ANGI Homeservices Inc. (ANGI) Expected to Post Quarterly Sales of $256.16 Million

Wall Street analysts expect ANGI Homeservices Inc. (NASDAQ:ANGI) to report $256.16 million in sales for the current quarter, Zacks Investment Research reports. Three analysts have issued estimates for ANGI Homeservices’ earnings. The lowest sales estimate is $254.80 million and the highest is $257.79 million. ANGI Homeservices reported sales of $73.13 million during the same quarter last year, which indicates a positive year-over-year growth rate of 250.3%. The firm is expected to report its next quarterly earnings results on Tuesday, May 1st.

On average, analysts expect that ANGI Homeservices will report full-year sales of $256.16 million for the current fiscal year, with estimates ranging from $1.12 billion to $1.17 billion. For the next fiscal year, analysts forecast that the company will report sales of $1.44 billion per share, with estimates ranging from $1.38 billion to $1.47 billion. Zacks’ sales calculations are a mean average based on a survey of research analysts that follow ANGI Homeservices.

A number of equities research analysts have recently issued reports on ANGI shares. Zacks Investment Research raised shares of ANGI Homeservices from a “hold” rating to a “buy” rating and set a $14.00 price objective for the company in a research report on Wednesday, November 1st. Evercore ISI started coverage on shares of ANGI Homeservices in a research report on Tuesday, December 5th. They set an “in-line” rating and a $12.00 price objective for the company. Wells Fargo & Co reissued a “buy” rating on shares of ANGI Homeservices in a research report on Tuesday, December 5th. BidaskClub downgraded shares of ANGI Homeservices from a “hold” rating to a “sell” rating in a research report on Thursday, December 14th. Finally, ValuEngine downgraded shares of ANGI Homeservices from a “hold” rating to a “sell” rating in a research report on Wednesday, January 3rd. One analyst has rated the stock with a sell rating, five have issued a hold rating, seven have issued a buy rating and one has given a strong buy rating to the stock. ANGI Homeservices has a consensus rating of “Buy” and an average target price of $13.65.

Shares of ANGI Homeservices (NASDAQ ANGI) traded up $0.18 during mid-day trading on Monday, hitting $14.02. 681,532 shares of the stock were exchanged, compared to its average volume of 818,969. ANGI Homeservices has a 12-month low of $10.24 and a 12-month high of $14.33. The company has a debt-to-equity ratio of 0.26, a quick ratio of 0.57 and a current ratio of 1.53. The company has a market cap of $867.16, a P/E ratio of -35.95, a price-to-earnings-growth ratio of 4.92 and a beta of 1.54.

Institutional investors have recently modified their holdings of the stock. D.A. Davidson & CO. purchased a new stake in ANGI Homeservices in the 4th quarter worth $119,000. BB&T Securities LLC purchased a new stake in ANGI Homeservices in the 3rd quarter worth $142,000. Brown Advisory Inc. purchased a new stake in ANGI Homeservices in the 3rd quarter worth $147,000. Teacher Retirement System of Texas purchased a new stake in ANGI Homeservices in the 4th quarter worth $134,000. Finally, SG Americas Securities LLC purchased a new stake in ANGI Homeservices in the 3rd quarter worth $160,000. 68.89% of the stock is owned by institutional investors.

TRADEMARK VIOLATION NOTICE: “ANGI Homeservices Inc. (ANGI) Expected to Post Quarterly Sales of $256.16 Million” was published by Dispatch Tribunal and is owned by of Dispatch Tribunal. If you are viewing this story on another website, it was illegally copied and republished in violation of US & international copyright and trademark laws. The original version of this story can be read at https://www.dispatchtribunal.com/2018/02/18/angi-homeservices-inc-angi-expected-to-post-quarterly-sales-of-256-16-million.html.

ANGI Homeservices Company Profile

ANGI Homeservices Inc is focused on creating digital marketplace for home services, connecting homeowners across the globe with home service professionals. The Company operates 10 brands including Angie’s List, HomeAdvisor, HomeStars, Instapro, MyBuilder, MyHammer, Travaux, Werkspot, CraftJack and mHelpDesk.

Get a free copy of the Zacks research report on ANGI Homeservices (ANGI)

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.

Leave a Reply