Sunworks (SUNW) Issues Earnings Results

Sunworks (NASDAQ:SUNW) posted its earnings results on Tuesday. The semiconductor company reported ($0.07) earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of ($0.07), Fidelity Earnings reports. The company had revenue of $13.45 million for the quarter, compared to analysts’ expectations of $13.40 million. Sunworks had a negative return on equity of 33.42% and a negative net margin of 7.91%. During the same period last year, the business posted ($0.14) earnings per share.

SUNW stock opened at $1.15 on Thursday. The company has a current ratio of 1.18, a quick ratio of 1.00 and a debt-to-equity ratio of 0.07. The firm has a market capitalization of $28.94 million, a price-to-earnings ratio of -3.59, a P/E/G ratio of 2.08 and a beta of 1.44. Sunworks has a 1 year low of $1.19 and a 1 year high of $1.24.

SUNW has been the topic of a number of recent research reports. Zacks Investment Research upgraded Sunworks from a “sell” rating to a “hold” rating in a research note on Saturday, March 3rd. ValuEngine upgraded Sunworks from a “sell” rating to a “hold” rating in a research note on Friday, April 6th. Three equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. Sunworks currently has an average rating of “Hold” and an average price target of $2.67.

About Sunworks

Sunworks, Inc, through its subsidiaries, provides photo voltaic based power systems for the agricultural, commercial, industrial, and residential markets in California, Nevada, Oregon, and Washington, the United States. The company also designs, arranges, finances, integrates, installs, and manages systems ranging in size from 2 kilowatt for residential loads to multi megawatt systems for larger commercial projects.

Earnings History for Sunworks (NASDAQ:SUNW)

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