Analysts Anticipate Enphase Energy Inc (ENPH) Will Announce Quarterly Sales of $79.32 Million

Equities research analysts expect Enphase Energy Inc (NASDAQ:ENPH) to post $79.32 million in sales for the current fiscal quarter, according to Zacks. Four analysts have provided estimates for Enphase Energy’s earnings, with estimates ranging from $78.50 million to $80.09 million. Enphase Energy reported sales of $77.04 million during the same quarter last year, which indicates a positive year over year growth rate of 3%. The firm is expected to report its next quarterly earnings report after the market closes on Tuesday, November 6th.

According to Zacks, analysts expect that Enphase Energy will report full-year sales of $311.17 million for the current financial year, with estimates ranging from $303.40 million to $317.00 million. For the next year, analysts expect that the business will report sales of $391.38 million, with estimates ranging from $379.00 million to $412.90 million. Zacks Investment Research’s sales averages are a mean average based on a survey of research firms that that provide coverage for Enphase Energy.

Enphase Energy (NASDAQ:ENPH) last posted its earnings results on Tuesday, July 31st. The semiconductor company reported $0.02 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.01 by $0.01. The company had revenue of $75.90 million for the quarter, compared to analyst estimates of $76.76 million. Enphase Energy’s quarterly revenue was up 1.6% compared to the same quarter last year. During the same quarter in the previous year, the firm posted ($0.08) earnings per share.



ENPH has been the subject of several analyst reports. BidaskClub lowered Enphase Energy from a “sell” rating to a “strong sell” rating in a research report on Saturday, September 8th. ValuEngine lowered Enphase Energy from a “hold” rating to a “sell” rating in a research report on Thursday, September 6th. B. Riley set a $8.00 target price on Enphase Energy and gave the stock a “buy” rating in a research report on Wednesday, August 1st. Zacks Investment Research lowered Enphase Energy from a “buy” rating to a “hold” rating in a research report on Wednesday, August 1st. Finally, HC Wainwright restated a “buy” rating and set a $9.00 target price on shares of Enphase Energy in a research report on Wednesday, August 1st. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and six have assigned a buy rating to the stock. The stock has an average rating of “Buy” and an average target price of $7.21.

In other Enphase Energy news, CEO Badrinarayanan Kothandaraman acquired 15,000 shares of the business’s stock in a transaction dated Monday, August 20th. The shares were acquired at an average price of $4.88 per share, for a total transaction of $73,200.00. Following the acquisition, the chief executive officer now directly owns 95,677 shares of the company’s stock, valued at approximately $466,903.76. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Eric Branderiz acquired 19,880 shares of the business’s stock in a transaction dated Thursday, August 23rd. The shares were acquired at an average price of $5.03 per share, for a total transaction of $99,996.40. Following the acquisition, the chief financial officer now directly owns 19,880 shares in the company, valued at $99,996.40. The disclosure for this purchase can be found here. Insiders own 13.52% of the company’s stock.

Several large investors have recently added to or reduced their stakes in ENPH. BlackRock Inc. lifted its holdings in shares of Enphase Energy by 656.0% during the 2nd quarter. BlackRock Inc. now owns 5,543,050 shares of the semiconductor company’s stock valued at $37,305,000 after purchasing an additional 4,809,849 shares in the last quarter. Guggenheim Capital LLC lifted its holdings in shares of Enphase Energy by 17,262.5% during the 1st quarter. Guggenheim Capital LLC now owns 3,403,924 shares of the semiconductor company’s stock valued at $15,556,000 after purchasing an additional 3,384,319 shares in the last quarter. Gilder Gagnon Howe & Co. LLC lifted its holdings in shares of Enphase Energy by 90.6% during the 2nd quarter. Gilder Gagnon Howe & Co. LLC now owns 3,153,516 shares of the semiconductor company’s stock valued at $21,223,000 after purchasing an additional 1,498,591 shares in the last quarter. Millennium Management LLC lifted its holdings in shares of Enphase Energy by 379.0% during the 1st quarter. Millennium Management LLC now owns 1,026,880 shares of the semiconductor company’s stock valued at $4,693,000 after purchasing an additional 812,493 shares in the last quarter. Finally, Northern Trust Corp lifted its holdings in shares of Enphase Energy by 484.3% during the 2nd quarter. Northern Trust Corp now owns 918,088 shares of the semiconductor company’s stock valued at $6,179,000 after purchasing an additional 760,975 shares in the last quarter. Institutional investors and hedge funds own 39.27% of the company’s stock.

Shares of Enphase Energy stock traded down $0.04 during trading on Monday, hitting $4.15. 1,345,900 shares of the company were exchanged, compared to its average volume of 2,566,135. The firm has a market capitalization of $405.80 million, a P/E ratio of -7.98 and a beta of 0.30. Enphase Energy has a 1-year low of $1.37 and a 1-year high of $7.60.

Enphase Energy Company Profile

Enphase Energy, Inc, together with its subsidiaries, designs, develops, and sells microinverter systems for residential and commercial markets in the United States and internationally. The company's semiconductor-based microinverter system converts direct current (DC) electricity to alternating current (AC) electricity at the individual solar module level.

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