Analysts Expect Sunrun (RUN) Will Post Earnings of $0.29 Per Share

Wall Street brokerages predict that Sunrun (NASDAQ:RUN) will report $0.29 earnings per share (EPS) for the current fiscal quarter, Zacks reports. Two analysts have provided estimates for Sunrun’s earnings, with the lowest EPS estimate coming in at $0.08 and the highest estimate coming in at $0.48. Sunrun reported earnings per share of $0.23 in the same quarter last year, which would suggest a positive year over year growth rate of 26.1%. The business is scheduled to report its next quarterly earnings results on Monday, August 6th.

On average, analysts expect that Sunrun will report full year earnings of $1.21 per share for the current year, with EPS estimates ranging from $0.53 to $1.69. For the next year, analysts forecast that the firm will post earnings of $1.10 per share, with EPS estimates ranging from $0.34 to $1.57. Zacks’ earnings per share calculations are an average based on a survey of research analysts that that provide coverage for Sunrun.

Sunrun (NASDAQ:RUN) last posted its quarterly earnings results on Tuesday, March 6th. The energy company reported $0.25 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.37 by ($0.12). The company had revenue of $146.44 million for the quarter, compared to the consensus estimate of $133.62 million. Sunrun had a net margin of 24.53% and a return on equity of 9.34%.

RUN has been the topic of a number of recent research reports. Zacks Investment Research raised Sunrun from a “hold” rating to a “strong-buy” rating and set a $6.75 price objective on the stock in a research note on Saturday, January 20th. Deutsche Bank set a $10.00 target price on Sunrun and gave the company a “buy” rating in a report on Monday, January 22nd. ValuEngine cut Sunrun from a “strong-buy” rating to a “buy” rating in a report on Friday, February 2nd. BidaskClub cut Sunrun from a “hold” rating to a “sell” rating in a report on Wednesday, February 7th. Finally, Credit Suisse Group started coverage on Sunrun in a report on Monday, February 12th. They set an “outperform” rating and a $15.00 price objective on the stock. One research analyst has rated the stock with a sell rating, one has issued a hold rating, eight have given a buy rating and two have assigned a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $9.98.

In other news, CEO Lynn Michelle Jurich sold 36,522 shares of the firm’s stock in a transaction on Monday, April 16th. The stock was sold at an average price of $8.50, for a total transaction of $310,437.00. Following the sale, the chief executive officer now owns 2,912,115 shares in the company, valued at $24,752,977.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 19.45% of the stock is owned by company insiders.

Institutional investors have recently modified their holdings of the stock. Standard Life Aberdeen plc acquired a new position in Sunrun in the fourth quarter valued at $121,000. Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in Sunrun by 36.1% in the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 23,366 shares of the energy company’s stock valued at $209,000 after acquiring an additional 6,200 shares during the last quarter. Teacher Retirement System of Texas acquired a new position in Sunrun in the fourth quarter valued at $140,000. Victory Capital Management Inc. boosted its holdings in Sunrun by 47.6% in the first quarter. Victory Capital Management Inc. now owns 25,648 shares of the energy company’s stock valued at $229,000 after acquiring an additional 8,266 shares during the last quarter. Finally, Aperio Group LLC acquired a new position in Sunrun in the fourth quarter valued at $153,000. Hedge funds and other institutional investors own 75.05% of the company’s stock.

Sunrun traded up $0.12, hitting $10.98, during trading on Monday, according to MarketBeat.com. 2,039,114 shares of the company traded hands, compared to its average volume of 2,738,746. The firm has a market cap of $1.18 billion, a P/E ratio of 12.77, a PEG ratio of 0.66 and a beta of -1.02. The company has a debt-to-equity ratio of 1.16, a quick ratio of 1.24 and a current ratio of 1.53. Sunrun has a one year low of $4.21 and a one year high of $11.77.

Sunrun Company Profile

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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