Brokerages Expect Sunrun Inc (RUN) Will Post Quarterly Sales of $175.90 Million

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Equities research analysts expect that Sunrun Inc (NASDAQ:RUN) will post sales of $175.90 million for the current quarter, according to Zacks Investment Research. Two analysts have issued estimates for Sunrun’s earnings, with the highest sales estimate coming in at $184.80 million and the lowest estimate coming in at $167.00 million. Sunrun posted sales of $141.29 million during the same quarter last year, which would indicate a positive year over year growth rate of 24.5%. The firm is scheduled to issue its next quarterly earnings report on Wednesday, November 14th.

On average, analysts expect that Sunrun will report full-year sales of $645.02 million for the current financial year, with estimates ranging from $599.56 million to $688.90 million. For the next financial year, analysts forecast that the business will post sales of $719.63 million, with estimates ranging from $683.28 million to $757.20 million. Zacks Investment Research’s sales calculations are a mean average based on a survey of sell-side research analysts that follow Sunrun.

Sunrun (NASDAQ:RUN) last announced its quarterly earnings results on Thursday, August 9th. The energy company reported $0.06 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.37 by ($0.31). Sunrun had a net margin of 20.26% and a return on equity of 7.49%. The firm had revenue of $170.50 million during the quarter, compared to the consensus estimate of $167.64 million. During the same period in the previous year, the business earned $0.23 earnings per share. The firm’s revenue for the quarter was up 30.6% on a year-over-year basis.

Several research analysts have commented on RUN shares. ValuEngine downgraded shares of Sunrun from a “strong-buy” rating to a “buy” rating in a report on Thursday, August 2nd. Bank of America raised shares of Sunrun from a “neutral” rating to a “buy” rating and raised their price target for the company from $16.00 to $17.00 in a report on Tuesday, September 11th. They noted that the move was a valuation call. JMP Securities reissued a “buy” rating and issued a $21.00 price target on shares of Sunrun in a report on Monday, July 16th. Zacks Investment Research downgraded shares of Sunrun from a “hold” rating to a “strong sell” rating in a report on Friday, September 14th. Finally, Roth Capital set a $18.00 price target on shares of Sunrun and gave the company a “buy” rating in a report on Thursday, August 9th. One research analyst has rated the stock with a sell rating, two have given a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average price target of $14.82.

NASDAQ:RUN traded down $0.11 during trading hours on Monday, hitting $12.48. The stock had a trading volume of 1,495,918 shares, compared to its average volume of 2,156,179. The company has a debt-to-equity ratio of 1.37, a current ratio of 1.50 and a quick ratio of 1.25. Sunrun has a one year low of $5.08 and a one year high of $16.44. The company has a market cap of $1.38 billion, a price-to-earnings ratio of 14.51, a PEG ratio of 0.66 and a beta of -0.84.

In other news, General Counsel Jeanna Steele sold 8,312 shares of the firm’s stock in a transaction on Wednesday, August 15th. The shares were sold at an average price of $12.98, for a total transaction of $107,889.76. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, major shareholder Tiger Global Management Llc acquired 500,000 shares of the stock in a transaction dated Friday, August 3rd. The shares were bought at an average price of $13.83 per share, for a total transaction of $6,915,000.00. The disclosure for this purchase can be found here. In the last 90 days, insiders have bought 1,000,000 shares of company stock worth $13,138,799 and have sold 229,540 shares worth $3,332,186. Company insiders own 19.45% of the company’s stock.

Institutional investors have recently bought and sold shares of the company. Levin Capital Strategies L.P. purchased a new stake in shares of Sunrun during the 2nd quarter valued at $131,000. Mount Yale Investment Advisors LLC purchased a new position in Sunrun in the 1st quarter worth $139,000. Xact Kapitalforvaltning AB purchased a new position in Sunrun in the 2nd quarter worth $204,000. Victory Capital Management Inc. raised its position in Sunrun by 47.6% in the 1st quarter. Victory Capital Management Inc. now owns 25,648 shares of the energy company’s stock worth $229,000 after purchasing an additional 8,266 shares during the period. Finally, Aperio Group LLC raised its position in Sunrun by 20.8% in the 1st quarter. Aperio Group LLC now owns 31,228 shares of the energy company’s stock worth $279,000 after purchasing an additional 5,378 shares during the period. Hedge funds and other institutional investors own 79.01% of the company’s stock.

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 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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