Nextracker (NASDAQ:NXT – Get Free Report) updated its FY25 earnings guidance on Thursday. The company provided EPS guidance of $2.89-3.09 for the period, compared to the consensus EPS estimate of $3.02. The company issued revenue guidance of $2.8-2.9 billion, compared to the consensus revenue estimate of $2.86 billion. Nextracker also updated its FY 2025 guidance to 2.890-3.090 EPS.
Nextracker Stock Down 10.4 %
Shares of NXT traded down $4.85 during midday trading on Friday, reaching $41.98. 8,965,076 shares of the stock were exchanged, compared to its average volume of 2,707,945. The company has a market capitalization of $6.09 billion, a P/E ratio of 12.49 and a beta of 2.49. The company has a current ratio of 1.98, a quick ratio of 1.76 and a debt-to-equity ratio of 0.15. Nextracker has a 52 week low of $32.14 and a 52 week high of $62.31. The company’s 50 day moving average is $51.35 and its two-hundred day moving average is $51.52.
Nextracker (NASDAQ:NXT – Get Free Report) last announced its quarterly earnings results on Tuesday, May 14th. The company reported $0.85 earnings per share for the quarter, topping the consensus estimate of $0.47 by $0.38. The firm had revenue of $736.52 million during the quarter, compared to analysts’ expectations of $681.03 million. Nextracker had a net margin of 14.87% and a negative return on equity of 20.75%. On average, sell-side analysts anticipate that Nextracker will post 2.62 earnings per share for the current year.
Analyst Upgrades and Downgrades
Get Our Latest Stock Analysis on Nextracker
Insider Buying and Selling
In other news, insider Bruce Ledesma sold 12,135 shares of the stock in a transaction on Monday, May 20th. The stock was sold at an average price of $43.91, for a total transaction of $532,847.85. Following the completion of the transaction, the insider now directly owns 17,387 shares in the company, valued at approximately $763,463.17. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. 0.27% of the stock is currently owned by company insiders.
Nextracker Company Profile
Nextracker Inc, an energy solutions company, provides solar tracker and software solutions for utility-scale and ground-mounted distributed generation solar projects worldwide. The company offers tracking solutions, which includes NX Horizon, a solar tracking solution; NX Gemini, a two-in-portrait format tracker, which holds two rows of solar panels along the central support beam; and NX Horizon-XTR, a terrain-following tracker designed to expand the addressable market for trackers on sites with sloped, uneven, and challenging terrain.
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