Analysts Anticipate ANGI Homeservices Inc. (ANGI) Will Announce Quarterly Sales of $260.95 Million

Equities analysts predict that ANGI Homeservices Inc. (NASDAQ:ANGI) will post $260.95 million in sales for the current fiscal quarter, according to Zacks Investment Research. Two analysts have provided estimates for ANGI Homeservices’ earnings. The lowest sales estimate is $255.90 million and the highest is $265.99 million. ANGI Homeservices reported sales of $73.13 million during the same quarter last year, which indicates a positive year-over-year growth rate of 256.8%. The business is scheduled to issue its next earnings results on Tuesday, May 1st.

On average, analysts expect that ANGI Homeservices will report full year sales of $260.95 million for the current financial year, with estimates ranging from $1.13 billion to $1.18 billion. For the next fiscal year, analysts anticipate that the firm will report sales of $1.46 billion per share, with estimates ranging from $1.45 billion to $1.47 billion. Zacks’ sales averages are a mean average based on a survey of sell-side research firms that cover ANGI Homeservices.

Several research firms have issued reports on ANGI. BidaskClub upgraded ANGI Homeservices from a “buy” rating to a “strong-buy” rating in a research note on Friday. Wells Fargo & Co reiterated a “buy” rating and set a $15.00 price objective on shares of ANGI Homeservices in a research note on Thursday. BMO Capital Markets began coverage on ANGI Homeservices in a research note on Tuesday, February 6th. They set an “outperform” rating and a $16.00 price objective for the company. Oppenheimer reiterated a “buy” rating and set a $14.00 price objective on shares of ANGI Homeservices in a research note on Wednesday, January 3rd. Finally, MKM Partners upgraded ANGI Homeservices from a “neutral” rating to a “buy” rating and increased their price objective for the stock from $13.00 to $15.00 in a research note on Wednesday, January 3rd. They noted that the move was a valuation call. Three research analysts have rated the stock with a sell rating, five have assigned a hold rating, seven have issued a buy rating and one has given a strong buy rating to the stock. The stock currently has an average rating of “Hold” and an average price target of $12.77.

ANGI Homeservices (ANGI) opened at $13.31 on Monday. The company has a debt-to-equity ratio of 0.26, a quick ratio of 0.57 and a current ratio of 1.53. ANGI Homeservices has a 12 month low of $10.24 and a 12 month high of $14.11. The stock has a market capitalization of $833.95 and a price-to-earnings ratio of -34.13.

Several hedge funds have recently made changes to their positions in ANGI. Schwab Charles Investment Management Inc. grew its holdings in shares of ANGI Homeservices by 0.5% during the second quarter. Schwab Charles Investment Management Inc. now owns 152,770 shares of the technology company’s stock worth $1,954,000 after purchasing an additional 760 shares during the last quarter. JPMorgan Chase & Co. grew its holdings in shares of ANGI Homeservices by 258.3% during the second quarter. JPMorgan Chase & Co. now owns 96,145 shares of the technology company’s stock worth $1,230,000 after purchasing an additional 69,310 shares during the last quarter. Wells Fargo & Company MN grew its holdings in shares of ANGI Homeservices by 31.9% during the second quarter. Wells Fargo & Company MN now owns 248,154 shares of the technology company’s stock worth $3,174,000 after purchasing an additional 60,046 shares during the last quarter. Alliancebernstein L.P. grew its holdings in shares of ANGI Homeservices by 30.2% during the second quarter. Alliancebernstein L.P. now owns 31,400 shares of the technology company’s stock worth $402,000 after purchasing an additional 7,280 shares during the last quarter. Finally, Teachers Advisors LLC grew its holdings in shares of ANGI Homeservices by 1.0% during the second quarter. Teachers Advisors LLC now owns 113,913 shares of the technology company’s stock worth $1,457,000 after purchasing an additional 1,182 shares during the last quarter. Institutional investors own 68.29% of the company’s stock.

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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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