Equities research analysts expect Sunrun Inc (NASDAQ:RUN) to report earnings per share (EPS) of $0.30 for the current fiscal quarter, Zacks Investment Research reports. Two analysts have made estimates for Sunrun’s earnings. The highest EPS estimate is $0.49 and the lowest is $0.07. Sunrun reported earnings of $0.12 per share during the same quarter last year, which would indicate a positive year over year growth rate of 150%. The company is scheduled to report its next earnings results on Wednesday, May 9th.
According to Zacks, analysts expect that Sunrun will report full-year earnings of $1.56 per share for the current fiscal year, with EPS estimates ranging from $0.29 to $2.37. For the next year, analysts anticipate that the firm will post earnings of $1.70 per share, with EPS estimates ranging from $0.34 to $2.92. Zacks’ earnings per share averages are a mean average based on a survey of sell-side research analysts that that provide coverage for Sunrun.
Sunrun (NASDAQ:RUN) last released its quarterly earnings results on Tuesday, March 6th. The energy company reported $0.25 EPS for the quarter, missing analysts’ consensus estimates of $0.37 by ($0.12). The firm had revenue of $146.44 million for the quarter, compared to analysts’ expectations of $133.62 million. Sunrun had a net margin of 23.51% and a return on equity of 8.54%.
A number of research analysts have recently commented on the stock. Goldman Sachs boosted their price target on shares of Sunrun from $10.00 to $12.00 and gave the company a “buy” rating in a research report on Friday. Zacks Investment Research lowered shares of Sunrun from a “buy” rating to a “hold” rating in a research report on Wednesday, January 10th. BidaskClub upgraded shares of Sunrun from a “hold” rating to a “buy” rating in a research report on Tuesday, March 6th. UBS assumed coverage on shares of Sunrun in a research report on Thursday, March 15th. They issued a “buy” rating and a $8.00 target price for the company. Finally, Roth Capital assumed coverage on shares of Sunrun in a research report on Thursday, March 1st. They issued a “buy” rating and a $10.00 target price for the company. Two investment analysts have rated the stock with a sell rating, eight have given a buy rating and one has issued a strong buy rating to the stock. Sunrun has a consensus rating of “Buy” and a consensus price target of $9.75.
Shares of RUN traded down $0.33 during mid-day trading on Monday, reaching $8.19. 2,919,480 shares of the stock traded hands, compared to its average volume of 2,153,156. The firm has a market capitalization of $914.16, a P/E ratio of 9.52, a price-to-earnings-growth ratio of 0.46 and a beta of -1.03. The company has a debt-to-equity ratio of 1.22, a current ratio of 1.29 and a quick ratio of 1.01. Sunrun has a 1 year low of $4.21 and a 1 year high of $10.16.
In related news, CEO Lynn Michelle Jurich sold 36,522 shares of the company’s stock in a transaction on Monday, April 2nd. The shares were sold at an average price of $8.92, for a total value of $325,776.24. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 24.13% of the stock is currently owned by insiders.
A number of institutional investors have recently bought and sold shares of RUN. New York State Common Retirement Fund lifted its stake in Sunrun by 16.9% in the third quarter. New York State Common Retirement Fund now owns 89,200 shares of the energy company’s stock worth $495,000 after purchasing an additional 12,900 shares during the last quarter. Russell Investments Group Ltd. bought a new stake in Sunrun in the third quarter worth $123,000. Wells Fargo & Company MN lifted its stake in Sunrun by 24.0% in the third quarter. Wells Fargo & Company MN now owns 180,982 shares of the energy company’s stock worth $1,005,000 after purchasing an additional 35,006 shares during the last quarter. Schwab Charles Investment Management Inc. lifted its stake in Sunrun by 5.0% in the third quarter. Schwab Charles Investment Management Inc. now owns 289,287 shares of the energy company’s stock worth $1,606,000 after purchasing an additional 13,667 shares during the last quarter. Finally, Dimensional Fund Advisors LP bought a new stake in Sunrun in the third quarter worth $869,000. 80.90% of the stock is owned by institutional investors and hedge funds.
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Sunrun Company Profile
Sunrun Inc is engaged in the design, development, installation, sale, ownership and maintenance of residential solar energy systems (Projects) in the United States. The Company is engaged in providing solar energy services and products to its customers. As of December 31, 2016, it operated a fleet of residential solar energy systems in the United States, with approximately 134,000 customers across 16 states, as well as the District of Columbia.
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