Shoals Technologies Group (SHLS) Scheduled to Post Quarterly Earnings on Tuesday

Shoals Technologies Group (NASDAQ:SHLS) is scheduled to issue its quarterly earnings data after the market closes on Tuesday, August 6th. Analysts expect the company to announce earnings of $0.09 per share for the quarter. Investors that wish to listen to the company’s conference call can do so using this link.

Shoals Technologies Group (NASDAQ:SHLS) last announced its quarterly earnings results on Tuesday, May 7th. The company reported $0.05 earnings per share for the quarter, beating the consensus estimate of $0.04 by $0.01. The company had revenue of $90.81 million during the quarter, compared to the consensus estimate of $94.44 million. Shoals Technologies Group had a net margin of 6.42% and a return on equity of 13.95%. On average, analysts expect Shoals Technologies Group to post $0 EPS for the current fiscal year and $1 EPS for the next fiscal year.

Shoals Technologies Group Stock Performance

SHLS stock opened at $5.80 on Monday. The stock’s 50 day simple moving average is $6.73 and its 200 day simple moving average is $9.80. The company has a current ratio of 2.62, a quick ratio of 1.87 and a debt-to-equity ratio of 0.30. Shoals Technologies Group has a 12-month low of $5.68 and a 12-month high of $25.10. The stock has a market capitalization of $988.44 million, a PE ratio of 32.22 and a beta of 1.76.

Analyst Ratings Changes

SHLS has been the topic of a number of research analyst reports. TD Cowen lowered their price target on Shoals Technologies Group from $15.00 to $11.00 and set a “buy” rating on the stock in a report on Wednesday, May 8th. Northland Capmk cut shares of Shoals Technologies Group from a “hold” rating to a “strong sell” rating in a research note on Wednesday, May 8th. Roth Mkm lowered shares of Shoals Technologies Group from a “buy” rating to a “neutral” rating and reduced their price target for the stock from $15.00 to $8.00 in a research note on Wednesday, May 8th. Mizuho lowered their price objective on shares of Shoals Technologies Group from $16.00 to $13.00 and set a “buy” rating on the stock in a research report on Wednesday, May 8th. Finally, Roth Capital downgraded shares of Shoals Technologies Group from a “buy” rating to a “neutral” rating in a research report on Tuesday, May 7th. Three equities research analysts have rated the stock with a sell rating, four have assigned a hold rating and twelve have given a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $15.06.

About Shoals Technologies Group

Shoals Technologies Group, Inc provides electrical balance of system (EBOS) solutions and components for solar, battery energy, and electric vehicle (EV) charging applications in the United States and internationally. The company designs, manufactures, and sells system solutions for both homerun and combine-as-you-go wiring architectures, as well as offers technical support services.