Brokerages expect Energous Corporation (NASDAQ:WATT) to post $270,000.00 in sales for the current quarter, according to Zacks. Two analysts have provided estimates for Energous’ earnings. The highest sales estimate is $500,000.00 and the lowest is $30,000.00. Energous posted sales of $130,000.00 in the same quarter last year, which suggests a positive year over year growth rate of 107.7%. The firm is scheduled to report its next earnings results on Wednesday, March 14th.

According to Zacks, analysts expect that Energous will report full year sales of $270,000.00 for the current year, with estimates ranging from $1.16 million to $1.60 million. For the next year, analysts anticipate that the business will report sales of $13.35 million per share, with estimates ranging from $3.90 million to $22.80 million. Zacks’ sales averages are a mean average based on a survey of analysts that cover Energous.

Energous (NASDAQ:WATT) last announced its quarterly earnings results on Wednesday, November 8th. The industrial products company reported ($0.58) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.55) by ($0.03). The company had revenue of $0.25 million for the quarter, compared to the consensus estimate of $1.20 million. Energous had a negative net margin of 4,203.27% and a negative return on equity of 263.95%.

A number of analysts have recently weighed in on WATT shares. Ladenburg Thalmann Financial Services increased their price objective on Energous from $20.00 to $32.00 and gave the company a “buy” rating in a research note on Wednesday. Roth Capital set a $45.80 price objective on Energous and gave the stock a “buy” rating in a report on Thursday, December 28th. ValuEngine upgraded Energous from a “sell” rating to a “hold” rating in a report on Wednesday, December 27th. Finally, Zacks Investment Research downgraded Energous from a “hold” rating to a “sell” rating in a report on Tuesday, November 14th. Two equities research analysts have rated the stock with a sell rating, three have issued a hold rating and two have given a buy rating to the company. Energous presently has an average rating of “Hold” and an average target price of $30.93.

Shares of Energous (NASDAQ WATT) opened at $21.83 on Friday. The stock has a market capitalization of $484.92, a P/E ratio of -8.53 and a beta of 1.93. Energous has a 52 week low of $6.91 and a 52 week high of $33.50.

In related news, Director John Gaulding sold 11,353 shares of the business’s stock in a transaction dated Wednesday, January 3rd. The stock was sold at an average price of $23.67, for a total value of $268,725.51. Following the transaction, the director now owns 97,741 shares in the company, valued at approximately $2,313,529.47. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, VP Neeraj Sahejpal sold 2,846 shares of the business’s stock in a transaction dated Monday, November 13th. The shares were sold at an average price of $9.35, for a total value of $26,610.10. Following the completion of the transaction, the vice president now owns 89,123 shares in the company, valued at approximately $833,300.05. The disclosure for this sale can be found here. Insiders sold a total of 282,562 shares of company stock valued at $7,128,895 over the last quarter. Company insiders own 6.30% of the company’s stock.

Several hedge funds have recently added to or reduced their stakes in the company. Robecosam AG bought a new position in shares of Energous during the second quarter worth about $1,645,000. Vanguard Group Inc. increased its stake in shares of Energous by 12.0% during the second quarter. Vanguard Group Inc. now owns 708,654 shares of the industrial products company’s stock valued at $11,523,000 after acquiring an additional 75,862 shares during the period. Northern Trust Corp boosted its holdings in Energous by 27.8% during the second quarter. Northern Trust Corp now owns 215,155 shares of the industrial products company’s stock worth $3,498,000 after buying an additional 46,799 shares in the last quarter. Wells Fargo & Company MN boosted its holdings in Energous by 223.0% during the third quarter. Wells Fargo & Company MN now owns 63,637 shares of the industrial products company’s stock worth $806,000 after buying an additional 43,937 shares in the last quarter. Finally, Hood River Capital Management LLC boosted its stake in Energous by 2.3% in the 2nd quarter. Hood River Capital Management LLC now owns 1,334,815 shares of the industrial products company’s stock worth $21,704,000 after purchasing an additional 30,400 shares during the period. Institutional investors and hedge funds own 38.97% of the company’s stock.

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About Energous

Energous Corporation is engaged in developing a technology called WattUp that consists of semiconductor chipsets, software, hardware designs and antennas that can enable radio frequency (RF)-based wire-free charging for electronic devices, providing power at a distance and enabling charging with mobility under software control.

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