Brokerages forecast that Revolution Lighting Technologies, Inc. (NASDAQ:RVLT) will report $42.56 million in sales for the current fiscal quarter, Zacks reports. Three analysts have provided estimates for Revolution Lighting Technologies’ earnings, with the lowest sales estimate coming in at $42.00 million and the highest estimate coming in at $43.00 million. Revolution Lighting Technologies posted sales of $50.17 million in the same quarter last year, which indicates a negative year over year growth rate of 15.2%. The company is expected to announce its next quarterly earnings results before the market opens on Thursday, October 26th.

On average, analysts expect that Revolution Lighting Technologies will report full-year sales of $42.56 million for the current fiscal year, with estimates ranging from $176.90 million to $180.20 million. For the next fiscal year, analysts anticipate that the firm will report sales of $229.49 million per share, with estimates ranging from $215.00 million to $252.27 million. Zacks’ sales averages are a mean average based on a survey of sell-side research analysts that cover Revolution Lighting Technologies.

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

Several equities analysts recently commented on the company. Roth Capital set a $13.00 price objective on Revolution Lighting Technologies and gave the company a “buy” rating in a research note on Saturday, July 1st. HC Wainwright reiterated a “buy” rating and issued a $16.00 price objective on shares of Revolution Lighting Technologies in a research note on Monday, September 25th. Finally, ValuEngine downgraded Revolution Lighting Technologies from a “hold” rating to a “sell” rating in a research note on Monday, September 18th.

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Revolution Lighting Technologies (NASDAQ:RVLT) traded up 2.72% during mid-day trading on Tuesday, reaching $5.67. The company had a trading volume of 81,101 shares. The company’s 50-day moving average is $6.74 and its 200-day moving average is $7.33. The stock’s market capitalization is $119.46 million. Revolution Lighting Technologies has a one year low of $5.21 and a one year high of $9.17.

A number of institutional investors have recently bought and sold shares of the stock. Teachers Advisors LLC purchased a new stake in shares of Revolution Lighting Technologies during the second quarter worth $143,000. California State Teachers Retirement System purchased a new stake in shares of Revolution Lighting Technologies during the second quarter worth $144,000. Schwab Charles Investment Management Inc. purchased a new stake in shares of Revolution Lighting Technologies during the second quarter worth $182,000. Bank of New York Mellon Corp purchased a new stake in shares of Revolution Lighting Technologies during the second quarter worth $217,000. Finally, TIAA CREF Investment Management LLC purchased a new stake in shares of Revolution Lighting Technologies during the second quarter worth $218,000. Institutional investors and hedge funds own 31.92% of the company’s stock.

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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