ANGI Homeservices Inc (NASDAQ:ANGI) Expected to Post Earnings of $0.07 Per Share

Equities research analysts expect that ANGI Homeservices Inc (NASDAQ:ANGI) will announce $0.07 earnings per share (EPS) for the current fiscal quarter, according to Zacks Investment Research. Seven analysts have made estimates for ANGI Homeservices’ earnings, with estimates ranging from $0.07 to $0.09. ANGI Homeservices reported earnings per share of $0.09 during the same quarter last year, which suggests a negative year over year growth rate of 22.2%. The company is scheduled to report its next earnings results on Wednesday, November 6th.

According to Zacks, analysts expect that ANGI Homeservices will report full year earnings of $0.19 per share for the current year, with EPS estimates ranging from $0.16 to $0.21. For the next year, analysts expect that the firm will post earnings of $0.31 per share, with EPS estimates ranging from $0.22 to $0.37. Zacks Investment Research’s earnings per share calculations are a mean average based on a survey of research analysts that that provide coverage for ANGI Homeservices.

ANGI Homeservices (NASDAQ:ANGI) last released its quarterly earnings data on Wednesday, August 7th. The technology company reported $0.01 EPS for the quarter, missing the consensus estimate of $0.02 by ($0.01). ANGI Homeservices had a net margin of 8.15% and a return on equity of 8.11%. The business had revenue of $343.90 million for the quarter, compared to analysts’ expectations of $351.19 million. During the same period last year, the business earned $0.05 earnings per share. The company’s quarterly revenue was up 16.7% on a year-over-year basis.

A number of research firms have recently weighed in on ANGI. Needham & Company LLC reaffirmed a “buy” rating and set a $20.00 price objective (down from $23.00) on shares of ANGI Homeservices in a research report on Tuesday, June 25th. BidaskClub raised ANGI Homeservices from a “strong sell” rating to a “sell” rating in a research note on Friday, July 26th. Nomura reduced their price objective on ANGI Homeservices from $17.00 to $9.00 and set a “neutral” rating on the stock in a research note on Friday. ValuEngine downgraded ANGI Homeservices from a “buy” rating to a “hold” rating in a research note on Thursday. Finally, TheStreet downgraded ANGI Homeservices from a “c-” rating to a “d+” rating in a research note on Monday, June 3rd. One analyst has rated the stock with a sell rating, four have given a hold rating and eleven have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus target price of $20.15.

In related news, CEO William B. Ridenour sold 10,925 shares of the business’s stock in a transaction on Thursday, May 16th. The stock was sold at an average price of $15.45, for a total transaction of $168,791.25. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, COO Craig M. Smith sold 3,823 shares of the business’s stock in a transaction on Monday, July 8th. The shares were sold at an average price of $13.02, for a total value of $49,775.46. The disclosure for this sale can be found here. In the last three months, insiders have sold 1,100,689 shares of company stock worth $15,311,328. Corporate insiders own 13.10% of the company’s stock.

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. FMR LLC boosted its holdings in ANGI Homeservices by 3.4% during the 1st quarter. FMR LLC now owns 12,437,965 shares of the technology company’s stock valued at $192,041,000 after acquiring an additional 409,611 shares during the period. SQN Investors LP boosted its holdings in ANGI Homeservices by 37.3% during the 1st quarter. SQN Investors LP now owns 4,886,483 shares of the technology company’s stock valued at $75,447,000 after acquiring an additional 1,327,312 shares during the period. BlackRock Inc. boosted its holdings in ANGI Homeservices by 73.4% during the 4th quarter. BlackRock Inc. now owns 2,980,384 shares of the technology company’s stock valued at $47,894,000 after acquiring an additional 1,261,879 shares during the period. Janus Henderson Group PLC purchased a new position in ANGI Homeservices during the 2nd quarter valued at $10,410,000. Finally, Millennium Management LLC boosted its holdings in ANGI Homeservices by 223.0% during the 4th quarter. Millennium Management LLC now owns 667,761 shares of the technology company’s stock valued at $10,731,000 after acquiring an additional 461,052 shares during the period. Institutional investors own 14.40% of the company’s stock.

NASDAQ:ANGI traded down $0.53 on Friday, hitting $8.88. The stock had a trading volume of 6,243,169 shares, compared to its average volume of 1,267,758. The stock has a market cap of $6.58 billion, a PE ratio of 59.20, a price-to-earnings-growth ratio of 2.81 and a beta of 1.94. The company has a current ratio of 2.19, a quick ratio of 2.19 and a debt-to-equity ratio of 0.18. The business has a 50-day moving average price of $13.45. ANGI Homeservices has a 52-week low of $8.51 and a 52-week high of $23.95.

About ANGI Homeservices

ANGI Homeservices Inc operates a digital marketplace for home services, connecting millions of homeowners with home service professionals in North America and Europe. Its HomeAdvisor digital marketplace service connects consumers with service professionals for home repair, maintenance, and improvement projects, as well as provides consumers with tools and resources to help them find local, pre-screened, and customer-rated service professionals.

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Earnings History and Estimates for ANGI Homeservices (NASDAQ:ANGI)

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