Analysts Offer Predictions for Energy Focus, Inc.’s FY2018 Earnings (EFOI)
Energy Focus, Inc. (NASDAQ:EFOI) – Analysts at Oppenheimer Holdings issued their FY2018 earnings per share estimates for Energy Focus in a research note issued to investors on Wednesday. Oppenheimer Holdings analyst C. Rusch anticipates that the construction company will post earnings of ($0.38) per share for the year.
A number of other equities analysts have also commented on EFOI. HC Wainwright reiterated a “buy” rating and issued a $6.00 price objective on shares of Energy Focus in a report on Thursday, August 10th. Zacks Investment Research upgraded shares of Energy Focus from a “hold” rating to a “buy” rating and set a $2.25 target price on the stock in a research note on Friday, August 11th. ValuEngine upgraded shares of Energy Focus from a “strong sell” rating to a “sell” rating in a research note on Friday, September 15th. Roth Capital set a $2.00 price objective on shares of Energy Focus and gave the stock a “hold” rating in a research note on Friday, October 6th. Finally, B. Riley reiterated a “neutral” rating on shares of Energy Focus in a research note on Wednesday, November 1st. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and two have issued a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus target price of $3.63.
Energy Focus (NASDAQ EFOI) opened at $2.85 on Friday. Energy Focus has a 1-year low of $1.51 and a 1-year high of $5.32.
Energy Focus (NASDAQ:EFOI) last announced its quarterly earnings results on Wednesday, August 9th. The construction company reported ($0.17) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.32) by $0.15. Energy Focus had a negative net margin of 77.18% and a negative return on equity of 45.60%. The firm had revenue of $6.01 million during the quarter, compared to analysts’ expectations of $5.24 million. During the same period in the prior year, the company earned ($0.34) EPS. The firm’s revenue was down 15.6% on a year-over-year basis.
An institutional investor recently raised its position in Energy Focus stock. WealthTrust Axiom LLC boosted its holdings in shares of Energy Focus, Inc. (NASDAQ:EFOI) by 8.5% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 461,144 shares of the construction company’s stock after purchasing an additional 36,150 shares during the period. WealthTrust Axiom LLC owned approximately 3.89% of Energy Focus worth $1,258,000 at the end of the most recent quarter. Institutional investors and hedge funds own 16.81% of the company’s stock.
Energy Focus Company Profile
Energy Focus, Inc along with its subsidiaries is engaged in the design, development, manufacturing, marketing, installation and sale of lighting systems. The Company is engaged in developing and selling of light-emitting diode (LED) lighting products for military maritime market, and general commercial and industrial markets.
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