ANGI Homeservices Inc (ANGI) Set to Announce Earnings on Monday
ANGI Homeservices Inc (NASDAQ:ANGI) will release its earnings data before the market opens on Monday, October 30th. Analysts expect ANGI Homeservices to post earnings of ($0.08) per share for the quarter.
ANGI Homeservices (NASDAQ:ANGI) last announced its earnings results on Wednesday, July 26th. The technology company reported ($0.13) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.03) by ($0.10). The company had revenue of $72.80 million for the quarter, compared to analysts’ expectations of $73.87 million. ANGI Homeservices had a negative return on equity of 348.91% and a negative net margin of 11.08%. The company’s quarterly revenue was down 12.3% compared to the same quarter last year. During the same period last year, the business earned $0.08 EPS. On average, analysts expect ANGI Homeservices to post $-0.1 EPS for the current fiscal year and $0.01 EPS for the next fiscal year.
ANGI Homeservices Inc (NASDAQ:ANGI) opened at 12.04 on Monday. The stock’s market cap is $732.97 million. The firm’s 50-day moving average is $12.07 and its 200 day moving average is $11.18. ANGI Homeservices Inc has a 52 week low of $11.43 and a 52 week high of $13.74.
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A number of research analysts have recently commented on the stock. BidaskClub downgraded shares of ANGI Homeservices from a “sell” rating to a “strong sell” rating in a research note on Thursday, August 10th. Zacks Investment Research downgraded shares of ANGI Homeservices from a “hold” rating to a “strong sell” rating in a research note on Tuesday, September 26th. Wells Fargo & Company raised shares of ANGI Homeservices from a “market perform” rating to an “outperform” rating and set a $14.00 price objective for the company in a research note on Thursday. Piper Jaffray Companies assumed coverage on shares of ANGI Homeservices in a research note on Wednesday, August 16th. They set an “overweight” rating and a $14.00 price objective for the company. Finally, Goldman Sachs Group, Inc. (The) assumed coverage on shares of ANGI Homeservices in a research note on Wednesday, October 11th. They set a “buy” rating and a $14.00 price objective for the company. Two equities research analysts have rated the stock with a sell rating, seven have given a hold rating and five have assigned a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus target price of $12.14.
In other ANGI Homeservices news, Director Michael S. Maurer sold 16,500 shares of the company’s stock in a transaction that occurred on Thursday, August 24th. The stock was sold at an average price of $12.28, for a total value of $202,620.00. Following the completion of the transaction, the director now owns 62,563 shares in the company, valued at approximately $768,273.64. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Michael S. Maurer sold 98,578 shares of the company’s stock in a transaction that occurred on Friday, August 25th. The stock was sold at an average price of $12.20, for a total value of $1,202,651.60. Following the completion of the transaction, the director now owns 62,563 shares of the company’s stock, valued at approximately $763,268.60. The disclosure for this sale can be found here. In the last three months, insiders have sold 831,364 shares of company stock valued at $9,936,056. Corporate insiders own 18.20% of the company’s stock.
About ANGI Homeservices
ANGI Homeservices Inc is focused on creating digital marketplace for home services, connecting homeowners across the globe with home service professionals. The Company operates 10 brands including Angie’s List, HomeAdvisor, HomeStars, Instapro, MyBuilder, MyHammer, Travaux, Werkspot, CraftJack and mHelpDesk.
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