Vivint Solar, Inc. (VSLR) Set to Announce Earnings on Monday
Vivint Solar, Inc. (NYSE:VSLR) is scheduled to release its earnings data after the market closes on Monday, November 6th. Analysts expect Vivint Solar to post earnings of ($0.29) per share for the quarter.
Vivint Solar (NYSE:VSLR) last announced its quarterly earnings data on Tuesday, August 8th. The semiconductor company reported ($0.33) earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of ($0.40) by $0.07. The business had revenue of $73.00 million during the quarter, compared to analysts’ expectations of $65.41 million. Vivint Solar had a negative return on equity of 26.46% and a net margin of 26.35%. The firm’s quarterly revenue was up 109.2% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.12 earnings per share. On average, analysts expect Vivint Solar to post $-1.49 EPS for the current fiscal year and $-1.34 EPS for the next fiscal year.
Vivint Solar, Inc. (NYSE:VSLR) opened at 3.75 on Monday. The firm’s 50-day moving average price is $3.86 and its 200-day moving average price is $4.12. The stock has a market cap of $429.24 million, a PE ratio of 7.88 and a beta of -0.34. Vivint Solar, Inc. has a 52 week low of $2.50 and a 52 week high of $6.09.
An institutional investor recently raised its position in Vivint Solar stock. State Street Corp lifted its holdings in Vivint Solar, Inc. (NYSE:VSLR) by 5.8% in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 363,520 shares of the semiconductor company’s stock after purchasing an additional 20,027 shares during the quarter. State Street Corp owned about 0.32% of Vivint Solar worth $2,127,000 as of its most recent SEC filing. Institutional investors and hedge funds own 95.46% of the company’s stock.
Several brokerages have issued reports on VSLR. Deutsche Bank AG cut Vivint Solar from a “buy” rating to a “hold” rating and set a $6.00 target price on the stock. in a research report on Wednesday, August 9th. ValuEngine cut Vivint Solar from a “hold” rating to a “sell” rating in a research report on Friday, September 1st. Zacks Investment Research raised Vivint Solar from a “hold” rating to a “buy” rating and set a $5.25 target price on the stock in a research report on Saturday, August 12th. BidaskClub cut Vivint Solar from a “strong-buy” rating to a “buy” rating in a research report on Friday, August 11th. Finally, TheStreet raised Vivint Solar from a “d” rating to a “c” rating in a research report on Monday, October 2nd. Two analysts have rated the stock with a sell rating, five have assigned a hold rating and two have issued a buy rating to the company’s stock. Vivint Solar has a consensus rating of “Hold” and an average price target of $4.71.
Vivint Solar Company Profile
Vivint Solar, Inc offers distributed solar energy, electricity generated by a solar energy system installed at or near customers’ locations, to residential customers. Through investment funds, the Company owns solar energy systems it installs and provides solar electricity pursuant to long-term contracts with its customers.
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