Analysts expect ANGI Homeservices Inc (NASDAQ:ANGI) to post $296.36 million in sales for the current fiscal quarter, Zacks reports. Four analysts have made estimates for ANGI Homeservices’ earnings, with estimates ranging from $295.00 million to $297.20 million. ANGI Homeservices reported sales of $181.72 million during the same quarter last year, which would suggest a positive year over year growth rate of 63.1%. The firm is expected to issue its next quarterly earnings report on Wednesday, November 14th.
On average, analysts expect that ANGI Homeservices will report full year sales of $1.13 billion for the current financial year, with estimates ranging from $1.12 billion to $1.13 billion. For the next year, analysts forecast that the business will post sales of $1.39 billion per share, with estimates ranging from $1.39 billion to $1.40 billion. Zacks Investment Research’s sales averages are a mean average based on a survey of sell-side research firms that that provide coverage for ANGI Homeservices.
ANGI Homeservices (NASDAQ:ANGI) last posted its earnings results on Wednesday, August 8th. The technology company reported $0.05 EPS for the quarter, topping the Zacks’ consensus estimate of $0.01 by $0.04. ANGI Homeservices had a negative return on equity of 10.01% and a negative net margin of 12.14%. The business had revenue of $294.80 million for the quarter, compared to analysts’ expectations of $293.43 million. During the same quarter in the previous year, the firm earned ($0.13) earnings per share. The business’s revenue was up 63.1% compared to the same quarter last year.
A number of research firms have recently commented on ANGI. BidaskClub cut ANGI Homeservices from a “strong-buy” rating to a “buy” rating in a research report on Sunday, June 24th. Zacks Investment Research upgraded ANGI Homeservices from a “sell” rating to a “hold” rating in a research report on Tuesday, July 10th. ValuEngine upgraded ANGI Homeservices from a “buy” rating to a “strong-buy” rating in a research report on Thursday, August 9th. BMO Capital Markets boosted their price target on ANGI Homeservices from $16.00 to $19.00 and gave the company an “outperform” rating in a research report on Friday, August 10th. Finally, Guggenheim started coverage on ANGI Homeservices in a research report on Thursday, June 28th. They issued a “neutral” rating on the stock. Two analysts have rated the stock with a hold rating, ten have issued a buy rating and two have assigned a strong buy rating to the company. ANGI Homeservices presently has an average rating of “Buy” and an average target price of $16.90.
In other ANGI Homeservices news, Director Bowman Angela R. Hicks sold 26,301 shares of the business’s stock in a transaction that occurred on Monday, July 2nd. The stock was sold at an average price of $15.46, for a total transaction of $406,613.46. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Bowman Angela R. Hicks sold 10,000 shares of the business’s stock in a transaction that occurred on Monday, August 13th. The stock was sold at an average price of $20.00, for a total value of $200,000.00. The disclosure for this sale can be found here. Insiders sold a total of 62,602 shares of company stock worth $1,012,175 in the last 90 days. 20.30% of the stock is currently owned by insiders.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Luxor Capital Group LP increased its position in ANGI Homeservices by 124.4% during the 1st quarter. Luxor Capital Group LP now owns 11,655,630 shares of the technology company’s stock worth $158,283,000 after purchasing an additional 6,462,395 shares during the period. FMR LLC increased its position in ANGI Homeservices by 2.5% during the 2nd quarter. FMR LLC now owns 9,699,570 shares of the technology company’s stock worth $149,179,000 after purchasing an additional 239,681 shares during the period. Stephens Investment Management Group LLC increased its position in ANGI Homeservices by 10.4% during the 1st quarter. Stephens Investment Management Group LLC now owns 2,808,821 shares of the technology company’s stock worth $38,144,000 after purchasing an additional 264,171 shares during the period. Stonehill Capital Management LLC acquired a new position in ANGI Homeservices during the 1st quarter worth approximately $17,675,000. Finally, BlackRock Inc. increased its position in ANGI Homeservices by 2.7% during the 2nd quarter. BlackRock Inc. now owns 1,015,926 shares of the technology company’s stock worth $15,624,000 after purchasing an additional 26,737 shares during the period. Institutional investors own 96.69% of the company’s stock.
ANGI opened at $20.83 on Thursday. The company has a debt-to-equity ratio of 0.24, a quick ratio of 2.06 and a current ratio of 2.06. ANGI Homeservices has a one year low of $10.24 and a one year high of $22.51. The stock has a market cap of $1.42 billion, a PE ratio of -96.86, a PEG ratio of 7.53 and a beta of 1.76.
About ANGI Homeservices
ANGI Homeservices Inc owns and operates the HomeAdvisor digital marketplace service to connect consumers with service professionals for home repair, maintenance, and improvement projects. The company operates through two segments, North America and Europe. Its marketplace provides consumers with tools and resources to help them find local, pre-screened, and customer-rated service professionals, as well as book appointments with those professionals online or connect with them by telephone; and offers several home services-related resources.
Read More: Earnings Per Share
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for ANGI Homeservices Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for ANGI Homeservices and related companies with MarketBeat.com's FREE daily email newsletter.