Equities research analysts forecast that EnSync Inc (NYSEAMERICAN:ESNC) will announce sales of $3.65 million for the current quarter, Zacks Investment Research reports. Two analysts have provided estimates for EnSync’s earnings, with the highest sales estimate coming in at $3.90 million and the lowest estimate coming in at $3.40 million. EnSync reported sales of $1.74 million during the same quarter last year, which would indicate a positive year over year growth rate of 109.8%. The business is scheduled to issue its next quarterly earnings results on Tuesday, February 13th.

On average, analysts expect that EnSync will report full-year sales of $3.65 million for the current fiscal year, with estimates ranging from $18.10 million to $26.50 million. For the next financial year, analysts anticipate that the firm will post sales of $28.50 million per share. Zacks Investment Research’s sales calculations are a mean average based on a survey of research analysts that cover EnSync.

A number of research analysts have recently issued reports on ESNC shares. ValuEngine lowered shares of EnSync from a “sell” rating to a “strong sell” rating in a research note on Friday, September 1st. Roth Capital reiterated a “buy” rating on shares of EnSync in a research note on Tuesday, September 19th. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and three have given a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus target price of $1.45.

An institutional investor recently bought a new position in EnSync stock. ICM Asset Management Inc. WA purchased a new position in EnSync Inc (NYSEAMERICAN:ESNC) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 497,800 shares of the technology company’s stock, valued at approximately $184,000. ICM Asset Management Inc. WA owned about 1.04% of EnSync as of its most recent filing with the Securities and Exchange Commission.

EnSync (NYSEAMERICAN:ESNC) opened at $0.40 on Thursday. EnSync has a one year low of $0.31 and a one year high of $1.08.

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EnSync Company Profile

EnSync, Inc is engaged in developing, licensing and manufacturing energy management systems solutions serving the commercial and industrial (C&I) building, utility, and off-grid markets. The Company develops and commercializes product and service solutions for the distributed energy generation market, including energy management systems, energy storage systems, applications, and Internet of energy platforms that link distributed energy resources with the grid network.

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