Analysts expect that Enphase Energy, Inc. (NASDAQ:ENPH) will announce sales of $75.91 million for the current quarter, according to Zacks Investment Research. Four analysts have issued estimates for Enphase Energy’s earnings, with estimates ranging from $74.30 million to $78.00 million. Enphase Energy posted sales of $90.60 million in the same quarter last year, which suggests a negative year-over-year growth rate of 16.2%. The company is scheduled to issue its next earnings results on Tuesday, February 27th.

On average, analysts expect that Enphase Energy will report full-year sales of $75.91 million for the current fiscal year, with estimates ranging from $280.70 million to $284.50 million. For the next financial year, analysts forecast that the company will report sales of $324.17 million per share, with estimates ranging from $309.80 million to $332.00 million. Zacks’ sales averages are an average based on a survey of sell-side research firms that follow Enphase Energy.

Enphase Energy (NASDAQ:ENPH) last announced its earnings results on Tuesday, November 7th. The semiconductor company reported ($0.01) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.05) by $0.04. Enphase Energy had a negative net margin of 18.66% and a negative return on equity of 1,232.10%. The company had revenue of $77.00 million for the quarter, compared to the consensus estimate of $77.13 million. During the same period in the previous year, the business earned ($0.28) EPS. The company’s revenue was down 13.2% on a year-over-year basis.

A number of equities analysts have recently weighed in on ENPH shares. Zacks Investment Research downgraded shares of Enphase Energy from a “hold” rating to a “sell” rating in a research note on Friday, August 11th. Needham & Company LLC reaffirmed a “hold” rating on shares of Enphase Energy in a research note on Tuesday, September 26th. Craig Hallum reaffirmed a “buy” rating and issued a $4.00 price target on shares of Enphase Energy in a research note on Monday, November 20th. Cowen reaffirmed a “buy” rating and issued a $2.25 price target on shares of Enphase Energy in a research note on Friday, November 10th. Finally, ValuEngine raised shares of Enphase Energy from a “strong sell” rating to a “sell” rating in a research note on Wednesday, September 27th. Two research analysts have rated the stock with a sell rating, three have issued a hold rating and two have assigned a buy rating to the stock. The company has an average rating of “Hold” and a consensus target price of $2.06.

Shares of Enphase Energy (ENPH) traded up $0.03 during trading hours on Thursday, reaching $2.90. 1,481,951 shares of the company’s stock traded hands, compared to its average volume of 892,813. The company has a debt-to-equity ratio of -4.75, a quick ratio of 1.30 and a current ratio of 1.59. Enphase Energy has a 52 week low of $0.65 and a 52 week high of $3.45.

In related news, Director John Howard Weber sold 55,526 shares of the company’s stock in a transaction on Tuesday, November 21st. The shares were sold at an average price of $2.64, for a total value of $146,588.64. Following the completion of the sale, the director now directly owns 35,326 shares in the company, valued at $93,260.64. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Badrinarayanan Kothandaraman acquired 40,677 shares of the firm’s stock in a transaction that occurred on Thursday, November 9th. The stock was acquired at an average price of $1.78 per share, with a total value of $72,405.06. Following the completion of the acquisition, the chief executive officer now directly owns 40,677 shares of the company’s stock, valued at approximately $72,405.06. The disclosure for this purchase can be found here. Corporate insiders own 15.92% of the company’s stock.

A number of large investors have recently modified their holdings of ENPH. Northern Trust Corp boosted its holdings in Enphase Energy by 4.6% in the second quarter. Northern Trust Corp now owns 125,328 shares of the semiconductor company’s stock worth $108,000 after purchasing an additional 5,479 shares in the last quarter. First Trust Advisors LP boosted its holdings in Enphase Energy by 55.4% in the second quarter. First Trust Advisors LP now owns 125,973 shares of the semiconductor company’s stock worth $109,000 after purchasing an additional 44,908 shares in the last quarter. KBC Group NV boosted its holdings in Enphase Energy by 101.3% in the third quarter. KBC Group NV now owns 180,137 shares of the semiconductor company’s stock worth $274,000 after purchasing an additional 90,665 shares in the last quarter. K2 Principal Fund L.P. boosted its holdings in Enphase Energy by 470.1% in the second quarter. K2 Principal Fund L.P. now owns 440,810 shares of the semiconductor company’s stock worth $381,000 after purchasing an additional 363,490 shares in the last quarter. Finally, Renaissance Technologies LLC boosted its holdings in Enphase Energy by 28.2% in the first quarter. Renaissance Technologies LLC now owns 523,033 shares of the semiconductor company’s stock worth $717,000 after purchasing an additional 114,900 shares in the last quarter. Hedge funds and other institutional investors own 22.89% of the company’s stock.

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About Enphase Energy

Enphase Energy, Inc is a provider of energy management solutions. The Company is engaged in designing, developing, manufacturing and selling microinverter systems for the solar photovoltaic industry. Its semiconductor-based microinverter system converts direct current (DC) electricity to alternating current (AC) electricity.

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