Grindr (GRND) Set to Announce Quarterly Earnings on Thursday

Grindr (NYSE:GRND) is scheduled to be releasing its earnings data after the market closes on Thursday, May 9th. Analysts expect Grindr to post earnings of $0.03 per share for the quarter. Parties that are interested in registering for the company’s conference call can do so using this link.

Grindr (NYSE:GRND) last posted its quarterly earnings results on Monday, March 11th. The company reported $0.04 earnings per share for the quarter. Grindr had a positive return on equity of 101.02% and a negative net margin of 21.48%. The firm had revenue of $72.09 million during the quarter. On average, analysts expect Grindr to post $0 EPS for the current fiscal year and $0 EPS for the next fiscal year.

Grindr Trading Up 1.1 %

Shares of Grindr stock opened at $10.57 on Wednesday. The stock has a market cap of $1.85 billion, a P/E ratio of -33.03 and a beta of 0.30. The company has a quick ratio of 1.18, a current ratio of 1.18 and a debt-to-equity ratio of 13.21. Grindr has a 12-month low of $4.49 and a 12-month high of $11.13. The business’s 50 day moving average is $9.83 and its 200-day moving average is $8.46.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on GRND shares. Raymond James started coverage on shares of Grindr in a research report on Thursday, April 4th. They issued an “outperform” rating and a $14.00 price objective for the company. TD Cowen started coverage on Grindr in a report on Thursday, March 28th. They set a “buy” rating and a $12.00 price target for the company. Finally, JMP Securities restated a “market outperform” rating and issued a $14.00 price objective on shares of Grindr in a research note on Monday, April 22nd.

About Grindr

Grindr Inc operates social network and dating application for the lesbian, gay, bisexual, transgender, and queer (LGBTQ) communities worldwide. Its platform enables LGBTQ people to find and engage with each other, share content and experiences, and express themselves. The company offers ad-supported service and a premium subscription version.