Analysts predict that Revolution Lighting Technologies, Inc. (NASDAQ:RVLT) will announce $52.21 million in sales for the current quarter, according to Zacks. Three analysts have issued estimates for Revolution Lighting Technologies’ earnings. The highest sales estimate is $53.50 million and the lowest is $50.00 million. Revolution Lighting Technologies posted sales of $50.17 million during the same quarter last year, which would indicate a positive year-over-year growth rate of 4.1%. The business is scheduled to announce its next quarterly earnings report on Wednesday, November 8th.

According to Zacks, analysts expect that Revolution Lighting Technologies will report full year sales of $52.21 million for the current financial year, with estimates ranging from $195.18 million to $200.00 million. For the next fiscal year, analysts anticipate that the company will report sales of $242.46 million per share, with estimates ranging from $235.00 million to $252.27 million. Zacks Investment Research’s sales averages are an average based on a survey of sell-side research analysts that follow Revolution Lighting Technologies.

Revolution Lighting Technologies (NASDAQ:RVLT) last posted its earnings results on Thursday, July 27th. The electronics maker reported $0.03 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.04 by $0.01. The business had revenue of $43.40 million during the quarter, compared to the consensus estimate of $43.53 million. Revolution Lighting Technologies had a negative net margin of 1.42% and a positive return on equity of 0.08%. The business’s revenue was up .7% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.04 EPS.

Several research firms have commented on RVLT. Roth Capital set a $13.00 target price on shares of Revolution Lighting Technologies and gave the company a “buy” rating in a report on Wednesday, May 3rd. HC Wainwright set a $16.00 price target on shares of Revolution Lighting Technologies and gave the company a “buy” rating in a report on Friday, July 28th.

Large investors have recently bought and sold shares of the company. Royce & Associates LP increased its stake in Revolution Lighting Technologies by 4.6% in the first quarter. Royce & Associates LP now owns 1,146,654 shares of the electronics maker’s stock valued at $8,577,000 after buying an additional 50,510 shares in the last quarter. Wells Fargo & Company MN increased its stake in Revolution Lighting Technologies by 122.0% in the first quarter. Wells Fargo & Company MN now owns 124,311 shares of the electronics maker’s stock valued at $930,000 after buying an additional 68,306 shares in the last quarter. Lapides Asset Management LLC increased its stake in Revolution Lighting Technologies by 10.5% in the first quarter. Lapides Asset Management LLC now owns 94,800 shares of the electronics maker’s stock valued at $709,000 after buying an additional 9,000 shares in the last quarter. Fifth Third Bancorp acquired a new stake in Revolution Lighting Technologies during the first quarter valued at approximately $299,000. Finally, Signia Capital Management LLC increased its stake in Revolution Lighting Technologies by 64.5% in the first quarter. Signia Capital Management LLC now owns 723,022 shares of the electronics maker’s stock valued at $5,408,000 after buying an additional 283,381 shares in the last quarter. Institutional investors and hedge funds own 30.13% of the company’s stock.

Shares of Revolution Lighting Technologies (RVLT) opened at 6.71 on Monday. The company’s market cap is $141.37 million. The company has a 50-day moving average of $7.11 and a 200-day moving average of $7.31. Revolution Lighting Technologies has a 1-year low of $5.21 and a 1-year high of $9.17.

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About Revolution Lighting Technologies

Revolution Lighting Technologies, Inc designs, manufactures, markets and sells commercial grade light-emitting diode (LED) and conventional lighting fixtures. The Company operates in Lighting Products and Solutions (principally LED fixtures and lamps) segment. The Company’s products are used for outdoor and indoor applications, LED-based signage, channel-letter and contour lighting products, LED replacement lamps and commercial grade smart grid control systems.

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