FY2019 EPS Estimates for ANGI Homeservices Inc (NASDAQ:ANGI) Cut by Oppenheimer

ANGI Homeservices Inc (NASDAQ:ANGI) – Research analysts at Oppenheimer reduced their FY2019 EPS estimates for ANGI Homeservices in a research note issued to investors on Friday, November 8th. Oppenheimer analyst J. Helfstein now forecasts that the technology company will earn $0.06 per share for the year, down from their previous estimate of $0.07. Oppenheimer also issued estimates for ANGI Homeservices’ Q4 2019 earnings at $0.00 EPS and FY2020 earnings at $0.05 EPS.

ANGI Homeservices (NASDAQ:ANGI) last issued its quarterly earnings data on Wednesday, November 6th. The technology company reported $0.04 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.03 by $0.01. The firm had revenue of $357.40 million for the quarter, compared to the consensus estimate of $355.59 million. ANGI Homeservices had a net margin of 5.58% and a return on equity of 5.37%. ANGI Homeservices’s quarterly revenue was up 17.9% compared to the same quarter last year. During the same period last year, the firm posted $0.05 EPS.

Several other equities analysts have also recently commented on ANGI. ValuEngine raised shares of ANGI Homeservices from a “hold” rating to a “buy” rating in a research note on Monday. BMO Capital Markets lowered their target price on shares of ANGI Homeservices from $20.00 to $13.00 and set an “outperform” rating on the stock in a research note on Friday, August 9th. Raymond James lowered their target price on shares of ANGI Homeservices from $22.00 to $12.00 and set an “outperform” rating on the stock in a research note on Wednesday, September 4th. Evercore ISI reissued a “hold” rating and set a $11.00 target price on shares of ANGI Homeservices in a research note on Monday, August 12th. Finally, BidaskClub cut shares of ANGI Homeservices from a “sell” rating to a “strong sell” rating in a research note on Wednesday, August 28th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and ten have assigned a buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average price target of $16.35.

ANGI Homeservices stock traded down $0.07 during trading hours on Monday, hitting $7.59. 21,701 shares of the company traded hands, compared to its average volume of 1,481,150. The firm has a market cap of $3.92 billion, a P/E ratio of 50.73 and a beta of 2.07. The company has a quick ratio of 2.20, a current ratio of 2.20 and a debt-to-equity ratio of 0.18. The firm’s 50-day simple moving average is $7.00 and its two-hundred day simple moving average is $11.23. ANGI Homeservices has a 1-year low of $6.39 and a 1-year high of $19.30.

In other news, Director Bowman Angela R. Hicks sold 10,000 shares of ANGI Homeservices stock in a transaction that occurred on Monday, September 16th. The shares were sold at an average price of $7.99, for a total value of $79,900.00. Also, Director Bowman Angela R. Hicks sold 5,000 shares of ANGI Homeservices stock in a transaction that occurred on Tuesday, October 15th. The stock was sold at an average price of $6.65, for a total transaction of $33,250.00. Insiders sold a total of 1,587,858 shares of company stock worth $10,746,885 in the last ninety days. Corporate insiders own 13.10% of the company’s stock.

Several institutional investors and hedge funds have recently made changes to their positions in the company. Juncture Wealth Strategies LLC lifted its position in shares of ANGI Homeservices by 6.3% in the 2nd quarter. Juncture Wealth Strategies LLC now owns 33,489 shares of the technology company’s stock worth $436,000 after buying an additional 1,995 shares during the last quarter. Polianta Ltd bought a new stake in ANGI Homeservices in the 2nd quarter valued at about $1,053,000. SG Americas Securities LLC bought a new stake in ANGI Homeservices in the 2nd quarter valued at about $171,000. Zurcher Kantonalbank Zurich Cantonalbank lifted its position in ANGI Homeservices by 99.2% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 6,144 shares of the technology company’s stock valued at $80,000 after purchasing an additional 3,060 shares during the last quarter. Finally, First Trust Advisors LP bought a new stake in ANGI Homeservices in the 2nd quarter valued at about $341,000. 13.88% of the stock is currently owned by institutional investors.

ANGI Homeservices Company Profile

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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