$0.07 Earnings Per Share Expected for Vivint Solar Inc (NYSE:VSLR) This Quarter

Equities analysts expect that Vivint Solar Inc (NYSE:VSLR) will post earnings per share (EPS) of $0.07 for the current quarter, according to Zacks Investment Research. Two analysts have made estimates for Vivint Solar’s earnings, with the lowest EPS estimate coming in at $0.05 and the highest estimate coming in at $0.09. Vivint Solar posted earnings per share of ($0.07) in the same quarter last year, which suggests a positive year over year growth rate of 200%. The company is scheduled to issue its next earnings results on Tuesday, November 5th.

On average, analysts expect that Vivint Solar will report full year earnings of ($0.66) per share for the current year, with EPS estimates ranging from ($1.21) to ($0.33). For the next year, analysts expect that the firm will report earnings of ($0.01) per share, with EPS estimates ranging from ($0.43) to $0.21. Zacks’ earnings per share averages are an average based on a survey of sell-side research firms that follow Vivint Solar.

Vivint Solar (NYSE:VSLR) last issued its quarterly earnings data on Thursday, August 8th. The company reported ($0.73) EPS for the quarter, missing analysts’ consensus estimates of ($0.56) by ($0.17). Vivint Solar had a negative return on equity of 94.69% and a negative net margin of 25.06%. The firm had revenue of $90.80 million during the quarter, compared to analyst estimates of $91.92 million. During the same quarter in the prior year, the firm earned ($0.50) EPS. The business’s quarterly revenue was up 12.4% compared to the same quarter last year.

A number of equities analysts have commented on the stock. Citigroup upgraded shares of Vivint Solar from a “neutral” rating to a “buy” rating and boosted their price objective for the stock from $4.25 to $8.50 in a report on Tuesday, May 7th. Roth Capital assumed coverage on shares of Vivint Solar in a report on Monday, May 6th. They issued a “buy” rating and a $10.00 price objective on the stock. Bank of America boosted their price objective on shares of Vivint Solar from $12.50 to $14.00 and gave the stock a “buy” rating in a report on Friday, August 9th. Zacks Investment Research upgraded shares of Vivint Solar from a “sell” rating to a “hold” rating in a report on Saturday, May 11th. Finally, Oppenheimer set a $11.00 price objective on shares of Vivint Solar and gave the stock a “buy” rating in a report on Friday, August 9th. One analyst has rated the stock with a hold rating, five have issued a buy rating and one has given a strong buy rating to the company. The company has a consensus rating of “Buy” and an average target price of $11.10.

In other news, Director Todd R. Pedersen sold 100,000 shares of the business’s stock in a transaction dated Tuesday, July 16th. The shares were sold at an average price of $7.90, for a total value of $790,000.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Dana C. Russell sold 4,210 shares of the business’s stock in a transaction dated Thursday, June 6th. The stock was sold at an average price of $6.75, for a total transaction of $28,417.50. Following the completion of the sale, the chief financial officer now directly owns 312,439 shares of the company’s stock, valued at approximately $2,108,963.25. The disclosure for this sale can be found here. Insiders sold a total of 247,955 shares of company stock valued at $1,820,648 in the last three months. Insiders own 4.10% of the company’s stock.

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. BlackRock Inc. increased its position in shares of Vivint Solar by 4.0% in the 4th quarter. BlackRock Inc. now owns 2,085,407 shares of the company’s stock worth $7,945,000 after purchasing an additional 81,129 shares during the last quarter. Millennium Management LLC bought a new stake in shares of Vivint Solar during the 4th quarter valued at about $1,104,000. Northern Trust Corp grew its position in shares of Vivint Solar by 8.8% during the 4th quarter. Northern Trust Corp now owns 402,180 shares of the company’s stock valued at $1,533,000 after buying an additional 32,460 shares during the last quarter. Two Sigma Advisers LP bought a new stake in shares of Vivint Solar during the 4th quarter valued at about $67,000. Finally, Two Sigma Investments LP bought a new stake in shares of Vivint Solar during the 4th quarter valued at about $138,000. 90.06% of the stock is owned by institutional investors.

Shares of VSLR stock opened at $7.36 on Tuesday. Vivint Solar has a 12 month low of $3.55 and a 12 month high of $9.82. The company has a debt-to-equity ratio of 3.22, a current ratio of 0.94 and a quick ratio of 0.90. The firm has a market capitalization of $902.42 million, a P/E ratio of -3.09 and a beta of 0.36. The company’s fifty day moving average price is $7.98 and its two-hundred day moving average price is $6.28.

About Vivint Solar

Vivint Solar, Inc provides distributed solar energy primarily to residential customers in the United States. It owns and installs solar energy systems through long-term customer contracts. The company also sells photovoltaic installation products, as well as solar renewable energy certificates. As of December 31, 2018, it had an aggregate capacity of 1,060.9 megawatts covering approximately 154,600 homes.

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