Energous Corporation (WATT) to Release Earnings on Wednesday

Energous Corporation (NASDAQ:WATT) will be posting its quarterly earnings results after the market closes on Wednesday, November 8th. Analysts expect Energous Corporation to post earnings of ($0.56) per share for the quarter.

Energous Corporation (NASDAQ:WATT) last posted its quarterly earnings data on Tuesday, August 8th. The industrial products company reported ($0.63) earnings per share for the quarter, meeting the Thomson Reuters’ consensus estimate of ($0.63). The business had revenue of $0.30 million during the quarter, compared to the consensus estimate of $0.43 million. Energous Corporation had a negative return on equity of 237.18% and a negative net margin of 2,495.17%. On average, analysts expect Energous Corporation to post $-2.06 EPS for the current fiscal year and $0.49 EPS for the next fiscal year.

Shares of Energous Corporation (WATT) opened at 9.81 on Wednesday. Energous Corporation has a 12-month low of $8.91 and a 12-month high of $20.55. The stock has a 50 day moving average price of $11.82 and a 200 day moving average price of $13.56. The firm’s market capitalization is $214.83 million.

A number of equities research analysts have recently weighed in on the company. BidaskClub downgraded Energous Corporation from a “sell” rating to a “strong sell” rating in a report on Tuesday, August 1st. Roth Capital set a $23.00 price target on Energous Corporation and gave the company a “buy” rating in a report on Monday, August 7th. Zacks Investment Research upgraded Energous Corporation from a “hold” rating to a “buy” rating and set a $15.00 price target for the company in a report on Friday, August 11th. Finally, ValuEngine downgraded Energous Corporation from a “hold” rating to a “sell” rating in a report on Tuesday, August 1st. Two investment analysts have rated the stock with a sell rating, three have issued a hold rating and two have assigned a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus target price of $17.75.

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In related news, insider Michael Aaron Leabman sold 10,515 shares of the business’s stock in a transaction that occurred on Monday, August 21st. The stock was sold at an average price of $9.31, for a total transaction of $97,894.65. Following the completion of the transaction, the insider now owns 181,889 shares in the company, valued at approximately $1,693,386.59. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, VP Cesar Johnston sold 9,699 shares of the business’s stock in a transaction that occurred on Wednesday, August 23rd. The shares were sold at an average price of $9.40, for a total value of $91,170.60. Following the transaction, the vice president now owns 106,025 shares of the company’s stock, valued at approximately $996,635. The disclosure for this sale can be found here. Insiders sold a total of 48,786 shares of company stock valued at $535,442 over the last quarter. Company insiders own 6.20% of the company’s stock.

Energous Corporation Company Profile

Energous Corporation is engaged in developing a technology called WattUp that consists of semiconductor chipsets, software, hardware designs and antennas that can enable radio frequency (RF)-based wire-free charging for electronic devices, providing power at a distance and enabling charging with mobility under software control.

Earnings History for Energous Corporation (NASDAQ:WATT)

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