Revolution Lighting Technologies Inc (NASDAQ:RVLT) – Research analysts at Zacks Investment Research issued their Q3 2018 earnings per share estimates for Revolution Lighting Technologies in a research note issued on Monday. Zacks Investment Research analyst L. Thompson anticipates that the electronics maker will earn $0.05 per share for the quarter. Zacks Investment Research also issued estimates for Revolution Lighting Technologies’ Q4 2018 earnings at $0.10 EPS.
A number of other brokerages have also recently commented on RVLT. HC Wainwright reiterated a “buy” rating and issued a $8.00 target price on shares of Revolution Lighting Technologies in a report on Tuesday. 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.
Revolution Lighting Technologies (NASDAQ:RVLT) last issued its earnings results on Thursday, March 8th. The electronics maker reported ($0.15) earnings per share (EPS) for the quarter, beating the consensus estimate 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 company had revenue of $35.20 million for the quarter, compared to the consensus estimate of $35.05 million.
Institutional investors have recently bought and sold shares of the business. Teachers Advisors LLC purchased a new stake in Revolution Lighting Technologies during the 2nd quarter valued at about $143,000. California State Teachers Retirement System purchased a new stake in shares of Revolution Lighting Technologies in the second quarter worth about $144,000. Schwab Charles Investment Management Inc. purchased a new stake in shares of Revolution Lighting Technologies in the second quarter worth about $182,000. Renaissance Technologies LLC purchased a new stake in shares of Revolution Lighting Technologies in the fourth quarter worth about $101,000. Finally, TIAA CREF Investment Management LLC purchased a new stake in shares of Revolution Lighting Technologies in the second quarter worth about $218,000. Institutional investors and hedge funds own 42.51% of the company’s stock.
In related news, CFO James Depalma purchased 20,000 shares of Revolution Lighting Technologies stock in a transaction dated Thursday, March 1st. The stock was purchased at an average cost of $3.36 per share, with a total value of $67,200.00. Following the transaction, the chief financial officer now owns 215,000 shares in the company, valued at approximately $722,400. The purchase was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Chairman Robert V. Lapenta purchased 25,000 shares of Revolution Lighting Technologies stock in a transaction dated Friday, January 19th. The stock was bought at an average cost of $3.05 per share, with a total value of $76,250.00. Following the completion of the transaction, the chairman now owns 72,956 shares in the company, valued at approximately $222,515.80. The disclosure for this purchase can be found here. Over the last three months, insiders bought 1,095,000 shares of company stock valued at $3,927,450. Corporate insiders own 41.97% of the company’s stock.
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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