Brokerages predict that Sunrun Inc (NASDAQ:RUN) will post $0.26 earnings per share (EPS) for the current quarter, according to Zacks Investment Research. Two analysts have made estimates for Sunrun’s earnings. The lowest EPS estimate is $0.07 and the highest is $0.48. Sunrun posted earnings of $0.25 per share during the same quarter last year, which indicates a positive year-over-year growth rate of 4%. The company is scheduled to issue its next quarterly earnings report on Tuesday, March 5th.
According to Zacks, analysts expect that Sunrun will report full-year earnings of $0.99 per share for the current fiscal year, with EPS estimates ranging from $0.38 to $1.66. For the next fiscal year, analysts forecast that the company will post earnings of $1.11 per share, with EPS estimates ranging from $0.32 to $1.89. Zacks Investment Research’s earnings per share averages are a mean average based on a survey of research firms that follow Sunrun.
Sunrun (NASDAQ:RUN) last issued its earnings results on Wednesday, November 7th. The energy company reported ($0.02) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.34 by ($0.36). The business had revenue of $204.96 million for the quarter, compared to the consensus estimate of $190.06 million. Sunrun had a net margin of 20.26% and a return on equity of 7.49%. The firm’s revenue for the quarter was up 41.8% compared to the same quarter last year. During the same period last year, the business posted $0.25 EPS.
RUN has been the topic of several recent analyst reports. Credit Suisse Group lifted their target price on Sunrun from $22.00 to $23.00 and gave the company a “buy” rating in a research note on Friday, August 10th. JMP Securities reduced their price objective on Sunrun from $21.00 to $20.00 and set a “buy” rating on the stock in a research note on Thursday, August 30th. TheStreet raised Sunrun from a “d+” rating to a “c+” rating in a research note on Monday, August 6th. Bank of America raised Sunrun from a “neutral” rating to a “buy” rating and lifted their price objective for the stock from $16.00 to $17.00 in a research note on Tuesday, September 11th. They noted that the move was a valuation call. Finally, Zacks Investment Research downgraded Sunrun from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, August 14th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Sunrun has a consensus rating of “Buy” and an average target price of $15.25.
Shares of RUN opened at $12.30 on Friday. The company has a market cap of $1.44 billion, a P/E ratio of 14.30, a price-to-earnings-growth ratio of 0.73 and a beta of -0.59. Sunrun has a 12-month low of $5.08 and a 12-month high of $16.44. The company has a debt-to-equity ratio of 1.37, a quick ratio of 1.25 and a current ratio of 1.50.
In related news, major shareholder Tiger Global Management Llc bought 231,357 shares of the business’s stock in a transaction dated Thursday, October 11th. The shares were purchased at an average price of $11.47 per share, with a total value of $2,653,664.79. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, General Counsel Jeanna Steele sold 8,312 shares of the business’s stock in a transaction that occurred on Wednesday, August 15th. The shares were sold at an average price of $12.98, for a total value of $107,889.76. The disclosure for this sale can be found here. In the last ninety days, insiders acquired 482,878 shares of company stock worth $5,755,182. Corporate insiders own 19.45% of the company’s stock.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Northern Trust Corp increased its position in shares of Sunrun by 13.4% during the 2nd quarter. Northern Trust Corp now owns 989,196 shares of the energy company’s stock valued at $13,008,000 after purchasing an additional 116,895 shares during the last quarter. Trexquant Investment LP bought a new position in shares of Sunrun during the 2nd quarter valued at approximately $452,000. Sei Investments Co. increased its position in shares of Sunrun by 70.7% during the 2nd quarter. Sei Investments Co. now owns 82,221 shares of the energy company’s stock valued at $1,081,000 after purchasing an additional 34,058 shares during the last quarter. Raymond James Financial Services Advisors Inc. bought a new position in shares of Sunrun during the 2nd quarter valued at approximately $1,022,000. Finally, GVO Asset Management Ltd bought a new position in shares of Sunrun during the 2nd quarter valued at approximately $2,067,000. 79.14% of the stock is currently owned by hedge funds and other institutional investors.
Sunrun Inc engages in the design, development, installation, sale, ownership, and maintenance of residential solar energy systems in the United States. It also sells solar leads. The company markets and sells its products through direct channels, partner channels, mass media, digital media, canvassing, referral, retail, and field marketing.
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