Angie’s List, Inc. (NASDAQ:ANGI) Expected to Post Quarterly Sales of $74.70 Million
Brokerages expect that Angie’s List, Inc. (NASDAQ:ANGI) will announce $74.70 million in sales for the current fiscal quarter, according to Zacks. Two analysts have made estimates for Angie’s List’s earnings. The lowest sales estimate is $73.00 million and the highest is $76.40 million. Angie’s List posted sales of $79.75 million during the same quarter last year, which would indicate a negative year-over-year growth rate of 6.3%. The business is scheduled to report its next earnings results on Tuesday, November 7th.
On average, analysts expect that Angie’s List will report full year sales of $74.70 million for the current fiscal year, with estimates ranging from $291.40 million to $300.70 million. For the next financial year, analysts forecast that the firm will report sales of $304.60 million per share, with estimates ranging from $298.90 million to $310.30 million. Zacks’ sales calculations are an average based on a survey of sell-side research analysts that follow Angie’s List.
Angie’s List (NASDAQ:ANGI) last released its earnings results on Wednesday, July 26th. The technology company reported ($0.13) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.03) by $0.10. Angie’s List had a negative return on equity of 41.36% and a negative net margin of 0.35%. The business had revenue of $72.80 million for the quarter, compared to analysts’ expectations of $73.87 million. During the same quarter in the prior year, the business posted $0.08 EPS. The business’s revenue for the quarter was down 12.3% compared to the same quarter last year.
A number of research firms recently weighed in on ANGI. Zacks Investment Research cut Angie’s List from a “strong-buy” rating to a “hold” rating in a report on Wednesday, May 24th. BidaskClub cut Angie’s List from a “buy” rating to a “hold” rating in a report on Sunday, July 16th. Loop Capital cut Angie’s List from a “buy” rating to a “hold” rating in a report on Tuesday, May 2nd. Cowen and Company reaffirmed a “hold” rating and issued a $8.50 price target on shares of Angie’s List in a report on Friday, July 14th. Finally, ValuEngine raised Angie’s List from a “sell” rating to a “hold” rating in a report on Friday, June 2nd. Two analysts have rated the stock with a sell rating, eight have issued a hold rating and two have given a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $10.54.
Angie’s List (NASDAQ ANGI) traded down 0.72% during mid-day trading on Thursday, hitting $12.39. The company had a trading volume of 59,085 shares. The company has a 50-day moving average price of $12.41 and a 200 day moving average price of $8.68. The firm’s market capitalization is $741.74 million. Angie’s List has a 12 month low of $5.22 and a 12 month high of $13.13.
A number of large investors have recently bought and sold shares of the company. Segall Bryant & Hamill LLC raised its stake in Angie’s List by 131.5% in the first quarter. Segall Bryant & Hamill LLC now owns 991,090 shares of the technology company’s stock valued at $5,649,000 after buying an additional 562,911 shares during the period. Ameriprise Financial Inc. purchased a new stake in Angie’s List during the first quarter valued at approximately $1,327,000. Vanguard Group Inc. raised its stake in Angie’s List by 5.5% in the first quarter. Vanguard Group Inc. now owns 4,367,386 shares of the technology company’s stock valued at $24,895,000 after buying an additional 228,084 shares during the period. Dimensional Fund Advisors LP raised its stake in Angie’s List by 55.0% in the first quarter. Dimensional Fund Advisors LP now owns 462,627 shares of the technology company’s stock valued at $2,637,000 after buying an additional 164,122 shares during the period. Finally, State of Wisconsin Investment Board raised its stake in Angie’s List by 245.9% in the first quarter. State of Wisconsin Investment Board now owns 223,341 shares of the technology company’s stock valued at $1,273,000 after buying an additional 158,780 shares during the period. Institutional investors own 71.48% of the company’s stock.
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About Angie’s List
Angie’s List, Inc operates a national local services consumer review service and marketplace. As of December 31, 2016, the Company helped facilitate transactions between over five million members and its collection of service providers in over 700 categories of service nationwide. Its tools, services and content across multiple platforms enables consumers to research, shop for and purchase local services for needs, as well as rate and review the providers of these services across the United States.
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