ANGI Homeservices (ANGI) Releases Quarterly Earnings Results, Beats Expectations By $0.01 EPS

ANGI Homeservices (NASDAQ:ANGI) posted its quarterly earnings results on Wednesday. The technology company reported $0.05 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.04 by $0.01, Briefing.com reports. ANGI Homeservices had a negative net margin of 12.14% and a negative return on equity of 10.01%. The firm had revenue of $303.10 million for the quarter, compared to the consensus estimate of $296.57 million. During the same quarter in the previous year, the company earned ($0.17) earnings per share. The business’s revenue was up 66.8% compared to the same quarter last year.

Shares of NASDAQ ANGI traded down $1.19 during midday trading on Thursday, reaching $17.89. 5,210,879 shares of the company traded hands, compared to its average volume of 764,148. The stock has a market cap of $1.26 billion, a PE ratio of -80.93, a PEG ratio of 6.46 and a beta of 2.20. 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 quick ratio of 2.06 and a current ratio of 2.06.

A number of research firms have weighed in on ANGI. ValuEngine upgraded shares of ANGI Homeservices from a “buy” rating to a “strong-buy” rating in a research note on Thursday, August 9th. Zacks Investment Research upgraded shares of ANGI Homeservices from a “hold” rating to a “buy” rating and set a $22.00 price target on the stock in a research note on Monday, August 13th. BMO Capital Markets lifted their price target on shares of ANGI Homeservices from $16.00 to $19.00 and gave the stock an “outperform” rating in a research note on Friday, August 10th. Nomura began coverage on shares of ANGI Homeservices in a research note on Friday, October 12th. They set a “neutral” rating and a $20.00 price target on the stock. They noted that the move was a valuation call. Finally, BidaskClub downgraded shares of ANGI Homeservices from a “strong-buy” rating to a “buy” rating in a research note on Thursday, October 11th. Three investment analysts have rated the stock with a hold rating, eleven have given a buy rating and one has given a strong buy rating to the stock. The stock has an average rating of “Buy” and an average price target of $19.91.

In related news, major shareholder Luxor Capital Group, Lp acquired 16,000 shares of the business’s stock in a transaction on Monday, October 1st. The stock was bought at an average cost of $23.20 per share, with a total value of $371,200.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Bowman Angela R. Hicks sold 10,000 shares of ANGI Homeservices stock in a transaction on Monday, August 13th. The shares were 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. Over the last three months, insiders have sold 72,607 shares of company stock valued at $1,521,458. Company insiders own 20.30% of the company’s stock.

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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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Earnings History for ANGI Homeservices (NASDAQ:ANGI)

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