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MarketScreener Homepage  >  Equities  >  Nasdaq  >  Lendingtree Inc    TREE

LENDINGTREE INC (TREE)
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Lendingtree : Shares of Charlotte-based LendingTree are soaring again after latest earnings report

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10/26/2017 | 06:31pm CEST

Oct. 26--LendingTree shares climbed as much as 20 percent Thursday after the Charlotte-based company reported record third-quarter revenue and increased projections for the year.

The online matchmaker between consumers and lenders said total revenue increased 81 percent from a year ago to $171.1 million. For the full year, LendingTree said it expects revenue between $603 to $608 million, up from previous guidance of between $580 and $590 million.

LendingTree shares have been among the best-performing in the country since the November election, rising more than 165 percent to $221.45 as of Wednesday. In mid-morning trading, they were up more than 14 percent, or $31.38, to $252.82.

Net income in the third quarter was $10.1 million, up from $7.3 million a year ago. Adjusted net income per share was $1.17, compared with the 92 cents per share estimated by analysts surveyed by Zacks Investment Research.

"We believe the momentum in the third quarter sets us up well for exceptional growth and profitability in 2018 and beyond," LendingTree CEO Doug Lebda said in a statement.

The stock resurgence is the latest milestone for a company that has experienced a roller-coaster history since Lebda founded it in 1996. The company nearly flamed out during the dot-com bust in 2001, became part of an internet conglomerate in 2003 and emerged as a standalone company again in 2008 -- just in time for the recession. In recent years, it has been expanding beyond just mortgage-related products.

Rick Rothacker: 704-358-5170, @rickrothacker

___

(c)2017 The Charlotte Observer (Charlotte, N.C.)

Visit The Charlotte Observer (Charlotte, N.C.) at www.charlotteobserver.com

Distributed by Tribune Content Agency, LLC.

© Tribune Content Agency, source Regional News

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Financials ($)
Sales 2018 756 M
EBIT 2018 119 M
Net income 2018 110 M
Finance 2018 44 504 M
Yield 2018 -
P/E ratio 2018 28,03
P/E ratio 2019 35,60
EV / Sales 2018 -55,5x
EV / Sales 2019 -158x
Capitalization 2 554 M
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Mean consensus OUTPERFORM
Number of Analysts 13
Average target price 311 $
Spread / Average Target 41%
EPS Revisions
Managers
NameTitle
Douglas Robert Lebda Chairman & Chief Executive Officer
Neil Salvage President
J. D. Moriarty Chief Financial Officer
Paul Tyma Chief Technology Officer
Peter C. Horan Independent Director
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