Equities analysts expect that Vivint Solar Inc (NYSE:VSLR) will report sales of $91.90 million for the current fiscal quarter, Zacks Investment Research reports. Two analysts have provided estimates for Vivint Solar’s earnings, with the lowest sales estimate coming in at $83.00 million and the highest estimate coming in at $100.80 million. Vivint Solar reported sales of $80.80 million during the same quarter last year, which would suggest a positive year over year growth rate of 13.7%. The firm is scheduled to announce its next earnings results on Tuesday, August 6th.

On average, analysts expect that Vivint Solar will report full-year sales of $341.25 million for the current fiscal year, with estimates ranging from $327.10 million to $355.40 million. For the next fiscal year, analysts anticipate that the business will post sales of $395.15 million, with estimates ranging from $365.80 million to $424.50 million. Zacks Investment Research’s sales averages are a mean average based on a survey of sell-side research analysts that that provide coverage for Vivint Solar.

Vivint Solar (NYSE:VSLR) last released its earnings results on Tuesday, March 5th. The company reported ($0.73) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.43) by ($0.30). Vivint Solar had a negative net margin of 9.90% and a negative return on equity of 87.03%. The firm had revenue of $63.46 million during the quarter, compared to analyst estimates of $69.70 million.

Several research firms have commented on VSLR. Zacks Investment Research raised shares of Vivint Solar from a “sell” rating to a “hold” rating in a report on Saturday, May 11th. Citigroup raised shares of Vivint Solar from a “neutral” rating to a “buy” rating and upped their price target for the company from $4.25 to $8.50 in a report on Tuesday, May 7th. Roth Capital began coverage on shares of Vivint Solar in a report on Monday, May 6th. They issued a “buy” rating and a $10.00 price target on the stock. ValuEngine raised shares of Vivint Solar from a “buy” rating to a “strong-buy” rating in a report on Monday, April 1st. Finally, JMP Securities reaffirmed a “buy” rating and issued a $12.00 price target on shares of Vivint Solar in a report on Wednesday, March 6th. One analyst has rated the stock with a hold rating, five have assigned a buy rating and one has given a strong buy rating to the company. Vivint Solar presently has an average rating of “Buy” and an average target price of $10.13.

In other news, CFO Dana C. Russell sold 36,275 shares of the stock in a transaction dated Wednesday, March 6th. The shares were sold at an average price of $4.66, for a total transaction of $169,041.50. Following the sale, the chief financial officer now directly owns 470,549 shares of the company’s stock, valued at approximately $2,192,758.34. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CEO David Bywater sold 21,700 shares of the stock in a transaction dated Wednesday, March 6th. The stock was sold at an average price of $4.62, for a total transaction of $100,254.00. Following the sale, the chief executive officer now directly owns 1,304,697 shares in the company, valued at $6,027,700.14. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 403,412 shares of company stock worth $2,460,854. 4.20% of the stock is owned by corporate insiders.

Hedge funds have recently bought and sold shares of the company. BNP Paribas Arbitrage SA boosted its stake in shares of Vivint Solar by 742.3% during the 1st quarter. BNP Paribas Arbitrage SA now owns 8,768 shares of the company’s stock worth $44,000 after acquiring an additional 7,727 shares in the last quarter. Citigroup Inc. boosted its stake in shares of Vivint Solar by 29.7% during the 1st quarter. Citigroup Inc. now owns 11,043 shares of the company’s stock worth $55,000 after acquiring an additional 2,532 shares in the last quarter. Paloma Partners Management Co purchased a new stake in shares of Vivint Solar during the 4th quarter worth about $57,000. Mitchell Capital Management Co. boosted its stake in shares of Vivint Solar by 68.0% during the 4th quarter. Mitchell Capital Management Co. now owns 16,800 shares of the company’s stock worth $64,000 after acquiring an additional 6,800 shares in the last quarter. Finally, Two Sigma Advisers LP acquired a new position in shares of Vivint Solar during the 4th quarter worth about $67,000. 91.47% of the stock is currently owned by institutional investors and hedge funds.

NYSE:VSLR opened at $6.32 on Thursday. Vivint Solar has a one year low of $3.55 and a one year high of $7.44. The company has a debt-to-equity ratio of 3.22, a quick ratio of 0.90 and a current ratio of 0.94. The firm has a market capitalization of $729.70 million, a price-to-earnings ratio of -2.66 and a beta of 0.53.

About Vivint Solar

Vivint Solar, Inc provides distributed solar energy primarily to residential customers in the United States. It owns and installs solar energy systems through long-term customer contracts. The company also sells photovoltaic installation products, as well as solar renewable energy certificates. As of December 31, 2018, it had an aggregate capacity of 1,060.9 megawatts covering approximately 154,600 homes.

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