Match Group (NASDAQ:MTCH) Releases Earnings Results, Beats Estimates By $0.04 EPS

Match Group (NASDAQ:MTCH) issued its quarterly earnings data on Tuesday. The technology company reported $0.44 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.40 by $0.04, Briefing.com reports. The firm had revenue of $860.00 million for the quarter, compared to the consensus estimate of $855.77 million. Match Group had a net margin of 19.36% and a negative return on equity of 313.95%. The company’s quarterly revenue was up 9.3% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.42 EPS.

Match Group Trading Up 1.7 %

NASDAQ:MTCH traded up $0.52 during trading hours on Thursday, reaching $30.34. 2,390,625 shares of the company were exchanged, compared to its average volume of 5,760,284. The stock’s 50-day moving average is $33.77 and its 200-day moving average is $34.34. The firm has a market cap of $8.13 billion, a PE ratio of 13.31, a price-to-earnings-growth ratio of 0.51 and a beta of 1.43. Match Group has a twelve month low of $27.66 and a twelve month high of $49.24.

Wall Street Analysts Forecast Growth

MTCH has been the topic of several research analyst reports. The Goldman Sachs Group dropped their target price on shares of Match Group from $47.00 to $37.00 and set a “buy” rating on the stock in a research report on Thursday. UBS Group boosted their target price on shares of Match Group from $35.00 to $38.00 and gave the stock a “neutral” rating in a research report on Friday, January 26th. Wells Fargo & Company dropped their target price on shares of Match Group from $31.00 to $30.00 and set an “equal weight” rating on the stock in a research report on Thursday. Morgan Stanley downgraded shares of Match Group from an “overweight” rating to an “equal weight” rating and dropped their target price for the stock from $53.00 to $37.00 in a research report on Thursday, April 18th. Finally, StockNews.com raised shares of Match Group from a “hold” rating to a “buy” rating in a research report on Thursday, May 2nd. Eight research analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $42.12.

About Match Group

Match Group, Inc engages in the provision of dating products. Its portfolio of brands includes Tinder, Hinge, Match, Meetic, OkCupid, Pairs, Plenty Of Fish, Azar, BLK, and Hakuna, as well as a various other brands, each built to increase users' likelihood of connecting with others. Its services are available in over 40 languages to users worldwide.