Vivint Solar Inc (VSLR) Expected to Post Quarterly Sales of $64.89 Million

Brokerages predict that Vivint Solar Inc (NYSE:VSLR) will announce $64.89 million in sales for the current quarter, Zacks Investment Research reports. Two analysts have issued estimates for Vivint Solar’s earnings, with the lowest sales estimate coming in at $56.18 million and the highest estimate coming in at $73.60 million. Vivint Solar reported sales of $41.77 million during the same quarter last year, which indicates a positive year over year growth rate of 55.4%. The firm is expected to report its next earnings report on Thursday, March 15th.

On average, analysts expect that Vivint Solar will report full-year sales of $64.89 million for the current fiscal year, with estimates ranging from $257.43 million to $274.90 million. For the next year, analysts expect that the business will report sales of $340.40 million per share. Zacks Investment Research’s sales calculations are an average based on a survey of research analysts that cover Vivint Solar.

Vivint Solar (NYSE:VSLR) last announced its earnings results on Tuesday, November 7th. The company reported ($0.33) EPS for the quarter, missing the Zacks’ consensus estimate of ($0.29) by ($0.04). Vivint Solar had a negative return on equity of 26.04% and a net margin of 18.65%. The company had revenue of $75.10 million during the quarter, compared to the consensus estimate of $74.56 million. During the same period in the prior year, the business posted ($0.36) earnings per share. Vivint Solar’s revenue for the quarter was up 81.8% compared to the same quarter last year.

A number of research firms have commented on VSLR. Guggenheim cut Vivint Solar from a “buy” rating to a “neutral” rating and set a $5.00 price target on the stock. in a report on Thursday. They noted that the move was a valuation call. ValuEngine cut Vivint Solar from a “sell” rating to a “strong sell” rating in a report on Friday, December 1st. Zacks Investment Research raised Vivint Solar from a “hold” rating to a “buy” rating and set a $4.25 price target on the stock in a report on Saturday, November 11th. Bank of America began coverage on Vivint Solar in a report on Monday, November 6th. They set a “buy” rating on the stock. Finally, TheStreet raised Vivint Solar from a “d” rating to a “c” rating in a report on Monday, October 2nd. One investment analyst has rated the stock with a sell rating, six have given a hold rating and two have given a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average target price of $5.10.

Vivint Solar (NYSE:VSLR) remained flat at $$4.00 during trading hours on Thursday. 275,800 shares of the stock were exchanged, compared to its average volume of 249,318. The company has a quick ratio of 1.05, a current ratio of 1.18 and a debt-to-equity ratio of 1.30. The firm has a market capitalization of $459.05, a P/E ratio of 10.26 and a beta of -0.31. Vivint Solar has a twelve month low of $2.65 and a twelve month high of $6.09.

In other news, Director Alex J. Dunn sold 100,000 shares of Vivint Solar stock in a transaction dated Friday, November 17th. The stock was sold at an average price of $3.43, for a total value of $343,000.00. Following the sale, the director now directly owns 395,649 shares of the company’s stock, valued at $1,357,076.07. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, COO Bryan Christiansen sold 31,700 shares of Vivint Solar stock in a transaction dated Wednesday, December 6th. The stock was sold at an average price of $3.25, for a total value of $103,025.00. Following the completion of the sale, the chief operating officer now directly owns 332,462 shares in the company, valued at $1,080,501.50. The disclosure for this sale can be found here. Insiders sold 236,810 shares of company stock worth $798,623 over the last ninety days. Insiders own 4.50% of the company’s stock.

Several hedge funds have recently modified their holdings of VSLR. Raymond James Financial Services Advisors Inc. grew its position in Vivint Solar by 0.3% in the second quarter. Raymond James Financial Services Advisors Inc. now owns 73,459 shares of the company’s stock worth $430,000 after acquiring an additional 200 shares in the last quarter. Rhumbline Advisers grew its position in Vivint Solar by 9.8% in the second quarter. Rhumbline Advisers now owns 28,571 shares of the company’s stock worth $167,000 after acquiring an additional 2,549 shares in the last quarter. Teachers Advisors LLC grew its position in Vivint Solar by 6.8% in the second quarter. Teachers Advisors LLC now owns 47,791 shares of the company’s stock worth $280,000 after acquiring an additional 3,062 shares in the last quarter. Alliancebernstein L.P. grew its position in Vivint Solar by 9.0% in the second quarter. Alliancebernstein L.P. now owns 88,700 shares of the company’s stock worth $519,000 after acquiring an additional 7,300 shares in the last quarter. Finally, Dynamic Technology Lab Private Ltd grew its position in Vivint Solar by 75.3% in the second quarter. Dynamic Technology Lab Private Ltd now owns 19,161 shares of the company’s stock worth $112,000 after acquiring an additional 8,233 shares in the last quarter. 92.47% of the stock is currently owned by hedge funds and other institutional investors.

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Vivint Solar Company Profile

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.

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