Equities analysts expect that Enphase Energy Inc (NASDAQ:ENPH) will announce earnings per share of $0.06 for the current quarter, Zacks reports. Five analysts have issued estimates for Enphase Energy’s earnings. The highest EPS estimate is $0.07 and the lowest is $0.05. Enphase Energy reported earnings of $0.01 per share in the same quarter last year, which would indicate a positive year over year growth rate of 500%. The firm is expected to announce its next earnings report after the market closes on Tuesday, February 26th.
On average, analysts expect that Enphase Energy will report full year earnings of $0.11 per share for the current year, with EPS estimates ranging from $0.09 to $0.12. For the next year, analysts forecast that the business will report earnings of $0.28 per share, with EPS estimates ranging from $0.20 to $0.33. Zacks Investment Research’s earnings per share averages are an average based on a survey of sell-side research analysts that that provide coverage for Enphase Energy.
Get Enphase Energy alerts:Several research firms recently weighed in on ENPH. Cowen reiterated an “in-line” rating and set a $8.50 price objective (up previously from $6.75) on shares of Enphase Energy in a research note on Thursday. BidaskClub lowered shares of Enphase Energy from a “strong-buy” rating to a “buy” rating in a research note on Wednesday. ValuEngine upgraded shares of Enphase Energy from a “hold” rating to a “buy” rating in a research note on Monday, February 4th. HC Wainwright set a $9.00 price objective on shares of Enphase Energy and gave the stock a “buy” rating in a research note on Tuesday, January 29th. Finally, TheStreet upgraded shares of Enphase Energy from a “d+” rating to a “c-” rating in a research note on Wednesday, November 28th. Two research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. The stock has a consensus rating of “Buy” and a consensus target price of $7.57.
Several large investors have recently made changes to their positions in the business. Westside Investment Management Inc. increased its stake in shares of Enphase Energy by 28.4% in the fourth quarter. Westside Investment Management Inc. now owns 8,986 shares of the semiconductor company’s stock valued at $43,000 after purchasing an additional 1,986 shares during the period. Northern Trust Corp increased its stake in shares of Enphase Energy by 0.3% in the fourth quarter. Northern Trust Corp now owns 930,434 shares of the semiconductor company’s stock valued at $4,402,000 after purchasing an additional 2,423 shares during the period. Raymond James Financial Services Advisors Inc. increased its stake in shares of Enphase Energy by 24.7% in the fourth quarter. Raymond James Financial Services Advisors Inc. now owns 12,605 shares of the semiconductor company’s stock valued at $60,000 after purchasing an additional 2,500 shares during the period. Two Sigma Advisers LP increased its stake in shares of Enphase Energy by 0.6% in the fourth quarter. Two Sigma Advisers LP now owns 418,709 shares of the semiconductor company’s stock valued at $1,980,000 after purchasing an additional 2,500 shares during the period. Finally, CoreCommodity Management LLC increased its stake in shares of Enphase Energy by 27.2% in the fourth quarter. CoreCommodity Management LLC now owns 24,381 shares of the semiconductor company’s stock valued at $115,000 after purchasing an additional 5,214 shares during the period. Institutional investors own 39.74% of the company’s stock.
ENPH traded up $0.15 on Thursday, hitting $7.38. 76,111 shares of the company’s stock were exchanged, compared to its average volume of 1,708,329. The firm has a market cap of $768.69 million, a price-to-earnings ratio of -13.67 and a beta of 1.39. Enphase Energy has a twelve month low of $2.37 and a twelve month high of $7.94. The company has a quick ratio of 1.42, a current ratio of 1.55 and a debt-to-equity ratio of 21.18.
Enphase Energy Company Profile
Enphase Energy, Inc, together with its subsidiaries, designs, develops, and sells microinverter systems for residential and commercial markets in the United States and internationally. The company's semiconductor-based microinverter system converts direct current (DC) electricity to alternating current (AC) electricity at the individual solar module level.
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