Vivint Solar, Inc. (VSLR) Scheduled to Post Earnings on Monday
Vivint Solar, Inc. (NYSE:VSLR) will post its quarterly earnings results after the market closes on Monday, November 6th. Analysts expect Vivint Solar to post earnings of ($0.29) per share for the quarter.
Vivint Solar (NYSE:VSLR) last posted its earnings results on Tuesday, August 8th. The semiconductor company reported ($0.33) earnings per share for the quarter, beating the Zacks’ consensus estimate of ($0.40) by $0.07. The business had revenue of $73.00 million during the quarter, compared to analyst estimates of $65.41 million. Vivint Solar had a negative return on equity of 26.46% and a net margin of 26.35%. The company’s quarterly revenue was up 109.2% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.12 EPS. On average, analysts expect Vivint Solar to post $-2 EPS for the current fiscal year and $-2 EPS for the next fiscal year.
Vivint Solar, Inc. (NYSE VSLR) opened at $3.80 on Friday. The company has a debt-to-equity ratio of 1.26, a current ratio of 1.32 and a quick ratio of 1.20. Vivint Solar, Inc. has a twelve month low of $2.50 and a twelve month high of $6.09.
A hedge fund recently raised its stake in Vivint Solar stock. State Street Corp grew its holdings in shares of Vivint Solar, Inc. (NYSE:VSLR) by 5.8% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 363,520 shares of the semiconductor company’s stock after acquiring an additional 20,027 shares during the quarter. State Street Corp owned about 0.32% of Vivint Solar worth $2,127,000 at the end of the most recent quarter. Hedge funds and other institutional investors own 95.46% of the company’s stock.
A number of research analysts have weighed in on the company. Zacks Investment Research lowered Vivint Solar from a “buy” rating to a “hold” rating in a report on Thursday, October 12th. TheStreet raised Vivint Solar from a “d” rating to a “c” rating in a report on Monday, October 2nd. BidaskClub raised Vivint Solar from a “sell” rating to a “hold” rating in a report on Thursday, October 5th. Guggenheim assumed coverage on Vivint Solar in a report on Wednesday, September 27th. They set a “buy” rating and a $5.00 target price for the company. Finally, ValuEngine lowered Vivint Solar from a “hold” rating to a “sell” rating in a report on Friday, September 1st. Two research analysts have rated the stock with a sell rating, five have assigned a hold rating and two have assigned a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus price target of $4.71.
About Vivint Solar
Vivint Solar, Inc offers distributed solar energy, electricity generated by a solar energy system installed at or near customers’ locations, to residential customers. Through investment funds, the Company owns solar energy systems it installs and provides solar electricity pursuant to long-term contracts with its customers.
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