Vivint Smart Home (VVNT) Set to Announce Quarterly Earnings on Tuesday

Vivint Smart Home (NYSE:VVNT – Get Rating) is scheduled to announce its earnings results after the market closes on Tuesday, May 3rd. Analysts expect the company to announce earnings of ($0.31) per share for the quarter. Investors that wish to register for the company’s conference call can do so using this link.

Vivint Smart Home (NYSE:VVNT – Get Rating) last released its earnings results on Tuesday, March 1st. The company reported ($0.26) earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.37) by $0.11. The firm had revenue of $396.21 million during the quarter, compared to analysts’ expectations of $362.46 million. On average, analysts expect Vivint Smart Home to post $-1 EPS for the current fiscal year and $-1 EPS for the next fiscal year.

Vivint Smart Home stock opened at $5.49 on Tuesday. The business has a 50 day moving average price of $6.60. The stock has a market cap of $1.15 billion, a price-to-earnings ratio of -3.19 and a beta of 0.73. Vivint Smart Home has a 12-month low of $5.11 and a 12-month high of $16.20.

A number of institutional investors and hedge funds have recently made changes to their positions in the business. California State Teachers Retirement System grew its holdings in Vivint Smart Home by 2.1% during the 4th quarter. California State Teachers Retirement System now owns 102,606 shares of the company’s stock valued at $1,003,000 after buying an additional 2,107 shares in the last quarter. Royal Bank of Canada grew its holdings in shares of Vivint Smart Home by 13.9% in the third quarter. Royal Bank of Canada now owns 28,331 shares of the company’s stock valued at $269,000 after purchasing an additional 3,468 shares in the last quarter. Goldman Sachs Group Inc. grew its holdings in shares of Vivint Smart Home by 7.5% in the fourth quarter. Goldman Sachs Group Inc. now owns 68,172 shares of the company’s stock valued at $667,000 after purchasing an additional 4,759 shares in the last quarter. Invesco Ltd. grew its holdings in shares of Vivint Smart Home by 18.9% in the third quarter. Invesco Ltd. now owns 35,259 shares of the company’s stock valued at $334,000 after purchasing an additional 5,608 shares in the last quarter. Finally, MetLife Investment Management LLC grew its holdings in shares of Vivint Smart Home by 24.0% in the fourth quarter. MetLife Investment Management LLC now owns 31,962 shares of the company’s stock valued at $313,000 after purchasing an additional 6,182 shares in the last quarter. 79.53% of the stock is owned by institutional investors and hedge funds.

Several equities research analysts recently issued reports on VVNT shares. Royal Bank of Canada lowered shares of Vivint Smart Home from an “outperform” rating to a “sector perform” rating and set a $11.00 target price for the company. in a report on Thursday, January 6th. Zacks Investment Research raised shares of Vivint Smart Home from a “hold” rating to a “buy” rating and set a $8.50 price objective for the company in a report on Thursday, March 3rd. Two investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat.com, Vivint Smart Home has an average rating of “Buy” and an average target price of $15.08.

Vivint Smart Home Company Profile (Get Rating)

Vivint Smart Home, Inc, together with its subsidiaries, engages in the sale, installation, servicing, and monitoring of smart home and security systems primarily in the United States and Canada. The company's smart home platform includes cloud-enabled smart home operating systems; AI-driven smart home automation and assistance software; software-enabled smart home devices; and tech-enabled services to educate, manage, and support the smart home.

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