Match Group (MTCH) Expected to Announce Earnings on Tuesday

Match Group (NASDAQ:MTCH) will likely be issuing its quarterly earnings data after the market closes on Tuesday, February 4th. Analysts expect the company to announce earnings of $0.84 per share and revenue of $857.93 million for the quarter. Investors interested in listening to the company’s conference call can do so using this link.

Match Group Stock Performance

Shares of MTCH stock opened at $35.70 on Monday. The firm has a market cap of $8.96 billion, a P/E ratio of 15.94, a P/E/G ratio of 1.08 and a beta of 1.45. The business’s 50 day moving average price is $32.80 and its 200-day moving average price is $34.66. Match Group has a fifty-two week low of $27.66 and a fifty-two week high of $39.91.

Match Group Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, January 21st. Shareholders of record on Monday, January 6th were given a dividend of $0.19 per share. This represents a $0.76 dividend on an annualized basis and a yield of 2.13%. The ex-dividend date of this dividend was Monday, January 6th. Match Group’s payout ratio is currently 33.93%.

Match Group announced that its board has approved a stock buyback program on Wednesday, December 11th that authorizes the company to repurchase $1.50 billion in shares. This repurchase authorization authorizes the technology company to purchase up to 19% of its shares through open market purchases. Shares repurchase programs are generally an indication that the company’s management believes its stock is undervalued.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on MTCH shares. Bank of America increased their price target on shares of Match Group from $35.00 to $36.00 and gave the stock a “neutral” rating in a research note on Thursday, December 12th. Piper Sandler reissued an “overweight” rating and issued a $40.00 target price on shares of Match Group in a research report on Thursday, December 12th. New Street Research cut Match Group from a “buy” rating to a “neutral” rating in a research note on Monday, December 16th. KeyCorp dropped their target price on shares of Match Group from $45.00 to $43.00 and set an “overweight” rating on the stock in a report on Tuesday, November 12th. Finally, Stifel Nicolaus lowered their price target on shares of Match Group from $39.00 to $36.00 and set a “hold” rating for the company in a research report on Thursday, December 12th. Fourteen investment analysts have rated the stock with a hold rating, eleven have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $37.72.

Insider Buying and Selling

In other news, Director Stephen Bailey sold 801 shares of the stock in a transaction on 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 directly owns 12,398 shares of the company’s stock, valued at $391,900.78. This represents a 6.07 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 0.77% of the stock is owned by corporate 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.