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

According to Zacks, analysts expect that Enphase Energy will report full year sales of $76.96 million for the current financial year, with estimates ranging from $278.57 million to $300.10 million. For the next financial year, analysts expect that the business will report sales of $344.37 million per share, with estimates ranging from $317.40 million to $364.20 million. Zacks Investment Research’s sales averages are a mean average based on a survey of sell-side analysts that follow Enphase Energy.

Enphase Energy (NASDAQ:ENPH) last issued its quarterly earnings data on Tuesday, August 8th. The semiconductor company reported ($0.09) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ 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 during the quarter, compared to analyst estimates of $74.48 million. During the same period last year, the business earned ($0.30) EPS. The firm’s revenue was down 5.7% compared to the same quarter last year.

Several equities research analysts recently weighed in on ENPH shares. Cowen and Company restated a “buy” rating and issued a $2.00 target price on shares of Enphase Energy in a report on Sunday, September 24th. Needham & Company LLC restated a “hold” rating on shares of Enphase Energy in a report on Tuesday, September 26th. ValuEngine upgraded Enphase Energy from a “strong sell” rating to a “sell” rating in a report on Wednesday, September 27th. Finally, Zacks Investment Research lowered Enphase Energy from a “hold” rating to a “sell” rating in a report on Friday, August 11th. Two research analysts have rated the stock with a sell rating, three have issued a hold rating and five have issued a buy rating to the company. The stock has a consensus rating of “Hold” and an average price target of $2.08.

Shares of Enphase Energy (NASDAQ ENPH) opened at 1.37 on Friday. The firm has a 50-day moving average of $1.38 and a 200 day moving average of $1.05. Enphase Energy has a 12 month low of $0.65 and a 12 month high of $2.03. The firm’s market cap is $115.88 million.

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Several hedge funds have recently modified their holdings of the company. Divisar Capital Management LLC lifted its holdings in shares of Enphase Energy by 11.8% during the second quarter. Divisar Capital Management LLC now owns 1,131,297 shares of the semiconductor company’s stock worth $979,000 after buying an additional 119,459 shares during the last quarter. Goldman Sachs Group Inc. lifted its holdings in shares of Enphase Energy by 10,872.8% during the second quarter. Goldman Sachs Group Inc. now owns 1,846,393 shares of the semiconductor company’s stock worth $1,597,000 after buying an additional 1,829,566 shares during the last quarter. K2 Principal Fund L.P. lifted its holdings in shares of Enphase Energy by 470.1% during the second quarter. K2 Principal Fund L.P. now owns 440,810 shares of the semiconductor company’s stock worth $381,000 after buying an additional 363,490 shares during the last quarter. Vanguard Group Inc. lifted its holdings in shares of Enphase Energy by 4.6% during the second quarter. Vanguard Group Inc. now owns 1,939,428 shares of the semiconductor company’s stock worth $1,678,000 after buying an additional 84,549 shares during the last quarter. Finally, Northern Trust Corp lifted its holdings in shares of Enphase Energy by 4.6% during 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 last quarter. Institutional investors own 19.19% of the company’s stock.

Enphase Energy Company Profile

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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