Analysts Anticipate Revolution Lighting Technologies Inc (RVLT) Will Post Quarterly Sales of $35.05 Million

Brokerages expect that Revolution Lighting Technologies Inc (NASDAQ:RVLT) will report $35.05 million in sales for the current fiscal quarter, according to Zacks. Three analysts have issued estimates for Revolution Lighting Technologies’ earnings, with the highest sales estimate coming in at $35.15 million and the lowest estimate coming in at $35.00 million. Revolution Lighting Technologies posted sales of $51.20 million during the same quarter last year, which suggests a negative year-over-year growth rate of 31.5%. The firm is expected to report its next quarterly earnings report on Thursday, March 8th.

According to Zacks, analysts expect that Revolution Lighting Technologies will report full-year sales of $35.05 million for the current year, with estimates ranging from $152.00 million to $152.18 million. For the next financial year, analysts forecast that the company will report sales of $163.20 million per share, with estimates ranging from $160.00 million to $165.00 million. Zacks Investment Research’s sales averages are a mean average based on a survey of research analysts that follow Revolution Lighting Technologies.

Revolution Lighting Technologies (NASDAQ:RVLT) last released its quarterly earnings data on Thursday, October 26th. The electronics maker reported ($0.03) EPS for the quarter, beating analysts’ consensus estimates of ($0.05) by $0.02. The business had revenue of $43.10 million during the quarter, compared to the consensus estimate of $42.56 million. Revolution Lighting Technologies had a negative return on equity of 2.39% and a negative net margin of 3.94%. The firm’s revenue was down 14.1% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.11 earnings per share.

A number of equities research analysts recently commented on RVLT shares. TheStreet downgraded Revolution Lighting Technologies from a “c-” rating to a “d+” rating in a report on Friday, November 3rd. Roth Capital set a $5.00 price objective on Revolution Lighting Technologies and gave the company a “buy” rating in a report on Thursday, December 28th. Finally, HC Wainwright dropped their price objective on Revolution Lighting Technologies from $14.00 to $8.00 and set a “buy” rating for the company in a report on Wednesday, January 3rd.

A number of large investors have recently bought and sold shares of RVLT. Schwab Charles Investment Management Inc. acquired a new position in Revolution Lighting Technologies in the second quarter valued at about $182,000. Bank of New York Mellon Corp acquired a new position in Revolution Lighting Technologies in the second quarter valued at about $217,000. Teachers Advisors LLC acquired a new position in Revolution Lighting Technologies in the second quarter valued at about $143,000. TIAA CREF Investment Management LLC acquired a new position in Revolution Lighting Technologies in the second quarter valued at about $218,000. Finally, Northern Trust Corp grew its stake in Revolution Lighting Technologies by 479.9% in the second quarter. Northern Trust Corp now owns 123,678 shares of the electronics maker’s stock valued at $815,000 after acquiring an additional 102,352 shares during the period. 36.85% of the stock is owned by hedge funds and other institutional investors.

Revolution Lighting Technologies (NASDAQ:RVLT) traded up $0.21 during midday trading on Monday, reaching $3.30. The company had a trading volume of 92,200 shares, compared to its average volume of 208,977. The company has a market capitalization of $69.97, a P/E ratio of -10.31 and a beta of 1.97. The company has a quick ratio of 1.60, a current ratio of 2.41 and a debt-to-equity ratio of 0.43. Revolution Lighting Technologies has a fifty-two week low of $2.95 and a fifty-two week high of $9.17.

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Revolution Lighting Technologies Company Profile

Revolution Lighting Technologies, Inc designs, manufactures, markets and sells commercial grade light-emitting diode (LED) and conventional lighting fixtures. The Company operates in Lighting Products and Solutions (principally LED fixtures and lamps) segment. The Company’s products are used for outdoor and indoor applications, LED-based signage, channel-letter and contour lighting products, LED replacement lamps and commercial grade smart grid control systems.

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