Brokerages expect ANGI Homeservices Inc (NASDAQ:ANGI) to report sales of $296.36 million for the current quarter, according to Zacks Investment Research. Four analysts have provided estimates for ANGI Homeservices’ earnings. The highest sales estimate is $297.20 million and the lowest is $295.00 million. ANGI Homeservices posted sales of $181.72 million during the same quarter last year, which suggests a positive year over year growth rate of 63.1%. The company is scheduled to report its next quarterly earnings results on Wednesday, November 14th.
On average, analysts expect that ANGI Homeservices will report full-year sales of $1.13 billion for the current fiscal year, with estimates ranging from $1.12 billion to $1.13 billion. For the next fiscal year, analysts anticipate that the firm 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 analysts that follow ANGI Homeservices.
ANGI Homeservices (NASDAQ:ANGI) last announced its quarterly earnings results on Wednesday, August 8th. The technology company reported $0.05 earnings per share for the quarter, beating analysts’ consensus estimates 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 during the quarter, compared to analysts’ expectations of $293.43 million. During the same quarter last year, the business posted ($0.13) earnings per share. The business’s revenue for the quarter was up 63.1% on a year-over-year basis.
ANGI has been the subject of a number of research analyst reports. BidaskClub cut ANGI Homeservices from a “strong-buy” rating to a “buy” rating in a research report on Sunday, June 24th. ValuEngine upgraded ANGI Homeservices from a “hold” rating to a “buy” rating in a research report on Friday, June 1st. Deutsche Bank began coverage on ANGI Homeservices in a research report on Wednesday, May 30th. They set a “buy” rating and a $18.00 price objective for the company. Deutsche Bank began coverage on ANGI Homeservices in a research report on Wednesday, May 30th. They set a “buy” rating for the company. Finally, Zacks Investment Research upgraded ANGI Homeservices from a “hold” rating to a “buy” rating and set a $22.00 price objective for the company in a research report on Monday, August 13th. Two equities research analysts have rated the stock with a hold rating, eleven have issued a buy rating and two have assigned a strong buy rating to the company. The stock has a consensus rating of “Buy” and a consensus target price of $17.73.
In other ANGI Homeservices news, Director Bowman Angela R. Hicks sold 26,301 shares of the firm’s stock in a transaction dated Wednesday, August 1st. The stock was sold at an average price of $15.42, for a total value of $405,561.42. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Bowman Angela R. Hicks sold 10,000 shares of the firm’s stock in a transaction dated 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. In the last quarter, insiders have sold 62,602 shares of company stock valued at $1,012,175. 20.30% of the stock is currently owned by company insiders.
A number of large investors have recently modified their holdings of the business. Luxor Capital Group LP boosted its stake in ANGI Homeservices by 124.4% in the 1st quarter. Luxor Capital Group LP now owns 11,655,630 shares of the technology company’s stock worth $158,283,000 after buying an additional 6,462,395 shares during the last quarter. FMR LLC boosted its stake in ANGI Homeservices by 2.5% in the 2nd quarter. FMR LLC now owns 9,699,570 shares of the technology company’s stock worth $149,179,000 after buying an additional 239,681 shares during the last quarter. Stephens Investment Management Group LLC boosted its stake in ANGI Homeservices by 10.4% in 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 buying an additional 264,171 shares during the last quarter. Stonehill Capital Management LLC acquired a new stake in ANGI Homeservices in the 1st quarter worth about $17,675,000. Finally, BlackRock Inc. boosted its stake in ANGI Homeservices by 2.7% in the 2nd quarter. BlackRock Inc. now owns 1,015,926 shares of the technology company’s stock worth $15,624,000 after buying an additional 26,737 shares during the last quarter. 96.69% of the stock is currently owned by hedge funds and other institutional investors.
Shares of ANGI stock traded up $0.84 during mid-day trading on Thursday, reaching $23.32. The stock had a trading volume of 851,200 shares, compared to its average volume of 731,397. ANGI Homeservices has a 12-month low of $10.24 and a 12-month high of $23.47. The stock has a market cap of $1.45 billion, a P/E ratio of -106.00, a P/E/G ratio of 7.71 and a beta of 1.78. The company has a quick ratio of 2.06, a current ratio of 2.06 and a debt-to-equity ratio of 0.24.
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.
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