Vivint Solar Inc (NYSE:VSLR) – Research analysts at Oppenheimer issued their FY2019 earnings per share estimates for Vivint Solar in a note issued to investors on Wednesday. Oppenheimer analyst C. Rusch forecasts that the company will post earnings per share of ($1.07) for the year.
Vivint Solar (NYSE:VSLR) last released its earnings results on Wednesday, March 7th. The company reported ($0.43) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.32) by ($0.11). Vivint Solar had a net margin of 78.01% and a negative return on equity of 24.76%. The firm had revenue of $66.78 million for the quarter, compared to analysts’ expectations of $66.87 million. During the same quarter last year, the firm posted ($0.41) EPS. The firm’s quarterly revenue was up 59.9% compared to the same quarter last year.
Vivint Solar (VSLR) traded down $0.10 on Monday, hitting $3.15. 282,058 shares of the company were exchanged, compared to its average volume of 478,105. The company has a debt-to-equity ratio of 1.08, a quick ratio of 0.97 and a current ratio of 1.10. Vivint Solar has a 52 week low of $2.65 and a 52 week high of $6.09.
Institutional investors have recently bought and sold shares of the company. Allegis Investment Advisors LLC bought a new stake in shares of Vivint Solar in the 4th quarter worth about $105,000. Teachers Advisors LLC increased its holdings in shares of Vivint Solar by 6.8% in the 2nd quarter. Teachers Advisors LLC now owns 47,791 shares of the company’s stock worth $280,000 after buying an additional 3,062 shares during the last quarter. Dynamic Technology Lab Private Ltd increased its holdings in shares of Vivint Solar by 191.3% in the 3rd quarter. Dynamic Technology Lab Private Ltd now owns 55,812 shares of the company’s stock worth $190,000 after buying an additional 36,651 shares during the last quarter. TIAA CREF Investment Management LLC increased its holdings in shares of Vivint Solar by 18.6% in the 2nd quarter. TIAA CREF Investment Management LLC now owns 74,926 shares of the company’s stock worth $438,000 after buying an additional 11,746 shares during the last quarter. Finally, Schwab Charles Investment Management Inc. increased its holdings in shares of Vivint Solar by 28.7% in the 4th quarter. Schwab Charles Investment Management Inc. now owns 97,268 shares of the company’s stock worth $394,000 after buying an additional 21,712 shares during the last quarter. Hedge funds and other institutional investors own 92.75% of the company’s stock.
In other Vivint Solar news, CFO Dana C. Russell sold 71,645 shares of the business’s stock in a transaction on Thursday, February 22nd. The shares were sold at an average price of $3.25, for a total value of $232,846.25. Following the sale, the chief financial officer now owns 400,277 shares in the company, valued at approximately $1,300,900.25. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CEO David Bywater sold 19,880 shares of the business’s stock in a transaction on Monday, March 12th. The stock was sold at an average price of $3.25, for a total transaction of $64,610.00. Following the completion of the sale, the chief executive officer now owns 520,926 shares in the company, valued at approximately $1,693,009.50. The disclosure for this sale can be found here. In the last quarter, insiders sold 187,714 shares of company stock worth $608,277. Corporate insiders own 4.50% of the company’s stock.
WARNING: “Vivint Solar Inc Forecasted to Earn FY2019 Earnings of ($1.07) Per Share (VSLR)” was originally reported by Ticker Report and is the property of of Ticker Report. If you are reading this news story on another domain, it was illegally stolen and republished in violation of United States & international copyright and trademark legislation. The original version of this news story can be viewed at https://www.tickerreport.com/banking-finance/3261956/vivint-solar-inc-forecasted-to-earn-fy2019-earnings-of-1-07-per-share-vslr.html.
About Vivint Solar
Vivint Solar, Inc offers distributed solar energy, electricity generated by a solar energy system installed at or near customers’ locations, to residential customers. Through investment funds, the Company owns solar energy systems it installs and provides solar electricity pursuant to long-term contracts with its customers.
Receive News & Ratings for Vivint Solar Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Vivint Solar and related companies with MarketBeat.com's FREE daily email newsletter.