LendingTree (TREE) Set to Announce Quarterly Earnings on Thursday

LendingTree (NASDAQ:TREE) 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. Individual that are interested in participating in the company’s earnings conference call can do so using this link.

LendingTree (NASDAQ:TREE) last issued its quarterly earnings data on Thursday, July 25th. The financial services provider reported $0.54 earnings per share for the quarter, missing the consensus estimate of $0.73 by ($0.19). LendingTree had a negative net margin of 19.02% and a negative return on equity of 2.98%. The company had revenue of $210.10 million for the quarter, compared to the consensus estimate of $187.41 million. During the same quarter last year, the business posted $0.43 earnings per share. LendingTree’s revenue was up 15.1% on a year-over-year basis. On average, analysts expect LendingTree to post $0 EPS for the current fiscal year and $1 EPS for the next fiscal year.

LendingTree Price Performance

Shares of NASDAQ:TREE opened at $52.17 on Thursday. The company has a current ratio of 1.82, a quick ratio of 1.82 and a debt-to-equity ratio of 3.21. The stock’s fifty day simple moving average is $56.32 and its two-hundred day simple moving average is $48.45. LendingTree has a 1-year low of $10.12 and a 1-year high of $62.49. The stock has a market cap of $695.95 million, a PE ratio of -5.33 and a beta of 2.12.

Analyst Upgrades and Downgrades

Several brokerages have weighed in on TREE. Susquehanna raised their price objective on LendingTree from $42.00 to $50.00 and gave the company a “neutral” rating in a research note on Friday, July 26th. StockNews.com upgraded LendingTree from a “hold” rating to a “buy” rating in a research note on Thursday, October 17th. Oppenheimer lifted their target price on LendingTree from $55.00 to $65.00 and gave the stock an “outperform” rating in a research note on Tuesday, July 30th. Needham & Company LLC lifted their target price on LendingTree from $56.00 to $67.00 and gave the stock a “buy” rating in a research note on Friday, July 26th. Finally, Northland Securities lifted their target price on LendingTree from $50.00 to $60.00 and gave the stock a “market perform” rating in a research note on Friday, July 26th. Two investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $58.13.

About LendingTree

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.