$72.50 Million in Sales Expected for Angie’s List, Inc. (ANGI) This Quarter
Wall Street brokerages forecast that Angie’s List, Inc. (NASDAQ:ANGI) will announce $72.50 million in sales for the current quarter, Zacks Investment Research reports. Two analysts have issued estimates for Angie’s List’s earnings. The lowest sales estimate is $71.80 million and the highest is $73.20 million. Angie’s List reported sales of $79.75 million in the same quarter last year, which would indicate a negative year-over-year growth rate of 9.1%. The company is expected to issue its next quarterly earnings report after the market closes on Wednesday, November 8th.
According to Zacks, analysts expect that Angie’s List will report full-year sales of $72.50 million for the current fiscal year, with estimates ranging from $288.60 million to $291.80 million. For the next fiscal year, analysts expect that the business will post sales of $297.25 million per share, with estimates ranging from $295.70 million to $298.80 million. Zacks Investment Research’s sales averages are an average based on a survey of sell-side research firms that that provide coverage for Angie’s List.
Angie’s List (NASDAQ:ANGI) last released its quarterly earnings data on Wednesday, July 26th. The technology company reported ($0.13) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of ($0.03) by ($0.10). The company had revenue of $72.80 million for the quarter, compared to analyst estimates of $73.87 million. Angie’s List had a negative return on equity of 392.52% and a negative net margin of 4.62%. Angie’s List’s revenue for the quarter was down 12.3% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.08 earnings per share.
A number of equities research analysts have issued reports on the stock. Piper Jaffray Companies assumed coverage on shares of Angie’s List in a report on Wednesday, August 16th. They set an “overweight” rating and a $14.00 price target for the company. BidaskClub cut shares of Angie’s List from a “buy” rating to a “hold” rating in a report on Sunday, July 16th. Zacks Investment Research cut shares of Angie’s List from a “hold” rating to a “strong sell” rating in a report on Tuesday, September 26th. CIBC assumed coverage on shares of Angie’s List in a report on Thursday, October 5th. They set an “outperform” rating and a $14.00 price target for the company. Finally, Wells Fargo & Company upgraded shares of Angie’s List from a “market perform” rating to an “outperform” rating and set a $14.00 price target for the company in a report on Thursday, October 19th. Two equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and five have issued a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average price target of $12.14.
Angie’s List (NASDAQ:ANGI) opened at 12.22 on Friday. The company’s 50-day moving average is $12.07 and its 200-day moving average is $11.35. The firm’s market capitalization is $743.93 million. Angie’s List has a 52-week low of $5.22 and a 52-week high of $13.74.
In related news, Director Michael S. Maurer sold 6,380 shares of the stock in a transaction dated Monday, August 7th. The shares were sold at an average price of $12.00, for a total value of $76,560.00. Following the completion of the sale, the director now owns 180,816 shares in the company, valued at $2,169,792. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Michael S. Maurer sold 16,500 shares of the stock in a transaction dated Thursday, August 24th. The shares were sold at an average price of $12.28, for a total transaction of $202,620.00. Following the completion of the sale, the director now owns 62,563 shares of the company’s stock, valued at approximately $768,273.64. The disclosure for this sale can be found here. In the last quarter, insiders sold 831,364 shares of company stock valued at $9,936,056. 18.20% of the stock is owned by corporate insiders.
A number of large investors have recently bought and sold shares of ANGI. Citadel Advisors LLC acquired a new position in Angie’s List in the first quarter worth about $103,000. American International Group Inc. raised its position in 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 purchasing an additional 1,621 shares in the last quarter. JPMorgan Chase & Co. acquired a new position in Angie’s List in the first quarter worth about $153,000. Metropolitan Life Insurance Co. NY raised its position in 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 purchasing an additional 3,264 shares in the last quarter. Finally, Harvest Management LLC acquired a new position in Angie’s List in the second quarter worth about $192,000. 80.73% of the stock is owned by hedge funds and other institutional investors.
Angie’s List Company Profile
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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