Wall Street analysts predict that Enphase Energy, Inc. (NASDAQ:ENPH) will report sales of $75.91 million for the current fiscal quarter, Zacks Investment Research reports. Four analysts have issued estimates for Enphase Energy’s earnings, with the lowest sales estimate coming in at $74.30 million and the highest estimate coming in at $78.00 million. Enphase Energy posted sales of $90.60 million in the same quarter last year, which would indicate a negative year-over-year growth rate of 16.2%. The business is expected to announce its next quarterly earnings report 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 anticipate that the company will post 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 posted its quarterly earnings data on Tuesday, November 7th. The semiconductor company reported ($0.01) EPS for the quarter, topping the consensus estimate of ($0.05) by $0.04. The firm had revenue of $77.00 million during the quarter, compared to analyst estimates of $77.13 million. Enphase Energy had a negative return on equity of 1,232.10% and a negative net margin of 18.66%. Enphase Energy’s revenue was down 13.2% on a year-over-year basis. During the same period in the prior year, the business posted ($0.28) EPS.

Several equities research analysts have recently commented on ENPH shares. Cowen restated a “buy” rating and issued a $2.00 price objective on shares of Enphase Energy in a research note on Sunday, September 24th. Zacks Investment Research upgraded Enphase Energy from a “hold” rating to a “buy” rating and set a $2.75 price objective for the company in a research note on Friday, January 12th. ValuEngine lowered 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. One investment analyst has rated the stock with a sell rating, three have given a hold rating and three have given a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus target price of $2.10.

In other Enphase Energy news, CEO Badrinarayanan Kothandaraman purchased 40,677 shares of the business’s stock in a transaction on Thursday, November 9th. The stock was acquired at an average price of $1.78 per share, for a total transaction of $72,405.06. Following the purchase, the chief executive officer now owns 40,677 shares of the company’s stock, valued at approximately $72,405.06. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director John Howard Weber sold 55,526 shares of the stock in a transaction on Tuesday, November 21st. The stock was sold at an average price of $2.64, for a total value of $146,588.64. Following the completion of the sale, the director now owns 35,326 shares of the company’s stock, valued at approximately $93,260.64. The disclosure for this sale can be found here. Corporate insiders own 17.37% of the company’s stock.

Several institutional investors and hedge funds have recently added to or reduced their stakes in ENPH. First Trust Advisors LP boosted its holdings in shares of Enphase Energy by 55.4% during the 2nd 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 last quarter. Northern Trust Corp boosted its holdings in shares of Enphase Energy by 4.6% during the 2nd 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 last quarter. Vanguard Group Inc. boosted its holdings in shares of Enphase Energy by 4.6% during the 2nd quarter. Vanguard Group Inc. now owns 1,939,428 shares of the semiconductor company’s stock valued at $1,678,000 after purchasing an additional 84,549 shares during the last quarter. K2 Principal Fund L.P. boosted its holdings in shares of Enphase Energy by 470.1% during the 2nd 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 last quarter. Finally, Goldman Sachs Group Inc. boosted its holdings in shares of Enphase Energy by 10,872.8% during the 2nd quarter. Goldman Sachs Group Inc. now owns 1,846,393 shares of the semiconductor company’s stock valued at $1,597,000 after purchasing an additional 1,829,566 shares during the last quarter. 22.88% of the stock is owned by institutional investors and hedge funds.

Shares of Enphase Energy (ENPH) opened at $1.95 on Friday. The company has a quick ratio of 1.30, a current ratio of 1.59 and a debt-to-equity ratio of -4.75. The company has a market capitalization of $166.79, a price-to-earnings ratio of -2.64 and a beta of 1.49. Enphase Energy has a 12 month low of $0.65 and a 12 month high of $3.45.

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About Enphase Energy

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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