-$0.44 Earnings Per Share Expected for Vivint Solar, Inc. (VSLR) This Quarter
Equities research analysts forecast that Vivint Solar, Inc. (NYSE:VSLR) will report earnings of ($0.44) per share for the current fiscal quarter, according to Zacks. Two analysts have provided estimates for Vivint Solar’s earnings. The lowest EPS estimate is ($0.52) and the highest is ($0.35). Vivint Solar reported earnings of ($0.49) per share during the same quarter last year, which would indicate a positive year-over-year growth rate of 10.2%. The company is expected to report its next quarterly earnings report on Monday, August 14th.
On average, analysts expect that Vivint Solar will report full-year earnings of ($1.79) per share for the current year, with EPS estimates ranging from ($1.94) to ($1.64). For the next year, analysts expect that the business will post earnings of ($1.50) per share, with EPS estimates ranging from ($1.85) to ($1.14). Zacks’ earnings per share averages are an average based on a survey of research analysts that cover Vivint Solar.
Vivint Solar (NYSE:VSLR) last posted its earnings results on Tuesday, May 9th. The semiconductor company reported ($0.50) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.48) by $0.02. The firm had revenue of $53.11 million during the quarter, compared to analyst estimates of $47.09 million. Vivint Solar had a net margin of 36.54% and a negative return on equity of 29.10%. The firm’s revenue for the quarter was up 208.2% on a year-over-year basis. During the same period last year, the company posted ($0.65) EPS.
VSLR has been the topic of a number of research reports. Zacks Investment Research raised Vivint Solar from a “hold” rating to a “buy” rating and set a $3.25 price objective on the stock in a research note on Thursday, May 11th. Credit Suisse Group set a $4.00 price objective on Vivint Solar and gave the stock a “hold” rating in a research note on Monday, May 8th. Finally, JMP Securities restated a “hold” rating on shares of Vivint Solar in a report on Saturday, March 18th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and three have assigned a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus target price of $4.96.
In related news, CFO Dana C. Russell sold 149,500 shares of Vivint Solar stock in a transaction on Friday, May 12th. The stock was sold at an average price of $2.76, for a total value of $412,620.00. Following the transaction, the chief financial officer now directly owns 250,500 shares in the company, valued at approximately $691,380. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Thomas G. Plagemann sold 46,000 shares of Vivint Solar stock in a transaction on Friday, May 26th. The stock was sold at an average price of $3.06, for a total value of $140,760.00. The disclosure for this sale can be found here. Insiders sold a total of 463,800 shares of company stock worth $1,331,342 over the last 90 days. Insiders own 5.20% of the company’s stock.
Several institutional investors have recently modified their holdings of VSLR. FMR LLC boosted its position in shares of Vivint Solar by 8.4% in the fourth quarter. FMR LLC now owns 9,678,104 shares of the semiconductor company’s stock worth $24,679,000 after buying an additional 752,239 shares during the last quarter. Parametric Portfolio Associates LLC boosted its position in shares of Vivint Solar by 235.2% in the first quarter. Parametric Portfolio Associates LLC now owns 201,415 shares of the semiconductor company’s stock worth $564,000 after buying an additional 141,329 shares during the last quarter. Neuberger Berman Group LLC boosted its position in shares of Vivint Solar by 108.3% in the first quarter. Neuberger Berman Group LLC now owns 101,935 shares of the semiconductor company’s stock worth $285,000 after buying an additional 53,000 shares during the last quarter. OMERS ADMINISTRATION Corp bought a new position in shares of Vivint Solar during the first quarter worth about $118,000. Finally, IPG Investment Advisors LLC bought a new position in shares of Vivint Solar during the first quarter worth about $112,000. Institutional investors and hedge funds own 93.77% of the company’s stock.
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Vivint Solar (NYSE:VSLR) traded up 5.00% during mid-day trading on Monday, reaching $4.20. The company’s stock had a trading volume of 309,892 shares. The company has a market capitalization of $464.42 million, a PE ratio of 7.82 and a beta of -0.14. Vivint Solar has a 1-year low of $2.50 and a 1-year high of $4.20. The firm has a 50 day moving average price of $3.10 and a 200-day moving average price of $2.99.
About Vivint Solar
Vivint Solar, Inc offers distributed solar energy, electricity generated by a solar energy system installed at or near customers’ locations, to residential customers. Through investment funds, the Company owns solar energy systems it installs and provides solar electricity pursuant to long-term contracts with its customers.
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