Wall Street brokerages expect Vivint Solar, Inc. (NYSE:VSLR) to report earnings per share of ($0.44) for the current fiscal quarter, Zacks Investment Research reports. Two analysts have made estimates for Vivint Solar’s earnings, with estimates ranging from ($0.52) to ($0.35). Vivint Solar reported earnings per share of ($0.49) in the same quarter last year, which would indicate a positive year over year growth rate of 10.2%. The business is expected to issue its next quarterly earnings report on Monday, August 14th.
According to Zacks, analysts expect that Vivint Solar will report full-year earnings of ($1.79) per share for the current year, with EPS estimates ranging from ($1.94) to ($1.64). For the next financial year, analysts anticipate that the company will report earnings of ($1.50) per share, with EPS estimates ranging from ($1.85) to ($1.14). Zacks’ EPS calculations are an average based on a survey of research analysts that follow Vivint Solar.
Vivint Solar (NYSE:VSLR) last posted its earnings results on Tuesday, May 9th. The semiconductor company reported ($0.50) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.48) by $0.02. The business had revenue of $53.11 million during the quarter, compared to the consensus estimate of $47.09 million. Vivint Solar had a negative return on equity of 29.10% and a net margin of 36.54%. The business’s revenue was up 208.2% on a year-over-year basis. During the same period in the prior year, the firm earned ($0.65) earnings per share.
A number of analysts have recently issued reports on VSLR shares. Goldman Sachs Group, Inc. (The) upgraded shares of Vivint Solar from a “neutral” rating to a “buy” rating and lifted their price objective for the company from $3.50 to $6.00 in a report on Tuesday, June 20th. Zacks Investment Research raised shares of Vivint Solar from a “hold” rating to a “buy” rating and set a $3.25 target price for the company in a research note on Thursday, May 11th. ValuEngine raised shares of Vivint Solar from a “sell” rating to a “hold” rating in a research note on Wednesday, June 21st. Finally, Credit Suisse Group set a $4.00 target price on shares of Vivint Solar and gave the company a “hold” rating in a research note on Monday, May 8th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and four have issued a buy rating to the company. The stock has an average rating of “Hold” and an average target price of $5.32.
Vivint Solar (NYSE:VSLR) traded up 5.94% during mid-day trading on Thursday, hitting $5.35. 621,531 shares of the company traded hands. Vivint Solar has a one year low of $2.50 and a one year high of $6.09. The company’s 50-day moving average is $3.75 and its 200-day moving average is $3.16. The stock has a market capitalization of $591.58 million, a price-to-earnings ratio of 9.96 and a beta of -0.24.
In other news, COO Bryan Christiansen sold 27,033 shares of the business’s stock in a transaction dated Thursday, July 6th. The shares were sold at an average price of $5.50, for a total value of $148,681.50. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider L. Chance Allred sold 30,700 shares of the business’s stock in a transaction dated Thursday, May 25th. The shares were sold at an average price of $3.10, for a total transaction of $95,170.00. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 855,561 shares of company stock valued at $3,394,270. Company insiders own 4.50% of the company’s stock.
Several large investors have recently made changes to their positions in VSLR. IPG Investment Advisors LLC acquired a new stake in shares of Vivint Solar during the first quarter worth about $112,000. Neuberger Berman Group LLC boosted its stake in shares of Vivint Solar by 108.3% in the first quarter. Neuberger Berman Group LLC now owns 101,935 shares of the semiconductor company’s stock worth $285,000 after buying an additional 53,000 shares during the last quarter. OMERS ADMINISTRATION Corp acquired a new stake in shares of Vivint Solar during the first quarter worth about $118,000. Raymond James Financial Services Advisors Inc. boosted its stake in shares of Vivint Solar by 1.4% in the first quarter. Raymond James Financial Services Advisors Inc. now owns 73,259 shares of the semiconductor company’s stock worth $205,000 after buying an additional 1,000 shares during the last quarter. Finally, Parametric Portfolio Associates LLC boosted its stake in shares of Vivint Solar by 235.2% in the first quarter. Parametric Portfolio Associates LLC now owns 201,415 shares of the semiconductor company’s stock worth $564,000 after buying an additional 141,329 shares during the last quarter. 93.77% of the stock is owned by institutional investors.
Vivint Solar Company Profile
Vivint Solar, Inc offers distributed solar energy, electricity generated by a solar energy system installed at or near customers’ locations, to residential customers. Through investment funds, the Company owns solar energy systems it installs and provides solar electricity pursuant to long-term contracts with its customers.
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