Equities research analysts expect Sunrun Inc (NASDAQ:RUN) to report sales of $188.55 million for the current quarter, Zacks reports. Two analysts have issued estimates for Sunrun’s earnings, with the highest sales estimate coming in at $190.70 million and the lowest estimate coming in at $186.40 million. Sunrun posted sales of $170.54 million in the same quarter last year, which suggests a positive year-over-year growth rate of 10.6%. The business is scheduled to issue its next quarterly earnings results on Thursday, August 8th.
According to Zacks, analysts expect that Sunrun will report full year sales of $753.10 million for the current financial year, with estimates ranging from $639.39 million to $855.20 million. For the next year, analysts anticipate that the business will post sales of $828.70 million, with estimates ranging from $738.60 million to $882.70 million. Zacks Investment Research’s sales calculations are a mean average based on a survey of research firms that that provide coverage for Sunrun.
Sunrun (NASDAQ:RUN) last announced its quarterly earnings results on Wednesday, May 8th. The energy company reported ($0.12) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.31 by ($0.43). Sunrun had a negative net margin of 1.88% and a negative return on equity of 1.19%. The business had revenue of $194.50 million during the quarter, compared to analysts’ expectations of $152.90 million.
A number of equities analysts have recently weighed in on RUN shares. Barclays started coverage on shares of Sunrun in a research report on Thursday. They issued an “overweight” rating and a $21.00 price objective for the company. TheStreet downgraded shares of Sunrun from a “b-” rating to a “c+” rating in a research note on Friday, March 29th. BidaskClub downgraded shares of Sunrun from a “strong-buy” rating to a “buy” rating in a research note on Tuesday. Bank of America restated a “buy” rating and issued a $23.50 price objective (up previously from $17.50) on shares of Sunrun in a research note on Thursday, April 25th. Finally, ValuEngine upgraded shares of Sunrun from a “buy” rating to a “strong-buy” rating in a research note on Friday, March 1st. Three research analysts have rated the stock with a hold rating, six have assigned a buy rating and one has given a strong buy rating to the company. Sunrun presently has an average rating of “Buy” and an average price target of $18.94.
In other Sunrun news, General Counsel Jeanna Steele sold 4,657 shares of Sunrun stock in a transaction on Wednesday, March 20th. The shares were sold at an average price of $14.58, for a total transaction of $67,899.06. Following the sale, the general counsel now owns 112,812 shares in the company, valued at $1,644,798.96. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, major shareholder Tiger Global Management Llc purchased 766,201 shares of the firm’s stock in a transaction on Tuesday, March 5th. The shares were acquired at an average price of $16.26 per share, for a total transaction of $12,458,428.26. The disclosure for this purchase can be found here. Insiders have sold 490,540 shares of company stock worth $7,916,585 in the last quarter. Corporate insiders own 9.34% of the company’s stock.
A number of institutional investors and hedge funds have recently bought and sold shares of the business. FMR LLC raised its holdings in shares of Sunrun by 0.9% in the fourth quarter. FMR LLC now owns 16,777,863 shares of the energy company’s stock valued at $182,711,000 after buying an additional 141,866 shares during the last quarter. Vanguard Group Inc. raised its holdings in shares of Sunrun by 8.8% in the third quarter. Vanguard Group Inc. now owns 7,664,932 shares of the energy company’s stock valued at $95,351,000 after buying an additional 618,002 shares during the last quarter. Vanguard Group Inc raised its holdings in shares of Sunrun by 8.8% in the third quarter. Vanguard Group Inc now owns 7,664,932 shares of the energy company’s stock valued at $95,351,000 after buying an additional 618,002 shares during the last quarter. BlackRock Inc. raised its holdings in shares of Sunrun by 0.3% in the first quarter. BlackRock Inc. now owns 6,748,435 shares of the energy company’s stock valued at $94,885,000 after buying an additional 22,508 shares during the last quarter. Finally, Neuberger Berman Group LLC raised its holdings in shares of Sunrun by 5.4% in the first quarter. Neuberger Berman Group LLC now owns 3,912,073 shares of the energy company’s stock valued at $55,003,000 after buying an additional 200,636 shares during the last quarter. Hedge funds and other institutional investors own 84.91% of the company’s stock.
Shares of NASDAQ RUN traded down $0.49 on Tuesday, hitting $15.58. The company’s stock had a trading volume of 15,152 shares, compared to its average volume of 1,135,391. Sunrun has a 12-month low of $8.81 and a 12-month high of $17.44. The company has a market capitalization of $1.70 billion, a PE ratio of 67.60, a price-to-earnings-growth ratio of 3.15 and a beta of 0.58. The company has a debt-to-equity ratio of 1.64, a current ratio of 1.37 and a quick ratio of 1.15.
Sunrun Company Profile
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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