Angi (NASDAQ:ANGI) Issues Quarterly Earnings Results, Beats Estimates By $0.19 EPS

Angi (NASDAQ:ANGI) announced its earnings results on Tuesday. The technology company reported ($0.22) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.41) by $0.19, FiscalAI reports. Angi had a net margin of 4.25% and a return on equity of 4.41%. The company had revenue of $238.15 million during the quarter, compared to analyst estimates of $240.64 million. During the same period in the previous year, the business earned $0.30 earnings per share. The firm’s quarterly revenue was down 3.1% compared to the same quarter last year.

Angi Stock Up 2.1%

ANGI traded up $0.15 during trading on Tuesday, reaching $7.41. The stock had a trading volume of 1,141,746 shares, compared to its average volume of 699,889. The stock’s 50 day moving average is $7.53 and its two-hundred day moving average is $10.55. The company has a current ratio of 1.65, a quick ratio of 1.65 and a debt-to-equity ratio of 0.54. The company has a market capitalization of $297.14 million, a price-to-earnings ratio of 7.97 and a beta of 1.70. Angi has a one year low of $6.43 and a one year high of $19.42.

Analysts Set New Price Targets

Several research analysts have commented on ANGI shares. Truist Financial set a $17.00 price target on shares of Angi and gave the stock a “buy” rating in a research note on Wednesday, February 11th. Benchmark reissued a “buy” rating on shares of Angi in a research note on Thursday, February 12th. UBS Group reissued a “neutral” rating on shares of Angi in a research note on Thursday, February 12th. Weiss Ratings restated a “sell (d)” rating on shares of Angi in a report on Friday, March 27th. Finally, Zacks Research raised Angi from a “strong sell” rating to a “hold” rating in a research note on Monday, April 13th. Three analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $15.60.

Angi Company Profile

Angi (NASDAQ: ANGI) operates a digital marketplace that connects homeowners and renters with service professionals for home improvement, maintenance and repair projects. Through its flagship platform, Angi provides user-friendly tools that allow consumers to research service providers, compare prices, read verified reviews and book appointments. The company’s services span a wide range of home needs, including plumbing, electrical work, landscaping, painting, cleaning, remodeling and general handyman tasks.

Originally founded in 1995 as Angie’s List, the company built its reputation on a subscription-based model and a comprehensive database of customer reviews.