Angi (ANGI) Set to Announce Quarterly Earnings on Tuesday

Angi (NASDAQ:ANGI) is scheduled to be issuing its quarterly earnings data after the market closes on Tuesday, May 7th. Analysts expect the company to announce earnings of ($0.01) per share for the quarter. Parties interested in listening to the company’s conference call can do so using this link.

Angi (NASDAQ:ANGI) last issued its earnings results on Tuesday, February 13th. The technology company reported $0.01 earnings per share for the quarter, topping the consensus estimate of ($0.02) by $0.03. The business had revenue of $300.43 million for the quarter, compared to analyst estimates of $306.73 million. Angi had a negative return on equity of 3.15% and a negative net margin of 2.84%. On average, analysts expect Angi to post $0 EPS for the current fiscal year and $0 EPS for the next fiscal year.

Angi Stock Performance

Shares of ANGI opened at $2.16 on Tuesday. The company has a market capitalization of $1.08 billion, a price-to-earnings ratio of -27.00 and a beta of 1.96. Angi has a 52-week low of $1.54 and a 52-week high of $4.18. The company has a quick ratio of 1.88, a current ratio of 1.88 and a debt-to-equity ratio of 0.47. The stock has a 50 day moving average price of $2.49 and a 200 day moving average price of $2.31.

Analyst Upgrades and Downgrades

ANGI has been the topic of a number of research analyst reports. Royal Bank of Canada raised their price target on Angi from $2.25 to $3.25 and gave the stock a “sector perform” rating in a research note on Thursday, February 15th. StockNews.com raised shares of Angi from a “hold” rating to a “buy” rating in a research report on Thursday, February 15th. UBS Group lifted their target price on Angi from $2.60 to $3.00 and gave the stock a “neutral” rating in a research report on Thursday, February 15th. Finally, The Goldman Sachs Group increased their price target on Angi from $3.00 to $3.50 and gave the company a “buy” rating in a report on Friday, February 16th. Two 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.com, Angi has an average rating of “Moderate Buy” and an average target price of $4.23.

Insiders Place Their Bets

In other news, CTO Kulesh Shanmugasundaram sold 11,748 shares of the business’s stock in a transaction that occurred on Wednesday, March 6th. The stock was sold at an average price of $2.58, for a total value of $30,309.84. Following the completion of the sale, the chief technology officer now directly owns 160,060 shares in the company, valued at approximately $412,954.80. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Insiders have sold a total of 35,496 shares of company stock valued at $89,540 in the last quarter. Insiders own 1.90% of the company’s stock.

Angi Company Profile

Angi Inc connects home service professionals with consumers in the United States and internationally. The company operates through three segments: Ads and Leads, Services, and International. It provides consumers with tools and resources to help them find local, pre-screened and customer-rated service professionals, matches consumers with independently established home services professionals.