Sunrun Inc. (RUN) Expected to Post Earnings of $0.12 Per Share
Wall Street brokerages forecast that Sunrun Inc. (NASDAQ:RUN) will announce earnings per share (EPS) of $0.12 for the current fiscal quarter, Zacks Investment Research reports. Two analysts have provided estimates for Sunrun’s earnings. The lowest EPS estimate is $0.07 and the highest is $0.21. Sunrun posted earnings of $0.16 per share during the same quarter last year, which would indicate a negative year over year growth rate of 25%. The business is expected to report its next earnings results on Thursday, November 9th.
According to Zacks, analysts expect that Sunrun will report full-year earnings of $0.62 per share for the current financial year, with EPS estimates ranging from $0.50 to $0.75. For the next financial year, analysts anticipate that the firm will report earnings of $1.41 per share, with EPS estimates ranging from $0.32 to $2.58. Zacks Investment Research’s EPS averages are an average based on a survey of sell-side research firms that follow Sunrun.
Sunrun (NASDAQ:RUN) last issued its quarterly earnings data on Monday, August 7th. The energy company reported $0.23 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.20 by $0.03. The company had revenue of $137.85 million for the quarter, compared to analyst estimates of $143.35 million. Sunrun had a net margin of 17.65% and a return on equity of 8.76%. The company’s revenue was up 12.5% on a year-over-year basis. During the same period in the prior year, the firm earned $0.31 earnings per share.
A number of equities research analysts recently issued reports on the company. ValuEngine cut Sunrun from a “strong-buy” rating to a “buy” rating in a research note on Friday, September 1st. BidaskClub cut Sunrun from a “strong-buy” rating to a “buy” rating in a research report on Friday, August 11th. Zacks Investment Research upgraded Sunrun from a “hold” rating to a “buy” rating and set a $7.75 price target on the stock in a research report on Wednesday, July 12th. Goldman Sachs Group, Inc. (The) set a $10.00 price objective on shares of Sunrun and gave the stock a “buy” rating in a research report on Tuesday, June 20th. Finally, Barclays PLC upped their price objective on shares of Sunrun from $6.00 to $8.00 and gave the stock an “overweight” rating in a research report on Tuesday, August 8th. Three investment analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the company. The company currently has a consensus rating of “Buy” and an average target price of $9.33.
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In other news, insider Steven Vassallo sold 33,576 shares of Sunrun stock in a transaction dated Monday, August 28th. The stock was sold at an average price of $7.16, for a total transaction of $240,404.16. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Chairman Edward Harris Fenster sold 115,094 shares of Sunrun stock in a transaction dated Wednesday, August 9th. The shares were sold at an average price of $6.82, for a total value of $784,941.08. Following the transaction, the chairman now directly owns 2,371,439 shares in the company, valued at $16,173,213.98. The disclosure for this sale can be found here. Company insiders own 24.13% of the company’s stock.
A number of institutional investors and hedge funds have recently modified their holdings of RUN. Teachers Advisors LLC raised its stake in Sunrun by 24.6% during the 4th quarter. Teachers Advisors LLC now owns 126,161 shares of the energy company’s stock valued at $670,000 after purchasing an additional 24,909 shares during the period. Wells Fargo & Company MN increased its stake in Sunrun by 108.9% in the 1st quarter. Wells Fargo & Company MN now owns 281,450 shares of the energy company’s stock worth $1,519,000 after acquiring an additional 146,733 shares during the last quarter. Bank of New York Mellon Corp increased its stake in Sunrun by 11.1% in the 1st quarter. Bank of New York Mellon Corp now owns 377,406 shares of the energy company’s stock worth $2,038,000 after acquiring an additional 37,857 shares during the last quarter. UBS Asset Management Americas Inc. increased its stake in Sunrun by 155.8% in the 1st quarter. UBS Asset Management Americas Inc. now owns 43,486 shares of the energy company’s stock worth $235,000 after acquiring an additional 26,486 shares during the last quarter. Finally, Parametric Portfolio Associates LLC bought a new stake in Sunrun in the 1st quarter worth approximately $458,000. 73.58% of the stock is currently owned by institutional investors.
Shares of Sunrun (NASDAQ RUN) traded up 0.51% during trading on Friday, hitting $6.86. 458,421 shares of the stock traded hands. The stock has a market cap of $728.80 million, a price-to-earnings ratio of 8.81 and a beta of -0.64. Sunrun has a 1-year low of $4.15 and a 1-year high of $7.34. The stock has a 50 day moving average price of $6.89 and a 200-day moving average price of $6.19.
Sunrun Inc is engaged in the design, development, installation, sale, ownership and maintenance of residential solar energy systems (Projects) in the United States. The Company is engaged in providing solar energy services and products to its customers. As of December 31, 2016, it operated a fleet of residential solar energy systems in the United States, with approximately 134,000 customers across 16 states, as well as the District of Columbia.
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