Analysts expect ANGI Homeservices Inc (NASDAQ:ANGI) to announce $307.04 million in sales for the current fiscal quarter, according to Zacks Investment Research. Six analysts have provided estimates for ANGI Homeservices’ earnings, with the highest sales estimate coming in at $314.30 million and the lowest estimate coming in at $304.72 million. ANGI Homeservices reported sales of $255.31 million in the same quarter last year, which indicates a positive year-over-year growth rate of 20.3%. The company is scheduled to report its next earnings report on Wednesday, May 8th.
According to Zacks, analysts expect that ANGI Homeservices will report full year sales of $1.37 billion for the current fiscal year, with estimates ranging from $1.37 billion to $1.39 billion. For the next financial year, analysts anticipate that the firm will report sales of $1.70 billion, with estimates ranging from $1.64 billion to $1.72 billion. Zacks Investment Research’s sales calculations are an average based on a survey of sell-side analysts that that provide coverage for ANGI Homeservices.
ANGI Homeservices (NASDAQ:ANGI) last announced its earnings results on Thursday, February 7th. The technology company reported $0.07 earnings per share for the quarter, beating analysts’ consensus estimates of $0.03 by $0.04. The business had revenue of $279.00 million for the quarter, compared to the consensus estimate of $281.28 million. ANGI Homeservices had a net margin of 6.83% and a return on equity of 6.96%. ANGI Homeservices’s quarterly revenue was up 25.1% on a year-over-year basis. During the same period last year, the firm posted ($0.06) earnings per share.
In other ANGI Homeservices news, CMO Allison Lowrie sold 7,619 shares of ANGI Homeservices stock in a transaction that occurred on Tuesday, April 9th. The shares were sold at an average price of $15.51, for a total transaction of $118,170.69. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, COO Craig M. Smith sold 7,209 shares of ANGI Homeservices stock in a transaction that occurred on Tuesday, January 22nd. The stock was sold at an average price of $16.24, for a total transaction of $117,074.16. The disclosure for this sale can be found here. Insiders have sold 449,745 shares of company stock worth $7,364,962 over the last three months. Insiders own 20.30% of the company’s stock.
Hedge funds have recently bought and sold shares of the business. BlackRock Inc. raised its stake in shares of ANGI Homeservices by 69.2% during the third quarter. BlackRock Inc. now owns 1,718,505 shares of the technology company’s stock worth $40,352,000 after acquiring an additional 702,579 shares in the last quarter. Vanguard Group Inc increased its stake in shares of ANGI Homeservices by 2.7% in the third quarter. Vanguard Group Inc now owns 4,985,047 shares of the technology company’s stock worth $117,049,000 after buying an additional 133,122 shares during the period. Vanguard Group Inc. increased its stake in shares of ANGI Homeservices by 2.7% in the third quarter. Vanguard Group Inc. now owns 4,985,047 shares of the technology company’s stock worth $117,049,000 after buying an additional 133,122 shares during the period. Bank of New York Mellon Corp increased its stake in shares of ANGI Homeservices by 17.8% in the third quarter. Bank of New York Mellon Corp now owns 75,246 shares of the technology company’s stock worth $1,767,000 after buying an additional 11,358 shares during the period. Finally, United Services Automobile Association increased its stake in shares of ANGI Homeservices by 79.8% in the third quarter. United Services Automobile Association now owns 37,854 shares of the technology company’s stock worth $889,000 after buying an additional 16,800 shares during the period. 13.32% of the stock is currently owned by hedge funds and other institutional investors.
Shares of ANGI opened at $15.76 on Friday. The company has a market capitalization of $7.87 billion, a P/E ratio of 105.07, a P/E/G ratio of 3.61 and a beta of 2.19. The company has a current ratio of 2.36, a quick ratio of 2.36 and a debt-to-equity ratio of 0.19. ANGI Homeservices has a 1-year low of $12.65 and a 1-year high of $23.95.
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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