SolarEdge Technologies, Inc. (NASDAQ:SEDG) is set to post its quarterly earnings results after the market closes on Monday, November 6th. Analysts expect SolarEdge Technologies to post earnings of $0.55 per share for the quarter.
SolarEdge Technologies (NASDAQ:SEDG) last posted its earnings results on Wednesday, August 2nd. The semiconductor company reported $0.55 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.37 by $0.18. The company had revenue of $136.10 million during the quarter, compared to analyst estimates of $125.07 million. SolarEdge Technologies had a return on equity of 21.01% and a net margin of 12.64%. The business’s revenue was up 9.1% compared to the same quarter last year. During the same period in the prior year, the company earned $0.44 earnings per share. On average, analysts expect SolarEdge Technologies to post $2 EPS for the current fiscal year and $2 EPS for the next fiscal year.
SolarEdge Technologies, Inc. (NASDAQ:SEDG) opened at $33.80 on Friday. The company has a quick ratio of 3.92, a current ratio of 4.64 and a debt-to-equity ratio of 0.01. The firm has a market cap of $1,363.53, a P/E ratio of 22.04, a P/E/G ratio of 0.84 and a beta of 0.10.
Several equities analysts recently issued reports on the company. J P Morgan Chase & Co increased their target price on SolarEdge Technologies from $31.00 to $37.00 and gave the stock an “overweight” rating in a research note on Wednesday. ValuEngine lowered SolarEdge Technologies from a “buy” rating to a “hold” rating in a research note on Friday, October 27th. Roth Capital set a $30.00 target price on SolarEdge Technologies and gave the stock a “buy” rating in a research note on Sunday, October 15th. Zacks Investment Research lowered SolarEdge Technologies from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, October 4th. Finally, BidaskClub raised SolarEdge Technologies from a “buy” rating to a “strong-buy” rating in a research note on Tuesday, August 8th. Three analysts have rated the stock with a sell rating, three have assigned a hold rating, eleven have assigned a buy rating and two have issued a strong buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average price target of $26.27.
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In other news, CFO Ronen Faier sold 30,000 shares of the stock in a transaction dated Wednesday, September 27th. The stock was sold at an average price of $28.56, for a total value of $856,800.00. Following the transaction, the chief financial officer now owns 80,000 shares in the company, valued at approximately $2,284,800. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Doron Inbar sold 50,000 shares of the stock in a transaction dated Tuesday, August 8th. The shares were sold at an average price of $28.00, for a total value of $1,400,000.00. Following the completion of the transaction, the director now owns 223,333 shares in the company, valued at approximately $6,253,324. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 130,000 shares of company stock worth $3,713,450. 16.40% of the stock is owned by company insiders.
SolarEdge Technologies Company Profile
SolarEdge Technologies, Inc offers an inverter solution for a solar photovoltaic (PV) system. The Company’s products include SolarEdge Power Optimizer, SolarEdge Inverter, StorEdge Solutions and SolarEdge Monitoring Software. Its product roadmap consists of categories, including power optimizers, inverters, monitoring services, energy storage and smart energy management.
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