Energy Focus, Inc. (NASDAQ:EFOI) – Research analysts at Oppenheimer Holdings raised their Q3 2017 earnings per share estimates for shares of Energy Focus in a research note issued to investors on Wednesday. Oppenheimer Holdings analyst C. Rusch now anticipates that the construction company will post earnings per share of ($0.18) for the quarter, up from their previous estimate of ($0.23). Oppenheimer Holdings also issued estimates for Energy Focus’ FY2017 earnings at ($0.99) EPS.

A number of other brokerages also recently commented on EFOI. Zacks Investment Research downgraded shares of Energy Focus from a “hold” rating to a “sell” rating in a report on Tuesday, May 9th. FBR & Co reduced their price objective on shares of Energy Focus from $4.50 to $3.50 and set a “mkt perform” rating on the stock in a research report on Friday, May 5th. Finally, HC Wainwright reissued a “buy” rating and issued a $6.00 price objective on shares of Energy Focus in a research report on Thursday. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and four have issued a buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average price target of $5.96.

COPYRIGHT VIOLATION WARNING: “Energy Focus, Inc. (EFOI) to Post Q3 2017 Earnings of ($0.18) Per Share, Oppenheimer Holdings Forecasts” was originally reported by American Banking News and is the property of of American Banking News. If you are reading this piece of content on another website, it was copied illegally and republished in violation of U.S. & international copyright and trademark law. The original version of this piece of content can be viewed at https://www.americanbankingnews.com/2017/08/14/energy-focus-inc-efoi-to-post-q3-2017-earnings-of-0-18-per-share-oppenheimer-holdings-forecasts.html.

Energy Focus (NASDAQ:EFOI) opened at 1.97 on Monday. The stock has a 50 day moving average price of $2.23 and a 200 day moving average price of $3.12. The stock’s market cap is $23.20 million. Energy Focus has a 12-month low of $1.51 and a 12-month high of $5.50.

Energy Focus (NASDAQ:EFOI) last released its quarterly earnings results on Wednesday, August 9th. The construction company reported ($0.17) earnings per share for the quarter, beating the Zacks’ consensus estimate of ($0.32) by $0.15. Energy Focus had a negative return on equity of 43.27% and a negative net margin of 72.83%. The business had revenue of $6.01 million for the quarter, compared to the consensus estimate of $5.24 million. During the same quarter last year, the business posted ($0.34) earnings per share. The company’s revenue for the quarter was down 15.6% on a year-over-year basis.

Several institutional investors have recently modified their holdings of the company. WealthTrust Axiom LLC raised its position in shares of Energy Focus by 6.5% in the second quarter. WealthTrust Axiom LLC now owns 424,994 shares of the construction company’s stock worth $1,117,000 after buying an additional 26,054 shares during the period. VIEX Capital Advisors LLC acquired a new position in Energy Focus during the first quarter worth about $112,000. Herald Investment Management Ltd acquired a new position in Energy Focus during the first quarter worth about $235,000. Finally, Cambridge Advisors Inc. increased its position in Energy Focus by 3.0% in the first quarter. Cambridge Advisors Inc. now owns 92,778 shares of the construction company’s stock worth $305,000 after buying an additional 2,732 shares in the last quarter. 18.13% of the stock is currently owned by institutional investors and hedge funds.

About Energy Focus

Energy Focus, Inc along with its subsidiaries is engaged in the design, development, manufacturing, marketing, installation and sale of lighting systems. The Company is engaged in developing and selling of light-emitting diode (LED) lighting products for military maritime market, and general commercial and industrial markets.

Receive News & Ratings for Energy Focus Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Energy Focus Inc. and related companies with MarketBeat.com's FREE daily email newsletter.