Vivint Solar Inc (VSLR) Announces Quarterly Earnings Results, Misses Estimates By $0.02 EPS

Vivint Solar Inc (NYSE:VSLR) released its quarterly earnings results on Tuesday. The semiconductor company reported ($0.50) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of ($0.48) by $0.02. Vivint Solar had a negative return on equity of 33.88% and a negative net margin of 14.02%. The company had revenue of $53.11 million for the quarter, compared to analysts’ expectations of $47.09 million. During the same period in the prior year, the business earned ($0.65) EPS. The business’s quarterly revenue was up 208.2% compared to the same quarter last year.

Shares of Vivint Solar (NYSE:VSLR) traded up 3.45% on Friday, hitting $3.00. The company had a trading volume of 578,483 shares. Vivint Solar has a 12 month low of $2.31 and a 12 month high of $4.06. The company has a 50-day moving average of $2.89 and a 200 day moving average of $2.94. The stock has a market cap of $331.73 million, a PE ratio of 5.59 and a beta of -0.40.

Earnings History for Vivint Solar (NYSE:VSLR)

A number of brokerages recently commented on VSLR. JMP Securities restated a “hold” rating on shares of Vivint Solar in a research report on Saturday, March 18th. Zacks Investment Research upgraded shares of Vivint Solar from a “hold” rating to a “buy” rating and set a $3.25 price objective for the company in a research report on Thursday, May 11th. Credit Suisse Group AG set a $4.00 price objective on shares of Vivint Solar and gave the company a “hold” rating in a research report on Monday, May 8th. Finally, Goldman Sachs Group Inc reiterated a “neutral” rating on shares of Vivint Solar in a research report on Friday, February 10th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and three have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus price target of $4.96.

In other news, CFO Dana C. Russell sold 149,500 shares of Vivint Solar stock in a transaction that occurred on Friday, May 12th. The shares were sold at an average price of $2.76, for a total transaction of $412,620.00. Following the completion of the sale, the chief financial officer now owns 250,500 shares in the company, valued at approximately $691,380. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, CEO David Bywater sold 201,200 shares of Vivint Solar stock in a transaction that occurred on Friday, May 12th. The stock was sold at an average price of $2.84, for a total transaction of $571,408.00. The disclosure for this sale can be found here. Company insiders own 5.20% of the company’s stock.

Several large investors have recently modified their holdings of VSLR. Bank of New York Mellon Corp boosted its stake in shares of Vivint Solar by 0.6% in the first quarter. Bank of New York Mellon Corp now owns 152,176 shares of the semiconductor company’s stock valued at $426,000 after buying an additional 914 shares in the last quarter. Raymond James Financial Services Advisors Inc. boosted its stake in shares of Vivint Solar by 1.4% in the first quarter. Raymond James Financial Services Advisors Inc. now owns 73,259 shares of the semiconductor company’s stock valued at $205,000 after buying an additional 1,000 shares in the last quarter. Teachers Advisors LLC boosted its stake in shares of Vivint Solar by 22.4% in the first quarter. Teachers Advisors LLC now owns 44,729 shares of the semiconductor company’s stock valued at $125,000 after buying an additional 8,197 shares in the last quarter. Geode Capital Management LLC boosted its stake in shares of Vivint Solar by 6.2% in the first quarter. Geode Capital Management LLC now owns 159,255 shares of the semiconductor company’s stock valued at $445,000 after buying an additional 9,331 shares in the last quarter. Finally, State Street Corp boosted its stake in shares of Vivint Solar by 4.5% in the fourth quarter. State Street Corp now owns 324,893 shares of the semiconductor company’s stock valued at $831,000 after buying an additional 14,058 shares in the last quarter. Institutional investors own 93.68% of the company’s stock.

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Vivint Solar Company Profile

Vivint Solar, Inc offers distributed solar energy, electricity generated by a solar energy system installed at or near customers’ locations, to residential customers. Through investment funds, the Company owns solar energy systems it installs and provides solar electricity pursuant to long-term contracts with its customers.

5 Day Chart for NYSE:VSLR

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