ANGI Homeservices Inc (NASDAQ:ANGI) Expected to Post Quarterly Sales of $369.13 Million
Equities research analysts forecast that ANGI Homeservices Inc (NASDAQ:ANGI) will report $369.13 million in sales for the current fiscal quarter, according to Zacks Investment Research. Seven analysts have issued estimates for ANGI Homeservices’ earnings. The highest sales estimate is $371.10 million and the lowest is $367.23 million. ANGI Homeservices posted sales of $303.12 million during the same quarter last year, which suggests a positive year-over-year growth rate of 21.8%. The firm is scheduled to announce its next earnings report on Wednesday, November 6th.
On average, analysts expect that ANGI Homeservices will report full year sales of $1.37 billion for the current fiscal year. For the next financial year, analysts forecast that the company 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 firms that follow ANGI Homeservices.
ANGI Homeservices (NASDAQ:ANGI) last issued its quarterly earnings data on Wednesday, August 7th. The technology company reported $0.01 EPS for the quarter, missing the Zacks’ consensus estimate of $0.02 by ($0.01). The company had revenue of $343.90 million for the quarter, compared to analyst estimates of $351.19 million. ANGI Homeservices had a return on equity of 6.42% and a net margin of 6.53%. The company’s revenue for the quarter was up 16.7% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.05 EPS.
Shares of ANGI traded down $0.51 during midday trading on Tuesday, reaching $8.90. 6,491,515 shares of the company were exchanged, compared to its average volume of 1,811,721. The company’s 50-day moving average is $13.33. The stock has a market capitalization of $4.77 billion, a P/E ratio of 59.33, a price-to-earnings-growth ratio of 2.03 and a beta of 1.94. ANGI Homeservices has a 1-year low of $8.51 and a 1-year high of $23.95. The company has a debt-to-equity ratio of 0.18, a quick ratio of 2.19 and a current ratio of 2.21.
In other news, COO Craig M. Smith sold 3,996 shares of the company’s stock in a transaction that occurred on Monday, May 13th. The stock was sold at an average price of $15.15, for a total transaction of $60,539.40. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, COO Craig M. Smith sold 3,823 shares of the company’s stock in a transaction that occurred on Monday, July 8th. The shares were sold at an average price of $13.02, for a total value of $49,775.46. The disclosure for this sale can be found here. Insiders have sold 1,100,689 shares of company stock worth $15,311,328 in the last 90 days. 13.10% of the stock is currently owned by insiders.
Large investors have recently bought and sold shares of the company. Great West Life Assurance Co. Can grew its holdings in shares of ANGI Homeservices by 140.9% during the fourth quarter. Great West Life Assurance Co. Can now owns 6,264 shares of the technology company’s stock valued at $97,000 after purchasing an additional 3,664 shares during the last quarter. Geode Capital Management LLC grew its holdings in shares of ANGI Homeservices by 5.3% during the fourth quarter. Geode Capital Management LLC now owns 447,798 shares of the technology company’s stock valued at $7,196,000 after purchasing an additional 22,433 shares during the last quarter. California Public Employees Retirement System bought a new position in shares of ANGI Homeservices during the fourth quarter valued at approximately $585,000. Parametrica Management Ltd bought a new position in shares of ANGI Homeservices during the first quarter valued at approximately $176,000. Finally, FMR LLC grew its holdings in shares of ANGI Homeservices by 3.4% during the first quarter. FMR LLC now owns 12,437,965 shares of the technology company’s stock valued at $192,041,000 after purchasing an additional 409,611 shares during the last quarter. 14.40% of the stock is owned by institutional investors.
ANGI Homeservices Company Profile
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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