Zacks: Analysts Expect ANGI Homeservices Inc (ANGI) Will Post Quarterly Sales of $296.53 Million

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Wall Street brokerages expect ANGI Homeservices Inc (NASDAQ:ANGI) to announce sales of $296.53 million for the current quarter, Zacks reports. Five analysts have issued estimates for ANGI Homeservices’ earnings. The highest sales estimate is $297.21 million and the lowest is $295.00 million. ANGI Homeservices posted sales of $181.72 million in the same quarter last year, which suggests a positive year over year growth rate of 63.2%. The company is scheduled to report its next quarterly earnings results on Wednesday, November 14th.

According to Zacks, 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 financial year, analysts anticipate that the business will post sales of $1.40 billion, with estimates ranging from $1.39 billion to $1.41 billion. Zacks’ sales calculations are a mean average based on a survey of research analysts that follow ANGI Homeservices.

ANGI Homeservices (NASDAQ:ANGI) last posted its earnings results on Wednesday, August 8th. The technology company reported $0.05 earnings per share (EPS) for the quarter, beating the 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 company had revenue of $294.80 million for the quarter, compared to analyst estimates of $293.43 million. During the same quarter in the previous year, the firm earned ($0.13) earnings per share. The firm’s quarterly revenue was up 63.1% compared to the same quarter last year.

ANGI has been the topic of several analyst reports. Raymond James lifted their target price on ANGI Homeservices from $20.00 to $25.00 and gave the company an “outperform” rating in a research note on Wednesday, October 3rd. Wedbush initiated coverage on ANGI Homeservices in a research note on Thursday, September 13th. They issued an “outperform” rating and a $26.00 target price on the stock. Zacks Investment Research upgraded ANGI Homeservices from a “sell” rating to a “hold” rating in a research note on Tuesday, July 10th. BidaskClub lowered ANGI Homeservices from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, July 31st. Finally, UBS Group boosted their price target on ANGI Homeservices from $22.00 to $27.00 and gave the stock a “buy” rating in a research note on Wednesday, September 26th. Three investment analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has given a strong buy rating to the company. The company presently has a consensus rating of “Buy” and an average price target of $19.91.

In other news, major shareholder Luxor Capital Group, Lp bought 89,000 shares of the firm’s stock in a transaction that occurred on Friday, September 14th. The stock was purchased at an average price of $23.40 per share, with a total value of $2,082,600.00. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Bowman Angela R. Hicks sold 10,000 shares of ANGI Homeservices 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. Insiders have sold 72,602 shares of company stock worth $1,423,786 in the last 90 days. Insiders own 20.30% of the company’s stock.

Several institutional investors have recently added to or reduced their stakes in the stock. TD Asset Management Inc. lifted its holdings in shares of ANGI Homeservices by 1.8% during the second quarter. TD Asset Management Inc. now owns 204,853 shares of the technology company’s stock worth $3,151,000 after purchasing an additional 3,600 shares during the period. Swiss National Bank lifted its holdings in shares of ANGI Homeservices by 8.2% during the first quarter. Swiss National Bank now owns 64,300 shares of the technology company’s stock worth $873,000 after purchasing an additional 4,900 shares during the period. Cornerstone Wealth Management LLC acquired a new stake in shares of ANGI Homeservices during the second quarter worth about $350,000. Schwab Charles Investment Management Inc. lifted its holdings in shares of ANGI Homeservices by 4.9% during the first quarter. Schwab Charles Investment Management Inc. now owns 159,232 shares of the technology company’s stock worth $2,163,000 after purchasing an additional 7,385 shares during the period. Finally, Ostrum Asset Management acquired a new stake in shares of ANGI Homeservices during the first quarter worth about $102,000. 96.64% of the stock is owned by hedge funds and other institutional investors.

ANGI traded up $0.33 on Wednesday, hitting $19.21. The company had a trading volume of 629,033 shares, compared to its average volume of 742,560. ANGI Homeservices has a 12-month low of $10.24 and a 12-month high of $23.95. The company has a debt-to-equity ratio of 0.24, a current ratio of 2.06 and a quick ratio of 2.06. The firm has a market capitalization of $1.54 billion, a PE ratio of -87.32, a price-to-earnings-growth ratio of 7.96 and a beta of 1.76.

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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