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

Angi (NASDAQ:ANGI) announced its quarterly earnings results on Tuesday. The technology company reported ($0.22) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.41) by $0.19, FiscalAI reports. The business had revenue of $238.15 million during the quarter, compared to analyst estimates of $240.64 million. Angi had a return on equity of 4.41% and a net margin of 4.25%.The firm’s revenue was down 3.1% on a year-over-year basis. During the same period in the previous year, the company earned $0.30 EPS.

Angi Price Performance

Shares of Angi stock opened at $7.41 on Wednesday. The company has a current ratio of 1.65, a quick ratio of 1.65 and a debt-to-equity ratio of 0.54. The firm has a fifty day simple moving average of $7.53 and a 200-day simple moving average of $10.55. The stock has a market capitalization of $297.14 million, a price-to-earnings ratio of 7.97 and a beta of 1.70. Angi has a 1-year low of $6.43 and a 1-year high of $19.42.

Wall Street Analyst Weigh In

A number of analysts have issued reports on the stock. Truist Financial set a $17.00 target price on shares of Angi and gave the company a “buy” rating in a research note on Wednesday, February 11th. Weiss Ratings restated a “sell (d)” rating on shares of Angi in a research note on Friday, March 27th. Benchmark restated a “buy” rating on shares of Angi in a report on Thursday, February 12th. KeyCorp set a $11.00 price objective on shares of Angi in a report on Thursday, February 12th. Finally, UBS Group reissued a “neutral” rating on shares of Angi in a research report on Thursday, February 12th. Three analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $15.60.

Angi Company Profile

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.