Equities research analysts expect that ANGI Homeservices Inc (NASDAQ:ANGI) will announce $296.53 million in sales for the current fiscal quarter, Zacks reports. Five analysts have made estimates for ANGI Homeservices’ earnings, with the lowest sales estimate coming in at $295.00 million and the highest estimate coming in at $297.21 million. ANGI Homeservices reported sales of $181.72 million in the same quarter last year, which indicates a positive year-over-year growth rate of 63.2%. The company is expected to issue its next earnings results on Wednesday, November 14th.

On average, analysts expect that ANGI Homeservices will report full year sales of $1.13 billion for the current fiscal year, with estimates ranging from $1.12 billion to $1.13 billion. For the next year, analysts forecast that the company will report sales of $1.40 billion, with estimates ranging from $1.39 billion to $1.41 billion. Zacks’ sales averages are a mean average based on a survey of research analysts that follow ANGI Homeservices.

ANGI Homeservices (NASDAQ:ANGI) last announced its quarterly earnings results on Wednesday, August 8th. The technology company reported $0.05 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.01 by $0.04. ANGI Homeservices had a negative return on equity of 10.01% and a negative net margin of 12.14%. The company had revenue of $294.80 million during the quarter, compared to the consensus estimate of $293.43 million. During the same period in the previous year, the company posted ($0.13) earnings per share. ANGI Homeservices’s revenue for the quarter was up 63.1% on a year-over-year basis.

A number of brokerages have issued reports on ANGI. BidaskClub downgraded ANGI Homeservices from a “strong-buy” rating to a “buy” rating in a report on Thursday. Wedbush reissued an “outperform” rating and issued a $26.00 price target on shares of ANGI Homeservices in a report on Wednesday. Zacks Investment Research raised ANGI Homeservices from a “sell” rating to a “hold” rating in a report on Tuesday, July 10th. Raymond James boosted their price target on ANGI Homeservices from $20.00 to $25.00 and gave the company an “outperform” rating in a report on Wednesday, October 3rd. Finally, Nomura began coverage on ANGI Homeservices in a report on Friday. They issued a “neutral” rating and a $20.00 price target for the company. They noted that the move was a valuation call. Three investment analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has issued a strong buy rating to the company. The company presently has a consensus rating of “Buy” and an average target price of $19.91.

In other ANGI Homeservices news, major shareholder Luxor Capital Group, Lp acquired 89,000 shares of the business’s stock in a transaction dated Friday, September 14th. The stock was acquired at an average cost of $23.40 per share, for a total transaction of $2,082,600.00. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, Director Bowman Angela R. Hicks sold 36,301 shares of the business’s stock in a transaction that occurred on Monday, October 1st. The shares were sold at an average price of $22.54, for a total value of $818,224.54. The disclosure for this sale can be found here. Insiders sold 72,602 shares of company stock valued at $1,423,786 over the last 90 days. Company insiders own 20.30% of the company’s stock.

Several institutional investors have recently bought and sold shares of the company. Swiss National Bank increased its position in shares of ANGI Homeservices by 8.2% during the first quarter. Swiss National Bank now owns 64,300 shares of the technology company’s stock worth $873,000 after purchasing an additional 4,900 shares in the last quarter. Schwab Charles Investment Management Inc. increased its position in shares of ANGI Homeservices by 4.9% during the first quarter. Schwab Charles Investment Management Inc. now owns 159,232 shares of the technology company’s stock worth $2,163,000 after purchasing an additional 7,385 shares in the last quarter. Northern Trust Corp increased its position in shares of ANGI Homeservices by 6.3% during the first quarter. Northern Trust Corp now owns 138,144 shares of the technology company’s stock worth $1,877,000 after purchasing an additional 8,145 shares in the last quarter. BlackRock Inc. increased its position in shares of ANGI Homeservices by 1.7% during the first quarter. BlackRock Inc. now owns 989,189 shares of the technology company’s stock worth $13,432,000 after purchasing an additional 16,848 shares in the last quarter. Finally, A.R.T. Advisors LLC purchased a new stake in shares of ANGI Homeservices during the first quarter worth approximately $853,000. Institutional investors and hedge funds own 96.64% of the company’s stock.

NASDAQ:ANGI traded up $0.33 during trading hours on Wednesday, reaching $19.21. The company had a trading volume of 629,033 shares, compared to its average volume of 742,560. ANGI Homeservices has a 1-year low of $10.24 and a 1-year high of $23.95. The company has a market capitalization of $1.54 billion, a PE ratio of -87.32, a PEG ratio of 7.96 and a beta of 1.76. The company has a current ratio of 2.06, a quick ratio of 2.06 and a debt-to-equity ratio of 0.24.

About ANGI Homeservices

ANGI Homeservices Inc owns and operates the HomeAdvisor digital marketplace service to connect consumers with service professionals for home repair, maintenance, and improvement projects. The company operates through two segments, North America and Europe. Its marketplace provides consumers with tools and resources to help them find local, pre-screened, and customer-rated service professionals, as well as book appointments with those professionals online or connect with them by telephone; and offers several home services-related resources.

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