Brokerages expect Enphase Energy, Inc. (NASDAQ:ENPH) to post $76.96 million in sales for the current fiscal quarter, Zacks Investment Research reports. Four analysts have provided estimates for Enphase Energy’s earnings. The highest sales estimate is $77.72 million and the lowest is $76.00 million. Enphase Energy reported sales of $88.68 million during the same quarter last year, which would suggest a negative year-over-year growth rate of 13.2%. The business is expected to report its next quarterly earnings report on Tuesday, November 7th.

On average, analysts expect that Enphase Energy will report full year sales of $76.96 million for the current year, with estimates ranging from $278.57 million to $300.10 million. For the next financial year, analysts anticipate that the company will post sales of $344.37 million per share, with estimates ranging from $317.40 million to $364.20 million. Zacks’ sales calculations are an average based on a survey of sell-side research analysts that cover Enphase Energy.

Enphase Energy (NASDAQ:ENPH) last posted its quarterly earnings data on Tuesday, August 8th. The semiconductor company reported ($0.09) earnings per share for the quarter, missing the Zacks’ consensus estimate of ($0.08) by $0.01. Enphase Energy had a negative net margin of 21.81% and a negative return on equity of 1,232.10%. The firm had revenue of $74.70 million for the quarter, compared to the consensus estimate of $74.48 million. During the same quarter last year, the firm earned ($0.30) EPS. The company’s revenue was down 5.7% on a year-over-year basis.

Several research firms recently weighed in on ENPH. Zacks Investment Research upgraded Enphase Energy from a “sell” rating to a “hold” rating in a research report on Monday, July 3rd. Roth Capital set a $1.00 target price on Enphase Energy and gave the stock a “hold” rating in a research report on Thursday, June 22nd. ValuEngine downgraded Enphase Energy from a “sell” rating to a “strong sell” rating in a research report on Friday, June 2nd. Deutsche Bank AG upgraded Enphase Energy from a “sell” rating to a “hold” rating and set a $1.00 target price on the stock in a research report on Tuesday, June 20th. Finally, Craig Hallum set a $2.00 target price on Enphase Energy and gave the stock a “buy” rating in a research report on Monday, June 12th. Two research analysts have rated the stock with a sell rating, three have assigned a hold rating and four have issued a buy rating to the stock. The stock presently has an average rating of “Hold” and an average price target of $1.96.

Large investors have recently bought and sold shares of the stock. K2 Principal Fund L.P. bought a new stake in Enphase Energy during the first quarter worth about $106,000. Northern Trust Corp raised its stake in Enphase Energy by 4.6% in the second quarter. Northern Trust Corp now owns 125,328 shares of the semiconductor company’s stock worth $108,000 after buying an additional 5,479 shares during the period. First Trust Advisors LP raised its stake in Enphase Energy by 55.4% in the second quarter. First Trust Advisors LP now owns 125,973 shares of the semiconductor company’s stock worth $109,000 after buying an additional 44,908 shares during the period. KBC Group NV raised its stake in Enphase Energy by 40.8% in the first quarter. KBC Group NV now owns 89,472 shares of the semiconductor company’s stock worth $123,000 after buying an additional 25,926 shares during the period. Finally, Trellus Management Company LLC bought a new stake in Enphase Energy during the first quarter worth about $171,000. Institutional investors and hedge funds own 25.73% of the company’s stock.

Enphase Energy (NASDAQ:ENPH) opened at 0.9375 on Friday. The company’s market cap is $79.29 million. The firm’s 50-day moving average is $0.87 and its 200-day moving average is $1.08. Enphase Energy has a 52-week low of $0.65 and a 52-week high of $2.03.

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About Enphase Energy

Enphase Energy, Inc is a provider of energy management solutions. The Company is engaged in designing, developing, manufacturing and selling microinverter systems for the solar photovoltaic industry. Its semiconductor-based microinverter system converts direct current (DC) electricity to alternating current (AC) electricity.

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