Zacks: Analysts Anticipate Revolution Lighting Technologies Inc (RVLT) to Post -$0.06 Earnings Per Share
Analysts expect Revolution Lighting Technologies Inc (NASDAQ:RVLT) to announce earnings per share of ($0.06) for the current fiscal quarter, according to Zacks. Two analysts have issued estimates for Revolution Lighting Technologies’ earnings. Revolution Lighting Technologies also posted earnings of ($0.06) per share in the same quarter last year. The company is expected to issue its next quarterly earnings results on Thursday, November 22nd.
On average, analysts expect that Revolution Lighting Technologies will report full year earnings of ($0.24) per share for the current financial year. For the next fiscal year, analysts anticipate that the business will post earnings of ($0.01) per share. Zacks Investment Research’s earnings per share calculations are a mean average based on a survey of research firms that follow Revolution Lighting Technologies.
Separately, Roth Capital decreased their price objective on Revolution Lighting Technologies from $5.00 to $2.00 and set a “buy” rating on the stock in a report on Wednesday, October 17th.
Institutional investors and hedge funds have recently added to or reduced their stakes in the company. LMR Partners LLP purchased a new position in shares of Revolution Lighting Technologies in the second quarter worth about $159,000. UBS Group AG grew its stake in shares of Revolution Lighting Technologies by 47.0% in the first quarter. UBS Group AG now owns 52,191 shares of the electronics maker’s stock worth $179,000 after purchasing an additional 16,689 shares during the last quarter. Sheaff Brock Investment Advisors LLC bought a new stake in shares of Revolution Lighting Technologies in the third quarter worth about $157,000. Paloma Partners Management Co bought a new stake in shares of Revolution Lighting Technologies in the second quarter worth about $245,000. Finally, Northern Trust Corp grew its stake in shares of Revolution Lighting Technologies by 13.0% in the first quarter. Northern Trust Corp now owns 136,869 shares of the electronics maker’s stock worth $469,000 after purchasing an additional 15,785 shares during the last quarter. Hedge funds and other institutional investors own 33.69% of the company’s stock.
About Revolution Lighting Technologies
Revolution Lighting Technologies, Inc designs, manufactures, markets, and sells light-emitting diode (LED) lighting solutions focusing on the industrial, commercial, and government markets in the United States, Canada, and internationally. The company offers interior and exterior LED lamps and fixtures, including signage and control systems.
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