Energy Focus, Inc. (NASDAQ:EFOI) – Equities research analysts at Oppenheimer Holdings issued their FY2018 EPS estimates for shares of Energy Focus in a research note issued to investors on Wednesday. Oppenheimer Holdings analyst C. Rusch expects that the construction company will post earnings of ($0.38) per share for the year.
Energy Focus (NASDAQ:EFOI) last released its quarterly earnings data on Wednesday, August 9th. The construction company reported ($0.17) earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.32) by $0.15. Energy Focus had a negative net margin of 77.18% and a negative return on equity of 45.60%. The firm had revenue of $6.01 million for the quarter, compared to the consensus estimate of $5.24 million. During the same quarter in the prior year, the company posted ($0.34) earnings per share. The business’s revenue was down 15.6% on a year-over-year basis.
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Several other research analysts also recently weighed in on the stock. ValuEngine downgraded shares of Energy Focus from a “sell” rating to a “strong sell” rating in a report on Tuesday, September 26th. Roth Capital set a $2.00 price objective on shares of Energy Focus and gave the stock a “hold” rating in a report on Friday, October 6th. Zacks Investment Research downgraded shares of Energy Focus from a “buy” rating to a “hold” rating in a report on Wednesday, October 11th. HC Wainwright restated a “buy” rating and set a $6.00 price objective on shares of Energy Focus in a report on Thursday, August 10th. Finally, B. Riley restated a “hold” rating and set a $3.00 price objective on shares of Energy Focus in a report on Thursday. One research analyst has rated the stock with a sell rating, three have given a hold rating and two have given a buy rating to the company. Energy Focus currently has a consensus rating of “Hold” and a consensus target price of $3.63.
Energy Focus (EFOI) traded down $0.03 on Friday, reaching $2.85. 13,500 shares of the company’s stock traded hands, compared to its average volume of 41,936. Energy Focus has a 1 year low of $1.51 and a 1 year high of $5.32.
A hedge fund recently raised its stake in Energy Focus stock. WealthTrust Axiom LLC lifted its position in Energy Focus, Inc. (NASDAQ:EFOI) by 8.5% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 461,144 shares of the construction company’s stock after acquiring an additional 36,150 shares during the quarter. WealthTrust Axiom LLC owned approximately 3.89% of Energy Focus worth $1,258,000 at the end of the most recent reporting period. Institutional investors own 16.81% of the company’s stock.
About Energy Focus
Energy Focus, Inc along with its subsidiaries is engaged in the design, development, manufacturing, marketing, installation and sale of lighting systems. The Company is engaged in developing and selling of light-emitting diode (LED) lighting products for military maritime market, and general commercial and industrial markets.
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