Angie’s List, Inc. (ANGI) Expected to Announce Quarterly Sales of $72.50 Million
Wall Street analysts expect Angie’s List, Inc. (NASDAQ:ANGI) to announce $72.50 million in sales for the current fiscal quarter, Zacks reports. Two analysts have made estimates for Angie’s List’s earnings, with the highest sales estimate coming in at $73.20 million and the lowest estimate coming in at $71.80 million. Angie’s List posted sales of $79.75 million during the same quarter last year, which suggests a negative year-over-year growth rate of 9.1%. The company is scheduled to report its next earnings results on Tuesday, November 7th.
According to Zacks, analysts expect that Angie’s List will report full-year sales of $72.50 million for the current financial year, with estimates ranging from $288.60 million to $291.80 million. For the next fiscal year, analysts forecast that the business will report sales of $297.25 million per share, with estimates ranging from $295.70 million to $298.80 million. Zacks Investment Research’s sales calculations are a mean average based on a survey of analysts that cover Angie’s List.
Angie’s List (NASDAQ:ANGI) last posted its quarterly earnings results on Wednesday, July 26th. The technology company reported ($0.13) EPS for the quarter, missing the Zacks’ consensus estimate of ($0.03) by $0.10. Angie’s List had a negative net margin of 4.62% and a negative return on equity of 392.52%. The firm had revenue of $72.80 million for the quarter, compared to the consensus estimate of $73.87 million. During the same quarter in the prior year, the company earned $0.08 earnings per share. The company’s quarterly revenue was down 12.3% compared to the same quarter last year.
Several research analysts have commented on ANGI shares. BidaskClub lowered shares of Angie’s List from a “buy” rating to a “hold” rating in a research note on Sunday, July 16th. Zacks Investment Research lowered shares of Angie’s List from a “buy” rating to a “hold” rating in a research note on Friday, July 28th. Cowen and Company reaffirmed a “hold” rating and set a $8.50 price objective on shares of Angie’s List in a research note on Friday, July 14th. ValuEngine raised shares of Angie’s List from a “sell” rating to a “hold” rating in a research note on Friday, June 2nd. Finally, Piper Jaffray Companies started coverage on Angie’s List in a research report on Wednesday, August 16th. They set an “overweight” rating and a $14.00 target price for the company. Two equities research analysts have rated the stock with a sell rating, seven have given a hold rating and one has assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average price target of $10.65.
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In other Angie’s List news, insider Bowman Angela R. Hicks sold 300,000 shares of the business’s stock in a transaction dated Tuesday, August 1st. The shares were sold at an average price of $11.96, for a total value of $3,588,000.00. Following the completion of the transaction, the insider now directly owns 670,413 shares in the company, valued at $8,018,139.48. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Michael S. Maurer sold 6,380 shares of the business’s stock in a transaction dated Monday, August 7th. The stock was sold at an average price of $12.00, for a total transaction of $76,560.00. Following the completion of the transaction, the director now owns 180,816 shares of the company’s stock, valued at $2,169,792. The disclosure for this sale can be found here. Insiders sold 831,364 shares of company stock valued at $9,936,056 over the last 90 days. 18.20% of the stock is currently owned by corporate insiders.
A number of institutional investors have recently made changes to their positions in ANGI. Citadel Advisors LLC purchased a new position in shares of Angie’s List during the first quarter worth approximately $103,000. American International Group Inc. increased its position in shares of Angie’s List by 7.1% in the first quarter. American International Group Inc. now owns 24,481 shares of the technology company’s stock worth $140,000 after buying an additional 1,621 shares in the last quarter. JPMorgan Chase & Co. purchased a new position in shares of Angie’s List during the first quarter worth approximately $153,000. Metropolitan Life Insurance Co. NY increased its position in shares of Angie’s List by 11.9% in the first quarter. Metropolitan Life Insurance Co. NY now owns 30,591 shares of the technology company’s stock worth $174,000 after buying an additional 3,264 shares in the last quarter. Finally, Global X Management Co. LLC increased its position in shares of Angie’s List by 4.6% in the first quarter. Global X Management Co. LLC now owns 31,159 shares of the technology company’s stock worth $178,000 after buying an additional 1,384 shares in the last quarter. Institutional investors and hedge funds own 82.82% of the company’s stock.
Angie’s List (ANGI) traded down 1.56% during midday trading on Friday, reaching $11.97. 364,491 shares of the company were exchanged. Angie’s List has a 52 week low of $5.22 and a 52 week high of $13.28. The company has a 50-day moving average of $12.12 and a 200 day moving average of $9.61. The firm’s market capitalization is $728.71 million.
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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