Analysts predict that Enphase Energy, Inc. (NASDAQ:ENPH) will report sales of $75.91 million for the current quarter, according to Zacks. Four analysts have made estimates for Enphase Energy’s earnings, with the highest sales estimate coming in at $78.00 million and the lowest estimate coming in at $74.30 million. Enphase Energy reported sales of $90.60 million in the same quarter last year, which indicates a negative year-over-year growth rate of 16.2%. The company is scheduled to issue its next earnings report on Tuesday, February 27th.

On average, analysts expect that Enphase Energy will report full year sales of $75.91 million for the current fiscal year, with estimates ranging from $280.70 million to $284.50 million. For the next financial year, analysts anticipate that the company will post sales of $324.17 million per share, with estimates ranging from $309.80 million to $332.00 million. Zacks’ sales calculations are a mean average based on a survey of sell-side analysts that cover Enphase Energy.

Enphase Energy (NASDAQ:ENPH) last posted its quarterly earnings data on Tuesday, November 7th. The semiconductor company reported ($0.01) earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.05) by $0.04. The business had revenue of $77.00 million during the quarter, compared to the consensus estimate of $77.13 million. Enphase Energy had a negative net margin of 18.66% and a negative return on equity of 1,232.10%. Enphase Energy’s quarterly revenue was down 13.2% compared to the same quarter last year. During the same period in the prior year, the firm earned ($0.28) EPS.

A number of analysts have recently issued reports on ENPH shares. Zacks Investment Research downgraded Enphase Energy from a “hold” rating to a “sell” rating in a research report on Friday, August 11th. Cowen and Company reiterated a “buy” rating and set a $2.00 price objective on shares of Enphase Energy in a research report on Sunday, September 24th. Needham & Company LLC restated a “hold” rating on shares of Enphase Energy in a research report on Tuesday, September 26th. Finally, ValuEngine upgraded Enphase Energy from a “strong sell” rating to a “sell” rating in a research report on Wednesday, September 27th. Two equities research analysts have rated the stock with a sell rating, three have issued a hold rating and two have issued a buy rating to the stock. Enphase Energy has a consensus rating of “Hold” and a consensus price target of $1.56.

Shares of Enphase Energy (NASDAQ:ENPH) traded up $0.35 during midday trading on Friday, reaching $2.32. The company’s stock had a trading volume of 2,173,200 shares, compared to its average volume of 848,212. Enphase Energy has a 12-month low of $0.65 and a 12-month high of $2.36. The company has a debt-to-equity ratio of -4.75, a current ratio of 1.59 and a quick ratio of 1.30.

In related news, CEO Badrinarayanan Kothandaraman bought 40,677 shares of the company’s stock in a transaction on Thursday, November 9th. The stock was bought at an average cost of $1.78 per share, with a total value of $72,405.06. Following the completion of the acquisition, the chief executive officer now owns 40,677 shares in the company, valued at approximately $72,405.06. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 15.92% of the stock is currently owned by corporate insiders.

A number of institutional investors have recently added to or reduced their stakes in ENPH. Tenzing Global Management LLC boosted its stake in Enphase Energy by 600.0% during the 3rd quarter. Tenzing Global Management LLC now owns 4,200,000 shares of the semiconductor company’s stock valued at $6,384,000 after purchasing an additional 3,600,000 shares during the period. Old West Investment Management LLC lifted its stake in Enphase Energy by 55.1% during the third quarter. Old West Investment Management LLC now owns 1,619,108 shares of the semiconductor company’s stock valued at $2,461,000 after purchasing an additional 575,453 shares during the last quarter. KBC Group NV lifted its stake in Enphase Energy by 101.3% during the third quarter. KBC Group NV now owns 180,137 shares of the semiconductor company’s stock valued at $274,000 after purchasing an additional 90,665 shares during the last quarter. K2 Principal Fund L.P. raised its holdings in shares of Enphase Energy by 14.9% during the third quarter. K2 Principal Fund L.P. now owns 506,570 shares of the semiconductor company’s stock valued at $770,000 after acquiring an additional 65,760 shares during the period. Finally, Wasatch Advisors Inc. raised its holdings in shares of Enphase Energy by 197.0% during the third quarter. Wasatch Advisors Inc. now owns 753,789 shares of the semiconductor company’s stock valued at $1,146,000 after acquiring an additional 500,000 shares during the period. 19.87% of the stock is currently owned by hedge funds and other institutional investors.

COPYRIGHT VIOLATION NOTICE: “$75.91 Million in Sales Expected for Enphase Energy, Inc. (ENPH) This Quarter” was originally posted by The Cerbat Gem and is owned by of The Cerbat Gem. If you are accessing this piece of content on another domain, it was illegally copied and reposted in violation of U.S. & international trademark and copyright law. The legal version of this piece of content can be accessed at https://www.thecerbatgem.com/2017/11/14/75-91-million-in-sales-expected-for-enphase-energy-inc-enph-this-quarter.html.

Enphase Energy Company Profile

Enphase Energy, Inc is a provider of energy management solutions. The Company is engaged in designing, developing, manufacturing and selling microinverter systems for the solar photovoltaic industry. Its semiconductor-based microinverter system converts direct current (DC) electricity to alternating current (AC) electricity.

Get a free copy of the Zacks research report on Enphase Energy (ENPH)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Receive News & Stock Ratings for Enphase Energy Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Enphase Energy Inc. and related stocks with our FREE daily email newsletter.