Analysts expect that ANGI Homeservices Inc (NASDAQ:ANGI) will report earnings of $0.01 per share for the current fiscal quarter, according to Zacks. Five analysts have provided estimates for ANGI Homeservices’ earnings, with the highest EPS estimate coming in at $0.02 and the lowest estimate coming in at $0.01. ANGI Homeservices posted earnings of ($0.13) per share in the same quarter last year, which indicates a positive year over year growth rate of 107.7%. The firm is expected to announce its next earnings report on Wednesday, July 25th.
On average, analysts expect that ANGI Homeservices will report full year earnings of $0.09 per share for the current financial year, with EPS estimates ranging from $0.08 to $0.10. For the next year, analysts expect that the company will post earnings of $0.25 per share, with EPS estimates ranging from $0.17 to $0.33. Zacks Investment Research’s earnings per share averages are an average based on a survey of research firms that follow ANGI Homeservices.
ANGI Homeservices (NASDAQ:ANGI) last issued its quarterly earnings data on Wednesday, May 9th. The technology company reported ($0.02) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.04) by $0.02. The company had revenue of $255.30 million for the quarter, compared to analyst estimates of $254.55 million. ANGI Homeservices had a negative return on equity of 17.42% and a negative net margin of 20.05%. The business’s quarterly revenue was up 69.4% compared to the same quarter last year. During the same quarter last year, the company posted $0.03 earnings per share.
Several brokerages have issued reports on ANGI. BidaskClub lowered ANGI Homeservices from a “strong-buy” rating to a “buy” rating in a report on Monday, June 18th. Deutsche Bank began coverage on ANGI Homeservices in a report on Wednesday, May 30th. They set a “buy” rating and a $18.00 price objective on the stock. ValuEngine raised ANGI Homeservices from a “sell” rating to a “hold” rating in a report on Wednesday, May 2nd. Wells Fargo & Co reaffirmed a “buy” rating and set a $15.00 price objective on shares of ANGI Homeservices in a report on Sunday, May 6th. Finally, Deutsche Bank began coverage on ANGI Homeservices in a report on Wednesday, May 30th. They set a “buy” rating on the stock. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and twelve have issued a buy rating to the company. The company has a consensus rating of “Buy” and a consensus price target of $14.54.
Shares of ANGI Homeservices opened at $15.00 on Wednesday, MarketBeat reports. The stock has a market cap of $983.54 million, a price-to-earnings ratio of -68.18, a PEG ratio of 6.76 and a beta of 1.35. ANGI Homeservices has a 1 year low of $10.24 and a 1 year high of $16.61. The company has a debt-to-equity ratio of 0.25, a quick ratio of 1.89 and a current ratio of 1.89.
In other ANGI Homeservices news, major shareholder Luxor Capital Group, Lp bought 200,000 shares of the firm’s stock in a transaction dated Thursday, March 29th. The stock was acquired at an average price of $13.54 per share, for a total transaction of $2,708,000.00. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Bowman Angela R. Hicks sold 26,301 shares of the stock in a transaction dated Tuesday, May 1st. The stock was sold at an average price of $13.03, for a total transaction of $342,702.03. The disclosure for this sale can be found here. In the last quarter, insiders have bought 1,570,965 shares of company stock valued at $21,108,543 and have sold 78,903 shares valued at $1,091,492. 20.30% of the stock is currently owned by corporate insiders.
Institutional investors and hedge funds have recently made changes to their positions in the company. Ostrum Asset Management acquired a new stake in ANGI Homeservices in the first quarter valued at about $102,000. D.A. Davidson & CO. acquired a new stake in ANGI Homeservices in the fourth quarter valued at about $119,000. Teacher Retirement System of Texas acquired a new stake in ANGI Homeservices in the fourth quarter valued at about $134,000. The Manufacturers Life Insurance Company lifted its position in ANGI Homeservices by 6,005.7% in the first quarter. The Manufacturers Life Insurance Company now owns 13,982 shares of the technology company’s stock valued at $190,000 after purchasing an additional 13,753 shares during the period. Finally, SG Americas Securities LLC lifted its position in ANGI Homeservices by 44.0% in the fourth quarter. SG Americas Securities LLC now owns 18,515 shares of the technology company’s stock valued at $194,000 after purchasing an additional 5,654 shares during the period. Institutional investors and hedge funds own 96.07% of the company’s stock.
ANGI Homeservices Company Profile
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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