Wall Street analysts expect that Enphase Energy, Inc. (NASDAQ:ENPH) will report sales of $75.91 million for the current fiscal quarter, according to Zacks Investment Research. Four analysts have provided estimates for Enphase Energy’s earnings. The highest sales estimate is $78.00 million and the lowest is $74.30 million. Enphase Energy posted sales of $90.60 million during the same quarter last year, which would indicate a negative year over year growth rate of 16.2%. The firm is expected to issue its next earnings results on Tuesday, February 27th.

On average, analysts expect that Enphase Energy will report full year sales of $75.91 million for the current fiscal year, with estimates ranging from $280.70 million to $284.50 million. For the next fiscal year, analysts expect that the business will report sales of $324.17 million per share, with estimates ranging from $309.80 million to $332.00 million. Zacks’ sales averages are a mean average based on a survey of research firms that follow Enphase Energy.

Enphase Energy (NASDAQ:ENPH) last announced its earnings results on Tuesday, November 7th. The semiconductor company reported ($0.01) EPS for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.05) by $0.04. Enphase Energy had a negative net margin of 18.66% and a negative return on equity of 1,232.10%. The business had revenue of $77.00 million during the quarter, compared to analysts’ expectations of $77.13 million. During the same quarter in the prior year, the company posted ($0.28) earnings per share. The firm’s revenue was down 13.2% on a year-over-year basis.

ENPH has been the subject of several recent research reports. Cowen restated a “buy” rating and set a $2.00 target price on shares of Enphase Energy in a report on Sunday, September 24th. ValuEngine cut shares of Enphase Energy from a “sell” rating to a “strong sell” rating in a research note on Friday, December 1st. Craig Hallum reiterated a “buy” rating and issued a $4.00 price target on shares of Enphase Energy in a research note on Monday, November 20th. Finally, Needham & Company LLC reiterated a “hold” rating on shares of Enphase Energy in a research note on Tuesday, September 26th. Two investment analysts have rated the stock with a sell rating, three have issued a hold rating and two have issued a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average target price of $2.06.

Shares of Enphase Energy (NASDAQ:ENPH) traded down $0.02 on Thursday, reaching $2.58. 434,100 shares of the company traded hands, compared to its average volume of 643,400. Enphase Energy has a fifty-two week low of $0.65 and a fifty-two week high of $3.45. The firm has a market capitalization of $222.38, a PE ratio of -3.53 and a beta of 1.49. The company has a debt-to-equity ratio of -4.75, a current ratio of 1.59 and a quick ratio of 1.30.

In other news, Director John Howard Weber sold 55,526 shares of the stock in a transaction dated Tuesday, November 21st. The shares were sold at an average price of $2.64, for a total value of $146,588.64. Following the transaction, the director now directly owns 35,326 shares of the company’s stock, valued at $93,260.64. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Badrinarayanan Kothandaraman acquired 40,677 shares of the company’s stock in a transaction dated Thursday, November 9th. The stock was bought at an average cost of $1.78 per share, for a total transaction of $72,405.06. Following the completion of the transaction, the chief executive officer now directly owns 40,677 shares of the company’s stock, valued at $72,405.06. The disclosure for this purchase can be found here. Company insiders own 17.37% of the company’s stock.

Institutional investors and hedge funds have recently modified their holdings of the company. Northern Trust Corp raised its position in shares of Enphase Energy by 4.6% in the second quarter. Northern Trust Corp now owns 125,328 shares of the semiconductor company’s stock valued at $108,000 after purchasing an additional 5,479 shares during the period. First Trust Advisors LP raised its position in shares of Enphase Energy by 55.4% in the second quarter. First Trust Advisors LP now owns 125,973 shares of the semiconductor company’s stock valued at $109,000 after purchasing an additional 44,908 shares during the period. KBC Group NV raised its position in shares of Enphase Energy by 101.3% in the third quarter. KBC Group NV now owns 180,137 shares of the semiconductor company’s stock valued at $274,000 after purchasing an additional 90,665 shares during the period. K2 Principal Fund L.P. raised its position in shares of Enphase Energy by 470.1% in the second quarter. K2 Principal Fund L.P. now owns 440,810 shares of the semiconductor company’s stock valued at $381,000 after purchasing an additional 363,490 shares during the period. Finally, Divisar Capital Management LLC raised its position in shares of Enphase Energy by 11.8% in the second quarter. Divisar Capital Management LLC now owns 1,131,297 shares of the semiconductor company’s stock valued at $979,000 after purchasing an additional 119,459 shares during the period. 22.88% of the stock is currently owned by institutional investors.

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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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