Equities Analysts Issue Forecasts for Enphase Energy Inc’s Q2 2019 Earnings (ENPH)

Share on StockTwits

Enphase Energy Inc (NASDAQ:ENPH) – Equities researchers at Oppenheimer upped their Q2 2019 earnings estimates for Enphase Energy in a research report issued on Tuesday, April 30th. Oppenheimer analyst C. Rusch now expects that the semiconductor company will post earnings per share of $0.10 for the quarter, up from their prior estimate of $0.05. Oppenheimer also issued estimates for Enphase Energy’s Q3 2019 earnings at $0.13 EPS and Q4 2019 earnings at $0.14 EPS.

Enphase Energy (NASDAQ:ENPH) last released its earnings results on Tuesday, April 30th. The semiconductor company reported $0.08 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.05 by $0.03. The firm had revenue of $100.15 million for the quarter, compared to analyst estimates of $92.26 million. Enphase Energy’s revenue was up 43.1% on a year-over-year basis. During the same period in the previous year, the firm earned ($0.01) earnings per share.

A number of other brokerages have also recently weighed in on ENPH. BidaskClub raised Enphase Energy from a “hold” rating to a “buy” rating in a research note on Thursday, January 10th. Roth Capital set a $14.00 price target on Enphase Energy and gave the stock a “buy” rating in a research note on Thursday, March 21st. Craig Hallum reissued a “buy” rating and issued a $17.00 price target (up previously from $10.00) on shares of Enphase Energy in a research note on Wednesday. ValuEngine raised Enphase Energy from a “hold” rating to a “buy” rating in a research note on Monday, February 4th. Finally, HC Wainwright set a $9.00 price target on Enphase Energy and gave the stock a “buy” rating in a research note on Tuesday, January 29th. One research analyst has rated the stock with a sell rating, two have issued a hold rating, five have given a buy rating and two have issued a strong buy rating to the stock. Enphase Energy has an average rating of “Buy” and a consensus price target of $11.36.

NASDAQ:ENPH opened at $12.93 on Friday. The stock has a market cap of $1.11 billion, a P/E ratio of -107.75 and a beta of 1.45. Enphase Energy has a 52-week low of $3.70 and a 52-week high of $13.20. The company has a current ratio of 1.51, a quick ratio of 1.40 and a debt-to-equity ratio of 10.50.

In other Enphase Energy news, VP David A. Ranhoff sold 60,000 shares of the firm’s stock in a transaction dated Monday, March 4th. The stock was sold at an average price of $9.14, for a total transaction of $548,400.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Richard Mora sold 70,000 shares of the firm’s stock in a transaction dated Thursday, February 28th. The stock was sold at an average price of $9.09, for a total value of $636,300.00. Following the sale, the director now owns 109,788 shares of the company’s stock, valued at $997,972.92. The disclosure for this sale can be found here. Insiders sold a total of 163,045 shares of company stock worth $1,478,709 in the last three months. 12.46% of the stock is currently owned by company insiders.

A number of hedge funds and other institutional investors have recently made changes to their positions in ENPH. Capital Investment Advisory Services LLC acquired a new stake in Enphase Energy during the 4th quarter worth about $38,000. Westside Investment Management Inc. boosted its position in Enphase Energy by 28.4% during the 4th quarter. Westside Investment Management Inc. now owns 8,986 shares of the semiconductor company’s stock worth $43,000 after acquiring an additional 1,986 shares during the period. Raymond James Financial Services Advisors Inc. lifted its holdings in shares of Enphase Energy by 24.7% during the 4th quarter. Raymond James Financial Services Advisors Inc. now owns 12,605 shares of the semiconductor company’s stock valued at $60,000 after buying an additional 2,500 shares during the last quarter. LPL Financial LLC acquired a new stake in shares of Enphase Energy during the 4th quarter valued at about $66,000. Finally, Fisher Asset Management LLC acquired a new stake in shares of Enphase Energy during the 4th quarter valued at about $102,000. Hedge funds and other institutional investors own 41.38% of the company’s stock.

About Enphase Energy

Enphase Energy, Inc, together with its subsidiaries, designs, develops, and sells home energy solutions for the solar photovoltaic industry in the United States and internationally. The company offers semiconductor-based microinverter that converts energy at the individual solar module level and combines with its proprietary networking and software technologies to provide energy monitoring and control services.

Further Reading: What are municipal bonds?

Earnings History and Estimates for Enphase Energy (NASDAQ:ENPH)

Receive News & Ratings for Enphase Energy Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Enphase Energy and related companies with MarketBeat.com's FREE daily email newsletter.