EnerNOC (ENOC) Posts Quarterly Results
EnerNOC (NASDAQ:ENOC) posted its quarterly earnings results on Thursday. The company reported ($0.74) earnings per share (EPS) for the quarter, beating the consensus estimate of ($1.24) by $0.50, Analyst Ratings Net reports. The company had revenue of $44.05 million for the quarter, compared to the consensus estimate of $43.22 million. During the same quarter in the previous year, the company posted ($1.05) earnings per share. The company’s revenue for the quarter was up 21.9% on a year-over-year basis. EnerNOC updated its Q3 guidance to $3.51-3.58 EPS and its FY14 guidance to $1.36-1.45 EPS.
A number of analysts have recently weighed in on ENOC shares. Analysts at Needham & Company LLC upgraded shares of EnerNOC from a “buy” rating to a “strong-buy” rating in a research note on Thursday, July 17th. They now have a $28.00 price target on the stock. They noted that the move was a valuation call. Analysts at Credit Suisse reiterated a “neutral” rating on shares of EnerNOC in a research note on Monday, June 2nd. They now have a $20.00 price target on the stock, down previously from $23.00. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating, three have assigned a buy rating and one has given a strong buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus price target of $19.78.
EnerNOC (NASDAQ:ENOC) traded up 0.98% during mid-day trading on Thursday, hitting $18.51. The stock had a trading volume of 340,664 shares. EnerNOC has a 52-week low of $13.98 and a 52-week high of $24.35. The stock has a 50-day moving average of $18.04 and a 200-day moving average of $20.21. The company has a market cap of $520.9 million and a price-to-earnings ratio of 23.99.
In other EnerNOC news, SVP Gregg Dixon sold 10,000 shares of the company’s stock on the open market in a transaction dated Friday, August 1st. The shares were sold at an average price of $17.49, for a total transaction of $174,900.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.
EnerNOC, Inc (NASDAQ:ENOC) is a provider of energy management applications, services and products for the smart grid, which include demand response, data-driven energy efficiency, and energy price and risk management applications, services and products.
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