Sunworks (NASDAQ:SUNW – Get Rating) is scheduled to announce its earnings results before the market opens on Monday, May 16th. Analysts expect the company to announce earnings of ($0.26) per share for the quarter. Investors interested in participating in the company’s conference call can do so using this link.
Sunworks (NASDAQ:SUNW – Get Rating) last released its earnings results on Friday, March 11th. The semiconductor company reported ($0.47) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.21) by ($0.26). The company had revenue of $31.67 million during the quarter, compared to analyst estimates of $29.50 million. Sunworks had a negative net margin of 26.32% and a negative return on equity of 35.41%. On average, analysts expect Sunworks to post $-1 EPS for the current fiscal year and $0 EPS for the next fiscal year.
NASDAQ:SUNW opened at $1.73 on Monday. The company has a debt-to-equity ratio of 0.01, a quick ratio of 1.75 and a current ratio of 2.16. The stock’s 50-day simple moving average is $2.41 and its 200 day simple moving average is $3.23. The company has a market cap of $56.84 million, a P/E ratio of -1.78 and a beta of 1.70. Sunworks has a 52-week low of $1.65 and a 52-week high of $11.77.
Institutional investors have recently bought and sold shares of the stock. Morgan Stanley grew its holdings in Sunworks by 1,147.2% during the third quarter. Morgan Stanley now owns 500,147 shares of the semiconductor company’s stock worth $3,071,000 after purchasing an additional 460,047 shares during the period. Millennium Management LLC bought a new stake in shares of Sunworks during the third quarter worth approximately $694,000. Goldman Sachs Group Inc. boosted its holdings in shares of Sunworks by 313.8% during the fourth quarter. Goldman Sachs Group Inc. now owns 129,008 shares of the semiconductor company’s stock worth $397,000 after acquiring an additional 97,834 shares during the period. Bank of New York Mellon Corp boosted its holdings in shares of Sunworks by 41.4% during the third quarter. Bank of New York Mellon Corp now owns 28,950 shares of the semiconductor company’s stock worth $178,000 after acquiring an additional 8,477 shares during the period. Finally, JPMorgan Chase & Co. bought a new stake in shares of Sunworks during the fourth quarter worth approximately $108,000. Institutional investors and hedge funds own 19.27% of the company’s stock.
A number of analysts recently issued reports on SUNW shares. Zacks Investment Research raised Sunworks from a “sell” rating to a “hold” rating in a research report on Thursday, January 20th. Northland Securities started coverage on Sunworks in a research report on Wednesday, May 4th. They issued an “outperform” rating on the stock. Finally, Colliers Securities started coverage on Sunworks in a research report on Tuesday, March 1st. They issued a “buy” rating and a $5.50 target price on the stock.
Sunworks Company Profile (Get Rating)
Sunworks, Inc, through its subsidiaries, provides photovoltaic and battery based power and storage systems for the agricultural, commercial, industrial, public works, and residential markets in the United States. It also designs, finances, integrates, installs, and manages systems ranging in size from 2 kilowatt for residential projects to multi megawatt systems for larger commercial and public works projects.
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