Brokerages Expect Revolution Lighting Technologies Inc (RVLT) to Announce -$0.06 EPS

Equities analysts expect that Revolution Lighting Technologies Inc (NASDAQ:RVLT) will post earnings per share of ($0.06) for the current quarter, Zacks Investment Research reports. Two analysts have issued estimates for Revolution Lighting Technologies’ earnings. Revolution Lighting Technologies also reported earnings of ($0.06) per share in the same quarter last year. The firm is scheduled to report its next earnings results on Thursday, December 13th.

According to Zacks, analysts expect that Revolution Lighting Technologies will report full year earnings of ($0.24) per share for the current year. For the next year, analysts anticipate that the company will post earnings of ($0.01) per share. Zacks’ earnings per share calculations are a mean average based on a survey of research firms that cover Revolution Lighting Technologies.

Separately, Roth Capital dropped their target price on Revolution Lighting Technologies from $5.00 to $2.00 and set a “buy” rating for the company in a report on Wednesday, October 17th.

RVLT opened at $0.69 on Friday. Revolution Lighting Technologies has a fifty-two week low of $0.55 and a fifty-two week high of $4.90. The company has a debt-to-equity ratio of 0.81, a current ratio of 2.38 and a quick ratio of 1.57. The firm has a market cap of $13.27 million, a PE ratio of -2.03 and a beta of 0.50.

Institutional investors and hedge funds have recently bought and sold shares of the company. LMR Partners LLP acquired a new stake in shares of Revolution Lighting Technologies during the second quarter worth $159,000. UBS Group AG raised its stake in Revolution Lighting Technologies by 47.0% in the first quarter. UBS Group AG now owns 52,191 shares of the electronics maker’s stock valued at $179,000 after purchasing an additional 16,689 shares in the last quarter. Sheaff Brock Investment Advisors LLC acquired a new position in Revolution Lighting Technologies in the third quarter valued at about $157,000. Paloma Partners Management Co acquired a new position in Revolution Lighting Technologies in the second quarter valued at about $245,000. Finally, Ancora Advisors LLC raised its stake in Revolution Lighting Technologies by 1,137.5% in the third quarter. Ancora Advisors LLC now owns 212,000 shares of the electronics maker’s stock valued at $602,000 after purchasing an additional 194,869 shares in the last quarter. 33.17% of the stock is owned by institutional investors.

About Revolution Lighting Technologies

Revolution Lighting Technologies, Inc designs, manufactures, markets, and sells light-emitting diode (LED) lighting solutions focusing on the industrial, commercial, and government markets in the United States, Canada, and internationally. The company offers interior and exterior LED lamps and fixtures, including signage and control systems.

See Also: Leveraged Buyout (LBO)

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