Analysts Issue Forecasts for Enphase Energy, Inc.’s Q2 2022 Earnings (NASDAQ:ENPH)

Enphase Energy, Inc. (NASDAQ:ENPHGet Rating) – Analysts at B. Riley increased their Q2 2022 EPS estimates for shares of Enphase Energy in a research report issued on Wednesday, April 27th. B. Riley analyst C. Souther now forecasts that the semiconductor company will post earnings per share of $0.61 for the quarter, up from their previous forecast of $0.57. B. Riley also issued estimates for Enphase Energy’s Q4 2022 earnings at $0.77 EPS, FY2022 earnings at $2.56 EPS, Q1 2023 earnings at $0.71 EPS, Q2 2023 earnings at $0.86 EPS, Q3 2023 earnings at $1.01 EPS, Q4 2023 earnings at $1.18 EPS and FY2023 earnings at $3.76 EPS.

A number of other research firms also recently commented on ENPH. StockNews.com began coverage on Enphase Energy in a report on Thursday, March 31st. They issued a “hold” rating for the company. KeyCorp raised their price target on Enphase Energy from $200.00 to $220.00 and gave the company an “overweight” rating in a research report on Thursday, April 7th. JPMorgan Chase & Co. dropped their price target on Enphase Energy from $290.00 to $246.00 in a research report on Thursday, January 20th. Piper Sandler dropped their price target on Enphase Energy from $230.00 to $220.00 in a research report on Thursday, April 21st. Finally, Needham & Company LLC dropped their price objective on Enphase Energy from $294.00 to $255.00 in a research report on Thursday, February 3rd. Seven research analysts have rated the stock with a hold rating and twenty-two have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Buy” and an average target price of $237.29.

Enphase Energy stock opened at $161.40 on Monday. Enphase Energy has a one year low of $108.88 and a one year high of $282.46. The company has a debt-to-equity ratio of 3.62, a quick ratio of 3.16 and a current ratio of 3.44. The business has a fifty day moving average of $178.22 and a two-hundred day moving average of $185.07. The company has a market cap of $21.79 billion, a P/E ratio of 137.95 and a beta of 1.27.

Enphase Energy (NASDAQ:ENPHGet Rating) last released its earnings results on Tuesday, April 26th. The semiconductor company reported $0.79 EPS for the quarter, beating analysts’ consensus estimates of $0.39 by $0.40. Enphase Energy had a return on equity of 45.30% and a net margin of 10.88%. During the same period in the prior year, the company earned $0.48 earnings per share.

A number of hedge funds have recently bought and sold shares of ENPH. Kistler Tiffany Companies LLC lifted its stake in Enphase Energy by 1,811.1% in the third quarter. Kistler Tiffany Companies LLC now owns 172 shares of the semiconductor company’s stock valued at $26,000 after buying an additional 163 shares during the last quarter. American National Bank grew its holdings in Enphase Energy by 80.5% during the fourth quarter. American National Bank now owns 148 shares of the semiconductor company’s stock worth $27,000 after acquiring an additional 66 shares during the period. Retirement Planning Co of New England Inc. acquired a new position in Enphase Energy during the fourth quarter worth about $27,000. AlphaCentric Advisors LLC purchased a new position in Enphase Energy in the 4th quarter worth about $27,000. Finally, Horan Securities Inc. purchased a new position in Enphase Energy during the 4th quarter valued at about $29,000. Institutional investors own 70.39% of the company’s stock.

In other news, Director Joseph Ian Malchow sold 4,460 shares of the firm’s stock in a transaction that occurred on Monday, March 14th. The shares were sold at an average price of $156.05, for a total transaction of $695,983.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Steven J. Gomo sold 31,609 shares of the firm’s stock in a transaction that occurred on Thursday, February 10th. The stock was sold at an average price of $163.48, for a total transaction of $5,167,439.32. The disclosure for this sale can be found here. Insiders sold 255,577 shares of company stock valued at $43,780,910 in the last ninety days. 4.80% of the stock is owned by corporate insiders.

About Enphase Energy (Get Rating)

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

Further Reading

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

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