Research Analysts Issue Forecasts for Revolution Lighting Technologies, Inc.’s Q3 2017 Earnings (RVLT)

Revolution Lighting Technologies, Inc. (NASDAQ:RVLT) – Equities research analysts at Zacks Investment Research decreased their Q3 2017 earnings per share (EPS) estimates for Revolution Lighting Technologies in a research report issued to clients and investors on Thursday. Zacks Investment Research analyst L. Thompson now forecasts that the electronics maker will earn $0.12 per share for the quarter, down from their prior forecast of $0.18.

A number of other research firms have also recently commented on RVLT. Roth Capital set a $13.00 target price on Revolution Lighting Technologies and gave the stock a “buy” rating in a research note on Saturday, July 1st. HC Wainwright set a $16.00 target price on Revolution Lighting Technologies and gave the stock a “buy” rating in a research note on Friday. Finally, TheStreet upgraded Revolution Lighting Technologies from a “d+” rating to a “c” rating in a research note on Thursday, April 13th.

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Revolution Lighting Technologies (NASDAQ:RVLT) opened at 7.39 on Monday. The firm’s market capitalization is $155.70 million. The firm has a 50 day moving average of $6.99 and a 200 day moving average of $7.27. Revolution Lighting Technologies has a 12-month low of $5.21 and a 12-month high of $9.17.

Revolution Lighting Technologies (NASDAQ:RVLT) last released its quarterly earnings data on Thursday, July 27th. The electronics maker reported $0.03 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.04 by $0.01. Revolution Lighting Technologies had a negative net margin of 1.42% and a positive return on equity of 0.08%. The company had revenue of $43.40 million during the quarter, compared to analyst estimates of $43.53 million. During the same quarter in the prior year, the firm earned $0.04 earnings per share. Revolution Lighting Technologies’s revenue for the quarter was up .7% on a year-over-year basis.

Several large investors have recently added to or reduced their stakes in the company. Royce & Associates LP boosted its stake in Revolution Lighting Technologies by 4.6% in the first quarter. Royce & Associates LP now owns 1,146,654 shares of the electronics maker’s stock worth $8,577,000 after buying an additional 50,510 shares during the last quarter. Signia Capital Management LLC boosted its stake in Revolution Lighting Technologies by 64.5% in the first quarter. Signia Capital Management LLC now owns 723,022 shares of the electronics maker’s stock worth $5,408,000 after buying an additional 283,381 shares during the last quarter. Wells Fargo & Company MN boosted its stake in Revolution Lighting Technologies by 122.0% in the first quarter. Wells Fargo & Company MN now owns 124,311 shares of the electronics maker’s stock worth $930,000 after buying an additional 68,306 shares during the last quarter. Lapides Asset Management LLC boosted its stake in Revolution Lighting Technologies by 10.5% in the first quarter. Lapides Asset Management LLC now owns 94,800 shares of the electronics maker’s stock worth $709,000 after buying an additional 9,000 shares during the last quarter. Finally, Russell Investments Group Ltd. acquired a new stake in Revolution Lighting Technologies during the fourth quarter worth approximately $357,000. Institutional investors own 29.39% of the company’s stock.

About Revolution Lighting Technologies

Revolution Lighting Technologies, Inc designs, manufactures, markets and sells commercial grade light-emitting diode (LED) and conventional lighting fixtures. The Company operates in Lighting Products and Solutions (principally LED fixtures and lamps) segment. The Company’s products are used for outdoor and indoor applications, LED-based signage, channel-letter and contour lighting products, LED replacement lamps and commercial grade smart grid control systems.

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