ANGI Homeservices Inc (ANGI) Expected to Post Earnings of -$0.01 Per Share

Equities research analysts expect that ANGI Homeservices Inc (NASDAQ:ANGI) will post earnings of ($0.01) per share for the current quarter, according to Zacks. Three analysts have issued estimates for ANGI Homeservices’ earnings. The highest EPS estimate is $0.01 and the lowest is ($0.03). ANGI Homeservices posted earnings of $0.03 per share during the same quarter last year, which would indicate a negative year over year growth rate of 133.3%. The firm is scheduled to report its next earnings results on Tuesday, May 1st.

On average, analysts expect that ANGI Homeservices will report full-year earnings of $0.11 per share for the current fiscal year, with EPS estimates ranging from $0.09 to $0.12. For the next year, analysts expect that the company will report earnings of $0.30 per share, with EPS estimates ranging from $0.26 to $0.34. Zacks’ EPS averages are an average based on a survey of sell-side research firms that follow ANGI Homeservices.

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ANGI Homeservices (NASDAQ:ANGI) last announced its quarterly earnings results on Wednesday, February 7th. The technology company reported ($0.10) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of ($0.03) by ($0.07). The company had revenue of $223.21 million during the quarter, compared to analysts’ expectations of $225.82 million. ANGI Homeservices had a negative net margin of 24.70% and a negative return on equity of 24.06%.

ANGI has been the topic of a number of research reports. ValuEngine cut shares of ANGI Homeservices from a “hold” rating to a “sell” rating in a research note on Wednesday, January 3rd. BidaskClub raised shares of ANGI Homeservices from a “hold” rating to a “buy” rating in a research note on Saturday, January 20th. Oppenheimer reissued a “buy” rating and issued a $14.00 price objective on shares of ANGI Homeservices in a research note on Wednesday, January 3rd. Evercore ISI initiated coverage on shares of ANGI Homeservices in a research note on Tuesday, December 5th. They issued an “in-line” rating and a $12.00 price objective on the stock. Finally, Zacks Investment Research cut shares of ANGI Homeservices from a “hold” rating to a “strong sell” rating in a research note on Wednesday, December 27th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and nine have assigned a buy rating to the stock. The stock presently has an average rating of “Buy” and an average target price of $14.23.

In other news, major shareholder Luxor Capital Group, Lp purchased 3,087,280 shares of the firm’s stock in a transaction on Thursday, March 1st. The shares were bought at an average cost of $14.90 per share, with a total value of $46,000,472.00. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Insiders have acquired a total of 5,329,050 shares of company stock worth $78,639,708 over the last ninety days. 18.20% of the stock is owned by corporate insiders.

Several institutional investors have recently added to or reduced their stakes in ANGI. SG Americas Securities LLC acquired a new stake in shares of ANGI Homeservices during the 3rd quarter worth about $160,000. TD Asset Management Inc. boosted its stake in shares of ANGI Homeservices by 9.8% during the 3rd quarter. TD Asset Management Inc. now owns 201,253 shares of the technology company’s stock worth $2,508,000 after purchasing an additional 18,000 shares during the last quarter. Wells Fargo & Company MN boosted its stake in shares of ANGI Homeservices by 11.6% during the 3rd quarter. Wells Fargo & Company MN now owns 276,918 shares of the technology company’s stock worth $3,451,000 after purchasing an additional 28,764 shares during the last quarter. Schwab Charles Investment Management Inc. boosted its stake in shares of ANGI Homeservices by 34.8% during the 3rd quarter. Schwab Charles Investment Management Inc. now owns 205,910 shares of the technology company’s stock worth $2,566,000 after purchasing an additional 53,140 shares during the last quarter. Finally, BB&T Securities LLC acquired a new stake in shares of ANGI Homeservices during the 3rd quarter worth about $142,000. 93.07% of the stock is currently owned by institutional investors.

Shares of NASDAQ ANGI opened at $13.58 on Monday. The stock has a market capitalization of $856.44, a P/E ratio of -61.73, a price-to-earnings-growth ratio of 4.83 and a beta of 1.34. ANGI Homeservices has a 52 week low of $5.28 and a 52 week high of $15.77. The company has a debt-to-equity ratio of 0.26, a quick ratio of 1.53 and a current ratio of 1.53.

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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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