Brokerages predict that Sunrun Inc (NASDAQ:RUN) will announce earnings of $0.31 per share for the current fiscal quarter, Zacks Investment Research reports. Two analysts have issued estimates for Sunrun’s earnings. The lowest EPS estimate is ($0.14) and the highest is $0.95. Sunrun reported earnings of ($0.05) per share during the same quarter last year, which would indicate a positive year over year growth rate of 720%. The business is expected to announce its next earnings results on Thursday, February 27th.
On average, analysts expect that Sunrun will report full-year earnings of $0.50 per share for the current year, with EPS estimates ranging from ($0.04) to $1.60. For the next fiscal year, analysts anticipate that the business will report earnings of $0.19 per share, with EPS estimates ranging from ($0.25) to $0.46. Zacks’ EPS averages are a mean average based on a survey of research firms that cover Sunrun.
Sunrun (NASDAQ:RUN) last issued its quarterly earnings data on Tuesday, November 12th. The energy company reported $0.23 EPS for the quarter, missing the consensus estimate of $0.27 by ($0.04). Sunrun had a return on equity of 0.63% and a net margin of 0.93%. The company had revenue of $215.50 million during the quarter, compared to analyst estimates of $207.22 million. During the same quarter in the prior year, the company posted ($0.02) earnings per share. The business’s revenue was up 5.1% compared to the same quarter last year.
Several research analysts have recently issued reports on RUN shares. JMP Securities lowered their target price on shares of Sunrun from $26.00 to $25.00 and set a “market outperform” rating for the company in a report on Wednesday. Zacks Investment Research upgraded shares of Sunrun from a “strong sell” rating to a “hold” rating in a report on Thursday. ValuEngine upgraded shares of Sunrun from a “hold” rating to a “buy” rating in a report on Friday, November 1st. Credit Suisse Group lowered their target price on shares of Sunrun from $26.00 to $24.00 and set an “outperform” rating for the company in a report on Wednesday. Finally, BidaskClub cut shares of Sunrun from a “buy” rating to a “hold” rating in a report on Thursday, November 7th. Three analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. Sunrun presently has an average rating of “Buy” and an average target price of $21.28.
In other news, COO Christopher Dawson sold 8,190 shares of Sunrun stock in a transaction dated Wednesday, September 18th. The shares were sold at an average price of $17.41, for a total transaction of $142,587.90. Following the completion of the sale, the chief operating officer now directly owns 277,542 shares in the company, valued at $4,832,006.22. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, major shareholder Tiger Global Management Llc bought 236,781 shares of the firm’s stock in a transaction that occurred on Monday, August 19th. The stock was bought at an average cost of $15.71 per share, for a total transaction of $3,719,829.51. The disclosure for this purchase can be found here. In the last quarter, insiders have purchased 5,132,393 shares of company stock valued at $81,216,229 and have sold 72,322 shares valued at $1,205,124. 9.34% of the stock is owned by corporate insiders.
Several institutional investors and hedge funds have recently added to or reduced their stakes in RUN. Amundi Pioneer Asset Management Inc. acquired a new stake in shares of Sunrun in the first quarter worth approximately $732,000. DAVENPORT & Co LLC boosted its position in shares of Sunrun by 6.8% in the second quarter. DAVENPORT & Co LLC now owns 111,538 shares of the energy company’s stock worth $2,092,000 after acquiring an additional 7,097 shares during the last quarter. Handelsbanken Fonder AB boosted its position in shares of Sunrun by 10.9% in the second quarter. Handelsbanken Fonder AB now owns 867,277 shares of the energy company’s stock worth $16,270,000 after acquiring an additional 85,029 shares during the last quarter. Capital Impact Advisors LLC acquired a new stake in shares of Sunrun in the second quarter worth approximately $1,903,000. Finally, Commonwealth Equity Services LLC acquired a new stake in shares of Sunrun in the second quarter worth approximately $224,000. 82.90% of the stock is currently owned by institutional investors and hedge funds.
RUN traded up $0.31 during trading hours on Monday, hitting $14.71. 2,724,800 shares of the company’s stock were exchanged, compared to its average volume of 1,781,270. The firm has a 50 day moving average of $15.97 and a 200 day moving average of $16.79. Sunrun has a 12-month low of $8.81 and a 12-month high of $21.42. The company has a current ratio of 1.32, a quick ratio of 0.69 and a debt-to-equity ratio of 1.89. The firm has a market cap of $1.62 billion, a P/E ratio of 63.96, a price-to-earnings-growth ratio of 5.68 and a beta of 0.74.
Sunrun Inc engages in the design, development, installation, sale, ownership, and maintenance of residential solar energy systems in the United States. It also sells solar energy systems and products, such as panels and racking, as well as solar leads generated to customers. The company markets and sells its products through direct-to-consumer approach across online, retail, mass media, digital media, canvassing, field marketing, and referral channels, as well as its partner network.
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