Match Group (MTCH) Set to Announce Quarterly Earnings on Tuesday

Match Group (NASDAQ:MTCH - Get Free Report) is scheduled to be releasing its earnings data after the market closes on Tuesday, May 7th. Analysts expect Match Group to post earnings of $0.41 per share for the quarter. Persons that wish to register for the company's earnings conference call can do so using this link.

Match Group (NASDAQ:MTCH - Get Free Report) last issued its earnings results on Tuesday, January 30th. The technology company reported $0.81 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.49 by $0.32. Match Group had a net margin of 19.36% and a negative return on equity of 313.95%. The firm had revenue of $866.00 million for the quarter, compared to analysts' expectations of $861.31 million. During the same quarter last year, the company posted $0.30 earnings per share. Match Group's revenue was up 10.2% on a year-over-year basis. On average, analysts expect Match Group to post $2 EPS for the current fiscal year and $3 EPS for the next fiscal year.

Match Group Stock Performance

Shares of NASDAQ:MTCH traded down $0.71 during trading hours on Tuesday, hitting $30.82. The stock had a trading volume of 4,450,828 shares, compared to its average volume of 5,625,997. The stock's fifty day simple moving average is $34.27 and its 200 day simple moving average is $34.49. Match Group has a 1-year low of $27.85 and a 1-year high of $49.24. The firm has a market capitalization of $8.26 billion, a price-to-earnings ratio of 13.52, a PEG ratio of 0.51 and a beta of 1.41.

Analyst Upgrades and Downgrades

Several equities research analysts have commented on the stock. Raymond James assumed coverage on shares of Match Group in a research note on Thursday, April 4th. They issued a "market perform" rating on the stock. Piper Sandler restated an "overweight" rating and issued a $45.00 price target on shares of Match Group in a research note on Wednesday, March 27th. Morgan Stanley lowered shares of Match Group from an "overweight" rating to an "equal weight" rating and dropped their price target for the company from $53.00 to $37.00 in a research note on Thursday, April 18th. KeyCorp raised their price target on shares of Match Group from $48.00 to $50.00 and gave the company an "overweight" rating in a research note on Thursday, February 1st. Finally, JPMorgan Chase & Co. lowered their price objective on shares of Match Group from $60.00 to $55.00 and set an "overweight" rating on the stock in a research note on Thursday, February 1st. Nine equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. According to MarketBeat.com, Match Group presently has a consensus rating of "Hold" and an average target price of $43.07.

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.