Wall Street analysts predict that Vivint Solar Inc (NYSE:VSLR) will post sales of $64.89 million for the current fiscal quarter, according to Zacks. Two analysts have issued estimates for Vivint Solar’s earnings. The highest sales estimate is $73.60 million and the lowest is $56.18 million. Vivint Solar posted sales of $41.77 million in the same quarter last year, which suggests a positive year-over-year growth rate of 55.4%. The business is scheduled to report its next quarterly earnings results on Thursday, March 15th.

According to Zacks, analysts expect that Vivint Solar will report full year sales of $64.89 million for the current financial year, with estimates ranging from $257.43 million to $274.90 million. For the next fiscal year, analysts forecast that the company will post sales of $340.40 million per share. Zacks’ sales averages are an average based on a survey of sell-side analysts that that provide coverage for Vivint Solar.

Vivint Solar (NYSE:VSLR) last announced its earnings results on Tuesday, November 7th. The company reported ($0.33) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.29) by ($0.04). Vivint Solar had a negative return on equity of 26.04% and a net margin of 18.65%. The firm had revenue of $75.10 million during the quarter, compared to the consensus estimate of $74.56 million. During the same period in the prior year, the company posted ($0.36) EPS. The firm’s revenue was up 81.8% on a year-over-year basis.

Several brokerages have recently issued reports on VSLR. Guggenheim lowered Vivint Solar from a “buy” rating to a “neutral” rating and set a $5.00 target price for the company. in a research report on Thursday. They noted that the move was a valuation call. Zacks Investment Research reissued a “hold” rating on shares of Vivint Solar in a research report on Saturday, January 13th. ValuEngine downgraded Vivint Solar from a “sell” rating to a “strong sell” rating in a research note on Friday, December 1st. Bank of America started coverage on Vivint Solar in a research note on Monday, November 6th. They issued a “buy” rating on the stock. Finally, TheStreet upgraded Vivint Solar from a “d” rating to a “c” rating in a research note on Monday, October 2nd. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and two have issued a buy rating to the company. The company currently has an average rating of “Hold” and a consensus target price of $5.10.

Shares of Vivint Solar (NYSE:VSLR) remained flat at $$4.00 during trading hours on Thursday. The company had a trading volume of 275,800 shares, compared to its average volume of 249,318. Vivint Solar has a 12-month low of $2.65 and a 12-month high of $6.09. The stock has a market cap of $459.05, a P/E ratio of 10.26 and a beta of -0.31. The company has a debt-to-equity ratio of 1.30, a quick ratio of 1.05 and a current ratio of 1.18.

In other Vivint Solar news, COO Bryan Christiansen sold 31,700 shares of the stock in a transaction on Wednesday, December 6th. The stock was sold at an average price of $3.25, for a total transaction of $103,025.00. Following the sale, the chief operating officer now directly owns 332,462 shares in the company, valued at approximately $1,080,501.50. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CEO David Bywater sold 44,900 shares of the stock in a transaction on Wednesday, December 6th. The shares were sold at an average price of $3.24, for a total value of $145,476.00. Following the sale, the chief executive officer now owns 575,774 shares in the company, valued at $1,865,507.76. The disclosure for this sale can be found here. Insiders sold a total of 236,810 shares of company stock worth $798,623 in the last 90 days. 4.50% of the stock is currently owned by company insiders.

A number of institutional investors and hedge funds have recently modified their holdings of the business. Quentec Asset Management LLC boosted its stake in shares of Vivint Solar by 24.5% in the 3rd quarter. Quentec Asset Management LLC now owns 3,964,748 shares of the company’s stock worth $13,480,000 after buying an additional 781,333 shares during the last quarter. Vanguard Group Inc. boosted its stake in shares of Vivint Solar by 23.3% in the 2nd quarter. Vanguard Group Inc. now owns 1,743,605 shares of the company’s stock worth $10,200,000 after buying an additional 329,748 shares during the last quarter. Virtu KCG Holdings LLC boosted its stake in shares of Vivint Solar by 456.9% in the 2nd quarter. Virtu KCG Holdings LLC now owns 161,804 shares of the company’s stock worth $947,000 after buying an additional 132,751 shares during the last quarter. JPMorgan Chase & Co. purchased a new position in shares of Vivint Solar in the 2nd quarter worth $278,000. Finally, Dynamic Technology Lab Private Ltd boosted its stake in shares of Vivint Solar by 191.3% in the 3rd quarter. Dynamic Technology Lab Private Ltd now owns 55,812 shares of the company’s stock worth $190,000 after buying an additional 36,651 shares during the last quarter. Institutional investors and hedge funds own 92.47% of the company’s stock.

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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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