Brokerages expect ANGI Homeservices Inc (NASDAQ:ANGI) to announce $307.04 million in sales for the current fiscal quarter, according to Zacks Investment Research. Six analysts have made estimates for ANGI Homeservices’ earnings, with the highest sales estimate coming in at $314.30 million and the lowest estimate coming in at $304.72 million. ANGI Homeservices reported sales of $255.31 million in the same quarter last year, which indicates a positive year over year growth rate of 20.3%. The company is expected to issue its next earnings report after the market closes on Wednesday, May 8th.
According to Zacks, analysts expect that ANGI Homeservices will report full year sales of $1.37 billion for the current financial year, with estimates ranging from $1.37 billion to $1.39 billion. For the next year, analysts forecast that the business will report sales of $1.70 billion, with estimates ranging from $1.64 billion to $1.72 billion. Zacks Investment Research’s sales calculations are a mean average based on a survey of research analysts that follow ANGI Homeservices.
ANGI Homeservices (NASDAQ:ANGI) last posted its quarterly earnings data on Thursday, February 7th. The technology company reported $0.07 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.03 by $0.04. ANGI Homeservices had a return on equity of 6.96% and a net margin of 6.83%. The firm had revenue of $279.00 million during the quarter, compared to analysts’ expectations of $281.28 million. During the same period in the prior year, the business earned ($0.06) EPS. The company’s revenue for the quarter was up 25.1% compared to the same quarter last year.
Shares of ANGI traded down $0.18 during midday trading on Friday, reaching $15.83. The stock had a trading volume of 1,002,499 shares, compared to its average volume of 870,984. ANGI Homeservices has a 12-month low of $12.65 and a 12-month high of $23.95. The company has a current ratio of 2.36, a quick ratio of 2.36 and a debt-to-equity ratio of 0.19. The stock has a market capitalization of $7.98 billion, a P/E ratio of 105.53, a PEG ratio of 3.54 and a beta of 2.19.
In other news, COO Craig M. Smith sold 154,036 shares of the business’s stock in a transaction dated Monday, March 4th. The stock was sold at an average price of $16.54, for a total value of $2,547,755.44. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, COO Craig M. Smith sold 4,003 shares of the business’s stock in a transaction dated Monday, April 15th. The shares were sold at an average price of $15.64, for a total value of $62,606.92. The disclosure for this sale can be found here. In the last three months, insiders sold 472,313 shares of company stock valued at $7,719,142. 20.30% of the stock is currently owned by corporate insiders.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in ANGI. FMR LLC raised its position in ANGI Homeservices by 41.0% during the 4th quarter. FMR LLC now owns 12,028,354 shares of the technology company’s stock valued at $193,297,000 after purchasing an additional 3,497,745 shares during the last quarter. Vanguard Group Inc. raised its position in ANGI Homeservices by 2.7% during the 3rd quarter. Vanguard Group Inc. now owns 4,985,047 shares of the technology company’s stock valued at $117,049,000 after purchasing an additional 133,122 shares during the last quarter. Vanguard Group Inc raised its position in ANGI Homeservices by 2.7% during the 3rd quarter. Vanguard Group Inc now owns 4,985,047 shares of the technology company’s stock valued at $117,049,000 after purchasing an additional 133,122 shares during the last quarter. SQN Investors LP raised its position in ANGI Homeservices by 17.7% during the 4th quarter. SQN Investors LP now owns 3,559,171 shares of the technology company’s stock valued at $57,196,000 after purchasing an additional 534,176 shares during the last quarter. Finally, BlackRock Inc. raised its position 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 purchasing an additional 1,261,879 shares during the last quarter. 13.40% of the stock is 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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