Wall Street brokerages expect Sunrun Inc (NASDAQ:RUN) to report earnings of $0.14 per share for the current quarter, according to Zacks. Two analysts have made estimates for Sunrun’s earnings, with the lowest EPS estimate coming in at $0.07 and the highest estimate coming in at $0.21. Sunrun reported earnings per share of $0.16 in the same quarter last year, which would suggest a negative year over year growth rate of 12.5%. The firm is expected to issue its next quarterly earnings results after the market closes on Wednesday, November 8th.
On average, analysts expect that Sunrun will report full year earnings of $0.63 per share for the current fiscal year, with EPS estimates ranging from $0.50 to $0.75. For the next financial year, analysts expect that the company will post earnings of $0.32 per share. Zacks Investment Research’s EPS averages are a mean average based on a survey of sell-side research firms that follow Sunrun.
Sunrun (NASDAQ:RUN) last issued its quarterly earnings results on Monday, August 7th. The energy company reported $0.23 EPS for the quarter, topping the consensus estimate of $0.20 by $0.03. The company had revenue of $137.85 million during the quarter, compared to analyst estimates of $143.35 million. Sunrun had a negative net margin of 47.33% and a positive return on equity of 14.25%. The firm’s revenue was up 12.5% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.31 EPS.
Several equities research analysts have issued reports on RUN shares. Zacks Investment Research raised shares of Sunrun from a “hold” rating to a “buy” rating and set a $7.75 target price on the stock in a research note on Wednesday, July 12th. BidaskClub cut shares of Sunrun from a “buy” rating to a “hold” rating in a research note on Wednesday, September 20th. ValuEngine cut shares of Sunrun from a “strong-buy” rating to a “buy” rating in a research note on Friday, September 1st. Barclays PLC lifted their target price on shares of Sunrun from $6.00 to $8.00 and gave the stock an “overweight” rating in a research note on Tuesday, August 8th. Finally, Bank of America Corporation reaffirmed a “neutral” rating and set a $8.00 target price (up previously from $7.75) on shares of Sunrun in a research note on Thursday, August 10th. Three investment analysts have rated the stock with a hold rating, six have issued a buy rating and one has given a strong buy rating to the company. The company has an average rating of “Buy” and an average price target of $7.88.
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Shares of Sunrun (NASDAQ RUN) opened at $5.65 on Friday. Sunrun has a one year low of $4.15 and a one year high of $7.78. The company has a current ratio of 0.71, a quick ratio of 0.61 and a debt-to-equity ratio of 0.87. The stock has a market cap of $600.36, a price-to-earnings ratio of 7.24, a price-to-earnings-growth ratio of 0.42 and a beta of -0.68.
In other Sunrun news, insider Steven Vassallo sold 33,576 shares of the business’s stock in a transaction dated Monday, August 28th. The shares were sold at an average price of $7.16, for a total transaction of $240,404.16. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Chairman Edward Harris Fenster sold 115,094 shares of the business’s stock in a transaction dated Wednesday, August 9th. The stock was sold at an average price of $6.82, for a total transaction of $784,941.08. Following the sale, the chairman now owns 2,371,439 shares in the company, valued at $16,173,213.98. The disclosure for this sale can be found here. Corporate insiders own 24.13% of the company’s stock.
Hedge funds have recently added to or reduced their stakes in the stock. Suntrust Banks Inc. purchased a new stake in shares of Sunrun during the second quarter worth approximately $112,000. Citigroup Inc. increased its stake in shares of Sunrun by 760.3% during the second quarter. Citigroup Inc. now owns 18,678 shares of the energy company’s stock worth $133,000 after buying an additional 16,507 shares during the period. Legal & General Group Plc increased its stake in shares of Sunrun by 16.3% during the second quarter. Legal & General Group Plc now owns 19,795 shares of the energy company’s stock worth $141,000 after buying an additional 2,768 shares during the period. Dynamic Technology Lab Private Ltd increased its stake in shares of Sunrun by 30.0% during the second quarter. Dynamic Technology Lab Private Ltd now owns 22,241 shares of the energy company’s stock worth $159,000 after buying an additional 5,134 shares during the period. Finally, ETRADE Capital Management LLC purchased a new stake in shares of Sunrun during the second quarter worth approximately $195,000. Hedge funds and other institutional investors own 74.33% of the company’s stock.
Sunrun Inc is engaged in the design, development, installation, sale, ownership and maintenance of residential solar energy systems (Projects) in the United States. The Company is engaged in providing solar energy services and products to its customers. As of December 31, 2016, it operated a fleet of residential solar energy systems in the United States, with approximately 134,000 customers across 16 states, as well as the District of Columbia.
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