Wall Street analysts predict that Sunlight Financial Holdings Inc. (NYSE:SUNL – Get Rating) will announce $31.80 million in sales for the current quarter, according to Zacks Investment Research. Two analysts have issued estimates for Sunlight Financial’s earnings. The highest sales estimate is $33.90 million and the lowest is $29.69 million. The firm is expected to announce its next earnings report on Monday, January 1st.
On average, analysts expect that Sunlight Financial will report full-year sales of $148.47 million for the current fiscal year. For the next year, analysts forecast that the business will post sales of $188.16 million, with estimates ranging from $186.22 million to $190.10 million. Zacks Investment Research’s sales calculations are an average based on a survey of sell-side analysts that that provide coverage for Sunlight Financial.
Several equities research analysts have issued reports on SUNL shares. Credit Suisse Group lowered their price target on shares of Sunlight Financial from $7.00 to $6.00 and set an “outperform” rating on the stock in a report on Thursday, March 31st. Zacks Investment Research cut shares of Sunlight Financial from a “hold” rating to a “sell” rating in a research note on Friday, April 1st. Finally, Citigroup dropped their price objective on shares of Sunlight Financial from $10.00 to $6.00 in a research note on Sunday, April 10th. One analyst has rated the stock with a sell rating and six have given a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Buy” and an average price target of $8.67.
Hedge funds have recently made changes to their positions in the company. Invesco Ltd. acquired a new stake in shares of Sunlight Financial during the 4th quarter worth about $26,764,000. Coatue Management LLC acquired a new stake in shares of Sunlight Financial during the 3rd quarter worth about $15,930,000. Neuberger Berman Group LLC acquired a new stake in shares of Sunlight Financial during the 3rd quarter worth about $15,545,000. Franklin Resources Inc. acquired a new stake in shares of Sunlight Financial during the 3rd quarter worth about $9,862,000. Finally, Rubric Capital Management LP acquired a new stake in shares of Sunlight Financial during the 4th quarter worth about $7,206,000. Institutional investors own 23.51% of the company’s stock.
About Sunlight Financial (Get Rating)
Sunlight Financial Holdings Inc operates a business-to-business-to-consumer technology-enabled point-of-sale financing platform in the United States. Its platform is used to provide secured and unsecured loans for homeowners originated by third-party lenders to purchase and install residential solar energy systems, and other home improvements.
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