Analysts Anticipate Vivint Solar Inc (NYSE:VSLR) Will Post Quarterly Sales of $91.90 Million

Equities analysts expect Vivint Solar Inc (NYSE:VSLR) to announce sales of $91.90 million for the current fiscal quarter, according to Zacks. Two analysts have provided estimates for Vivint Solar’s earnings. The highest sales estimate is $100.80 million and the lowest is $83.00 million. Vivint Solar posted sales of $80.80 million in the same quarter last year, which would indicate a positive year-over-year growth rate of 13.7%. The company is scheduled to issue its next earnings results on Tuesday, August 6th.

On average, analysts expect that Vivint Solar will report full-year sales of $341.25 million for the current financial year, with estimates ranging from $327.10 million to $355.40 million. For the next fiscal year, analysts expect that the business will post sales of $395.15 million, with estimates ranging from $365.80 million to $424.50 million. Zacks Investment Research’s sales calculations are an average based on a survey of sell-side research firms that follow Vivint Solar.

Vivint Solar (NYSE:VSLR) last released its quarterly earnings results on Thursday, May 9th. The company reported ($0.74) EPS for the quarter, missing analysts’ consensus estimates of ($0.58) by ($0.16). Vivint Solar had a negative return on equity of 87.03% and a negative net margin of 9.90%. The company had revenue of $69.40 million for the quarter, compared to the consensus estimate of $67.25 million. During the same quarter last year, the firm posted ($0.53) earnings per share. The firm’s quarterly revenue was up 1.6% compared to the same quarter last year.

VSLR has been the topic of several recent research reports. Bank of America lifted their price objective on shares of Vivint Solar from $9.50 to $10.00 and gave the stock a “buy” rating in a research note on Monday, March 11th. ValuEngine cut shares of Vivint Solar from a “buy” rating to a “hold” rating in a research note on Monday, March 25th. Roth Capital initiated coverage on shares of Vivint Solar in a research note on Monday, May 6th. They issued a “buy” rating and a $10.00 price objective on the stock. Citigroup raised shares of Vivint Solar from a “neutral” rating to a “buy” rating and lifted their price objective for the stock from $4.25 to $8.50 in a research note on Tuesday, May 7th. Finally, JMP Securities reissued a “buy” rating and issued a $12.00 target price on shares of Vivint Solar in a research report on Wednesday, March 6th. One research analyst has rated the stock with a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the company. The company has a consensus rating of “Buy” and an average price target of $10.13.

In related news, CFO Dana C. Russell sold 4,210 shares of the firm’s stock in a transaction that occurred on Thursday, June 6th. The shares were sold at an average price of $6.75, for a total transaction of $28,417.50. Following the completion of the sale, the chief financial officer now directly owns 312,439 shares in the company, valued at $2,108,963.25. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CEO David Bywater sold 19,690 shares of the firm’s stock in a transaction that occurred on Thursday, June 6th. The stock was sold at an average price of $6.77, for a total transaction of $133,301.30. Following the sale, the chief executive officer now owns 1,131,107 shares of the company’s stock, valued at $7,657,594.39. The disclosure for this sale can be found here. Over the last three months, insiders sold 460,585 shares of company stock worth $2,966,198. 4.20% of the stock is currently owned by insiders.

Several hedge funds have recently bought and sold shares of VSLR. D. E. Shaw & Co. Inc. lifted its stake in Vivint Solar by 322.1% in the fourth quarter. D. E. Shaw & Co. Inc. now owns 486,325 shares of the company’s stock valued at $1,853,000 after acquiring an additional 371,108 shares during the last quarter. Essex Investment Management Co. LLC acquired a new stake in Vivint Solar in the fourth quarter valued at approximately $630,000. Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in Vivint Solar by 41.7% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 25,613 shares of the company’s stock valued at $98,000 after acquiring an additional 7,534 shares during the last quarter. BlackRock Inc. lifted its stake in Vivint Solar by 4.0% in the fourth quarter. BlackRock Inc. now owns 2,085,407 shares of the company’s stock valued at $7,945,000 after acquiring an additional 81,129 shares during the last quarter. Finally, GCA Investment Management LLC lifted its stake in shares of Vivint Solar by 84.5% in the fourth quarter. GCA Investment Management LLC now owns 1,177,743 shares of the company’s stock worth $4,487,000 after buying an additional 539,458 shares during the last quarter. Institutional investors and hedge funds own 91.25% of the company’s stock.

Shares of VSLR stock traded down $0.14 during midday trading on Friday, reaching $6.75. 483,039 shares of the company were exchanged, compared to its average volume of 730,603. The company has a market capitalization of $818.21 million, a price-to-earnings ratio of -2.84 and a beta of 0.26. The company has a current ratio of 0.94, a quick ratio of 0.90 and a debt-to-equity ratio of 3.22. Vivint Solar has a 12 month low of $3.55 and a 12 month high of $7.44.

Vivint Solar Company Profile

Vivint Solar, Inc provides distributed solar energy primarily to residential customers in the United States. It owns and installs solar energy systems through long-term customer contracts. The company also sells photovoltaic installation products, as well as solar renewable energy certificates. As of December 31, 2018, it had an aggregate capacity of 1,060.9 megawatts covering approximately 154,600 homes.

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