Zacks: Brokerages Anticipate Sunrun Inc (NASDAQ:RUN) to Announce $0.22 Earnings Per Share

Analysts expect Sunrun Inc (NASDAQ:RUN) to post $0.22 earnings per share (EPS) for the current quarter, Zacks reports. Two analysts have issued estimates for Sunrun’s earnings. The lowest EPS estimate is $0.07 and the highest is $0.51. Sunrun posted earnings per share of $0.06 during the same quarter last year, which suggests a positive year over year growth rate of 266.7%. The business is expected to report its next earnings results on Thursday, August 8th.

On average, analysts expect that Sunrun will report full-year earnings of $0.94 per share for the current fiscal year, with EPS estimates ranging from $0.10 to $2.58. For the next fiscal year, analysts forecast that the company will report earnings of $1.05 per share, with EPS estimates ranging from $0.12 to $2.23. Zacks’ EPS calculations are a mean average based on a survey of sell-side analysts that that provide coverage for Sunrun.

Sunrun (NASDAQ:RUN) last issued its quarterly earnings results on Wednesday, May 8th. The energy company reported ($0.12) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.31 by ($0.43). Sunrun had a negative return on equity of 1.19% and a negative net margin of 1.88%. The company had revenue of $194.50 million for the quarter, compared to analysts’ expectations of $152.90 million.

Several equities research analysts have recently issued reports on the stock. Zacks Investment Research lowered shares of Sunrun from a “hold” rating to a “sell” rating in a research note on Wednesday. BidaskClub upgraded shares of Sunrun from a “buy” rating to a “strong-buy” rating in a research note on Thursday, June 20th. Bank of America restated a “buy” rating and set a $23.50 price target (up previously from $17.50) on shares of Sunrun in a research note on Thursday, April 25th. Goldman Sachs Group raised shares of Sunrun from a “neutral” rating to a “buy” rating and set a $20.00 price objective for the company in a report on Monday, June 17th. Finally, Roth Capital set a $24.00 price objective on shares of Sunrun and gave the stock a “buy” rating in a report on Thursday, May 23rd. One analyst has rated the stock with a sell rating, one has given a hold rating, six have issued a buy rating and two have given a strong buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus price target of $20.69.

Shares of RUN stock opened at $18.76 on Thursday. The business’s 50 day moving average is $16.46. The company has a quick ratio of 1.15, a current ratio of 1.37 and a debt-to-equity ratio of 1.64. Sunrun has a 12-month low of $8.81 and a 12-month high of $19.28.

In other news, General Counsel Jeanna Steele sold 9,407 shares of Sunrun stock in a transaction on Thursday, June 20th. The shares were sold at an average price of $18.32, for a total transaction of $172,336.24. 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 acquired 1,016,343 shares of the company’s stock in a transaction dated Friday, June 21st. The shares were bought at an average cost of $18.62 per share, with a total value of $18,924,306.66. The disclosure for this purchase can be found here. Over the last ninety days, insiders have bought 2,665,881 shares of company stock valued at $48,755,482 and have sold 117,129 shares valued at $2,086,424. Insiders own 9.34% of the company’s stock.

A number of large investors have recently modified their holdings of the stock. Bank of Montreal Can raised its position in shares of Sunrun by 1,008.2% during the fourth quarter. Bank of Montreal Can now owns 7,403 shares of the energy company’s stock worth $81,000 after purchasing an additional 6,735 shares during the period. Rhumbline Advisers raised its position in shares of Sunrun by 43.9% during the fourth quarter. Rhumbline Advisers now owns 139,933 shares of the energy company’s stock worth $1,524,000 after purchasing an additional 42,679 shares during the period. SG Americas Securities LLC raised its position in shares of Sunrun by 179.2% during the fourth quarter. SG Americas Securities LLC now owns 24,075 shares of the energy company’s stock worth $262,000 after purchasing an additional 15,452 shares during the period. State Board of Administration of Florida Retirement System raised its position in shares of Sunrun by 43.6% during the fourth quarter. State Board of Administration of Florida Retirement System now owns 32,010 shares of the energy company’s stock worth $349,000 after purchasing an additional 9,726 shares during the period. Finally, Cambridge Investment Research Advisors Inc. acquired a new stake in shares of Sunrun during the fourth quarter worth $136,000. Institutional investors own 82.06% of the company’s stock.

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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