Angi (NASDAQ:ANGI) Announces Earnings Results, Beats Estimates By $0.19 EPS

Angi (NASDAQ:ANGI) issued its earnings results on Tuesday. The technology company reported ($0.22) EPS for the quarter, topping the consensus estimate of ($0.41) by $0.19, FiscalAI reports. Angi had a return on equity of 4.41% and a net margin of 4.25%.The business had revenue of $238.15 million during the quarter, compared to the consensus estimate of $240.64 million. During the same quarter last year, the company earned $0.30 EPS. The firm’s revenue was down 3.1% compared to the same quarter last year.

Angi Price Performance

Shares of NASDAQ ANGI traded up $0.15 during mid-day trading on Tuesday, reaching $7.41. 1,141,746 shares of the company were exchanged, compared to its average volume of 699,889. Angi has a 52 week low of $6.43 and a 52 week high of $19.42. The company’s 50 day moving average price is $7.53 and its 200 day moving average price is $10.55. The stock has a market capitalization of $297.14 million, a PE ratio of 7.97 and a beta of 1.70. The company has a quick ratio of 1.65, a current ratio of 1.65 and a debt-to-equity ratio of 0.54.

Analyst Ratings Changes

Several brokerages have recently weighed in on ANGI. KeyCorp set a $11.00 price target on Angi in a research report on Thursday, February 12th. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Angi in a research note on Friday, March 27th. UBS Group reaffirmed a “neutral” rating on shares of Angi in a research note on Thursday, February 12th. Royal Bank Of Canada reaffirmed a “sector perform” rating and set a $12.00 price objective (down from $18.00) on shares of Angi in a research note on Tuesday, February 17th. Finally, Benchmark reaffirmed a “buy” rating on shares of Angi in a research note on Thursday, February 12th. Three investment analysts have rated the stock with a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $15.60.

About Angi

Angi (NASDAQ: ANGI) operates a digital marketplace that connects homeowners and renters with service professionals for home improvement, maintenance and repair projects. Through its flagship platform, Angi provides user-friendly tools that allow consumers to research service providers, compare prices, read verified reviews and book appointments. The company’s services span a wide range of home needs, including plumbing, electrical work, landscaping, painting, cleaning, remodeling and general handyman tasks.

Originally founded in 1995 as Angie’s List, the company built its reputation on a subscription-based model and a comprehensive database of customer reviews.