Analysts Anticipate TerraForm Power, Inc. (TERP) Will Announce Quarterly Sales of $122.56 Million
Equities research analysts expect that TerraForm Power, Inc. (NASDAQ:TERP) will announce sales of $122.56 million for the current quarter, according to Zacks Investment Research. Three analysts have made estimates for TerraForm Power’s earnings. The lowest sales estimate is $110.59 million and the highest is $132.00 million. TerraForm Power reported sales of $135.22 million during the same quarter last year, which indicates a negative year over year growth rate of 9.4%. The company is scheduled to report its next earnings report on Friday, July 20th.
On average, analysts expect that TerraForm Power will report full-year sales of $122.56 million for the current year, with estimates ranging from $585.53 million to $607.00 million. For the next year, analysts forecast that the firm will report sales of $574.06 million per share, with estimates ranging from $506.90 million to $603.34 million. Zacks’ sales calculations are a mean average based on a survey of analysts that cover TerraForm Power.
TerraForm Power (NASDAQ:TERP) last announced its quarterly earnings results on Thursday, November 9th. The solar energy provider reported ($0.31) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.27) by ($0.04). The company had revenue of $153.43 million during the quarter, compared to the consensus estimate of $152.18 million. TerraForm Power had a negative return on equity of 5.87% and a negative net margin of 21.83%.
In related news, major shareholder Brookfield Asset Management In sold 625,000 shares of the firm’s stock in a transaction that occurred on Monday, October 9th. The stock was sold at an average price of $12.95, for a total value of $8,093,750.00. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 34.55% of the stock is owned by company insiders.
Several hedge funds have recently modified their holdings of TERP. Baillie Gifford & Co. increased its position in shares of TerraForm Power by 35.6% during the 3rd quarter. Baillie Gifford & Co. now owns 2,393,500 shares of the solar energy provider’s stock valued at $31,642,000 after purchasing an additional 628,688 shares during the period. Aquamarine Capital Management LLC acquired a new position in shares of TerraForm Power during the 2nd quarter valued at $2,513,000. Vanguard Group Inc. increased its position in shares of TerraForm Power by 1.8% during the 2nd quarter. Vanguard Group Inc. now owns 7,330,136 shares of the solar energy provider’s stock valued at $87,961,000 after purchasing an additional 132,454 shares during the period. Alpine Woods Capital Investors LLC increased its position in shares of TerraForm Power by 10.4% during the 2nd quarter. Alpine Woods Capital Investors LLC now owns 1,195,600 shares of the solar energy provider’s stock valued at $14,347,000 after purchasing an additional 112,600 shares during the period. Finally, State Street Corp increased its position in shares of TerraForm Power by 4.1% during the 2nd quarter. State Street Corp now owns 1,602,705 shares of the solar energy provider’s stock valued at $19,233,000 after purchasing an additional 63,271 shares during the period. Institutional investors own 47.02% of the company’s stock.
TerraForm Power (NASDAQ:TERP) traded down $0.34 on Friday, reaching $11.74. The company had a trading volume of 479,235 shares, compared to its average volume of 357,069. TerraForm Power has a 12-month low of $10.99 and a 12-month high of $14.50. The company has a debt-to-equity ratio of 1.08, a quick ratio of 0.84 and a current ratio of 0.84.
TerraForm Power Company Profile
TerraForm Power, Inc is a United States-based holding company. The Company owns clean power generation assets. This includes solar and wind assets located in the United States, Canada and other markets. Its clean power generation assets serve utility, commercial and residential customers. As of December 31, 2016, the Company’s portfolio consisted of renewable energy facilities located in the United States, Canada, the United Kingdom and Chile with a combined nameplate capacity of 2,983.1 megawatts.
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