Energous (WATT) to Release Quarterly Earnings on Tuesday

Energous (NASDAQ:WATT) is set to post its quarterly earnings results after the market closes on Tuesday, April 30th. Analysts expect Energous to post earnings of ($0.47) per share for the quarter.

Energous (NASDAQ:WATT) last released its quarterly earnings results on Wednesday, February 27th. The industrial products company reported ($0.48) earnings per share for the quarter, meeting analysts’ consensus estimates of ($0.48). Energous had a negative net margin of 9,871.85% and a negative return on equity of 164.83%. On average, analysts expect Energous to post $-1 EPS for the current fiscal year and $2 EPS for the next fiscal year.

Energous stock opened at $5.06 on Monday. The firm has a market cap of $154.88 million, a PE ratio of -2.54 and a beta of 1.97. Energous has a 1-year low of $4.41 and a 1-year high of $19.39.

In related news, insider Brian J. Sereda sold 3,792 shares of the firm’s stock in a transaction on Wednesday, January 30th. The shares were sold at an average price of $7.40, for a total value of $28,060.80. Following the transaction, the insider now directly owns 124,391 shares in the company, valued at approximately $920,493.40. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, COO Cesar Johnston sold 5,400 shares of the firm’s stock in a transaction on Tuesday, April 2nd. The shares were sold at an average price of $6.18, for a total transaction of $33,372.00. Following the completion of the transaction, the chief operating officer now owns 324,990 shares in the company, valued at $2,008,438.20. The disclosure for this sale can be found here. Insiders have sold a total of 26,006 shares of company stock worth $179,734 in the last 90 days. 7.00% of the stock is owned by insiders.

A hedge fund recently raised its stake in Energous stock. Geode Capital Management LLC lifted its holdings in shares of Energous Corp (NASDAQ:WATT) by 5.5% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 224,776 shares of the industrial products company’s stock after acquiring an additional 11,701 shares during the period. Geode Capital Management LLC owned approximately 0.88% of Energous worth $1,301,000 as of its most recent filing with the SEC. 24.04% of the stock is owned by hedge funds and other institutional investors.

A number of research analysts have recently weighed in on the stock. Zacks Investment Research upgraded shares of Energous from a “sell” rating to a “hold” rating in a report on Friday, March 29th. ValuEngine upgraded shares of Energous from a “sell” rating to a “hold” rating in a report on Monday, April 1st. Finally, BidaskClub upgraded shares of Energous from a “sell” rating to a “hold” rating in a report on Wednesday, February 20th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and two have given a buy rating to the company. The stock has a consensus rating of “Hold” and an average price target of $22.00.

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Energous Company Profile

Energous Corporation develops wire-free charging solutions. The company develops WattUp wireless power technology that consists of semiconductor chipsets, software controls, hardware designs, and antennas that enables radio frequency based wire-free charging for electronic devices. It has a collaboration with vivo Global to explore integrating WattUp into smartphone designs that charge wirelessly over-the-air.

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Earnings History for Energous (NASDAQ:WATT)

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