Wall Street brokerages expect ANGI Homeservices Inc (NASDAQ:ANGI) to announce earnings of $0.09 per share for the current quarter, Zacks reports. Five analysts have made estimates for ANGI Homeservices’ earnings. ANGI Homeservices reported earnings of ($0.02) per share during the same quarter last year, which would indicate a positive year-over-year growth rate of 550%. The business is scheduled to report its next quarterly earnings report on Wednesday, November 14th.
According to Zacks, analysts expect that ANGI Homeservices will report full year earnings of $0.32 per share for the current year. For the next financial year, analysts forecast that the company will post earnings of $0.47 per share. Zacks’ earnings per share averages are an average based on a survey of sell-side analysts that cover ANGI Homeservices.
ANGI Homeservices (NASDAQ:ANGI) last announced its quarterly earnings data on Wednesday, August 8th. The technology company reported $0.05 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.01 by $0.04. ANGI Homeservices had a negative net margin of 12.14% and a negative return on equity of 10.01%. The company had revenue of $294.80 million for the quarter, compared to the consensus estimate of $293.43 million. During the same period in the prior year, the firm posted ($0.13) EPS. ANGI Homeservices’s revenue for the quarter was up 63.1% on a year-over-year basis.
Several brokerages recently commented on ANGI. Nomura began coverage on shares of ANGI Homeservices in a research report on Friday. They set a “neutral” rating and a $20.00 price objective on the stock. They noted that the move was a valuation call. BidaskClub downgraded shares of ANGI Homeservices from a “strong-buy” rating to a “buy” rating in a research report on Thursday. Wedbush reissued an “outperform” rating and set a $26.00 price objective on shares of ANGI Homeservices in a research report on Wednesday. Raymond James increased their price objective on shares of ANGI Homeservices from $20.00 to $25.00 and gave the company an “outperform” rating in a research report on Wednesday, October 3rd. Finally, UBS Group increased their price objective on shares of ANGI Homeservices from $22.00 to $27.00 and gave the company a “buy” rating in a research report on Wednesday, September 26th. Three equities research analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has assigned a strong buy rating to the company’s stock. ANGI Homeservices currently has an average rating of “Buy” and a consensus price target of $19.91.
In other ANGI Homeservices news, Director Bowman Angela R. Hicks sold 26,301 shares of the company’s stock in a transaction dated Wednesday, August 1st. The shares were sold at an average price of $15.42, for a total transaction of $405,561.42. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, major shareholder Luxor Capital Group, Lp bought 89,000 shares of the stock in a transaction on Friday, September 14th. The shares were bought at an average price of $23.40 per share, for a total transaction of $2,082,600.00. The disclosure for this purchase can be found here. Insiders have sold a total of 72,602 shares of company stock worth $1,423,786 in the last 90 days. Company insiders own 20.30% of the company’s stock.
A number of institutional investors and hedge funds have recently bought and sold shares of ANGI. Ostrum Asset Management bought a new position in shares of ANGI Homeservices in the 1st quarter worth approximately $102,000. United Services Automobile Association bought a new position in shares of ANGI Homeservices in the 2nd quarter worth approximately $135,000. Cubist Systematic Strategies LLC bought a new position in shares of ANGI Homeservices in the 2nd quarter worth approximately $168,000. The Manufacturers Life Insurance Company lifted its stake in shares of ANGI Homeservices by 6,005.7% in the 1st quarter. The Manufacturers Life Insurance Company now owns 13,982 shares of the technology company’s stock worth $190,000 after purchasing an additional 13,753 shares during the period. Finally, Granahan Investment Management Inc. MA bought a new position in shares of ANGI Homeservices in the 2nd quarter worth approximately $202,000. Institutional investors and hedge funds own 96.64% of the company’s stock.
ANGI stock traded up $0.33 during trading on Monday, hitting $19.21. 629,033 shares of the stock traded hands, compared to its average volume of 742,560. ANGI Homeservices has a 1 year low of $10.24 and a 1 year high of $23.95. The company has a market capitalization of $1.54 billion, a price-to-earnings ratio of -87.32, a price-to-earnings-growth ratio of 7.96 and a beta of 1.76. 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 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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