Enphase Energy, Inc. (NASDAQ:ENPH) Expected to Announce Quarterly Sales of $507.53 Million

Brokerages expect Enphase Energy, Inc. (NASDAQ:ENPHGet Rating) to report $507.53 million in sales for the current quarter, according to Zacks Investment Research. Eight analysts have issued estimates for Enphase Energy’s earnings. The lowest sales estimate is $499.10 million and the highest is $515.20 million. Enphase Energy posted sales of $316.06 million in the same quarter last year, which indicates a positive year-over-year growth rate of 60.6%. The firm is scheduled to report its next quarterly earnings results on Monday, January 1st.

On average, analysts expect that Enphase Energy will report full year sales of $2.06 billion for the current fiscal year, with estimates ranging from $1.86 billion to $2.18 billion. For the next financial year, analysts anticipate that the business will report sales of $2.67 billion, with estimates ranging from $2.30 billion to $3.15 billion. Zacks Investment Research’s sales calculations are an average based on a survey of research analysts that that provide coverage for Enphase Energy.

Enphase Energy (NASDAQ:ENPHGet Rating) last issued its earnings results on Tuesday, April 26th. The semiconductor company reported $0.79 earnings per share (EPS) for the quarter, topping 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 last year, the business posted $0.48 earnings per share.

A number of research firms have weighed in on ENPH. Cowen lifted their price objective on Enphase Energy from $227.00 to $240.00 in a research note on Wednesday, April 27th. Craig Hallum reduced their price objective on Enphase Energy from $241.00 to $213.00 in a research note on Wednesday, April 27th. StockNews.com began coverage on Enphase Energy in a research note on Thursday, March 31st. They set a “hold” rating for the company. KeyCorp lifted their price objective on Enphase Energy from $200.00 to $220.00 and gave the company an “overweight” rating in a research note on Thursday, April 7th. Finally, B. Riley lifted their price objective on Enphase Energy from $155.00 to $171.00 in a research note on Wednesday, April 27th. Six equities research analysts have rated the stock with a hold rating and twenty-two have assigned a buy rating to the stock. According to MarketBeat, Enphase Energy has a consensus rating of “Buy” and a consensus target price of $237.29.

Shares of ENPH stock opened at $165.89 on Friday. The firm has a market capitalization of $22.40 billion, a price-to-earnings ratio of 141.79 and a beta of 1.41. The company has a debt-to-equity ratio of 3.62, a current ratio of 3.44 and a quick ratio of 3.22. The business has a fifty day moving average of $181.30 and a 200 day moving average of $184.90. Enphase Energy has a 1 year low of $108.88 and a 1 year high of $282.46.

In other news, Director Steven J. Gomo sold 31,609 shares of the business’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 sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Badrinarayanan Kothandaraman sold 80,000 shares of the business’s stock in a transaction that occurred on Thursday, March 10th. The stock was sold at an average price of $175.65, for a total value of $14,052,000.00. The disclosure for this sale can be found here. Over the last quarter, insiders sold 255,577 shares of company stock worth $43,780,910. 4.80% of the stock is currently owned by insiders.

Several institutional investors have recently modified their holdings of the company. Kistler Tiffany Companies LLC raised its position in shares of Enphase Energy by 1,811.1% during the 3rd 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 period. American National Bank raised its position in shares of Enphase Energy by 80.5% during the 4th quarter. American National Bank now owns 148 shares of the semiconductor company’s stock valued at $27,000 after buying an additional 66 shares during the period. Retirement Planning Co of New England Inc. purchased a new stake in shares of Enphase Energy during the 4th quarter valued at approximately $27,000. AlphaCentric Advisors LLC purchased a new stake in shares of Enphase Energy during the 4th quarter valued at approximately $27,000. Finally, Horan Securities Inc. purchased a new stake in shares of Enphase Energy during the 4th quarter valued at approximately $29,000. Institutional investors and hedge funds own 68.30% of the company’s stock.

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.

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

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