Vivint Solar, Inc. (NYSE:VSLR) Announces Earnings Results, Beats Estimates By $0.07 EPS

Vivint Solar, Inc. (NYSE:VSLR) posted its quarterly earnings results on Tuesday. The semiconductor company reported ($0.33) EPS for the quarter, topping analysts’ consensus estimates of ($0.40) by $0.07, Bloomberg Earnings reports. Vivint Solar had a negative return on equity of 29.10% and a net margin of 36.54%. The business had revenue of $73 million during the quarter, compared to analysts’ expectations of $65.41 million. During the same quarter last year, the company posted $0.12 earnings per share. Vivint Solar’s quarterly revenue was up 109.2% on a year-over-year basis.

Shares of Vivint Solar (NYSE:VSLR) traded down 2.00% during midday trading on Wednesday, hitting $4.90. The stock had a trading volume of 696,230 shares. The company has a market cap of $541.82 million, a price-to-earnings ratio of 9.12 and a beta of -0.25. Vivint Solar has a 52 week low of $2.50 and a 52 week high of $6.09. The stock’s 50-day moving average price is $5.40 and its 200 day moving average price is $3.61.

In other news, COO Bryan Christiansen sold 27,033 shares of the firm’s stock in a transaction that occurred on Thursday, July 6th. The shares were sold at an average price of $5.50, for a total transaction of $148,681.50. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Dana C. Russell sold 149,500 shares of the firm’s stock in a transaction that occurred on Friday, May 12th. The stock was sold at an average price of $2.76, for a total transaction of $412,620.00. Following the sale, the chief financial officer now owns 250,500 shares of the company’s stock, valued at approximately $691,380. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 855,561 shares of company stock valued at $3,394,270. 4.50% of the stock is currently owned by company insiders.

Several large investors have recently modified their holdings of VSLR. IPG Investment Advisors LLC bought a new stake in shares of Vivint Solar during the first quarter valued at about $112,000. OMERS ADMINISTRATION Corp bought a new stake in shares of Vivint Solar during the first quarter valued at about $118,000. Rhumbline Advisers raised its stake in shares of Vivint Solar by 9.8% in the second quarter. Rhumbline Advisers now owns 28,571 shares of the semiconductor company’s stock valued at $167,000 after buying an additional 2,549 shares during the last quarter. Raymond James Financial Services Advisors Inc. raised its stake in shares of Vivint Solar by 1.4% in the first quarter. Raymond James Financial Services Advisors Inc. now owns 73,259 shares of the semiconductor company’s stock valued at $205,000 after buying an additional 1,000 shares during the last quarter. Finally, JPMorgan Chase & Co. bought a new stake in shares of Vivint Solar during the second quarter valued at about $278,000. Institutional investors own 93.72% of the company’s stock.

VSLR has been the subject of a number of research analyst reports. Credit Suisse Group set a $4.00 price target on Vivint Solar and gave the stock a “hold” rating in a report on Monday, May 8th. Zacks Investment Research upgraded Vivint Solar from a “hold” rating to a “buy” rating and set a $3.25 price target for the company in a report on Thursday, May 11th. Goldman Sachs Group, Inc. (The) upgraded Vivint Solar from a “neutral” rating to a “buy” rating and lifted their price target for the stock from $3.50 to $6.00 in a report on Tuesday, June 20th. ValuEngine upgraded Vivint Solar from a “sell” rating to a “hold” rating in a report on Wednesday, June 21st. Finally, Deutsche Bank AG cut Vivint Solar from a “buy” rating to a “hold” rating and set a $6.00 price target for the company. in a report on Wednesday. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and three have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average price target of $5.32.

COPYRIGHT VIOLATION NOTICE: This article was originally published by Sports Perspectives and is the sole property of of Sports Perspectives. If you are viewing this article on another domain, it was stolen and reposted in violation of international copyright and trademark laws. The original version of this article can be accessed at https://sportsperspectives.com/2017/08/09/vivint-solar-inc-nysevslr-announces-earnings-results-beats-estimates-by-0-07-eps.html.

About Vivint Solar

Vivint Solar, Inc offers distributed solar energy, electricity generated by a solar energy system installed at or near customers’ locations, to residential customers. Through investment funds, the Company owns solar energy systems it installs and provides solar electricity pursuant to long-term contracts with its customers.

Earnings History for Vivint Solar (NYSE:VSLR)

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

Latest News

Leave a Reply