ANGI Homeservices (ANGI) Announces Quarterly Earnings Results

ANGI Homeservices (NASDAQ:ANGI) issued its quarterly earnings data on Thursday. The technology company reported $0.07 earnings per share for the quarter, beating the consensus estimate of $0.03 by $0.04, Briefing.com reports. ANGI Homeservices had a negative return on equity of 0.53% and a negative net margin of 1.63%. The business had revenue of $279.00 million for the quarter, compared to analysts’ expectations of $281.28 million. During the same period last year, the business earned ($0.06) EPS. The business’s revenue was up 25.1% on a year-over-year basis.

ANGI traded down $0.31 during trading hours on Friday, hitting $16.72. The stock had a trading volume of 3,959,198 shares, compared to its average volume of 910,845. ANGI Homeservices has a 1 year low of $12.65 and a 1 year high of $23.95. The firm has a market cap of $8.54 billion, a P/E ratio of -76.00, a price-to-earnings-growth ratio of 3.24 and a beta of 2.06. The company has a debt-to-equity ratio of 0.22, a quick ratio of 2.33 and a current ratio of 2.33.

ANGI has been the topic of several recent analyst reports. Needham & Company LLC initiated coverage on ANGI Homeservices in a research note on Tuesday, January 8th. They set a “buy” rating and a $23.00 price objective on the stock. SunTrust Banks assumed coverage on ANGI Homeservices in a research report on Tuesday, December 18th. They set a “buy” rating and a $21.00 target price for the company. MKM Partners decreased their target price on ANGI Homeservices from $56.00 to $40.00 and set a “buy” rating for the company in a research report on Thursday, November 29th. BidaskClub raised ANGI Homeservices from a “hold” rating to a “buy” rating in a research report on Monday, February 4th. Finally, Goldman Sachs Group assumed coverage on ANGI Homeservices in a research report on Monday, February 4th. They set a “buy” rating and a $20.00 target price for the company. Two equities research analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and one has assigned a strong buy rating to the stock. ANGI Homeservices currently has a consensus rating of “Buy” and a consensus target price of $23.08.



In related news, CMO Allison Lowrie sold 50,000 shares of ANGI Homeservices stock in a transaction dated Wednesday, November 21st. The stock was sold at an average price of $18.16, for a total value of $908,000.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, COO Craig M. Smith sold 7,193 shares of ANGI Homeservices stock in a transaction dated Monday, January 28th. The stock was sold at an average price of $16.31, for a total value of $117,317.83. The disclosure for this sale can be found here. In the last three months, insiders sold 299,326 shares of company stock valued at $5,163,210. 20.30% of the stock is currently owned by insiders.

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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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Earnings History for ANGI Homeservices (NASDAQ:ANGI)

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