Match Group (MTCH) Expected to Announce Earnings on Tuesday

Match Group (NASDAQ:MTCH) is anticipated to issue its quarterly earnings data before the market opens on Tuesday, February 4th. Analysts expect the company to announce earnings of $0.54 per share and revenue of $858,095.00 billion for the quarter. Individual interested in registering for the company’s earnings conference call can do so using this link.

Match Group Price Performance

NASDAQ MTCH opened at $34.99 on Tuesday. The business has a 50 day moving average price of $32.35 and a 200 day moving average price of $34.58. The company has a market capitalization of $8.79 billion, a P/E ratio of 15.62, a PEG ratio of 1.00 and a beta of 1.45. Match Group has a 1-year low of $27.66 and a 1-year high of $39.91.

Match Group Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, January 21st. Shareholders of record on Monday, January 6th were issued a $0.19 dividend. This represents a $0.76 annualized dividend and a yield of 2.17%. The ex-dividend date of this dividend was Monday, January 6th. Match Group’s dividend payout ratio (DPR) is 33.93%.

Match Group announced that its board has approved a stock repurchase program on Wednesday, December 11th that allows the company to repurchase $1.50 billion in outstanding shares. This repurchase authorization allows the technology company to repurchase up to 19% of its stock through open market purchases. Stock repurchase programs are generally a sign that the company’s leadership believes its shares are undervalued.

Analysts Set New Price Targets

Several research firms have weighed in on MTCH. Susquehanna dropped their target price on shares of Match Group from $45.00 to $40.00 and set a “positive” rating for the company in a report on Friday, November 8th. Loop Capital cut their price objective on Match Group from $35.00 to $30.00 and set a “hold” rating for the company in a research report on Thursday, December 12th. Jefferies Financial Group reiterated a “hold” rating and set a $32.00 target price (down previously from $40.00) on shares of Match Group in a report on Tuesday, December 17th. New Street Research cut Match Group from a “buy” rating to a “neutral” rating in a report on Monday, December 16th. Finally, Bank of America increased their price objective on Match Group from $35.00 to $36.00 and gave the company a “neutral” rating in a research note on Thursday, December 12th. Fourteen analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, Match Group currently has a consensus rating of “Moderate Buy” and a consensus target price of $37.72.

Insiders Place Their Bets

In other Match Group news, Director Stephen Bailey sold 801 shares of the business’s stock in a transaction dated Friday, November 22nd. The stock was sold at an average price of $31.61, for a total transaction of $25,319.61. Following the transaction, the director now owns 12,398 shares in the company, valued at $391,900.78. The trade was a 6.07 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.77% of the stock is owned by insiders.

Match Group Company Profile

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.