Energy Focus Inc. (NASDAQ:EFOI) – Investment analysts at Oppenheimer Holdings reduced their FY2016 earnings estimates for Energy Focus in a research report issued to clients and investors on Monday. Oppenheimer Holdings analyst C. Rusch now expects that the firm will earn ($1.06) per share for the year, down from their prior estimate of ($1.05). Oppenheimer Holdings currently has a “Hold” rating on the stock. Oppenheimer Holdings also issued estimates for Energy Focus’ Q4 2016 earnings at ($0.28) EPS and FY2017 earnings at ($0.68) EPS.

Energy Focus (NASDAQ:EFOI) last released its quarterly earnings results on Monday, November 14th. The company reported ($0.27) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of ($0.25) by $0.02. The firm earned $8.30 million during the quarter, compared to analysts’ expectations of $8.72 million. Energy Focus had a negative return on equity of 17.84% and a negative net margin of 18.99%. The business’s quarterly revenue was down 54.6% on a year-over-year basis. During the same quarter last year, the business earned $0.41 earnings per share.

Earnings History and Estimates for Energy Focus (NASDAQ:EFOI)

Other equities analysts also recently issued research reports about the stock. Rodman & Renshaw boosted their price objective on shares of Energy Focus from $8.00 to $16.00 and gave the stock a “buy” rating in a research note on Monday, August 15th. Benchmark Co. reissued a “buy” rating and issued a $5.00 price objective (down previously from $6.00) on shares of Energy Focus in a research note on Tuesday. FBR & Co reissued a “hold” rating on shares of Energy Focus in a research note on Tuesday. Zacks Investment Research raised shares of Energy Focus from a “strong sell” rating to a “hold” rating in a research note on Monday, October 17th. Finally, Roth Capital reissued a “neutral” rating and issued a $5.00 price objective (down previously from $6.00) on shares of Energy Focus in a research note on Sunday, August 14th. One investment analyst has rated the stock with a sell rating, five have given a hold rating and two have assigned a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average price target of $9.33.

Energy Focus (NASDAQ:EFOI) opened at 4.96 on Wednesday. The stock has a 50 day moving average price of $4.28 and a 200-day moving average price of $5.13. Energy Focus has a 1-year low of $2.95 and a 1-year high of $16.20. The stock’s market capitalization is $57.98 million.

Several institutional investors have recently modified their holdings of the company. Menta Capital LLC increased its position in shares of Energy Focus by 10.2% in the second quarter. Menta Capital LLC now owns 19,410 shares of the company’s stock worth $121,000 after buying an additional 1,800 shares during the last quarter. BlackRock Fund Advisors increased its position in shares of Energy Focus by 48.8% in the second quarter. BlackRock Fund Advisors now owns 25,421 shares of the company’s stock worth $159,000 after buying an additional 8,334 shares during the last quarter. New Jersey Better Educational Savings Trust increased its position in shares of Energy Focus by 4.2% in the third quarter. New Jersey Better Educational Savings Trust now owns 50,000 shares of the company’s stock worth $245,000 after buying an additional 2,000 shares during the last quarter. Cambridge Advisors Inc. increased its position in shares of Energy Focus by 60.5% in the third quarter. Cambridge Advisors Inc. now owns 74,826 shares of the company’s stock worth $366,000 after buying an additional 28,206 shares during the last quarter. Finally, Cambridge Investment Research Advisors Inc. acquired a new position in shares of Energy Focus during the second quarter worth about $380,000. 18.32% of the stock is currently owned by institutional investors and hedge funds.

About Energy Focus

Energy Focus, Inc along with its subsidiaries is engaged in the design, development, manufacturing, marketing, installation and sale of lighting systems. The Company is engaged in developing and selling of light-emitting diode (LED) lighting products for military maritime market, and general commercial and industrial markets.

5 Day Chart for NASDAQ:EFOI

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