Brokerages Anticipate Sunrun Inc (RUN) Will Post Earnings of $0.31 Per Share

Wall Street analysts predict that Sunrun Inc (NASDAQ:RUN) will post earnings per share of $0.31 for the current fiscal quarter, according to Zacks Investment Research. Two analysts have provided estimates for Sunrun’s earnings, with estimates ranging from $0.09 to $0.51. Sunrun reported earnings of $0.06 per share in the same quarter last year, which would suggest a positive year over year growth rate of 416.7%. The company is expected to report its next quarterly earnings report on Thursday, August 8th.

According to Zacks, analysts expect that Sunrun will report full-year earnings of $1.18 per share for the current year, with EPS estimates ranging from $0.34 to $2.58. For the next fiscal year, analysts expect that the firm will post earnings of $1.28 per share, with EPS estimates ranging from $0.45 to $2.23. Zacks’ EPS averages are a mean average based on a survey of sell-side research firms that that provide coverage for Sunrun.

Sunrun (NASDAQ:RUN) last released its quarterly earnings results on Wednesday, May 8th. The energy company reported ($0.12) EPS for the quarter, missing the consensus estimate of $0.31 by ($0.43). The firm had revenue of $194.50 million for the quarter, compared to the consensus estimate of $152.90 million. Sunrun had a negative return on equity of 1.19% and a negative net margin of 1.88%.

Several research firms have recently commented on RUN. Bank of America restated a “buy” rating and set a $23.50 price target (up previously from $17.50) on shares of Sunrun in a research report on Thursday, April 25th. BidaskClub upgraded shares of Sunrun from a “buy” rating to a “strong-buy” rating in a research report on Wednesday, May 8th. ValuEngine upgraded shares of Sunrun from a “buy” rating to a “strong-buy” rating in a research report on Friday, March 1st. Credit Suisse Group set a $24.00 price target on shares of Sunrun and gave the stock a “buy” rating in a research report on Friday, March 1st. Finally, Zacks Investment Research upgraded shares of Sunrun from a “hold” rating to a “buy” rating and set a $18.00 price target for the company in a research report on Wednesday, March 6th. Three investment analysts have rated the stock with a hold rating, five have issued a buy rating and one has given a strong buy rating to the company. The company presently has an average rating of “Buy” and a consensus target price of $18.64.

In related news, Director Steven Vassallo sold 7,726 shares of the stock in a transaction dated Monday, February 25th. The shares were sold at an average price of $16.00, for a total value of $123,616.00. Following the completion of the transaction, the director now owns 39,810 shares in the company, valued at approximately $636,960. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, Chairman Edward Harris Fenster sold 49,478 shares of the stock in a transaction dated Friday, April 26th. The shares were sold at an average price of $17.04, for a total transaction of $843,105.12. Following the completion of the transaction, the chairman now owns 2,460,681 shares of the company’s stock, valued at approximately $41,930,004.24. The disclosure for this sale can be found here. Insiders have sold 490,540 shares of company stock valued at $7,916,585 in the last 90 days. Insiders own 9.34% of the company’s stock.

A number of institutional investors and hedge funds have recently made changes to their positions in RUN. FMR LLC lifted its stake in Sunrun by 0.9% during the fourth quarter. FMR LLC now owns 16,777,863 shares of the energy company’s stock valued at $182,711,000 after buying an additional 141,866 shares in the last quarter. Vanguard Group Inc. lifted its stake in Sunrun by 8.8% during the third quarter. Vanguard Group Inc. now owns 7,664,932 shares of the energy company’s stock valued at $95,351,000 after buying an additional 618,002 shares in the last quarter. Vanguard Group Inc lifted its stake in Sunrun by 8.8% during the third quarter. Vanguard Group Inc now owns 7,664,932 shares of the energy company’s stock valued at $95,351,000 after buying an additional 618,002 shares in the last quarter. BlackRock Inc. lifted its stake in Sunrun by 0.3% during the first quarter. BlackRock Inc. now owns 6,748,435 shares of the energy company’s stock valued at $94,885,000 after buying an additional 22,508 shares in the last quarter. Finally, Neuberger Berman Group LLC lifted its stake in Sunrun by 5.4% during the first quarter. Neuberger Berman Group LLC now owns 3,912,073 shares of the energy company’s stock valued at $55,003,000 after buying an additional 200,636 shares in the last quarter. Hedge funds and other institutional investors own 84.78% of the company’s stock.

Sunrun stock opened at $14.77 on Friday. The stock has a market cap of $1.74 billion, a PE ratio of 64.22, a PEG ratio of 0.95 and a beta of 0.58. The company has a debt-to-equity ratio of 1.64, a current ratio of 1.37 and a quick ratio of 1.03. Sunrun has a one year low of $8.81 and a one year high of $17.44.

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 energy systems and products, such as panels and racking, as well as solar leads generated to customers. The company markets and sells its products through direct-to-consumer approach across online, retail, mass media, digital media, canvassing, field marketing, and referral channels, as well as its partner network.

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