Angi (NASDAQ:ANGI) Announces Quarterly Earnings Results, Misses Estimates By $5.83 EPS

Angi (NASDAQ:ANGI) released its quarterly earnings results on Tuesday. The technology company reported ($5.70) earnings per share for the quarter, missing analysts’ consensus estimates of $0.13 by ($5.83), FiscalAI reports. The company had revenue of $248.00 million during the quarter, compared to analysts’ expectations of $253.43 million. Angi had a return on equity of 2.06% and a net margin of 1.93%.The firm’s revenue was down 10.9% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.23 EPS.

Angi Trading Up 4.7%

ANGI opened at $6.21 on Wednesday. Angi has a 12-month low of $4.53 and a 12-month high of $19.42. The company has a debt-to-equity ratio of 0.52, a current ratio of 1.50 and a quick ratio of 1.50. The stock has a market capitalization of $251.19 million, a PE ratio of 15.15 and a beta of 1.62. The firm’s fifty day moving average price is $5.84 and its 200 day moving average price is $7.40.

Analyst Ratings Changes

ANGI has been the subject of several analyst reports. Weiss Ratings restated a “sell (d)” rating on shares of Angi in a research note on Wednesday, June 24th. JPMorgan Chase & Co. dropped their price target on shares of Angi from $10.00 to $5.00 and set a “neutral” rating on the stock in a research note on Thursday, May 7th. The Goldman Sachs Group set a $6.00 target price on Angi and gave the company a “neutral” rating in a research note on Monday, July 13th. Benchmark reaffirmed a “buy” rating on shares of Angi in a research report on Tuesday, May 26th. Finally, Citizens Jmp reiterated a “market perform” rating on shares of Angi in a research note on Monday, July 13th. Two research analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $10.43.

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.