Analysts Anticipate ANGI Homeservices Inc (ANGI) to Post $0.01 Earnings Per Share

Wall Street brokerages expect ANGI Homeservices Inc (NASDAQ:ANGI) to report earnings per share of $0.01 for the current quarter, according to Zacks. Four analysts have made estimates for ANGI Homeservices’ earnings. ANGI Homeservices posted earnings of ($0.13) per share in the same quarter last year, which would indicate a positive year-over-year growth rate of 107.7%. The business is expected to announce its next earnings report on Wednesday, July 25th.

On average, analysts expect that ANGI Homeservices will report full year earnings of $0.08 per share for the current fiscal year, with EPS estimates ranging from $0.08 to $0.09. For the next year, analysts expect that the firm will report earnings of $0.22 per share, with EPS estimates ranging from $0.17 to $0.25. Zacks’ earnings per share calculations are a mean average based on a survey of research analysts that follow ANGI Homeservices.

ANGI Homeservices (NASDAQ:ANGI) last issued its earnings results on Wednesday, May 9th. The technology company reported ($0.02) earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.04) by $0.02. ANGI Homeservices had a negative return on equity of 17.42% and a negative net margin of 20.05%. The business had revenue of $255.30 million during the quarter, compared to analysts’ expectations of $254.55 million. During the same period in the prior year, the business earned $0.03 EPS. The business’s revenue for the quarter was up 69.4% compared to the same quarter last year.

Several equities research analysts have weighed in on ANGI shares. ValuEngine upgraded ANGI Homeservices from a “hold” rating to a “buy” rating in a report on Friday, June 1st. Deutsche Bank initiated coverage on ANGI Homeservices in a report on Wednesday, May 30th. They issued a “buy” rating and a $18.00 target price for the company. Deutsche Bank initiated coverage on ANGI Homeservices in a research note on Wednesday, May 30th. They set a “buy” rating for the company. BidaskClub upgraded ANGI Homeservices from a “hold” rating to a “buy” rating in a research note on Friday, May 11th. Finally, Wells Fargo & Co restated a “buy” rating and set a $15.00 price objective on shares of ANGI Homeservices in a research note on Sunday, May 6th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and twelve have assigned a buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus target price of $14.54.

In other ANGI Homeservices news, major shareholder Luxor Capital Group, Lp bought 807,465 shares of ANGI Homeservices stock in a transaction that occurred on Friday, April 13th. The shares were bought at an average cost of $13.50 per share, with a total value of $10,900,777.50. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, Director Bowman Angela R. Hicks sold 26,301 shares of the company’s stock in a transaction dated 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. Over the last 90 days, insiders have purchased 1,370,965 shares of company stock valued at $18,400,543 and have sold 78,903 shares valued at $1,091,492. Corporate insiders own 20.30% of the company’s stock.

A number of large investors have recently made changes to their positions in ANGI. Luxor Capital Group LP increased its position in ANGI Homeservices by 124.4% during the 1st quarter. Luxor Capital Group LP now owns 11,655,630 shares of the technology company’s stock valued at $158,283,000 after buying an additional 6,462,395 shares in the last quarter. Stonehill Capital Management LLC acquired a new position in ANGI Homeservices during the 1st quarter valued at about $17,675,000. Park West Asset Management LLC increased its position in ANGI Homeservices by 381.7% during the 4th 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 in the last quarter. BlackRock Inc. increased its position in ANGI Homeservices by 48,275.2% during the 4th 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 in the last quarter. Finally, Teachers Advisors LLC increased its position in ANGI Homeservices by 109,044.8% during the 4th 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 in the last quarter. 96.07% of the stock is currently owned by institutional investors.

Shares of ANGI stock opened at $15.38 on Wednesday. ANGI Homeservices has a twelve month low of $10.24 and a twelve month high of $16.61. The company has a current ratio of 1.89, a quick ratio of 1.89 and a debt-to-equity ratio of 0.25.

ANGI Homeservices Company Profile

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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