MeridianLink (MLNK) Set to Announce Quarterly Earnings on Thursday

MeridianLink (NYSE:MLNK) is scheduled to release its earnings data after the market closes on Thursday, November 7th. Analysts expect MeridianLink to post earnings of $0.09 per share for the quarter. MeridianLink has set its FY 2024 guidance at EPS and its Q3 2024 guidance at EPS.Individual that wish to listen to the company’s earnings conference call can do so using this link.

MeridianLink (NYSE:MLNK) last released its earnings results on Thursday, August 8th. The company reported $0.04 EPS for the quarter, missing analysts’ consensus estimates of $0.08 by ($0.04). The business had revenue of $78.70 million for the quarter, compared to analyst estimates of $78.08 million. MeridianLink had a negative return on equity of 7.62% and a negative net margin of 15.16%. MeridianLink’s revenue was up 4.4% on a year-over-year basis. During the same period in the prior year, the firm posted ($0.06) EPS. On average, analysts expect MeridianLink to post $0 EPS for the current fiscal year and $0 EPS for the next fiscal year.

MeridianLink Stock Performance

MLNK stock opened at $23.31 on Wednesday. The company has a quick ratio of 2.04, a current ratio of 2.04 and a debt-to-equity ratio of 1.06. MeridianLink has a twelve month low of $16.49 and a twelve month high of $25.88. The business’s fifty day moving average is $22.08 and its 200-day moving average is $20.98. The company has a market cap of $1.77 billion, a P/E ratio of -38.21 and a beta of 0.98.

Analyst Upgrades and Downgrades

MLNK has been the subject of several analyst reports. UBS Group boosted their target price on MeridianLink from $17.00 to $18.00 and gave the stock a “sell” rating in a research report on Tuesday, August 13th. Stifel Nicolaus upped their target price on shares of MeridianLink from $18.00 to $22.00 and gave the company a “hold” rating in a research note on Friday, August 9th. Finally, Barclays lifted their price target on shares of MeridianLink from $18.00 to $20.00 and gave the stock an “underweight” rating in a research report on Friday, August 9th. Two research analysts have rated the stock with a sell rating, three have issued a hold rating and one has issued a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $20.50.

Insider Activity

In related news, major shareholder Thoma Bravo Ugp, Llc sold 650,000 shares of the business’s stock in a transaction on Friday, October 18th. The shares were sold at an average price of $21.05, for a total value of $13,682,500.00. Following the sale, the insider now directly owns 28,932,388 shares of the company’s stock, valued at approximately $609,026,767.40. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Corporate insiders own 21.30% of the company’s stock.

MeridianLink Company Profile

MeridianLink, Inc, a software and services company, provides software solutions for banks, credit unions, mortgage lenders, specialty lending providers, and consumer reporting agencies in the United States. The company offers MeridianLink One, a multi-product platform that can be tailored to meet the needs of customers as they digitally transform their organizations and adapt to changing business and consumer demands; MeridianLink Portal, a Point of Sale system that allows financial institutions to expand existing lending and deposit account; MeridianLink Opening, a cloud-based online account opening and deposit software solution; MeridianLink Consumer, a full loan solution suite to banks and credit unions; and MeridianLink DecisionLender, a loan origination software (LOS) for finance companies.