ANGI Homeservices (NASDAQ:ANGI) announced its quarterly earnings data on Thursday. The technology company reported $0.07 earnings per share for the quarter, beating analysts’ consensus estimates of $0.03 by $0.04, Briefing.com reports. The business had revenue of $279.00 million for the quarter, compared to analyst estimates of $281.28 million. ANGI Homeservices had a negative return on equity of 0.53% and a negative net margin of 1.63%. The company’s revenue was up 25.1% on a year-over-year basis. During the same period in the prior year, the company earned ($0.06) earnings per share.
Shares of ANGI stock traded down $0.31 during mid-day trading on Friday, reaching $16.72. The stock had a trading volume of 3,959,248 shares, compared to its average volume of 1,043,237. The company has a debt-to-equity ratio of 0.22, a quick ratio of 2.33 and a current ratio of 2.33. The firm has a market capitalization of $8.33 billion, a PE ratio of -76.00, a P/E/G ratio of 3.17 and a beta of 2.06. ANGI Homeservices has a 1-year low of $12.65 and a 1-year high of $23.95.
A number of research analysts have recently weighed in on ANGI shares. BidaskClub raised ANGI Homeservices from a “hold” rating to a “buy” rating in a report on Monday. Zacks Investment Research lowered ANGI Homeservices from a “strong-buy” rating to a “hold” rating in a report on Monday, November 12th. Macquarie started coverage on ANGI Homeservices in a report on Wednesday, November 28th. They issued an “outperform” rating on the stock. MKM Partners cut their price objective on ANGI Homeservices from $56.00 to $40.00 and set a “buy” rating on the stock in a report on Thursday, November 29th. Finally, Needham & Company LLC started coverage on ANGI Homeservices in a report on Tuesday, January 8th. They issued a “buy” rating and a $23.00 price objective on the stock. Two analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and one has given a strong buy rating to the company’s stock. The company has an average rating of “Buy” and an average target price of $23.08.
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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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