Wall Street analysts forecast that ANGI Homeservices Inc (NASDAQ:ANGI) will post sales of $308.79 million for the current fiscal quarter, according to Zacks Investment Research. Six analysts have issued estimates for ANGI Homeservices’ earnings. The highest sales estimate is $316.20 million and the lowest is $304.72 million. ANGI Homeservices reported sales of $255.31 million in the same quarter last year, which would suggest a positive year-over-year growth rate of 20.9%. The company is expected to announce its next quarterly earnings results on Wednesday, May 8th.
On average, analysts expect that ANGI Homeservices will report full-year sales of $1.38 billion for the current year, with estimates ranging from $1.37 billion to $1.42 billion. For the next fiscal year, analysts anticipate that the firm will report sales of $1.71 billion, with estimates ranging from $1.64 billion to $1.76 billion. Zacks’ sales calculations are a mean average based on a survey of sell-side research analysts that that provide coverage for ANGI Homeservices.
ANGI Homeservices (NASDAQ:ANGI) last posted its quarterly earnings results on Thursday, February 7th. The technology company reported $0.07 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.03 by $0.04. ANGI Homeservices had a net margin of 6.83% and a return on equity of 6.96%. The firm had revenue of $279.00 million for the quarter, compared to analyst estimates of $281.28 million. During the same quarter in the previous year, the business posted ($0.06) earnings per share. The firm’s quarterly revenue was up 25.1% compared to the same quarter last year.
Shares of ANGI stock traded down $0.10 during trading hours on Friday, hitting $15.44. 972,931 shares of the company were exchanged, compared to its average volume of 853,356. The company has a quick ratio of 2.36, a current ratio of 2.36 and a debt-to-equity ratio of 0.19. ANGI Homeservices has a 52 week low of $12.65 and a 52 week high of $23.95. The company has a market capitalization of $7.83 billion, a price-to-earnings ratio of 102.93, a P/E/G ratio of 4.13 and a beta of 2.21.
In related news, COO Craig M. Smith sold 7,250 shares of the firm’s stock in a transaction on Monday, February 4th. The shares were sold at an average price of $17.15, for a total value of $124,337.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Bowman Angela R. Hicks sold 29,531 shares of the firm’s stock in a transaction on Wednesday, January 2nd. The shares were sold at an average price of $15.71, for a total transaction of $463,932.01. The disclosure for this sale can be found here. In the last ninety days, insiders sold 434,197 shares of company stock valued at $7,133,215. 20.30% of the stock is owned by insiders.
A number of institutional investors have recently added to or reduced their stakes in ANGI. FMR LLC grew its position in ANGI Homeservices by 41.0% in the fourth quarter. FMR LLC now owns 12,028,354 shares of the technology company’s stock valued at $193,297,000 after purchasing an additional 3,497,745 shares in the last quarter. BlackRock Inc. raised its position in shares of ANGI Homeservices by 73.4% in the 4th quarter. BlackRock Inc. now owns 2,980,384 shares of the technology company’s stock worth $47,894,000 after buying an additional 1,261,879 shares during the period. Two Sigma Investments LP raised its position in shares of ANGI Homeservices by 237.9% in the 4th quarter. Two Sigma Investments LP now owns 1,022,264 shares of the technology company’s stock worth $16,428,000 after buying an additional 719,773 shares during the period. SQN Investors LP raised its position in shares of ANGI Homeservices by 17.7% in the 4th quarter. SQN Investors LP now owns 3,559,171 shares of the technology company’s stock worth $57,196,000 after buying an additional 534,176 shares during the period. Finally, Millennium Management LLC raised its position in shares of ANGI Homeservices by 223.0% in the 4th quarter. Millennium Management LLC now owns 667,761 shares of the technology company’s stock worth $10,731,000 after buying an additional 461,052 shares during the period. 13.32% of the stock is owned by institutional investors and hedge funds.
About ANGI Homeservices
ANGI Homeservices, Inc is a holding company, which engages in the provision of digital marketplace for home services. It operates through the North America and Europe segments. It offers consumer services and service professional services. The company was founded on April 13, 2017 and is headquartered in Golden, CO.
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