ANGI Homeservices Inc. (ANGI) Expected to Post Quarterly Sales of $260.95 Million
Brokerages expect ANGI Homeservices Inc. (NASDAQ:ANGI) to announce $260.95 million in sales for the current fiscal quarter, Zacks Investment Research reports. Two analysts have made estimates for ANGI Homeservices’ earnings, with estimates ranging from $255.90 million to $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 firm is expected to issue its next quarterly earnings report on Tuesday, May 1st.
According to Zacks, 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 financial year, analysts forecast that the business 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.
A number of analysts recently commented on the company. BidaskClub raised ANGI Homeservices from a “sell” rating to a “hold” rating in a research report on Friday, January 5th. Zacks Investment Research raised ANGI Homeservices from a “hold” rating to a “buy” rating and set a $14.00 price target for the company in a research report on Wednesday, November 1st. Wells Fargo & Co reaffirmed a “buy” rating and set a $15.00 price target on shares of ANGI Homeservices in a research report on Thursday. MKM Partners raised ANGI Homeservices from a “neutral” rating to a “buy” rating and increased their price target for the company from $13.00 to $15.00 in a research report on Wednesday, January 3rd. They noted that the move was a valuation call. Finally, BMO Capital Markets assumed coverage on ANGI Homeservices in a research report on Tuesday, February 6th. They set an “outperform” rating and a $16.00 price target for the company. Three analysts have rated the stock with a sell rating, five have assigned a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the company. The company has a consensus rating of “Hold” and an average price target of $12.77.
Shares of ANGI Homeservices (NASDAQ:ANGI) opened at $13.31 on Monday. The company has a quick ratio of 0.57, a current ratio of 1.53 and a debt-to-equity ratio of 0.26. The company has a market capitalization of $833.95 and a P/E ratio of -34.13. ANGI Homeservices has a 52 week low of $10.24 and a 52 week high of $14.11.
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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