$0.18 EPS Expected for SunPower Co. (SPWR) This Quarter

Analysts forecast that SunPower Co. (NASDAQ:SPWR) will post earnings of $0.18 per share for the current quarter, Zacks reports. Three analysts have made estimates for SunPower’s earnings. The highest EPS estimate is $0.33 and the lowest is $0.01. SunPower reported earnings per share of ($0.64) during the same quarter last year, which suggests a positive year over year growth rate of 128.1%. The business is scheduled to report its next earnings report on Wednesday, February 21st.

On average, analysts expect that SunPower will report full year earnings of ($0.36) per share for the current year, with EPS estimates ranging from ($0.58) to ($0.18). For the next fiscal year, analysts anticipate that the business will report earnings of $0.05 per share, with EPS estimates ranging from ($0.48) to $0.83. Zacks Investment Research’s EPS calculations are a mean average based on a survey of sell-side research firms that cover SunPower.

SunPower (NASDAQ:SPWR) last posted its earnings results on Thursday, November 2nd. The semiconductor company reported $0.21 earnings per share for the quarter, beating analysts’ consensus estimates of ($0.39) by $0.60. The firm had revenue of $477.20 million during the quarter, compared to analyst estimates of $383.76 million. SunPower had a negative net margin of 24.91% and a negative return on equity of 20.81%. SunPower’s revenue for the quarter was down 34.6% compared to the same quarter last year. During the same period last year, the firm posted $0.68 earnings per share.

Several research analysts have commented on SPWR shares. BidaskClub raised shares of SunPower from a “hold” rating to a “buy” rating in a research note on Tuesday, December 19th. ValuEngine raised shares of SunPower from a “sell” rating to a “hold” rating in a research note on Saturday, November 4th. Zacks Investment Research lowered shares of SunPower from a “buy” rating to a “hold” rating in a research note on Tuesday, October 3rd. Bank of America set a $10.00 price objective on shares of SunPower and gave the stock a “hold” rating in a research note on Thursday, December 28th. Finally, Guggenheim reaffirmed a “hold” rating on shares of SunPower in a research note on Thursday, January 18th. Three analysts have rated the stock with a sell rating, eight have given a hold rating and five have issued a buy rating to the stock. The company currently has an average rating of “Hold” and an average target price of $9.85.

SunPower (NASDAQ:SPWR) opened at $8.72 on Tuesday. The company has a debt-to-equity ratio of 1.71, a quick ratio of 1.02 and a current ratio of 1.41. The company has a market cap of $1,220.00, a price-to-earnings ratio of -2.17 and a beta of 3.16. SunPower has a one year low of $5.84 and a one year high of $11.70.

In other news, Director Catherine A. Lesjak sold 23,632 shares of SunPower stock in a transaction on Wednesday, December 6th. The stock was sold at an average price of $7.50, for a total transaction of $177,240.00. Following the completion of the sale, the director now directly owns 55,924 shares in the company, valued at $419,430. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. 0.92% of the stock is currently owned by company insiders.

Several large investors have recently added to or reduced their stakes in the company. Quentec Asset Management LLC bought a new stake in shares of SunPower in the third quarter valued at about $3,208,000. Northern Trust Corp raised its holdings in shares of SunPower by 141.3% in the second quarter. Northern Trust Corp now owns 845,237 shares of the semiconductor company’s stock valued at $7,894,000 after acquiring an additional 494,979 shares in the last quarter. Vanguard Group Inc. raised its holdings in shares of SunPower by 13.8% in the second quarter. Vanguard Group Inc. now owns 4,922,577 shares of the semiconductor company’s stock valued at $45,977,000 after acquiring an additional 598,221 shares in the last quarter. Nationwide Fund Advisors bought a new stake in shares of SunPower in the second quarter valued at about $317,000. Finally, The Manufacturers Life Insurance Company raised its holdings in shares of SunPower by 1,204.1% in the second quarter. The Manufacturers Life Insurance Company now owns 49,609 shares of the semiconductor company’s stock valued at $463,000 after acquiring an additional 45,805 shares in the last quarter. Institutional investors and hedge funds own 26.12% of the company’s stock.

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About SunPower

SunPower Corporation is a global energy company. The Company delivers complete solar solutions to residential, commercial, and power plant customers. The Company’s segments include Residential Segment, Commercial Segment and Power Plant Segment. The Residential and Commercial Segments combined are referred to as Distributed Generation.

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