Canadian Solar Inc. (NASDAQ:CSIQ) – Analysts at Roth Capital reduced their FY2016 earnings per share estimates for Canadian Solar in a report released on Tuesday. Roth Capital analyst P. Shen now expects that the brokerage will earn $1.58 per share for the year, down from their prior forecast of $1.87. Roth Capital has a “Neutral” rating and a $11.00 price target on the stock. Roth Capital also issued estimates for Canadian Solar’s Q4 2016 earnings at $0.24 EPS, Q1 2017 earnings at $1.99 EPS, Q2 2017 earnings at $0.04 EPS, Q3 2017 earnings at $0.34 EPS and FY2017 earnings at $2.89 EPS.

A number of other equities research analysts have also recently commented on CSIQ. Vetr cut shares of Canadian Solar from a “strong-buy” rating to a “hold” rating and set a $14.42 target price for the company. in a research report on Tuesday, August 9th. Morgan Stanley cut shares of Canadian Solar from an “overweight” rating to an “underweight” rating and reduced their target price for the company from $24.00 to $12.80 in a research report on Wednesday, August 3rd. Finally, Zacks Investment Research cut shares of Canadian Solar from a “buy” rating to a “hold” rating in a research report on Thursday, November 3rd. Two equities research analysts have rated the stock with a sell rating, four have issued a hold rating and seven have given a buy rating to the company. The company presently has an average rating of “Hold” and an average target price of $21.15.

Earnings History and Estimates for Canadian Solar (NASDAQ:CSIQ)

TRADEMARK VIOLATION NOTICE: “Equities Analysts Set Expectations for Canadian Solar Inc.’s FY2016 Earnings (CSIQ)” was originally published by The Cerbat Gem and is the propert of of The Cerbat Gem. If you are viewing this report on another site, it was stolen and republished in violation of United States and international copyright & trademark law. The correct version of this report can be read at https://www.thecerbatgem.com/2016/11/26/equities-analysts-set-expectations-for-canadian-solar-inc-s-fy2016-earnings-csiq.html.

Shares of Canadian Solar (NASDAQ:CSIQ) opened at 11.58 on Thursday. The firm has a 50-day moving average price of $13.51 and a 200-day moving average price of $14.56. Canadian Solar has a 12-month low of $10.25 and a 12-month high of $29.83. The firm has a market cap of $669.07 million, a price-to-earnings ratio of 4.83 and a beta of 3.19.

Canadian Solar (NASDAQ:CSIQ) last released its earnings results on Monday, November 21st. The company reported $0.27 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.24 by $0.03. The firm had revenue of $657.30 million for the quarter, compared to analyst estimates of $685.28 million. Canadian Solar had a return on equity of 15.60% and a net margin of 4.26%. The company’s revenue was down 22.7% on a year-over-year basis. During the same quarter last year, the firm posted $0.53 EPS.

Several large investors have recently made changes to their positions in the stock. Riverhead Capital Management LLC raised its stake in shares of Canadian Solar by 16.2% in the second quarter. Riverhead Capital Management LLC now owns 3,476 shares of the company’s stock worth $239,000 after buying an additional 484 shares in the last quarter. KBC Group NV raised its stake in shares of Canadian Solar by 59.1% in the third quarter. KBC Group NV now owns 10,289 shares of the company’s stock worth $141,000 after buying an additional 3,820 shares in the last quarter. Stevens Capital Management LP purchased a new stake in shares of Canadian Solar during the second quarter worth about $164,000. Landscape Capital Management L.L.C. purchased a new stake in shares of Canadian Solar during the second quarter worth about $166,000. Finally, BlackRock Inc. raised its stake in shares of Canadian Solar by 55.2% in the second quarter. BlackRock Inc. now owns 11,970 shares of the company’s stock worth $182,000 after buying an additional 4,256 shares in the last quarter. 37.48% of the stock is owned by hedge funds and other institutional investors.

TRADEMARK VIOLATION NOTICE: “Equities Analysts Set Expectations for Canadian Solar Inc.’s FY2016 Earnings (CSIQ)” was originally published by The Cerbat Gem and is the propert of of The Cerbat Gem. If you are viewing this report on another site, it was stolen and republished in violation of United States and international copyright & trademark law. The correct version of this report can be read at https://www.thecerbatgem.com/2016/11/26/equities-analysts-set-expectations-for-canadian-solar-inc-s-fy2016-earnings-csiq.html.

Canadian Solar Company Profile

Canadian Solar Inc is a solar power company. The Company is a provider of solar power products, services and system solutions with operations in North America, South America, Europe, Africa, the Middle East, Australia and Asia. Its segments include module segment, energy development segment and electricity generation segment.

5 Day Chart for NASDAQ:CSIQ

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