Zacks: Analysts Expect Sunrun Inc (RUN) to Post $0.46 Earnings Per Share

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Brokerages expect Sunrun Inc (NASDAQ:RUN) to announce earnings per share (EPS) of $0.46 for the current fiscal quarter, according to Zacks. Two analysts have provided estimates for Sunrun’s earnings, with the lowest EPS estimate coming in at $0.07 and the highest estimate coming in at $1.11. Sunrun reported earnings per share of $0.25 in the same quarter last year, which suggests a positive year over year growth rate of 84%. The business is expected to announce its next earnings report after the market closes on Thursday, February 28th.

On average, analysts expect that Sunrun will report full-year earnings of $0.76 per share for the current fiscal year, with EPS estimates ranging from $0.38 to $1.42. For the next fiscal year, analysts expect that the firm will post earnings of $1.00 per share, with EPS estimates ranging from $0.33 to $1.84. Zacks’ EPS calculations are an average based on a survey of sell-side research firms that cover Sunrun.

A number of equities analysts recently issued reports on the company. BidaskClub upgraded Sunrun from a “buy” rating to a “strong-buy” rating in a report on Tuesday, January 29th. ValuEngine cut Sunrun from a “strong-buy” rating to a “buy” rating in a report on Thursday, December 20th. Finally, Zacks Investment Research upgraded Sunrun from a “strong sell” rating to a “hold” rating in a report on Thursday, November 15th. Three research analysts have rated the stock with a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the company. The stock presently has a consensus rating of “Buy” and an average price target of $15.83.

RUN traded up $0.16 during trading hours on Friday, reaching $15.26. 777,223 shares of the company’s stock traded hands, compared to its average volume of 1,115,637. Sunrun has a 52-week low of $6.35 and a 52-week high of $16.44. The company has a quick ratio of 0.91, a current ratio of 1.16 and a debt-to-equity ratio of 1.44. The stock has a market cap of $1.71 billion, a P/E ratio of 17.74, a PEG ratio of 0.87 and a beta of 0.51.

In related news, General Counsel Jeanna Steele sold 7,044 shares of the company’s stock in a transaction on Monday, November 19th. The stock was sold at an average price of $12.77, for a total transaction of $89,951.88. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Chairman Edward Harris Fenster sold 7,819 shares of the company’s stock in a transaction on Monday, February 11th. The stock was sold at an average price of $15.04, for a total value of $117,597.76. Following the sale, the chairman now owns 2,351,657 shares of the company’s stock, valued at $35,368,921.28. The disclosure for this sale can be found here. Over the last quarter, insiders acquired 3,259,424 shares of company stock valued at $45,864,201 and sold 881,931 shares valued at $12,854,981. 19.45% of the stock is currently owned by corporate insiders.

Hedge funds and other institutional investors have recently modified their holdings of the stock. Benjamin F. Edwards & Company Inc. purchased a new stake in shares of Sunrun during the 4th quarter worth $27,000. Trust Co. of Vermont lifted its stake in shares of Sunrun by 500.6% during the 4th quarter. Trust Co. of Vermont now owns 3,111 shares of the energy company’s stock worth $34,000 after purchasing an additional 2,593 shares during the last quarter. Rehmann Capital Advisory Group lifted its stake in shares of Sunrun by 363.8% during the 4th quarter. Rehmann Capital Advisory Group now owns 3,789 shares of the energy company’s stock worth $41,000 after purchasing an additional 2,972 shares during the last quarter. Bank of Montreal Can lifted its stake in shares of Sunrun by 1,008.2% during the 4th quarter. Bank of Montreal Can now owns 7,403 shares of the energy company’s stock worth $81,000 after purchasing an additional 6,735 shares during the last quarter. Finally, NumerixS Investment Technologies Inc lifted its stake in shares of Sunrun by 54.7% during the 4th quarter. NumerixS Investment Technologies Inc now owns 9,900 shares of the energy company’s stock worth $105,000 after purchasing an additional 3,500 shares during the last quarter. Hedge funds and other institutional investors own 77.79% of the company’s stock.

About Sunrun

Sunrun Inc engages in the design, development, installation, sale, ownership, and maintenance of residential solar energy systems in the United States. It also sells solar leads. The company markets and sells its products through direct channels, partner channels, mass media, digital media, canvassing, referral, retail, and field marketing.

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