ANGI Homeservices Inc (NASDAQ:ANGI) Expected to Post Quarterly Sales of $352.60 Million
Equities research analysts forecast that ANGI Homeservices Inc (NASDAQ:ANGI) will post sales of $352.60 million for the current fiscal quarter, Zacks Investment Research reports. Seven analysts have issued estimates for ANGI Homeservices’ earnings. The lowest sales estimate is $347.60 million and the highest is $357.64 million. ANGI Homeservices posted sales of $294.82 million during the same quarter last year, which would indicate a positive year-over-year growth rate of 19.6%. The company is expected to issue its next quarterly earnings results after the market closes on Wednesday, August 7th.
On average, analysts expect that ANGI Homeservices will report full-year sales of $1.37 billion for the current year. For the next fiscal year, analysts anticipate that the business will report sales of $1.69 billion, with estimates ranging from $1.65 billion to $1.74 billion. Zacks Investment Research’s sales averages are an average based on a survey of sell-side research analysts that that provide coverage for ANGI Homeservices.
ANGI Homeservices (NASDAQ:ANGI) last released its earnings results on Wednesday, May 8th. The technology company reported $0.02 EPS for the quarter, topping analysts’ consensus estimates of ($0.01) by $0.03. ANGI Homeservices had a net margin of 8.15% and a return on equity of 8.11%. The business had revenue of $303.44 million for the quarter, compared to the consensus estimate of $305.54 million. During the same period in the previous year, the firm earned ($0.02) EPS. The business’s revenue for the quarter was up 18.9% on a year-over-year basis.
Shares of NASDAQ ANGI remained flat at $$13.09 during midday trading on Friday. 592,906 shares of the company were exchanged, compared to its average volume of 1,380,042. The company has a debt-to-equity ratio of 0.18, a current ratio of 2.19 and a quick ratio of 2.19. The company’s 50 day moving average is $14.00. ANGI Homeservices has a twelve month low of $12.76 and a twelve month high of $23.95. The stock has a market cap of $6.63 billion, a PE ratio of 87.27, a P/E/G ratio of 2.83 and a beta of 2.03.
In other news, CEO William B. Ridenour sold 10,989 shares of the business’s stock in a transaction that occurred on Thursday, April 25th. The shares were sold at an average price of $16.29, for a total transaction of $179,010.81. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, CEO William B. Ridenour sold 10,997 shares of the company’s stock in a transaction that occurred on Thursday, May 9th. The shares were sold at an average price of $16.56, for a total transaction of $182,110.32. The disclosure for this sale can be found here. Insiders have sold 1,102,012 shares of company stock worth $15,530,856 in the last 90 days. 13.10% of the stock is owned by company insiders.
A number of institutional investors have recently added to or reduced their stakes in ANGI. FMR LLC increased its stake in ANGI Homeservices by 41.0% in the 4th quarter. FMR LLC now owns 12,028,354 shares of the technology company’s stock valued at $193,297,000 after buying an additional 3,497,745 shares during the period. SQN Investors LP increased its stake in ANGI Homeservices by 37.3% in the 1st quarter. SQN Investors LP now owns 4,886,483 shares of the technology company’s stock valued at $75,447,000 after buying an additional 1,327,312 shares during the period. BlackRock Inc. increased its stake in ANGI Homeservices by 73.4% in the 4th quarter. BlackRock Inc. now owns 2,980,384 shares of the technology company’s stock valued at $47,894,000 after buying an additional 1,261,879 shares during the period. Two Sigma Investments LP increased its stake in 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 valued at $16,428,000 after buying an additional 719,773 shares during the period. Finally, Millennium Management LLC increased its stake in ANGI Homeservices by 223.0% in the 4th quarter. Millennium Management LLC now owns 667,761 shares of the technology company’s stock valued at $10,731,000 after buying an additional 461,052 shares during the period. Hedge funds and other institutional investors own 14.38% of the company’s stock.
About ANGI Homeservices
ANGI Homeservices Inc operates a digital marketplace for home services, connecting millions of homeowners with home service professionals in North America and Europe. Its HomeAdvisor digital marketplace service connects consumers with service professionals for home repair, maintenance, and improvement projects, as well as provides consumers with tools and resources to help them find local, pre-screened, and customer-rated service professionals.
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