Analysts Anticipate Sunrun Inc (RUN) Will Post Earnings of $0.22 Per Share

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Wall Street brokerages expect that Sunrun Inc (NASDAQ:RUN) will post earnings of $0.22 per share for the current fiscal quarter, Zacks Investment Research reports. Two analysts have provided estimates for Sunrun’s earnings. The lowest EPS estimate is $0.07 and the highest is $0.51. Sunrun reported earnings per share of $0.06 in the same quarter last year, which would suggest a positive year-over-year growth rate of 266.7%. The company is scheduled to issue its next quarterly earnings results on Thursday, August 8th.

According to Zacks, analysts expect that Sunrun will report full-year earnings of $0.94 per share for the current fiscal year, with EPS estimates ranging from $0.10 to $2.58. For the next financial year, analysts anticipate that the company will report earnings of $1.05 per share, with EPS estimates ranging from $0.12 to $2.23. Zacks’ EPS calculations are an average based on a survey of research firms that cover Sunrun.

Sunrun (NASDAQ:RUN) last issued its quarterly earnings data on Wednesday, May 8th. The energy company reported ($0.12) earnings per share for the quarter, missing the consensus estimate of $0.31 by ($0.43). The business had revenue of $194.50 million for the quarter, compared to the consensus estimate of $152.90 million. Sunrun had a negative net margin of 1.88% and a negative return on equity of 1.19%.

RUN has been the topic of a number of recent analyst reports. BidaskClub lowered shares of Sunrun from a “buy” rating to a “hold” rating in a research report on Saturday, March 16th. Bank of America reissued a “buy” rating and issued a $23.50 price target (up previously from $17.50) on shares of Sunrun in a research report on Thursday, April 25th. TheStreet lowered shares of Sunrun from a “b-” rating to a “c+” rating in a research report on Friday, March 29th. Credit Suisse Group set a $24.00 price target on shares of Sunrun and gave the company a “buy” rating in a research report on Friday, March 1st. Finally, ValuEngine raised shares of Sunrun from a “buy” rating to a “strong-buy” rating in a research report on Friday, March 1st. Three investment analysts have rated the stock with a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average price target of $18.94.

In other news, Chairman Edward Harris Fenster sold 3,510 shares of the firm’s stock in a transaction on Wednesday, April 24th. The shares were sold at an average price of $17.01, for a total value of $59,705.10. Following the sale, the chairman now owns 2,460,681 shares in the company, valued at $41,856,183.81. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, General Counsel Jeanna Steele sold 4,657 shares of the firm’s stock in a transaction on Wednesday, March 20th. The stock was sold at an average price of $14.58, for a total transaction of $67,899.06. Following the completion of the sale, the general counsel now owns 112,812 shares in the company, valued at approximately $1,644,798.96. The disclosure for this sale can be found here. In the last 90 days, insiders sold 490,540 shares of company stock worth $7,916,585. 9.34% of the stock is currently owned by corporate insiders.

Several institutional investors have recently made changes to their positions in RUN. Benjamin F. Edwards & Company Inc. acquired a new stake in Sunrun during the fourth quarter worth $27,000. Trust Co. of Vermont boosted its stake in Sunrun by 500.6% during the fourth quarter. Trust Co. of Vermont now owns 3,111 shares of the energy company’s stock worth $34,000 after buying an additional 2,593 shares in the last quarter. Rehmann Capital Advisory Group boosted its stake in Sunrun by 363.8% during the fourth quarter. Rehmann Capital Advisory Group now owns 3,789 shares of the energy company’s stock worth $41,000 after buying an additional 2,972 shares in the last quarter. Bank of Montreal Can boosted its stake in Sunrun by 1,008.2% during the fourth quarter. Bank of Montreal Can now owns 7,403 shares of the energy company’s stock worth $81,000 after buying an additional 6,735 shares in the last quarter. Finally, NumerixS Investment Technologies Inc boosted its stake in Sunrun by 54.7% during the fourth quarter. NumerixS Investment Technologies Inc now owns 9,900 shares of the energy company’s stock worth $105,000 after buying an additional 3,500 shares in the last quarter. Institutional investors and hedge funds own 84.91% of the company’s stock.

RUN traded down $0.49 during midday trading on Friday, hitting $15.58. 15,152 shares of the company’s stock traded hands, compared to its average volume of 1,135,391. Sunrun has a one year low of $8.81 and a one year high of $17.44. The firm has a market cap of $1.70 billion, a PE ratio of 67.60, a PEG ratio of 3.15 and a beta of 0.58. The company has a debt-to-equity ratio of 1.64, a quick ratio of 1.15 and a current ratio of 1.37.

About Sunrun

Sunrun Inc engages in the design, development, installation, sale, ownership, and maintenance of residential solar energy systems in the United States. It also sells solar energy systems and products, such as panels and racking, as well as solar leads generated to customers. The company markets and sells its products through direct-to-consumer approach across online, retail, mass media, digital media, canvassing, field marketing, and referral channels, as well as its partner network.

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