Equities analysts expect Enphase Energy Inc (NASDAQ:ENPH) to announce earnings of $0.14 per share for the current quarter, Zacks reports. Seven analysts have made estimates for Enphase Energy’s earnings, with the highest EPS estimate coming in at $0.15 and the lowest estimate coming in at $0.11. Enphase Energy reported earnings per share of $0.18 in the same quarter last year, which would suggest a negative year-over-year growth rate of 22.2%. The business is expected to issue its next quarterly earnings report on Tuesday, August 4th.

On average, analysts expect that Enphase Energy will report full-year earnings of $1.02 per share for the current year, with EPS estimates ranging from $0.89 to $1.10. For the next year, analysts anticipate that the firm will post earnings of $1.37 per share, with EPS estimates ranging from $1.00 to $1.80. Zacks Investment Research’s EPS averages are an average based on a survey of sell-side research analysts that follow Enphase Energy.

Enphase Energy (NASDAQ:ENPH) last issued its quarterly earnings data on Tuesday, May 5th. The semiconductor company reported $0.38 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.24 by $0.14. Enphase Energy had a net margin of 31.15% and a return on equity of 71.56%. The business had revenue of $205.50 million during the quarter, compared to analysts’ expectations of $203.31 million. During the same period in the previous year, the company earned $0.08 earnings per share. Enphase Energy’s revenue for the quarter was up 105.3% on a year-over-year basis.

A number of equities analysts recently issued reports on ENPH shares. Roth Capital boosted their target price on shares of Enphase Energy from $55.00 to $70.00 in a research report on Friday, March 6th. Craig Hallum boosted their target price on shares of Enphase Energy from $43.00 to $54.00 and gave the stock a “buy” rating in a research report on Wednesday, May 6th. Raymond James raised shares of Enphase Energy from an “underperform” rating to a “market perform” rating in a research report on Friday, March 20th. Cowen boosted their target price on shares of Enphase Energy from $45.00 to $49.00 and gave the stock an “outperform” rating in a research report on Wednesday, February 19th. Finally, Goldman Sachs Group lowered shares of Enphase Energy from a “buy” rating to a “neutral” rating and boosted their target price for the stock from $50.00 to $57.00 in a research report on Thursday. One analyst has rated the stock with a sell rating, four have issued a hold rating, nine have given a buy rating and one has issued a strong buy rating to the company. Enphase Energy presently has a consensus rating of “Buy” and a consensus target price of $57.08.

ENPH stock traded up $1.40 on Friday, reaching $58.38. 4,681,500 shares of the company were exchanged, compared to its average volume of 6,678,486. Enphase Energy has a 12 month low of $13.85 and a 12 month high of $63.80. The stock’s fifty day moving average price is $40.87 and its 200 day moving average price is $33.45. The firm has a market capitalization of $6.99 billion, a PE ratio of 34.54 and a beta of 1.07. The company has a debt-to-equity ratio of 0.93, a current ratio of 3.22 and a quick ratio of 3.07.

In other news, COO Jeff Mcneil sold 7,500 shares of the company’s stock in a transaction dated Friday, May 1st. The shares were sold at an average price of $44.81, for a total value of $336,075.00. Following the sale, the chief operating officer now owns 307,102 shares of the company’s stock, valued at approximately $13,761,240.62. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, CAO Mandy Yang sold 18,000 shares of the company’s stock in a transaction dated Thursday, February 20th. The stock was sold at an average price of $58.35, for a total transaction of $1,050,300.00. Following the completion of the sale, the chief accounting officer now directly owns 186,443 shares in the company, valued at approximately $10,878,949.05. The disclosure for this sale can be found here. In the last ninety days, insiders sold 1,884,131 shares of company stock worth $99,893,779. 7.10% of the stock is owned by insiders.

Institutional investors and hedge funds have recently bought and sold shares of the company. KPCB GGF Associates LLC acquired a new position in Enphase Energy during the 4th quarter worth about $99,576,000. Renaissance Technologies LLC lifted its position in Enphase Energy by 1,594.3% during the 4th quarter. Renaissance Technologies LLC now owns 2,078,857 shares of the semiconductor company’s stock worth $54,321,000 after buying an additional 1,956,157 shares in the last quarter. FMR LLC acquired a new position in Enphase Energy during the 4th quarter worth about $50,484,000. Bank of America Corp DE lifted its position in Enphase Energy by 1,185.5% during the 4th quarter. Bank of America Corp DE now owns 1,564,342 shares of the semiconductor company’s stock worth $40,876,000 after buying an additional 1,442,648 shares in the last quarter. Finally, BlackRock Inc. lifted its position in Enphase Energy by 16.0% during the 1st quarter. BlackRock Inc. now owns 8,696,923 shares of the semiconductor company’s stock worth $280,823,000 after buying an additional 1,200,413 shares in the last quarter. 55.76% of the stock is currently owned by institutional investors and hedge funds.

Enphase Energy Company Profile

Enphase Energy, Inc, together with its subsidiaries, designs, develops, and sells home energy solutions for the solar photovoltaic industry in the United States and internationally. The company offers semiconductor-based microinverter that converts energy at the individual solar module level and combines with its proprietary networking and software technologies to provide energy monitoring and control services.

Read More: Trade War

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

Earnings History and Estimates for Enphase Energy (NASDAQ:ENPH)

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