Match Group (MTCH) Projected to Post Quarterly Earnings on Tuesday

Match Group (NASDAQ:MTCH) is projected to announce its earnings results 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 that are interested in participating in the company’s earnings conference call can do so using this link.

Match Group Stock Up 1.4 %

Shares of MTCH stock opened at $35.70 on Monday. Match Group has a twelve month low of $27.66 and a twelve month high of $39.91. The stock’s fifty day simple moving average is $32.80 and its 200 day simple moving average is $34.66. The firm has a market capitalization 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.

Match Group declared that its Board of Directors has approved a share repurchase program on Wednesday, December 11th that allows the company to buyback $1.50 billion in outstanding shares. This buyback authorization allows the technology company to reacquire up to 19% of its stock through open market purchases. Stock buyback programs are usually an indication that the company’s board believes its shares are undervalued.

Match Group Dividend Announcement

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

Insider Transactions at Match Group

In other news, Director Stephen Bailey sold 801 shares of the stock in a transaction dated Friday, November 22nd. The shares were sold at an average price of $31.61, for a total value of $25,319.61. Following the sale, the director now directly owns 12,398 shares of the company’s stock, valued at approximately $391,900.78. This represents a 6.07 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Corporate insiders own 0.77% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on the stock. Barclays decreased their price objective on shares of Match Group from $55.00 to $53.00 and set an “overweight” rating for the company in a research report on Friday, November 8th. StockNews.com downgraded Match Group from a “buy” rating to a “hold” rating in a report on Friday, November 15th. Truist Financial dropped their price objective on Match Group from $35.00 to $34.00 and set a “hold” rating on the stock in a research note on Thursday, December 12th. Evercore ISI decreased their target price on Match Group from $37.00 to $35.00 and set an “outperform” rating for the company in a research note on Friday, December 13th. Finally, Loop Capital dropped their price target on Match Group from $35.00 to $30.00 and set a “hold” rating on the stock in a research note on Thursday, December 12th. Fourteen equities research analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $37.72.

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.