Revolution Lighting Technologies Inc (RVLT) Expected to Announce Earnings of -$0.26 Per Share
Brokerages expect Revolution Lighting Technologies Inc (NASDAQ:RVLT) to post earnings of ($0.26) per share for the current fiscal quarter, according to Zacks Investment Research. Zero analysts have issued estimates for Revolution Lighting Technologies’ earnings. The lowest EPS estimate is ($0.27) and the highest is ($0.24). Revolution Lighting Technologies reported earnings per share of ($0.15) during the same quarter last year, which suggests a negative year-over-year growth rate of 73.3%. The firm is expected to report its next earnings report on Tuesday, May 1st.
On average, analysts expect that Revolution Lighting Technologies will report full-year earnings of ($0.22) per share for the current year, with EPS estimates ranging from ($0.57) to $0.04. For the next year, analysts expect that the business will report earnings of ($0.41) per share. Zacks’ EPS averages are a mean average based on a survey of sell-side analysts that follow Revolution Lighting Technologies.
Revolution Lighting Technologies (NASDAQ:RVLT) last announced its quarterly earnings results on Thursday, March 8th. The electronics maker reported ($0.15) EPS for the quarter, beating the consensus estimate of ($0.18) by $0.03. Revolution Lighting Technologies had a negative net margin of 35.41% and a negative return on equity of 7.93%. The company had revenue of $35.20 million for the quarter, compared to analyst estimates of $35.05 million.
Revolution Lighting Technologies (NASDAQ:RVLT) traded down $0.07 during trading on Friday, reaching $3.87. 2,958 shares of the company’s stock traded hands, compared to its average volume of 299,447. The company has a debt-to-equity ratio of 0.67, a quick ratio of 1.19 and a current ratio of 1.79. The firm has a market capitalization of $88.54, a price-to-earnings ratio of -1.54 and a beta of 1.23. Revolution Lighting Technologies has a 12-month low of $2.95 and a 12-month high of $9.17.
In other news, Chairman Robert V. Lapenta acquired 25,000 shares of the firm’s stock in a transaction that occurred on Thursday, January 25th. The stock was purchased at an average price of $3.88 per share, with a total value of $97,000.00. Following the purchase, the chairman now owns 100,000 shares of the company’s stock, valued at approximately $388,000. The purchase was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CFO James Depalma acquired 150,000 shares of the firm’s stock in a transaction that occurred on Monday, January 29th. The stock was purchased at an average cost of $3.60 per share, with a total value of $540,000.00. Following the purchase, the chief financial officer now directly owns 195,000 shares in the company, valued at approximately $702,000. The disclosure for this purchase can be found here. Insiders purchased a total of 1,095,000 shares of company stock valued at $3,927,450 in the last ninety days. Company insiders own 41.97% of the company’s stock.
A number of institutional investors have recently bought and sold shares of the stock. Dimensional Fund Advisors LP boosted its stake in Revolution Lighting Technologies by 2.7% in the 2nd quarter. Dimensional Fund Advisors LP now owns 46,742 shares of the electronics maker’s stock worth $308,000 after purchasing an additional 1,239 shares during the period. Connors Investor Services Inc. boosted its stake in Revolution Lighting Technologies by 27.5% in the 4th quarter. Connors Investor Services Inc. now owns 69,619 shares of the electronics maker’s stock worth $229,000 after purchasing an additional 15,000 shares during the period. Signia Capital Management LLC boosted its stake in Revolution Lighting Technologies by 2.2% in the 3rd quarter. Signia Capital Management LLC now owns 850,212 shares of the electronics maker’s stock worth $5,526,000 after purchasing an additional 18,499 shares during the period. Teachers Advisors LLC acquired a new stake in shares of Revolution Lighting Technologies during the 2nd quarter valued at $143,000. Finally, California State Teachers Retirement System acquired a new stake in shares of Revolution Lighting Technologies during the 2nd quarter valued at $144,000. 42.51% of the stock is owned by hedge funds and other institutional investors.
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About Revolution Lighting Technologies
Revolution Lighting Technologies, Inc designs, manufactures, markets and sells commercial grade light-emitting diode (LED) and conventional lighting fixtures. The Company operates in Lighting Products and Solutions (principally LED fixtures and lamps) segment. The Company’s products are used for outdoor and indoor applications, LED-based signage, channel-letter and contour lighting products, LED replacement lamps and commercial grade smart grid control systems.
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