Zacks: Analysts Expect Angie's List Inc (ANGI) Will Post Earnings of -$0.05 Per Share
Wall Street brokerages expect Angie's List Inc (NASDAQ:ANGI) to report ($0.05) earnings per share (EPS) for the current quarter, according to Zacks Investment Research. Four analysts have issued estimates for Angie's List’s earnings. The highest EPS estimate is ($0.03) and the lowest is ($0.10). Angie's List posted earnings of ($0.07) per share during the same quarter last year, which suggests a positive year over year growth rate of 28.6%. The firm is expected to report its next quarterly earnings results before the market opens on Wednesday, May 3rd.
On average, analysts expect that Angie's List will report full-year earnings of ($0.11) per share for the current fiscal year, with EPS estimates ranging from ($0.28) to $0.02. For the next fiscal year, analysts expect that the company will post earnings of ($0.07) per share, with EPS estimates ranging from ($0.17) to $0.05. Zacks Investment Research’s EPS calculations are a mean average based on a survey of sell-side research analysts that cover Angie's List.
Angie's List (NASDAQ:ANGI) last released its earnings results on Wednesday, February 15th. The technology company reported $0.15 EPS for the quarter, topping analysts’ consensus estimates of $0.03 by $0.12. The company earned $76.70 million during the quarter, compared to analysts’ expectations of $78.01 million. Angie's List had a negative net margin of 0.56% and a negative return on equity of 293.31%. Angie's List’s revenue for the quarter was down 11.1% on a year-over-year basis. During the same period last year, the business earned $0.24 EPS.
Several equities research analysts recently weighed in on the company. Loop Capital reaffirmed a “buy” rating and set a $12.00 price target on shares of Angie's List in a report on Tuesday, February 14th. Cowen and Company reaffirmed a “market perform” rating and set a $6.50 price target on shares of Angie's List in a report on Tuesday, January 17th. Needham & Company LLC reaffirmed a “hold” rating on shares of Angie's List in a report on Thursday, February 16th. Roth Capital downgraded Angie's List from a “neutral” rating to a “sell” rating and decreased their price target for the stock from $6.50 to $4.75 in a report on Thursday, February 16th. Finally, Zacks Investment Research downgraded Angie's List from a “hold” rating to a “strong sell” rating in a report on Tuesday, January 3rd. Two investment analysts have rated the stock with a sell rating, four have issued a hold rating, one has given a buy rating and one has issued a strong buy rating to the company. The stock presently has an average rating of “Hold” and an average target price of $8.30.
Angie's List (NASDAQ:ANGI) traded up 1.820% during mid-day trading on Tuesday, reaching $5.875. 213,522 shares of the company were exchanged. The stock has a 50-day moving average of $5.65 and a 200 day moving average of $7.29. The firm’s market capitalization is $349.15 million. Angie's List has a 1-year low of $5.22 and a 1-year high of $10.76.
In other Angie's List news, COO J Mark Howell sold 7,342 shares of the firm’s stock in a transaction on Wednesday, March 1st. The stock was sold at an average price of $5.45, for a total value of $40,013.90. Following the completion of the sale, the chief operating officer now owns 101,401 shares of the company’s stock, valued at $552,635.45. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, CEO Scott A. Durchslag sold 40,358 shares of the firm’s stock in a transaction on Friday, March 10th. The shares were sold at an average price of $5.51, for a total value of $222,372.58. Following the completion of the sale, the chief executive officer now directly owns 290,708 shares of the company’s stock, valued at approximately $1,601,801.08. The disclosure for this sale can be found here. In the last three months, insiders sold 65,652 shares of company stock valued at $360,058. 35.80% of the stock is owned by corporate insiders.
A number of large investors have recently added to or reduced their stakes in the stock. Worth Venture Partners LLC acquired a new stake in Angie's List during the fourth quarter worth approximately $755,000. TCS Capital Management LLC acquired a new stake in Angie's List during the fourth quarter worth approximately $48,683,000. Davis Selected Advisers increased its stake in Angie's List by 2.3% in the fourth quarter. Davis Selected Advisers now owns 3,279,686 shares of the technology company’s stock worth $26,992,000 after buying an additional 73,226 shares during the period. Royce & Associates LP boosted its position in shares of Angie's List by 6.3% in the fourth quarter. Royce & Associates LP now owns 34,045 shares of the technology company’s stock worth $280,000 after buying an additional 2,029 shares in the last quarter. Finally, Dimensional Fund Advisors LP boosted its position in shares of Angie's List by 16.6% in the fourth quarter. Dimensional Fund Advisors LP now owns 298,505 shares of the technology company’s stock worth $2,457,000 after buying an additional 42,476 shares in the last quarter. 66.62% of the stock is owned by institutional investors.
About Angie's List
Angie’s List, Inc operates a national local services consumer review service and marketplace. As of December 31, 2016, the Company helped facilitate transactions between over five million members and its collection of service providers in over 700 categories of service nationwide. Its tools, services and content across multiple platforms enables consumers to research, shop for and purchase local services for needs, as well as rate and review the providers of these services across the United States.
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