Analysts Anticipate Vivint Solar Inc (NYSE:VSLR) to Post $0.07 EPS

Wall Street analysts predict that Vivint Solar Inc (NYSE:VSLR) will post earnings per share of $0.07 for the current quarter, Zacks reports. Two analysts have made estimates for Vivint Solar’s earnings. The highest EPS estimate is $0.09 and the lowest is $0.05. Vivint Solar reported earnings per share of ($0.07) in the same quarter last year, which indicates a positive year-over-year growth rate of 200%. The company is expected to issue its next earnings report on Tuesday, November 5th.

According to Zacks, analysts expect that Vivint Solar will report full year earnings of ($0.66) per share for the current financial year, with EPS estimates ranging from ($1.21) to ($0.33). For the next financial year, analysts forecast that the firm will post earnings of ($0.01) per share, with EPS estimates ranging from ($0.43) to $0.21. Zacks Investment Research’s earnings per share calculations are an average based on a survey of sell-side research firms that that provide coverage for Vivint Solar.

Vivint Solar (NYSE:VSLR) last announced its quarterly earnings data on Thursday, August 8th. The company reported ($0.73) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.56) by ($0.17). Vivint Solar had a negative net margin of 25.06% and a negative return on equity of 97.07%. The company had revenue of $90.80 million during the quarter, compared to the consensus estimate of $91.92 million. During the same quarter in the previous year, the firm posted ($0.50) EPS. The business’s revenue for the quarter was up 12.4% compared to the same quarter last year.

Several analysts have weighed in on VSLR shares. ValuEngine downgraded Vivint Solar from a “strong-buy” rating to a “buy” rating in a research report on Wednesday. Bank of America boosted their price objective on Vivint Solar from $12.50 to $14.00 and gave the company a “buy” rating in a research report on Friday, August 9th. KeyCorp started coverage on Vivint Solar in a research report on Monday, August 19th. They issued an “overweight” rating and a $12.00 price objective for the company. Citigroup set a $11.00 price objective on Vivint Solar and gave the company a “buy” rating in a research report on Monday. Finally, Oppenheimer set a $11.00 price objective on Vivint Solar and gave the company a “buy” rating in a research report on Friday, August 9th. One investment analyst has rated the stock with a hold rating and seven have given a buy rating to the company. The stock currently has a consensus rating of “Buy” and an average target price of $11.67.

VSLR stock traded up $0.08 during midday trading on Friday, hitting $6.64. The company had a trading volume of 1,247,529 shares, compared to its average volume of 981,959. The company has a current ratio of 0.89, a quick ratio of 0.85 and a debt-to-equity ratio of 3.70. Vivint Solar has a 52 week low of $3.55 and a 52 week high of $9.82. The stock’s 50 day moving average price is $7.64 and its 200 day moving average price is $6.92. The stock has a market cap of $795.39 million, a price-to-earnings ratio of -2.79 and a beta of 0.35.

In related news, COO Bryan Christiansen sold 3,655 shares of the company’s stock in a transaction that occurred on Friday, September 6th. The stock was sold at an average price of $8.06, for a total transaction of $29,459.30. Following the completion of the transaction, the chief operating officer now owns 207,781 shares in the company, valued at $1,674,714.86. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, CEO David Bywater sold 19,920 shares of the company’s stock in a transaction that occurred on Friday, September 6th. The shares were sold at an average price of $7.95, for a total value of $158,364.00. Following the transaction, the chief executive officer now owns 1,098,432 shares of the company’s stock, valued at approximately $8,732,534.40. The disclosure for this sale can be found here. Insiders sold 372,544 shares of company stock valued at $2,905,647 in the last quarter. Corporate insiders own 4.10% of the company’s stock.

Several institutional investors have recently made changes to their positions in the stock. River & Mercantile Asset Management LLP bought a new position in shares of Vivint Solar during the second quarter valued at approximately $737,000. UBS Asset Management Americas Inc. raised its holdings in shares of Vivint Solar by 6.7% during the second quarter. UBS Asset Management Americas Inc. now owns 33,400 shares of the company’s stock valued at $244,000 after acquiring an additional 2,100 shares in the last quarter. Point72 Hong Kong Ltd bought a new position in shares of Vivint Solar during the second quarter valued at approximately $37,000. Point72 Asset Management L.P. raised its holdings in shares of Vivint Solar by 0.3% during the second quarter. Point72 Asset Management L.P. now owns 1,832,421 shares of the company’s stock valued at $13,377,000 after acquiring an additional 4,884 shares in the last quarter. Finally, Morgan Stanley raised its holdings in shares of Vivint Solar by 730.9% during the second quarter. Morgan Stanley now owns 406,800 shares of the company’s stock valued at $2,970,000 after acquiring an additional 357,840 shares in the last quarter. Institutional investors own 91.45% of the company’s stock.

About Vivint Solar

Vivint Solar, Inc provides distributed solar energy primarily to residential customers in the United States. It owns and installs solar energy systems through long-term customer contracts. The company also sells photovoltaic installation products, as well as solar renewable energy certificates. As of December 31, 2018, it had an aggregate capacity of 1,060.9 megawatts covering approximately 154,600 homes.

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