Brokerages Anticipate Enphase Energy Inc (NASDAQ:ENPH) Will Post Earnings of $0.25 Per Share

Analysts predict that Enphase Energy Inc (NASDAQ:ENPH) will post $0.25 earnings per share (EPS) for the current quarter, Zacks reports. Seven analysts have made estimates for Enphase Energy’s earnings. The lowest EPS estimate is $0.24 and the highest is $0.26. Enphase Energy reported earnings per share of $0.04 during the same quarter last year, which suggests a positive year-over-year growth rate of 525%. The company is expected to issue its next quarterly earnings results on Tuesday, November 5th.

According to Zacks, analysts expect that Enphase Energy will report full-year earnings of $0.79 per share for the current year, with EPS estimates ranging from $0.75 to $0.84. For the next financial year, analysts forecast that the business will post earnings of $0.99 per share, with EPS estimates ranging from $0.68 to $1.18. Zacks Investment Research’s earnings per share calculations are an average based on a survey of research analysts that that provide coverage for Enphase Energy.

Enphase Energy (NASDAQ:ENPH) last posted its quarterly earnings data on Tuesday, July 30th. The semiconductor company reported $0.18 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.09 by $0.09. Enphase Energy had a return on equity of 31.17% and a net margin of 2.63%. The firm had revenue of $134.09 million for the quarter, compared to the consensus estimate of $120.36 million. During the same quarter in the prior year, the business earned $0.02 EPS. The business’s revenue for the quarter was up 76.7% compared to the same quarter last year.

ENPH has been the topic of several research reports. Oppenheimer upped their price objective on Enphase Energy from $13.00 to $26.00 and gave the stock an “outperform” rating in a report on Wednesday, July 31st. Zacks Investment Research downgraded Enphase Energy from a “buy” rating to a “hold” rating and set a $26.00 price objective on the stock. in a report on Tuesday. B. Riley reaffirmed a “buy” rating and set a $21.00 price objective on shares of Enphase Energy in a report on Wednesday, June 12th. HC Wainwright raised Enphase Energy from a “neutral” rating to a “buy” rating and set a $36.00 price objective on the stock in a report on Wednesday, July 31st. Finally, JPMorgan Chase & Co. initiated coverage on shares of Enphase Energy in a research report on Monday, September 16th. They set an “overweight” rating and a $32.00 target price for the company. Two investment analysts have rated the stock with a sell rating, four have given a hold rating and eight have given a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus price target of $33.95.

In other Enphase Energy news, CEO Badrinarayanan Kothandaraman sold 10,000 shares of the stock in a transaction dated Monday, September 9th. The stock was sold at an average price of $24.75, for a total transaction of $247,500.00. Following the completion of the transaction, the chief executive officer now owns 390,560 shares in the company, valued at approximately $9,666,360. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Richard Mora sold 60,000 shares of the stock in a transaction dated Wednesday, August 14th. The stock was sold at an average price of $31.03, for a total value of $1,861,800.00. The disclosure for this sale can be found here. In the last quarter, insiders have sold 107,500 shares of company stock valued at $3,174,900. Corporate insiders own 12.46% of the company’s stock.

A number of hedge funds have recently added to or reduced their stakes in the business. Rhumbline Advisers increased its holdings in Enphase Energy by 0.8% during the 1st quarter. Rhumbline Advisers now owns 126,367 shares of the semiconductor company’s stock worth $1,166,000 after purchasing an additional 1,052 shares in the last quarter. Aperio Group LLC acquired a new position in shares of Enphase Energy during the 2nd quarter worth about $26,000. Ladenburg Thalmann Financial Services Inc. boosted its stake in shares of Enphase Energy by 607.5% during the 2nd quarter. Ladenburg Thalmann Financial Services Inc. now owns 2,830 shares of the semiconductor company’s stock worth $51,000 after buying an additional 2,430 shares during the last quarter. Steward Partners Investment Advisory LLC acquired a new position in shares of Enphase Energy during the 2nd quarter worth about $54,000. Finally, Meeder Asset Management Inc. acquired a new position in shares of Enphase Energy during the 2nd quarter worth about $89,000. Hedge funds and other institutional investors own 43.36% of the company’s stock.

NASDAQ:ENPH traded up $0.80 during trading hours on Tuesday, hitting $23.22. 105,401 shares of the stock were exchanged, compared to its average volume of 6,318,152. The company’s 50 day moving average is $27.54 and its two-hundred day moving average is $18.94. Enphase Energy has a twelve month low of $4.06 and a twelve month high of $35.42. The company has a quick ratio of 2.30, a current ratio of 2.44 and a debt-to-equity ratio of 0.85. The company has a market capitalization of $2.82 billion, a P/E ratio of -194.00 and a beta of 0.85.

Enphase Energy Company Profile

Enphase Energy, Inc, together with its subsidiaries, designs, develops, and sells home energy solutions for the solar photovoltaic industry in the United States and internationally. The company offers semiconductor-based microinverter that converts energy at the individual solar module level and combines with its proprietary networking and software technologies to provide energy monitoring and control services.

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Earnings History and Estimates for Enphase Energy (NASDAQ:ENPH)

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