-$0.06 EPS Expected for Angi Inc. (NASDAQ:ANGI) This Quarter

Analysts predict that Angi Inc. (NASDAQ:ANGIGet Rating) will report earnings of ($0.06) per share for the current quarter, Zacks Investment Research reports. Six analysts have made estimates for Angi’s earnings. The highest EPS estimate is ($0.04) and the lowest is ($0.07). The company is expected to issue its next earnings report after the market closes on Monday, January 1st.

On average, analysts expect that Angi will report full-year earnings of ($0.20) per share for the current financial year, with EPS estimates ranging from ($0.24) to ($0.16). For the next financial year, analysts anticipate that the firm will report earnings of ($0.14) per share, with EPS estimates ranging from ($0.23) to ($0.07). Zacks’ EPS averages are a mean average based on a survey of sell-side analysts that follow Angi.

Angi (NASDAQ:ANGIGet Rating) last released its quarterly earnings data on Tuesday, February 15th. The technology company reported ($0.05) EPS for the quarter, beating the Zacks’ consensus estimate of ($0.06) by $0.01. The company had revenue of $415.86 million during the quarter, compared to the consensus estimate of $414.73 million. Angi had a negative net margin of 4.24% and a negative return on equity of 6.00%. During the same quarter in the prior year, the firm earned ($0.03) EPS.

A number of analysts have recently issued reports on ANGI shares. Royal Bank of Canada cut their price target on shares of Angi from $12.00 to $7.00 in a report on Thursday, February 17th. KeyCorp cut their price target on shares of Angi from $16.00 to $14.00 and set an “overweight” rating for the company in a report on Monday, April 11th. Benchmark cut their price target on shares of Angi from $18.00 to $15.00 in a report on Thursday, February 17th. Credit Suisse Group cut their price target on shares of Angi from $16.00 to $13.00 and set an “outperform” rating for the company in a report on Thursday, February 17th. Finally, Piper Sandler dropped their target price on shares of Angi from $12.00 to $8.00 and set a “neutral” rating for the company in a report on Thursday, February 17th. Three investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. According to data from MarketBeat, Angi has an average rating of “Buy” and an average target price of $12.38.

Shares of NASDAQ ANGI traded down $0.11 during midday trading on Friday, reaching $4.73. 1,138,332 shares of the stock were exchanged, compared to its average volume of 1,515,037. The company has a 50 day simple moving average of $5.99 and a 200 day simple moving average of $8.56. The stock has a market capitalization of $2.37 billion, a P/E ratio of -33.78 and a beta of 1.75. The company has a debt-to-equity ratio of 0.43, a quick ratio of 2.11 and a current ratio of 2.11. Angi has a twelve month low of $4.62 and a twelve month high of $16.82.

In other Angi news, Director Bowman Angela R. Hicks sold 10,000 shares of the firm’s stock in a transaction that occurred on Tuesday, February 15th. The shares were sold at an average price of $8.66, for a total value of $86,600.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Bowman Angela R. Hicks sold 5,000 shares of the firm’s stock in a transaction that occurred on Monday, April 18th. The shares were sold at an average price of $5.01, for a total transaction of $25,050.00. Following the completion of the transaction, the director now directly owns 214,941 shares of the company’s stock, valued at approximately $1,076,854.41. The disclosure for this sale can be found here. Insiders sold a total of 20,000 shares of company stock valued at $140,050 in the last three months. 1.80% of the stock is currently owned by corporate insiders.

Institutional investors have recently added to or reduced their stakes in the company. ETF Managers Group LLC purchased a new stake in shares of Angi during the 4th quarter worth $68,000. Ensign Peak Advisors Inc purchased a new stake in shares of Angi during the 4th quarter worth $76,000. Envestnet Asset Management Inc. purchased a new stake in shares of Angi during the 4th quarter worth $94,000. Teacher Retirement System of Texas purchased a new stake in shares of Angi during the 3rd quarter worth $132,000. Finally, Parametric Portfolio Associates LLC purchased a new stake in shares of Angi during the 2nd quarter worth $150,000. 13.74% of the stock is owned by institutional investors and hedge funds.

About Angi (Get Rating)

Angi Inc connects home service professionals with consumers in the United States and internationally. Its Angi Ads business, which connects consumers with service professionals for local services through the Angi nationwide online directory of service professionals in various service categories; provides consumers with valuable tools, services, and content, including verified reviews, to help them research, shop, and hire for local services; and sells term-based website, and mobile and digital magazine advertising to service professionals, as well as provides quoting, invoicing, and payment services.

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Earnings History and Estimates for Angi (NASDAQ:ANGI)

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