Analysts Anticipate Enphase Energy Inc (ENPH) Will Post Earnings of $0.06 Per Share

Brokerages expect Enphase Energy Inc (NASDAQ:ENPH) to announce $0.06 earnings per share for the current fiscal quarter, Zacks reports. Five analysts have provided estimates for Enphase Energy’s earnings, with estimates ranging from $0.05 to $0.07. Enphase Energy posted earnings of $0.01 per share in the same quarter last year, which would suggest a positive year over year growth rate of 500%. The firm is scheduled to announce its next earnings results after the market closes on Tuesday, February 26th.

According to Zacks, analysts expect that Enphase Energy will report full year earnings of $0.11 per share for the current year, with EPS estimates ranging from $0.09 to $0.12. For the next fiscal year, analysts anticipate that the business will post earnings of $0.28 per share, with EPS estimates ranging from $0.20 to $0.33. Zacks’ EPS averages are a mean average based on a survey of research firms that that provide coverage for Enphase Energy.

Several brokerages recently issued reports on ENPH. ValuEngine upgraded Enphase Energy from a “hold” rating to a “buy” rating in a research note on Monday, February 4th. HC Wainwright set a $9.00 price objective on Enphase Energy and gave the stock a “buy” rating in a research note on Tuesday, January 29th. BidaskClub upgraded Enphase Energy from a “buy” rating to a “strong-buy” rating in a research note on Saturday, January 19th. TheStreet upgraded Enphase Energy from a “d+” rating to a “c-” rating in a research note on Wednesday, November 28th. Finally, B. Riley set a $8.00 price objective on Enphase Energy and gave the stock a “buy” rating in a research note on Wednesday, November 7th. One research analyst has rated the stock with a hold rating, seven have given a buy rating and one has given a strong buy rating to the company’s stock. Enphase Energy presently has an average rating of “Buy” and a consensus price target of $7.21.

ENPH traded down $0.02 during trading hours on Thursday, hitting $7.66. 1,040,016 shares of the stock were exchanged, compared to its average volume of 1,804,049. Enphase Energy has a 12 month low of $2.37 and a 12 month high of $7.94. The stock has a market capitalization of $808.05 million, a PE ratio of -14.19 and a beta of 1.39. The company has a debt-to-equity ratio of 21.18, a current ratio of 1.55 and a quick ratio of 1.42.

A number of institutional investors and hedge funds have recently made changes to their positions in ENPH. Capital Investment Advisory Services LLC bought a new stake in Enphase Energy in the fourth quarter valued at $38,000. Westside Investment Management Inc. increased its holdings in shares of Enphase Energy by 28.4% during the fourth quarter. Westside Investment Management Inc. now owns 8,986 shares of the semiconductor company’s stock valued at $43,000 after purchasing an additional 1,986 shares during the period. Raymond James Financial Services Advisors Inc. increased its holdings in shares of Enphase Energy by 24.7% during the fourth quarter. Raymond James Financial Services Advisors Inc. now owns 12,605 shares of the semiconductor company’s stock valued at $60,000 after purchasing an additional 2,500 shares during the period. LPL Financial LLC acquired a new position in shares of Enphase Energy during the fourth quarter valued at $66,000. Finally, Fisher Asset Management LLC acquired a new position in shares of Enphase Energy during the fourth quarter valued at $102,000. Hedge funds and other institutional investors own 39.13% of the company’s stock.

About Enphase Energy

Enphase Energy, Inc, together with its subsidiaries, designs, develops, and sells microinverter systems for residential and commercial markets in the United States and internationally. The company's semiconductor-based microinverter system converts direct current (DC) electricity to alternating current (AC) electricity at the individual solar module level.

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