Angi (NASDAQ:ANGI) Announces Quarterly Earnings Results

Angi (NASDAQ:ANGI) issued its quarterly earnings results on Monday. The technology company reported $0.07 EPS for the quarter, Zacks reports. Angi had a negative net margin of 0.68% and a negative return on equity of 0.07%. The business had revenue of $296.72 million for the quarter, compared to analysts’ expectations of $295.90 million. During the same period last year, the business earned ($0.01) earnings per share.

Angi Trading Down 26.3 %

NASDAQ:ANGI traded down $0.69 during mid-day trading on Tuesday, reaching $1.93. 4,567,234 shares of the company’s stock traded hands, compared to its average volume of 727,365. Angi has a 12-month low of $1.74 and a 12-month high of $3.10. The company has a debt-to-equity ratio of 0.48, a current ratio of 1.98 and a quick ratio of 1.98. The company has a 50 day moving average price of $2.55 and a 200-day moving average price of $2.34. The firm has a market capitalization of $962.43 million, a price-to-earnings ratio of -205.00 and a beta of 1.95.

Wall Street Analysts Forecast Growth

Separately, UBS Group raised shares of Angi to a “hold” rating in a research note on Monday, October 28th. Two research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $3.21.

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.