Sunrun Inc (RUN) Expected to Post Earnings of $0.25 Per Share

Brokerages predict that Sunrun Inc (NASDAQ:RUN) will announce $0.25 earnings per share for the current quarter, according to Zacks. Two analysts have issued estimates for Sunrun’s earnings, with estimates ranging from $0.07 to $0.48. Sunrun also reported earnings of $0.25 per share during the same quarter last year. The company is expected to issue its next earnings results on Tuesday, March 5th.

According to Zacks, analysts expect that Sunrun will report full year earnings of $0.90 per share for the current fiscal year, with EPS estimates ranging from $0.38 to $1.66. For the next year, analysts expect that the firm will post earnings of $1.10 per share, with EPS estimates ranging from $0.33 to $1.89. Zacks’ EPS calculations are an average based on a survey of analysts that cover Sunrun.

Sunrun (NASDAQ:RUN) last announced its quarterly earnings data on Wednesday, November 7th. The energy company reported ($0.02) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.34 by ($0.36). Sunrun had a net margin of 13.72% and a return on equity of 4.78%. The firm had revenue of $204.96 million for the quarter, compared to analysts’ expectations of $190.06 million. During the same period last year, the company posted $0.25 earnings per share. The business’s revenue for the quarter was up 41.8% compared to the same quarter last year.

A number of analysts have recently issued reports on RUN shares. Zacks Investment Research raised shares of Sunrun from a “strong sell” rating to a “hold” rating in a report on Thursday. ValuEngine downgraded shares of Sunrun from a “strong-buy” rating to a “buy” rating in a report on Thursday, August 2nd. Bank of America raised shares of Sunrun from a “neutral” rating to a “buy” rating and raised their price target for the company from $16.00 to $17.00 in a report on Tuesday, September 11th. They noted that the move was a valuation call. Roth Capital set a $18.00 price target on shares of Sunrun and gave the company a “buy” rating in a report on Thursday, August 9th. Finally, Morgan Stanley downgraded shares of Sunrun from an “overweight” rating to an “equal weight” rating and raised their price target for the company from $8.00 to $15.00 in a report on Friday, August 3rd. They noted that the move was a valuation call. Three analysts have rated the stock with a hold rating, eight have issued a buy rating and one has given a strong buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average target price of $15.25.

In other Sunrun news, major shareholder Tiger Global Management Llc acquired 13,502 shares of the stock in a transaction dated Thursday, September 27th. The shares were purchased at an average price of $12.00 per share, for a total transaction of $162,024.00. The acquisition was disclosed in a filing with the SEC, which can be accessed through the SEC website. In the last ninety days, insiders have bought 482,878 shares of company stock worth $5,755,182. Insiders own 19.45% of the company’s stock.

Several large investors have recently modified their holdings of the company. Victory Capital Management Inc. lifted its stake in shares of Sunrun by 15.9% in the 2nd quarter. Victory Capital Management Inc. now owns 29,724 shares of the energy company’s stock worth $391,000 after purchasing an additional 4,076 shares during the period. United Services Automobile Association raised its stake in Sunrun by 25.4% during the 2nd quarter. United Services Automobile Association now owns 27,185 shares of the energy company’s stock worth $357,000 after acquiring an additional 5,507 shares during the period. State Board of Administration of Florida Retirement System raised its stake in Sunrun by 48.9% during the 3rd quarter. State Board of Administration of Florida Retirement System now owns 22,284 shares of the energy company’s stock worth $277,000 after acquiring an additional 7,314 shares during the period. DekaBank Deutsche Girozentrale raised its stake in Sunrun by 180.5% during the 3rd quarter. DekaBank Deutsche Girozentrale now owns 13,045 shares of the energy company’s stock worth $171,000 after acquiring an additional 8,395 shares during the period. Finally, Levin Capital Strategies L.P. bought a new stake in Sunrun during the 2nd quarter worth approximately $131,000. Hedge funds and other institutional investors own 79.11% of the company’s stock.

RUN stock traded up $0.53 during trading on Friday, hitting $13.12. 1,426,589 shares of the stock traded hands, compared to its average volume of 2,038,190. Sunrun has a 1 year low of $5.08 and a 1 year high of $16.44. The company has a market capitalization of $1.39 billion, a price-to-earnings ratio of 15.26, a price-to-earnings-growth ratio of 0.80 and a beta of -0.59. The company has a debt-to-equity ratio of 1.44, a quick ratio of 0.91 and a current ratio of 1.16.

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 leads. The company markets and sells its products through direct channels, partner channels, mass media, digital media, canvassing, referral, retail, and field marketing.

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