Enphase Energy Inc (ENPH) Expected to Announce Quarterly Sales of $85.04 Million

Analysts expect Enphase Energy Inc (NASDAQ:ENPH) to post $85.04 million in sales for the current fiscal quarter, Zacks Investment Research reports. Five analysts have provided estimates for Enphase Energy’s earnings, with estimates ranging from $80.70 million to $87.40 million. Enphase Energy reported sales of $79.67 million in the same quarter last year, which would suggest a positive year over year growth rate of 6.7%. The company is scheduled to announce its next earnings report on Tuesday, February 26th.

On average, analysts expect that Enphase Energy will report full-year sales of $308.92 million for the current year, with estimates ranging from $304.60 million to $311.30 million. For the next financial year, analysts anticipate that the business will post sales of $388.96 million, with estimates ranging from $373.90 million to $412.90 million. Zacks Investment Research’s sales calculations are an average based on a survey of analysts that follow Enphase Energy.

Enphase Energy (NASDAQ:ENPH) last posted its quarterly earnings data on Tuesday, November 6th. The semiconductor company reported $0.04 earnings per share for the quarter, hitting the consensus estimate of $0.04. The company had revenue of $78.00 million during the quarter, compared to the consensus estimate of $79.55 million. During the same quarter last year, the firm earned ($0.01) EPS. The business’s revenue for the quarter was up 1.3% on a year-over-year basis.

A number of research firms have commented on ENPH. Zacks Investment Research lowered shares of Enphase Energy from a “buy” rating to a “hold” rating in a report on Wednesday, August 1st. B. Riley set a $8.00 target price on shares of Enphase Energy and gave the stock a “buy” rating in a report on Wednesday, November 7th. BidaskClub lowered shares of Enphase Energy from a “hold” rating to a “sell” rating in a report on Tuesday, July 31st. HC Wainwright reaffirmed a “buy” rating and set a $9.00 target price on shares of Enphase Energy in a report on Wednesday, August 1st. Finally, ValuEngine raised shares of Enphase Energy from a “sell” rating to a “hold” rating in a report on Tuesday, October 2nd. One analyst has rated the stock with a sell rating, two have issued a hold rating and six have given a buy rating to the stock. The stock currently has an average rating of “Buy” and an average target price of $7.21.

ENPH stock traded down $0.15 during trading on Friday, hitting $5.30. The company had a trading volume of 119,691 shares, compared to its average volume of 1,722,868. The company has a debt-to-equity ratio of 21.18, a current ratio of 1.55 and a quick ratio of 1.42. Enphase Energy has a 12 month low of $1.83 and a 12 month high of $7.60. The stock has a market capitalization of $579.49 million, a PE ratio of -9.80 and a beta of 0.48.

In other news, CFO Eric Branderiz purchased 19,880 shares of the firm’s stock in a transaction dated Thursday, August 23rd. The stock was bought at an average price of $5.03 per share, with a total value of $99,996.40. Following the acquisition, the chief financial officer now directly owns 19,880 shares of the company’s stock, valued at $99,996.40. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Badrinarayanan Kothandaraman purchased 15,000 shares of the firm’s stock in a transaction dated Thursday, November 8th. The stock was purchased at an average cost of $5.69 per share, with a total value of $85,350.00. Following the acquisition, the chief executive officer now directly owns 129,440 shares in the company, valued at $736,513.60. The disclosure for this purchase can be found here. 13.52% of the stock is owned by insiders.

Hedge funds have recently made changes to their positions in the company. BW Gestao de Investimentos Ltda. acquired a new position in Enphase Energy in the 3rd quarter worth $499,000. Teachers Advisors LLC boosted its stake in Enphase Energy by 7.8% in the 3rd quarter. Teachers Advisors LLC now owns 179,153 shares of the semiconductor company’s stock worth $869,000 after purchasing an additional 13,030 shares during the period. AQR Capital Management LLC boosted its stake in Enphase Energy by 78.9% in the 3rd quarter. AQR Capital Management LLC now owns 694,125 shares of the semiconductor company’s stock worth $3,367,000 after purchasing an additional 306,193 shares during the period. HRT Financial LLC acquired a new position in Enphase Energy in the 3rd quarter worth $107,000. Finally, Tenzing Global Management LLC boosted its stake in Enphase Energy by 25.0% in the 3rd quarter. Tenzing Global Management LLC now owns 3,750,000 shares of the semiconductor company’s stock worth $18,188,000 after purchasing an additional 750,000 shares during the period. 35.83% of the stock is owned by institutional investors.

Enphase Energy Company Profile

Enphase Energy, Inc, together with its subsidiaries, designs, develops, and sells microinverter systems for residential and commercial markets in the United States and internationally. The company's semiconductor-based microinverter system converts direct current (DC) electricity to alternating current (AC) electricity at the individual solar module level.

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Earnings History and Estimates for Enphase Energy (NASDAQ:ENPH)

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