ANGI Homeservices Inc (ANGI) Expected to Post Earnings of $0.03 Per Share

Analysts expect that ANGI Homeservices Inc (NASDAQ:ANGI) will announce $0.03 earnings per share for the current fiscal quarter, Zacks Investment Research reports. Three analysts have provided estimates for ANGI Homeservices’ earnings. ANGI Homeservices also reported earnings of $0.03 per share in the same quarter last year. The firm is expected to announce its next earnings report after the market closes on Wednesday, May 9th.

According to Zacks, analysts expect that ANGI Homeservices will report full-year earnings of $0.32 per share for the current year. For the next financial year, analysts anticipate that the business will report earnings of $0.49 per share. Zacks Investment Research’s earnings per share averages are a mean average based on a survey of sell-side research analysts that that provide coverage for ANGI Homeservices.

ANGI Homeservices (NASDAQ:ANGI) last released its quarterly earnings results on Wednesday, February 7th. The technology company reported ($0.10) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.03) by ($0.07). The firm had revenue of $223.21 million for the quarter, compared to the consensus estimate of $225.82 million. ANGI Homeservices had a negative return on equity of 24.06% and a negative net margin of 24.70%.

Several research firms have recently weighed in on ANGI. BidaskClub upgraded ANGI Homeservices from a “sell” rating to a “hold” rating in a report on Friday, January 5th. ValuEngine cut ANGI Homeservices from a “hold” rating to a “sell” rating in a report on Thursday, March 1st. UBS began coverage on ANGI Homeservices in a report on Thursday, March 15th. They set a “buy” rating and a $20.00 price target on the stock. Wells Fargo restated a “buy” rating and set a $15.00 price target on shares of ANGI Homeservices in a report on Thursday, February 8th. Finally, Zacks Investment Research upgraded ANGI Homeservices from a “sell” rating to a “hold” rating in a report on Monday, February 12th. One analyst has rated the stock with a sell rating, five have issued a hold rating and nine have assigned a buy rating to the company. ANGI Homeservices presently has an average rating of “Buy” and a consensus price target of $14.23.

In related news, major shareholder Luxor Capital Group, Lp bought 340,137 shares of ANGI Homeservices stock in a transaction that occurred on Tuesday, February 27th. The shares were acquired at an average cost of $14.97 per share, for a total transaction of $5,091,850.89. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Bowman Angela R. Hicks sold 26,301 shares of the company’s stock in a transaction that occurred on Monday, April 2nd. The shares were sold at an average price of $13.28, for a total value of $349,277.28. The disclosure for this sale can be found here. Insiders purchased 6,630,015 shares of company stock worth $96,148,451 over the last quarter. 18.20% of the stock is currently owned by company insiders.

A number of hedge funds have recently made changes to their positions in the stock. Luxor Capital Group LP bought a new stake in ANGI Homeservices in the fourth quarter valued at approximately $54,321,000. Stephens Investment Management Group LLC lifted its stake in ANGI Homeservices by 26.0% in the fourth quarter. Stephens Investment Management Group LLC now owns 2,544,650 shares of the technology company’s stock valued at $26,617,000 after buying an additional 524,897 shares during the period. Park West Asset Management LLC lifted its stake in ANGI Homeservices by 381.7% in the fourth quarter. Park West Asset Management LLC now owns 1,445,088 shares of the technology company’s stock valued at $15,116,000 after buying an additional 1,145,088 shares during the period. BlackRock Inc. lifted its stake in ANGI Homeservices by 48,275.2% in the fourth quarter. BlackRock Inc. now owns 972,341 shares of the technology company’s stock valued at $10,170,000 after buying an additional 970,331 shares during the period. Finally, Teachers Advisors LLC lifted its stake in ANGI Homeservices by 109,044.8% in the fourth quarter. Teachers Advisors LLC now owns 951,743 shares of the technology company’s stock valued at $9,955,000 after buying an additional 950,871 shares during the period. Institutional investors and hedge funds own 84.45% of the company’s stock.

Shares of NASDAQ:ANGI traded down $0.21 during midday trading on Thursday, hitting $13.91. 451,914 shares of the stock were exchanged, compared to its average volume of 553,641. The stock has a market cap of $877.25, a P/E ratio of -63.23, a price-to-earnings-growth ratio of 3.27 and a beta of 1.34. The company has a current ratio of 1.53, a quick ratio of 1.53 and a debt-to-equity ratio of 0.26. ANGI Homeservices has a 12 month low of $5.70 and a 12 month high of $15.77.

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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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