Nextracker Inc. Expected to Post FY2027 Earnings of $3.42 Per Share (NASDAQ:NXT)

Nextracker Inc. (NASDAQ:NXT) – Equities research analysts at Roth Capital issued their FY2027 EPS estimates for shares of Nextracker in a report released on Tuesday, July 23rd. Roth Capital analyst P. Shen forecasts that the company will post earnings of $3.42 per share for the year. The consensus estimate for Nextracker’s current full-year earnings is $2.62 per share.

Nextracker (NASDAQ:NXT) last announced its earnings results on Tuesday, May 14th. The company reported $0.85 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.47 by $0.38. The company had revenue of $736.52 million for the quarter, compared to analyst estimates of $681.03 million. Nextracker had a negative return on equity of 13.70% and a net margin of 12.25%.

A number of other brokerages also recently commented on NXT. Daiwa Capital Markets assumed coverage on shares of Nextracker in a research note on Monday, April 1st. They set an “outperform” rating and a $63.00 target price for the company. JPMorgan Chase & Co. upped their target price on shares of Nextracker from $63.00 to $65.00 and gave the company an “overweight” rating in a report on Tuesday, July 16th. Fox Advisors raised shares of Nextracker from an “equal weight” rating to an “overweight” rating and set a $60.00 target price for the company in a report on Wednesday, May 15th. Barclays reduced their target price on shares of Nextracker from $63.00 to $61.00 and set an “equal weight” rating for the company in a report on Tuesday, July 16th. Finally, Scotiabank reduced their target price on shares of Nextracker from $55.00 to $50.00 and set a “sector outperform” rating for the company in a report on Monday, April 29th. Four research analysts have rated the stock with a hold rating and nineteen have given a buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $59.17.

Nextracker Stock Up 0.1 %

Nextracker stock opened at $46.88 on Thursday. Nextracker has a twelve month low of $32.14 and a twelve month high of $62.31. The stock’s fifty day simple moving average is $51.67 and its 200-day simple moving average is $51.29. The company has a current ratio of 1.98, a quick ratio of 1.76 and a debt-to-equity ratio of 0.15. The firm has a market capitalization of $6.80 billion, a P/E ratio of 13.93 and a beta of 2.51.

Insider Activity at Nextracker

In other Nextracker news, insider Bruce Ledesma sold 12,135 shares of the business’s stock in a transaction on Monday, May 20th. The shares were sold at an average price of $43.91, for a total value of $532,847.85. Following the transaction, the insider now owns 17,387 shares in the company, valued at approximately $763,463.17. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 0.27% of the company’s stock.

Institutional Investors Weigh In On Nextracker

Institutional investors have recently modified their holdings of the business. Vanguard Group Inc. grew its position in Nextracker by 166.1% in the 1st quarter. Vanguard Group Inc. now owns 12,531,526 shares of the company’s stock worth $705,149,000 after purchasing an additional 7,821,368 shares during the last quarter. Norges Bank acquired a new stake in shares of Nextracker in the 4th quarter worth approximately $120,861,000. Assenagon Asset Management S.A. lifted its stake in Nextracker by 21,759.3% during the first quarter. Assenagon Asset Management S.A. now owns 1,586,766 shares of the company’s stock valued at $89,287,000 after purchasing an additional 1,579,507 shares during the last quarter. Earnest Partners LLC acquired a new stake in Nextracker during the first quarter valued at approximately $46,593,000. Finally, Westfield Capital Management Co. LP acquired a new stake in Nextracker during the fourth quarter valued at approximately $21,695,000. Institutional investors own 67.41% of the company’s stock.

Nextracker Company Profile

Nextracker Inc, an energy solutions company, provides solar tracker and software solutions for utility-scale and ground-mounted distributed generation solar projects worldwide. The company offers tracking solutions, which includes NX Horizon, a solar tracking solution; NX Gemini, a two-in-portrait format tracker, which holds two rows of solar panels along the central support beam; and NX Horizon-XTR, a terrain-following tracker designed to expand the addressable market for trackers on sites with sloped, uneven, and challenging terrain.