basis. During the same quarter in the prior year, the company posted $1.92 EPS.

TREE has been the subject of several research analyst reports. Zacks Investment Research raised Lendingtree from a “strong sell” rating to a “hold” rating and set a $264.00 target price for the company in a research note on Friday, September 27th. Oppenheimer reduced their price target on Lendingtree from $415.00 to $400.00 and set an “outperform” rating on the stock in a report on Tuesday, October 22nd. UBS Group upgraded Lendingtree from a “neutral” rating to a “buy” rating and boosted their price target for the stock from $355.00 to $395.00 in a report on Tuesday, September 3rd. SunTrust Banks reduced their price target on Lendingtree to $335.00 and set a “hold” rating on the stock in a report on Tuesday, October 29th. They noted that the move was a valuation call. Finally, Susquehanna Bancshares upgraded Lendingtree from a “neutral” rating to a “positive” rating in a report on Thursday, July 25th. Six research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus target price of $359.33.

Shares of NASDAQ:TREE traded down $0.78 during midday trading on Thursday, hitting $369.94. The stock had a trading volume of 75,000 shares, compared to its average volume of 122,061. The company has a quick ratio of 0.73, a current ratio of 0.73 and a debt-to-equity ratio of 0.67. The company has a market cap of $4.82 billion, a P/E ratio of 41.66, a PEG ratio of 6.10 and a beta of 2.19. Lendingtree has a 12 month low of $199.15 and a 12 month high of $434.94. The business’s 50-day simple moving average is $330.35 and its 200-day simple moving average is $354.79.

In other news, Director Peter Horan sold 500 shares of the business’s stock in a transaction dated Monday, November 11th. The stock was sold at an average price of $364.82, for a total transaction of $182,410.00. Following the sale, the director now directly owns 18,923 shares in the company, valued at $6,903,488.86. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Insiders own 17.90% of the company’s stock.

A number of hedge funds have recently made changes to their positions in TREE. Nikko Asset Management Americas Inc. raised its position in shares of Lendingtree by 44.3% during the third quarter. Nikko Asset Management Americas Inc. now owns 483,539 shares of the financial services provider’s stock worth $150,105,000 after purchasing an additional 148,551 shares during the period. Sumitomo Mitsui Trust Holdings Inc. raised its position in Lendingtree by 44.3% in the 3rd quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 483,539 shares of the financial services provider’s stock valued at $150,105,000 after buying an additional 148,551 shares during the last quarter. Scout Investments Inc. raised its position in Lendingtree by 102.7% in the 3rd quarter. Scout Investments Inc. now owns 134,126 shares of the financial services provider’s stock valued at $41,637,000 after buying an additional 67,957 shares during the last quarter. Emerald Advisers LLC raised its position in Lendingtree by 4.8% in the 3rd quarter. Emerald Advisers LLC now owns 108,051 shares of the financial services provider’s stock valued at $33,542,000 after buying an additional 4,914 shares during the last quarter. Finally, Emerald Mutual Fund Advisers Trust raised its position in Lendingtree by 6.8% in the 3rd quarter. Emerald Mutual Fund Advisers Trust now owns 103,506 shares of the financial services provider’s stock valued at $32,131,000 after buying an additional 6,557 shares during the last quarter. Institutional investors and hedge funds own 80.17% of the company’s stock.

About Lendingtree

LendingTree, Inc, through its subsidiary, LendingTree, LLC, operates an online loan marketplace for consumers seeking loans 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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