Analysts predict that Revolution Lighting Technologies Inc (NASDAQ:RVLT) will report $29.30 million in sales for the current fiscal quarter, Zacks reports. Two analysts have issued estimates for Revolution Lighting Technologies’ earnings, with the lowest sales estimate coming in at $27.00 million and the highest estimate coming in at $31.60 million. Revolution Lighting Technologies reported sales of $30.60 million in the same quarter last year, which would suggest a negative year over year growth rate of 4.2%. The company is scheduled to report its next quarterly earnings results on Tuesday, May 1st.
According to Zacks, analysts expect that Revolution Lighting Technologies will report full year sales of $29.30 million for the current fiscal year, with estimates ranging from $160.00 million to $165.00 million. For the next financial year, analysts forecast that the firm will post sales of $197.51 million per share. Zacks’ sales calculations are an average based on a survey of sell-side analysts that that provide coverage for Revolution Lighting Technologies.
Revolution Lighting Technologies (NASDAQ:RVLT) last issued its quarterly earnings results on Thursday, March 8th. The electronics maker reported ($0.15) EPS for the quarter, beating analysts’ consensus estimates of ($0.18) by $0.03. Revolution Lighting Technologies had a negative return on equity of 7.93% and a negative net margin of 35.41%. The firm had revenue of $35.20 million for the quarter, compared to analysts’ expectations of $35.05 million.
Revolution Lighting Technologies (NASDAQ RVLT) opened at $3.96 on Tuesday. Revolution Lighting Technologies has a 1 year low of $2.95 and a 1 year high of $9.17. The company has a debt-to-equity ratio of 0.67, a quick ratio of 1.19 and a current ratio of 1.79. The company has a market capitalization of $84.22, a price-to-earnings ratio of -12.38 and a beta of 1.23.
In related news, Chairman Robert V. Lapenta acquired 25,000 shares of the firm’s stock in a transaction that occurred on Thursday, January 25th. The shares were bought at an average cost of $3.88 per share, for a total transaction of $97,000.00. Following the purchase, the chairman now owns 100,000 shares in the company, valued at approximately $388,000. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Chairman Robert V. Lapenta acquired 850,000 shares of the firm’s stock in a transaction that occurred on Monday, January 29th. The shares were bought at an average price of $3.60 per share, for a total transaction of $3,060,000.00. Following the completion of the purchase, the chairman now owns 950,000 shares in the company, valued at approximately $3,420,000. The disclosure for this purchase can be found here. Over the last quarter, insiders have purchased 1,095,000 shares of company stock worth $3,927,450. 41.97% of the stock is currently owned by corporate insiders.
Several large investors have recently added to or reduced their stakes in the stock. Royce & Associates LP raised its stake in shares of Revolution Lighting Technologies by 11.6% during the 4th quarter. Royce & Associates LP now owns 1,374,654 shares of the electronics maker’s stock valued at $4,523,000 after purchasing an additional 143,300 shares during the period. Northpointe Capital LLC increased its stake in Revolution Lighting Technologies by 114.0% in the 4th quarter. Northpointe Capital LLC now owns 1,073,015 shares of the electronics maker’s stock worth $3,530,000 after acquiring an additional 571,592 shares during the last quarter. Signia Capital Management LLC increased its stake in Revolution Lighting Technologies by 22.3% in the 4th quarter. Signia Capital Management LLC now owns 1,039,630 shares of the electronics maker’s stock worth $3,421,000 after acquiring an additional 189,418 shares during the last quarter. Cowen Prime Services LLC bought a new position in Revolution Lighting Technologies in the 3rd quarter worth about $4,428,000. Finally, BlackRock Inc. increased its stake in Revolution Lighting Technologies by 5.2% in the 4th quarter. BlackRock Inc. now owns 577,147 shares of the electronics maker’s stock worth $1,899,000 after acquiring an additional 28,343 shares during the last quarter. Institutional investors own 42.51% of the company’s stock.
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About Revolution Lighting Technologies
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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